#vitro diagnostics

In-Vitro Diagnostics Products Market Report 2020: COVID-19 Impact Analysis

The coronavirus (COVID-19) pandemic is having a dramatic impact on the in-vitro diagnostics (IVD) including technologies such as PCR, NGS, ELISA, clinical chemistry, rapid-tests, hematology, hemostasis, urinalysis, microbiology testing, and others. Currently, in-vitro diagnostic is the only diagnosis used by the healthcare professionals in order to detect the spread of corona virus across the globe. The virus has spread across all regions ranging from North America, Europe, Asia-Pacific, Middle East and Africa up to South America. The COVID- 19 has been declared as a pandemic by WHO due to its increased spread across the globe. After the declaration of the pandemic, various countries announced the complete lockdown such as the U.S., Germany, India and China among more in order to decrease its spread. The lockdown of countries aids in surging of use of diagnostic kits in order to screen patients suffering from coronavirus. According to the situation, the report of 4th June 2020 by WHO stated 6,416,828 cases of corona has been reported globally and 382,867 patients are dead due to the coronavirus.

In vitro diagnostics (IVD) quality control market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 1.25 billion by 2027 growing at a CAGR of 3.8% in the above-mentioned forecast period. Growing demand for multi-analyte controls is expected to enhance the demand for the market.

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In-vitro diagnostics (IVDs) are those medical devices and accessories which are specially designed so they can conduct in-vitro testing on body samples such as tissues, blood and urine. They are widely used for the diagnosis and treatment of various medical conditions.

In-Vitro Diagnostics Products Market has been riding a progressive growth trail over the recent past. The first two quarters of the year 2020 have however witnessed heavy disruptions throughout all the industry facets, which are ultimately posing an unprecedented impact on In-Vitro Diagnostics Products market. Although healthcare & life sciences industry as a whole is witnessing an influx of opportunities in selected sectors, it remains a matter of fact that some of the industry sectors have temporarily scaled back. It becomes imperative to stay abreast of all the recent updates and predict the near future wisely.

The “In Vitro Diagnostic Testing Services Market” 2020 report includes the market strategy, market orientation, expert opinion and knowledgeable information. The In Vitro Diagnostic Testing Services Industry Report is an in-depth study analyzing the current state of the In Vitro Diagnostic Testing Services Market. It provides a brief overview of the market focusing on definitions, classifications, product specifications, manufacturing processes, cost structures, market segmentation, end-use applications and industry chain analysis. The study on In Vitro Diagnostic Testing Services Market provides analysis of market covering the industry trends, recent developments in the market and competitive landscape.

Note: Our domain-specific expert analyst team is keenly monitoring COVID-19 impact on In Vitro Diagnostic (IVD) Products Industry segments and sub-segments for better market understanding. The latest updated 2020 report edition offers COVID-19 impact on various industry segments with an economic slowdown, product demand fluctuations, and revenue accumulation.

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Global In Vitro Diagnostic Services Market Segmentation:

For product type segment, this report listed main product type of In Vitro Diagnostic Services market in global. Infectious Testing, Diabetes Testing, Molecular Testing, Tissue Testing

Conclusion

It has been observed through the vast spread and rising trends of coronavirus cases each passing day that the novel coronavirus or COVID-19 is expected to leave a significant impact on every aspect of life or market. The risk pose by the infectious disease is not restricted to health but the dwindling economy also. The healthcare domain is under huge pressure to deal with the unimaginably big situation of COVID-19. Moreover, the surge in patients with this infectious disease anticipates in driving the demand for in-vitro diagnostics (IVD) in the market.

As per the report titled as “In Vitro Diagnostics (IVD) Quality Control Market–Global Opportunity Analysis and Industry Forecast (2017-2022)”, the global IVD quality controls market will grow at a CAGR of 3.8% during the forecast period to reach USD 1,065.3 million by 2022. The global In Vitro Diagnostics Quality Controls Market is driven by the increasing number of accredited clinical laboratories, growing demand for external quality assessment (EQA) support, and increasing mandates from regulatory & accreditation bodies on the use of quality controls. However, additional costs burden associated with quality controls on laboratories, unfavorable reimbursement scenario for IVD tests, and lack of mandatory regulations for clinical laboratory accreditation in many emerging countries is expected to restrain the growth of this market to a certain extent.

