U.S (New York)-The latest research Report on “In Vitro Diagnostics Market” offers a comprehensive analysis of the market, including its size, historical trends, market development, and business strategies of industry leaders and newcomers. The study provides an in-depth examination of global and regional markets, as well as a breakdown of market size at the country level, to identify gaps and opportunities and assess market status, growth patterns, and value. The market report provides comprehensive competitive insights, including market share and executive profiles of key players in the global market. These profiles encompass an overview of the organization, financial summary, business strategy and planning, SWOT analysis, and recent developments, offering a holistic view of each company.
The global in vitro diagnostics market (IVD) was valued at $67,111 million in 2019, and is projected to reach $91,093 million at a CAGR of 4.8% from 2020 to 2027. For instance, in clinical chemistry various tests are performed in laboratory such as liver panel test, lipid profile, thyroid function test, and others. Furthermore, a thyroid function test is performed by collecting blood from a patient, which is then tested to check the level of thyroid stimulating hormone (TSH) in blood. Similarly, others such as polymerase chain reaction (PCR) are used to detect the presence of infectious diseases such as HIV, hepatitis, and others. In addition, constant innovations related to IVD products, service designs, and technology have encouraged doctors and researchers to shift their focus from traditional diagnostic methods to personalized medicines. For instance, some products that are used to perform various in vitro diagnostic tests using various technologies involve real time PCR detection systems, immunoassay systems, and others.
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In vitro diagnostics (IVD) are defined as medical devices and reagents which are used to examine specimens such as blood, urine, stool, tissues, and other body fluids, which are derived from human body to detect diseases, conditions, and infections. The tests can be performed in stand-alone laboratory, hospital-based laboratory, and point-of-care centers. Some significant technologies incorporated in in vitro diagnostics include polymerase chain reaction (PCR), microarray techniques, sequencing technology, and mass spectrometry, which are used for test sample preparation. Moreover, other techniques that are used to perform in vitro diagnosis involve clinical chemistry, tissue diagnostics, immunodiagnostics, hematology, and others.
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– The market size and estimations are based on a comprehensive analysis of key developments in the industry.
– A qualitative analysis based on innovative products facilitates strategic business planning.
– The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market
– List of key players profiled in the report:
– Abbott Laboratories
– Becton, Dickinson and Company
– bioMerieux SA
– Bio-Rad Laboratories, Inc.
– Danaher Corporation (Beckman Coulter, Inc.)
– F. Hoffmann-La Roche AG
– Siemens AG
– QIAGEN N.V.
– Sysmex Corporation
– Thermo Fisher Scientific, Inc.
– Johnson & Johnson
Key Market Segments
– By Product & Service
o Software and Services
– By Technique
? Enzyme-Linked Immunosorbent Assay (ELISA)
– Chemiluminescence Immunoassay (CLIA)
– Fluorescence immunoassay (FIA)
– Colorimetric Immunoassay (CI)
? Rapid Tests
? Enzyme-Linked ImmunoSpot (ELISPOT)
? Radioimmunoassay (RIA)
? Western Blot
o Molecular Diagnostics
? Polymerize Chain Reaction (PCR)
? Isothermal Nucleic Acid Amplification Technology (INAAT)
? DNA diagnostics
o Tissue Diagnostics
o Clinical Chemistry
? Basic Metabolic Panel
? Liver Panel
? Lipid Profile
? Thyroid Function Panel
? Electrolyte Panel
? Specialty Chemicals
– By Application
o Infectious Diseases
o Cardiac Diseases
o Immune System Disorders
o Nephrological Diseases
o Gastrointestinal Diseases
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– By End User
o Standalone Laboratories
o Academic & Medical Schools
– By Region
o North America
? Rest of Europe
? South Korea
? Rest of Asia-Pacific
? Saudi Arabia
? South Africa
? Rest of LAMEA
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