Europe In-vitro Diagnostics Market by Applications,Share & Growth Trends to 2024

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In-vitro Diagnostics Market in Europe is
projected to surpass 21 bn by 2024 Graphical
Research
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2

Key Insights from Europe In-vitro Diagnostics
Market  

• According to Graphical Research, Europe In-vitro
  Diagnostics Market to reach 21 bn by 2024.
• Improvement in healthcare infrastructure will
  drive Europe in-vitro diagnostics market growth.
  Majority of the population staying in developed
  countries rely on healthcare facilities developed
  by the public healthcare sector that has lower
  cost structure thereby will escalate demand for
  cost-effective diagnostic services augmenting
  industry growth.
• Regulations implemented by the European
  Diagnostic Clusters Alliance (EDCA) has enforced
  specific guidelines for manufacturers of the
  in-vitro diagnostics tools and equipment to meet
  patients safety demand thereby will augment
  in-vitro diagnostic industry growth.
• In-vitro diagnostic instruments segment will grow
  at 4.9 during the forecast timeframe owing to
  increasing number of laboratories equipped with
  instruments of superior quality. According to
  Global Genes, more than 30 million people suffer
  from rare diseases in Europe that require
  critical monitoring and diagnosis at gene level
  that should escalate the demand for diagnostic
  instruments.

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Continued...

• In-vitro diagnostic services segment held an
  enormous share of 78.9 in 2017 and is projected
  to grow significantly over the forecast timeframe
  as a result of growing geriatric population
  globally that will augment demand for in-vitro
  diagnostic services influencing the segmental
  growth positively.
• Immunoassays or immunochemistry segment was
  valued at USD 3.0 billion in 2017 and high growth
  can be accounted to various benefits offered by
  these tests.
• Cardiology segment will grow at 5.9 during the
  forecast timeline as a result of increasing
  incidence of cardiovascular diseases due to
  tobacco smoking, lack of physical activity,
  consumption of alcohol and unhealthy diet that
  will drive the segmental growth.
• Laboratories segment held enormous revenue share
  of 29.4 in 2017 due to presence of various
  growth opportunities such as availability of
  skilled labor to work increasing the level of
  operational efficiency. High preference for
  laboratories with well-equipped diagnostic
  machines and equipment will thereby propel the
  segment growth.

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Continued...

• Germany in-vitro diagnostics industry was valued
  at USD 2.1 billion in 2017 and is expected to
  grow exponentially over the estimated timeframe
  owing to the increasing number of technological
  advancements that are being incorporated in the
  medical diagnostic devices. For instance, major
  industry players such as Roche diagnostics have
  developed clinical diagnostic solutions and
  devices integrated with advanced technology
  enabling automation and increasing the
  operational efficiency that will thereby boost
  the preference for clinical chemistry, blood gas
  analysis and other such analytical devices that
  will stimulate the industry growth.
• Major industry competitors operating in Europe
  in-vitro diagnostics market are Abbott, Becton
  Dickinson, BioRad, BioMerieux, Cephied, Danaher,
  Grifols, Johnson Johnson, Luminex, Roche
  Diagnostics, Siemens, Sorin, Thermo Fisher and
  Qiagen. These industry players have adopted
  certain strategic initiatives to gain competitive
  advantage and achieve sustainable profits. For
  instance, in January 2017, Grifols acquired
  Hologic unit working in RD facility
  manufacturing assays and instruments based on
  nucleic acid testing technology. This acquisition
  will help in expanding the companys product
  portfolio.

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reserved.


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Europe In-vitro Diagnostics Market
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reserved.


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Browse Full Market Research Report On Europe
In-vitro Diagnostics Market  _at_ https//bit.ly/2D
9tAPG Request for a Sample of this Research
Report _at_ https//bit.ly/2GIv7OB
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