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The global IVD quality controls market is majorly segmented by product type, application, end user, manufacturer type, and geography. Based on product type, the IVD quality controls market is majorly segmented into quality controls, data management software, and external quality assurance services. Quality Controls segment held the largest share in the global IVD quality controls market in 2016, owing to the increasing adoption of control materials with high stability to check the accuracy & precession of laboratory testing process and IVD tests results.

Based on application, the IVD quality controls market is majorly segmented into clinical chemistry, hematology, immunoassay, molecular diagnostics, microbiology, coagulation/hemostasis, and others. The immunoassay segment accounted for the largest share of the global IVD quality controls market in 2016 and is also expected to continue its dominance during the forecast period. The large share of this segment is attributed to the higher adoption of high sensitive and cost-effective immunoassay tests for the diagnosis of increasing infectious diseases and relatively increased demand for multi-analyte immunoassay controls to ensure the accuracy & reliability of immunoassay test menus.

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On the basis of end user, the In Vitro Diagnostics Quality Controls Market is majorly segmented into hospitals, clinical/ reference laboratories, research & academic institutes, and others. Hospitals segment held the largest share in the global IVD quality controls market in 2016. The largest share of this segment is mainly attributed to the large share of diagnostics tests performed in the hospital attached laboratories and relatively higher demand for quality controls in these healthcare settings to ensure the accuracy and reliability of IVD test results of the patients.

Based on manufacturer type, the IVD quality controls market is majorly segmented into IVD instrument manufacturers and third party quality control manufacturers.Third party quality control manufacturers commanded the largest share in the global IVD quality controls market in 2016. The largest share of this segment is attributed to the increasing demand for multi-analyte third party controls to obtain an unbiased opinion on the analytical performance of the laboratory.

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Based on geography, this market is majorly segmented into six regions: North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. North America holds the major share in the global IVD quality controls market, followed by Europe and Asia-Pacific region.The major share of North America is mainly attributed to the rising number of accredited laboratories, stringent rules and regulations on quality assurance in the region, higher adoption of innovative multi-analyte third party controls and related products & services, and well-established healthcare system & distribution channels in the U.S. However, Asia-Pacific region is projected to show lucrative growth potential for the In Vitro Diagnostics Quality Controls Market during the analysis period, owing to the significantly growing IVD industry in the region with rising demand for early diagnosis from large patient population in Asia, rising number of accredited laboratories, increasing number of hospitals and clinical pathologies, increasing healthcare spending, and improving healthcare infrastructure in the region.

The major players operating in the global In Vitro Diagnostics Quality Controls Market are Randox Laboratories Ltd. (U.K.), Thermo Fisher Scientific Inc. (U.S.), Bio-Rad Laboratories Inc. (U.S.), Technopath Clinical Diagnostics (Ireland), SeraCare Life Sciences Inc. (U.S.), Merck KGaA (Germany), Maine Molecular Quality Controls, Inc. (U.S.), Sero AS (Norway), Eurotrol B.V. (The Netherlands), Omega Diagnostic Group PLC (U.K.), Fortress Diagnostic Limited (U.K.), Sun Diagnostics, LLC. (U.S.), Siemens AG (Germany), Abbott Laboratories (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), Helena Biosciences Europe (U.K.), Danaher Corporation (U.S.), Ortho Clinical Diagnostics (U.S.), ZeptoMetrix Corporation (U.S.), and Becton, Dickinson and Company (U.S.).

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BRIC IVD Market Research Methodology Focuses On Exploring Major Factors Influencing the Industry Development

Factors driving the IVD Market in BRIC

Rising aging population with a related increase in chronic diseases,

Increasing healthcare expenditure

Rise in demand for point-of-care testing.

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The in vitro diagnostics (IVD) market in BRIC is estimated to reach USD 15.71 billion by 2022, at a CAGR of 8.2% during the forecast period.

