Global In-Vitro Diagnostics (IVD) Market Report: 2015 Edition - New Report by Koncept Analytics

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Global In-Vitro Diagnostics (IVD) Market Report
----------------------------------------- 2015
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• Executive Summary
• The diagnostic industry is widely classified into
  two types In-vitro diagnostics and In-vivo
  diagnostics. In-vitro tests are executed in glass
  test tubes, while In-vivo diagnostics tests are
  executed inside a patients body. IVD products
  are indeed designed and produced for collecting
  samples derived from the patients body and
  scrutinizing them outside, which are commonly
  conducted in hospitals, clinics and labs and in
  personal settings. Apart from the application of
  IVDs in medical diagnosis and health screening
  such as checking blood of signs for infections,
  or urine for the presence of glucose, they are
  also used in genetic testing, genomics,
  veterinary diagnostics, food testing,
  environmental testing, and research.
• As per the Global IVD market report, market
  segments such as blood glucose monitoring and
  clinical chemistry are relatively mature and
  stable. However, with growing personalized
  medical treatment trend, molecular diagnostics
  market is expected to grow significantly with
  strict regulatory measures.
• The key factors driving the market growth apart
  from generic macro-economic factors include
  accelerating diabetic population, increasing
  sales of medical technological devices,
  increasing complexity of diseases, and
  development of cardiac troponin assays. Some of
  the noteworthy trends observed in the industry
  are newly growing vitamin D testing market,
  genome sequencing market, usage of companion
  diagnostics in oncology, and increased importance
  of diagnostics. However, the industry remains
  exposed to certain challenges such as narrow
  economic moats in diagnostic market,
  reimbursement issues in clinical laboratory
  services, laboratory-developed tests waning IVD
  profits, and government regulation for IVD tests
  and stringent in genetic based tests.
• The report provides a comprehensive study of
  global in-vitro diagnostic market covering
  regional markets and major segments. The
  competition in the global in-vitro diagnostic
  market is highly amalgamated with large players
  like Abbott, Siemens, Roche and Johnson and
  Johnson. All these companies have been profiled
  in the present report highlighting their key
  financials and business strategies for their long
  term growth.
• By combining SPSS Inc.s data integration and
  analysis capabilities with our relevant findings,
  we have predicted the future growth of the
  industry. We employed various significant
  variables that have an impact on this industry
  and created regression models with SPSS Base to
  determine the future direction of the industry.
  Before deploying the regression model, the
  relationship between several independent or
  predictor variables and the dependent variable
  was analyzed using standard SPSS output,
  including charts, tables and tests.

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Illumina has the largest market share in the
genome sequencing market

• By region, North America is the largest market
  which accounted for .. of total IVD market,
  followed by EMEA (Europe/Middle East/Africa) with
  of market share in 2014. Asia-Pacific, Japan
  and Latin America accounted for .., .. and
  of the market share respectively.
• In 2014, the global sales of in-vitro diagnostic
  medical technology amounted to US... billion, up
  by .. from US... billion in 2013. In-vitro
  diagnostic devices have remained to be one of the
  most important and strongest segments of medical
  technology sales for past many years.
• The top three IVD segments by Technology type,
  i.e. self-monitoring blood glucose, clinical
  chemistry and immunodiagnostics, collectively
  account for more than of the total IVD market
  in 2014. Molecular diagnostics accounts for ..
  of the IVD market. Moreover, point-of-care,
  hematology and microbiology account for .. of
  IVD market share each.

Global IVD Market by Geography (2014)
Global In-Vitro Diagnostic Device Sales
(2011-2014)
Global IVD Market Share by Technology Type (2014)
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For Vitamin D testing, two laboratory tests for
vitamin D are available - 25-hydroxy vitamin D
and 1,25-dihydroxyvitamin D.
Global Clinical and Industrial In-Vitro Market
Value (2011-2014)

• Global in-vitro diagnostic market has been
  broadly segmented into clinical and industrial
  in-vitro market segment, of which clinical
  in-vitro market is valued at US... billion while
  industrial in-vitro market is valued at US...
  billion in 2014.
• Laboratory tests made up about .. of the total
  IVD market in 2014. Most of the IVD testing worth
  is performed in laboratories defined as hospital
  labs and independent labs such as private
  reference labs and blood bank labs.
• By product type, IVD industry is classified into
  three categories among which Reagents/Chemistry
  makes up majority of the market of about ...
  Instrumentation and Instrument Services holds ..
  and .. of the market in 2014, respectively.

Global IVD Market by Test Location (2014)
Global IVD Market Share by Product Type (2014)
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The Chinese government gives priority to
healthcare reforms and healthcare investments.
Global Molecular Diagnostic Market Value
(2009-2018E)

• The estimated US... billion molecular diagnostic
  market (MDx) is the fastest-growing segment of
  the IVD industry. Since 2009, there is an overall
  growth of in this segment, which is further
  estimated to become a US.. billion market by
  2018.
• Except the UK, in 2014, in terms of USD, European
  IVD market witnessed a growth of , to reach
  US... billion (EUR billion) as compared to
  US... billion (EUR billion) in 2013.
• Chinese IVD market is growing at a staggering
  CAGR of , to reach US... million by 2018 from
  current market value of US... million in 2014.
  China is expected to witness growth in IVD
  industry as immunochemistry market is blossoming
  because of their favorable demographics and large
  underpenetrated population.

IVD Market Value in EU27 EFTA (2009-2014)
IVD Market Value in China (2009-2018E)
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In-vitro diagnostics is one of the strongest and
largest segment within medical technology.
Global In Vitro Diagnostics Market Value Forecast
(2013-2020F)

• The in-vitro diagnostics (IVD) industry is one of
  the strongest segments within the healthcare
  industry. The global IVD market is forecasted to
  grow by to reach US... billion in 2015,
  compared to US... billion in 2014. The market is
  forecasted to reach US... billion by the end of
  2020 at a CAGR of from 2014 to 2020.
• Increasing complexity of diseases and need for
  better diagnosis for effective treatment has led
  to the growth of IVD market within healthcare
  industry. Some IVD market segments such as blood
  glucose monitoring and clinical chemistry are
  relatively mature, while molecular diagnostics
  market growth is likely to improve ease of access
  to personalized medical treatments. In
  particular, new companion diagnostic tests demand
  is expected to emerge as pharmaceutical and
  biotech companies are inclined to shift their
  pipelines toward such beset therapies. Along with
  genome sequencing this segment seems to be a
  disruptive and high-growth area that comprises
  greater genetic screening within cancer diagnosis
  and treatments, prenatal and newborn screening,
  and rare diseases.

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In-Vitro Diagnostics (IVD) Market . To know more
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