In-vitro Diagnostic Services Market Size, Share, Price Trend | Industry Report, 2024

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In-vitro Diagnostic Services Market size to
surpass 63 bn by 2024 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from In-vitro Diagnostic Services
Market

• In-vitro Diagnostic Services Market size is set
  to exceed USD 63 billion by 2024 according to a
  new research report by Global Market Insights.
• Growing prevalence of chronic diseases such as
  cancer should have positive impact on the demand
  for in-vitro diagnostic (IVD) services. According
  to WHO, in 2015, there were around 8.8 million
  deaths globally due to cancer that will augment
  demand for IVD services. Also, as reported by
  World Cancer Research Fund International, there
  were around 1.4 million cases of colorectal
  cancer globally that will assure inflated demand
  for diagnostic services in forthcoming years.
  However, excessive cost of the diagnostic
  services and software utilized will restrain the
  industry growth.

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Continued...

• Testing services segment will grow at 5.7 over
  the forecast timeline and the high segmental
  growth will be attributed to the availability of
  superior quality in-vitro diagnostic services.
  Moreover, increasing mortality rates due to
  cancer and other viral infections should augment
  the business growth over forecast timeframe.
• Laboratories segment held an enormous market
  share of 29.3 in 2017 and is anticipated to
  follow high growth trends in upcoming years.
  Increase in rate of detection of diabetes cases
  in South African and Asian countries will augment
  the segmental growth and escalate the demand for
  in-vitro diagnostic services. Additionally,
  growing incidence of chronic infections such as
  HIV and others will ensure high demand for
  laboratory diagnostic services. According to U.S.
  Statistics, around 1.1 million people in the U.S.
  were infected with AIDS that will positively
  influence business growth.

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U.S. In-vitro Diagnostic Services Market, By
Software, 2013 2024 (USD Billion)

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Browse Full Market Research Report On In-vitro
Diagnostic Services Market _at_ h https//bit.ly/2OuQ
mUa Request for a Sample of this Research
Report _at_ https//www.gminsights.com/request-sample
/detail/2889
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360 Analysis

• Application Trends
• Laboratories segment held an enormous market
  share of 29.3 in 2017 and is anticipated to
  follow high growth trends in upcoming years.
  Increase in rate of detection of diabetes cases
  in South African and Asian countries will augment
  the segmental growth and escalate the demand for
  in-vitro diagnostic services. Additionally,
  growing incidence of chronic infections such as
  HIV and others will ensure high demand for
  laboratory diagnostic services. According to U.S.
  Statistics, around 1.1 million people in the U.S.
  were infected with AIDS that will positively
  influence business growth.
• Regional Trends
• U.S. dominated North America in-vitro diagnostic
  services market and was valued at USD 16.7
  billion in 2017 as a result of increasing demand
  for diagnostic services and growing adoption rate
  of software.
• Competitive Market Share
• Major industry players include BioRad, DexCom,
  Nova Biomedical, OraSure, Pearl Pathways,
  Phenomenex, Qiagen, Roche diagnostics, Siemens,
  Sysmex and Thermofisher.

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