Market Geography:

In 2016,…

MarketReportsOnline.com adds “Global Molecular Diagnostics Market Forecast & Analysis to 2021" report to its research store.

The molecular diagnostics market is one of the most rapidly growing segments of the in vitro diagnostics industry. Molecular diagnostics is a new class of diagnostic tests that identify molecular and genetic markers for an individual patient. These markers determine potential benefit from a specific therapy or risk of developing a specific disease or other health condition. North America, particularly, United States is the key market for molecular diagnostics due to the availability of government funds, rising incidence of chronic diseases, the availability of different types of tests, and high awareness of pharmacogenomics/personalized medicine. Moreover, major companies have easy access to United States which makes the country largest and most significant market for suppliers.   Additionally, new molecular diagnostic tests are regularly introduced to the market for screening or diagnosing a wide range of patient types for numerous diseases.

Purchase a copy of this “Global Molecular Diagnostics Market Forecast & Analysis to 2021” research report at USD 1100 (Single User License).

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 Description:

Molecular diagnostics is being driven by several growth factors, which include the need for automated and easy-to-handle techniques, which combine optimized sample preparation, analysis and data evaluation, and the growing availability of molecular diagnostic tests for monitoring the therapeutic efficacy of expensive drugs. Additionally, the requirement of swift diagnoses techniques that would diagnose disease condition, medical disorders quickly and offer a strong and consistent tool for quick therapy decisions represents the other key factor. Introduction of new diagnostics tests, primarily in the infectious disease application area is likely to keep the momentum going for the molecular diagnostics business in the short-term.

 Complete report available at: http://www.marketreportsonline.com/500816.html.

 Key Highlights:

 ·         The Global Molecular Diagnostics market is expected to grow with a CAGR of around 9% during the period 2010 – 2021.

·         Number of molecular tests performed in the United States is expected to exceed 300 Million by 2020.

·         In the Global molecular diagnostics market, infectious disease controls maximum market share in 2015.

·         The neurological disorders testing market holds over 6% share of the total molecular diagnostic market in 2015 being followed by cardiovascular diseases.

·         The global food testing market was valued over US$ 450 Million in 2014.

·         Biochips and FISH and Innovations accounts for largest share of the Global molecular diagnostics technological segment in 2015.

·         PCR based tests captures third highest share of the molecular diagnostics technological market in 2015.

·         North America accounted for around 40% share of the Global molecular diagnostics market in 2015.

·         Europe is the second most popular market for molecular diagnostics capturing XX% share in 2015.

·         China and India are large emerging markets for the molecular diagnostics.

·         In the global molecular diagnostics market, Roche is at the top of the list with over XX% share in 2015.

·         Myriad Genetics accounts for XX% share of the global molecular diagnostics market in 2015.

·         Qiagen captured XX% share of the global molecular diagnostics market in 2015, followed by Cepheid with XX% share in the same year.  

 Thisreport titled “Molecular Diagnostics Market (By Application, Technology, Region and Companies) and Forecast to 2021 - Global Analysis” provides a comprehensive assessment of the fast-evolving, high-growth Global Molecular Diagnostics market.

 This 149 Page report with 95 Figures and 8 Tables is analyzed from 5 viewpoints:

·         Molecular Diagnostics Market and Forecast - By Application Segment (2010 – 2021)

·         Molecular Diagnostics Market and Forecast - By Technology Segment (2010 – 2021)

·         Molecular Diagnostics Market and Forecast - Regional Analysis (2010 – 2021)

·         Molecular Diagnostics Market and Forecast - Company Analysis (2010 – 2021)

