About In-vitro Diagnostics Instruments
The global IVD instruments market is expected to grow at a steady rate during the forecast period. The factors like increasing older population, rise in incidence and prevalence of chronic diseases and infections are driving the market. Cancer, tuberculosis, malaria, diabetes, and cardiovascular diseases are the main factors for the rise in diagnosed population. In addition, increasing public awareness, rapid technological innovations, product approvals from regulatory authorities and launches are expected to positively influence the market growth over the next few years.
Technavio’s analysts forecast the global in-vitro diagnostics instruments market to grow at a CAGR of 9.73% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global in-vitro diagnostics instruments market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of IVD instruments.
The market is divided into the following segments based on geography:
Press Release
Technavio Announces the Publication of its Research Report – Global In-vitro Diagnostics Instruments Market 2016-2020
Technavio recognizes the following companies as the key players in the global in-vitro diagnostics market: Abbott Laboratories, Danaher, Siemens Healthcare, Roche Diagnostics, and Thermo Fisher Scientific
Other Prominent Vendors in the market are: A&T, A. Menarini Diagnostics, Abaxis, Abcam, Accriva Diagnostics, Acon Laboratories, Affymetrix, Ahram Biosystem, ARKRAY, AsuraGen, Biocartis, Bio-Rad Laboratories, CellaVision, Cepheid, Chembio Diagnostic Systems, Chembio Diagnostic Systems, Clarity Diagnostics, Corgenix, DiagCor, Drucker Diagnostics, EKF Molecular Diagnostics, Erba Diagnostics, GREEN CROSS MEDIS, Helena Laboratories, Hologic, HORIBA, Instrumentation Laboratory, i-Sens, Landwind Medical, Mindray, Nihon Kohden, Nipro Diagnostics, Randox Laboratories, Sekisui Medical, Sienco, Sinduri Biotec, Snibe Diagnostics, Stago, and Trivitron Healthcare
Commenting on the report, an analyst from Technavio’s team said: “The POL test segments are related to actionable infectious disease markers, cardiovascular diseases, and diabetes care. Most common infectious disease testing has enabled the usage of molecular diagnostic instruments in the POL practice. Many instruments that are usually used for testing in the central labs, now support the testing in POL. While CLIA testing for such molecular assays would increase its market growth, certain regulatory aspects over CLIA-waived test would likely delay its market growth.”
According to the report, POCT testing for cardiovascular biomarkers is a strategic IVD focus area even for non-traditional healthcare companies. In 2011, Samsung Electronics acquired Nexus Dx, a developer of rapid POC tests for diagnosing cardiovascular disease. Loss of employer sponsored health plans due to unemployment drove many Americans to seek other ways of receiving routine healthcare. Retail clinics, pharmacies, and home care settings have gained popularity because of added conveniences.
Further, the report states that IVD industry consolidation intensified since 2012. Crucial deals in 2012 include Hologic’s acquisition of Gen-Probe and Life Technologies’ acquisition of Navigenics, a genetic testing laboratory. The other notable consolidation includes larger company like Agilent) with considerable resources and has increased the ability for the acquiring company to compete and control market dynamics in its favor. This is threatening the market entry of small companies.
Companies Mentioned
Abbott Laboratories, Danaher, Siemens Healthcare, Roche Diagnostics, Thermo Fisher Scientific, A&T, A. Menarini Diagnostics, Abaxis, Abcam, Accriva Diagnostics, Acon Laboratories, Affymetrix, Ahram Biosystem, ARKRAY, AsuraGen, Biocartis, Bio-Rad Laboratories, CellaVision, Cepheid, Chembio Diagnostic Systems, Chembio Diagnostic Systems, Clarity Diagnostics, Corgenix, DiagCor, Drucker Diagnostics, EKF Molecular Diagnostics, Erba Diagnostics, GREEN CROSS MEDIS, Helena Laboratories, Hologic, HORIBA, Instrumentation Laboratory, i-Sens, Landwind Medical, Mindray, Nihon Kohden, Nipro Diagnostics, Randox Laboratories, Sekisui Medical, Sienco, Sinduri Biotec, Snibe Diagnostics, Stago, Trivitron Healthcare.
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