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In Vitro Diagnostic is a medical procedure that involves the examination, diagnosis, and monitoring of a sample taken from the human body, such as a blood sample, urine sample, or tissue sample, in a laboratory environment. The term “in vitro” is derived from the Greek word “in vitro”, which translates to “in glass”. IVD covers a broad range of medical tests, from clinical chemistry and immunoassay to molecular diagnostics and microbiology, as well as genetic testing. IVD plays an essential role in the decision-making process of healthcare, as it allows for the early identification of diseases, the monitoring of treatment efficacy, and the improvement of patient outcomes.
An increase in the prevalence of chronic and infectious diseases, a surge in awareness about early disease diagnosis, and personalized medicine, and a rise in the number of diagnostic laboratories are the factors that drive the growth of the global in vitro diagnostics market. However, stringent regulatory policies are expected to restrict market growth. Moreover, the technological advancement in in vitro diagnostics presents new opportunities in the coming years.
Segment Review:
By Techniques:
Immunodiagnostics
Blood Testing
Molecular Diagnostics
Tissue Diagnostics
Clinical Chemistry
Other IVD Techniques
By Product Type:
Reagents
Instruments
Software and Service
By Application:
Infectious Diseases
Cancer
Cardiac Diseases
Immune System Disorders
Nephrological Diseases
Gastrointestinal Diseases
Other Indications
By End Users:
Standalone Laboratory
Hospitals
Academic and Medical Schools
Point of Care Testing
Others
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Key Benefits:
The study provides in-depth analysis of the Germany IVD market along with current trends and future estimations to elucidate the imminent investment pockets.
Quantitative analysis of the industry is provided for the period of 20162023 to enable the stakeholders to capitalize on the prevailing market opportunities.
Comprehensive analysis of factors that drive and restrict the growth of the market has been provided.
Extensive analysis by techniques and application helps understand various trends and prevailing opportunities in the market.
The key market players are profiled and their strategies are analyzed to predict the competitive outlook of the market.
Key Market Players:
Major companies operating in this market adopted product launch as their key development strategy. Companies profiled in this market include, ThermoFisher Scientific Inc., Alere Inc., Biomerieux, Danaher Corporation, F. Hoffmann-La Roche AG, Becton Dickinson and Company, Bio-Rad Laboratories, Bayer AG, Sysmex Corporation, and Johnson & Johnson among others.
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Allied Market Research
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