In Vitro Diagnostic IVD Products Market Estimated to Expand at a Double-Digit CAGR through 2019-2024joanmcconville | May 22, 2019 | 0 | Medical Devices
Global In Vitro Diagnostic IVD Products Market
In vitro diagnostics are tests that can detect diseases, conditions, or infections. Some tests are used in the laboratory or other health professional settings and other tests are for consumers to use at home.
In Vitro Diagnostic IVD tests are a subset of medical devices. In vitro diagnostic tests are used for in vitro examination of specimens derived from the human body to provide information for screening, diagnosis, or treatment monitoring purposes.
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North Americas is the largest consumption place, with a revenue market share nearly 41.6% in 2018. Following North Americas, Europe is the second largest consumption place with the revenue market share of 30% in 2018. APAC has the highest growth in the market due to the growing use of these instruments in various in-vitro procedures. The market is expected to grow at a faster pace due to significant developments and sales in countries such as Japan, India, Malaysia, South Korea, and China. The market in these countries is projected to witness rapid growth, mainly because of the large population base offering significant scope for market vendors to penetrate these countries.
According to this study, over the next five years, the In Vitro Diagnostic IVD Products market will register a 6.8% CAGR in terms of revenue, the global market size will reach US$ 91480 million by 2024, from US$ 65820 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in In Vitro Diagnostic IVD Products business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of In Vitro Diagnostic IVD Products market by product type, application, key manufacturers and key regions and countries.
This study considers the In Vitro Diagnostic IVD Products value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Thermo Fisher Scientific
Ortho Clinical Diagnostics
Johnson and Johnson
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global In Vitro Diagnostic IVD Products consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of In Vitro Diagnostic IVD Products market by identifying its various sub-segments.
Focuses on the key global In Vitro Diagnostic IVD Products manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in next few years.
To analyze the In Vitro Diagnostic IVD Products with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
To project the consumption of In Vitro Diagnostic IVD Products submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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