·         Molecular Diagnostics Market - Driving Factors and Challenges

 Molecular Diagnostics Market and Forecast - 9 Applications Segment Covered

·         Infectious Disease

o    Virology (HIV, HCV, HBV) Testing Market

o    Healthcare Associated Infections (HAI) Testing Market

o    Sexually Transmitted Disease Testing Market

o    Critical Care Infectious Testing Market

·         Blood Screening

·         Oncology

o    Bladder Cancer

o    Breast Cancer

o    Cervical Cancer

o    Colorectal Cancer

o    Ovarian Cancer

o    Prostate Cancer

o    All Other Cancers

·         Tissue Typing/HLA

·         Genetic Testing

·         Cardiovascular Diseases

·         Neurological Disorders

·         Food Pathogen Detection

·         Miscellaneous Disorders

 Molecular Diagnostics Market and Forecast - 8 Technological Segments Covered

 ·         PCR-Based Tests

·         PCR-Related Technologies

·         Non-PCR Tests

·         FISH and Innovations

·         Biochips/Microarrays

·         Biosensors

·         Molecular Imaging

·         Other Technologies

 Molecular Diagnostics Market and Forecast – 9 Regions Covered

 ·         North America, Europe, Japan, China, India, Korea, Brazil, Mexico, Rest of the World

 Molecular Diagnostics Market and Forecast – 9 Companies Covered

 ·         Roche

·         Abbott Laboratories

·         Qiagen

·         Hologic Inc.

·         Biomerieux

·         Myriad Genetics

·         Cepheid

·         Becton Dickinson

·         Other Companies

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Qyresearchreports include new market research report “Global Vitro Diagnostics Device Market Research Report 2016" to its huge collection of research reports.

Notes:

Production, means the output of Vitro Diagnostics Device

Revenue, means the sales value of Vitro Diagnostics Device

This report studies Vitro Diagnostics Device in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering

Roche

Siemens

Abbott

Beckman

BD

Johnson & Johnson

BioMerieux

Bio-Rad

Sysmex

Thermo Fisher Scientific

Randox

Grifols

Hitachi

Toshiba

Erba Mannheim

KHB

Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Vitro Diagnostics Device in these regions, from 2011 to 2021 (forecast), like

North America

Europe

China

Japan

Southeast Asia

India

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Split by product type, with production, revenue, price, market share and growth rate of each type, can be divided into

Biochemical analyzer

Enzyme mark analyzer

The PCR instrument

Others

Split by application, this report focuses on consumption, market share and growth rate of Vitro Diagnostics Device in each application, can be divided into

Application 1

Application 2

Application 3

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Table of Contents

1 Vitro Diagnostics Device Market Overview

1.1 Product Overview and Scope of Vitro Diagnostics Device

1.2 Vitro Diagnostics Device Segment by Type

1.2.1 Global Production Market Share of Vitro Diagnostics Device by Type in 2015

1.2.2 Biochemical analyzer

1.2.3 Enzyme mark analyzer

1.2.4 The PCR instrument

1.2.5 Others

1.3 Vitro Diagnostics Device Segment by Application

1.3.1 Vitro Diagnostics Device Consumption Market Share by Application in 2015

1.3.2 Application 1

1.3.3 Application 2

1.3.4 Application 3

1.4 Vitro Diagnostics Device Market by Region

1.4.1 North America Status and Prospect (2011-2021)

1.4.2 Europe Status and Prospect (2011-2021)

1.4.3 China Status and Prospect (2011-2021)

1.4.4 Japan Status and Prospect (2011-2021)

1.4.5 Southeast Asia Status and Prospect (2011-2021)

1.4.6 India Status and Prospect (2011-2021)

1.5 Global Market Size (Value) of Vitro Diagnostics Device (2011-2021)

2 Global Vitro Diagnostics Device Market Competition by Manufacturers

2.1 Global Vitro Diagnostics Device Production and Share by Manufacturers (2015 and 2016)

2.2 Global Vitro Diagnostics Device Revenue and Share by Manufacturers (2015 and 2016)

2.3 Global Vitro Diagnostics Device Average Price by Manufacturers (2015 and 2016)

2.4 Manufacturers Vitro Diagnostics Device Manufacturing Base Distribution, Sales Area and Product Type

2.5 Vitro Diagnostics Device Market Competitive Situation and Trends

2.5.1 Vitro Diagnostics Device Market Concentration Rate

2.5.2 Vitro Diagnostics Device Market Share of Top 3 and Top 5 Manufacturers

2.5.3 Mergers & Acquisitions, Expansion

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