Title: North America In-vitro Diagnostics Market to witness 5.6%+ CAGR by 2024
1 North America In-vitro Diagnostics Market to
reach USD 39bn by 2024 Graphical Research
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2 Key Insights from North America In-vitro
Diagnostics Market
- Graphical Research says, North America In-vitro
Diagnostics Market to reach USD 39bn by 2024 - Integration of advanced technology within the
diagnostic devices will improve accuracy and
efficiency of these devices that should have a
positive impact on in-vitro diagnostics industry
growth. - Technologically advanced countries such as the
U.S. and Canada focus their efforts on RD to
manufacture automated laboratory diagnostic
machines and equipment for accurate detection of
diseases. - In-vitro diagnostics market should grow
significantly as a result of increasing
prevalence of chronic diseases such as diabetes
and cancer. As reported by National Cancer
Institute, in 2018, there will be 1,735,350 cases
of cancer that will escalate the business growth
significantly in the near future. - Reagents kits segment will grow at 6.6 during
the forecast timeframe owing to escalating demand
for such product types used in diagnosis of
viral, fungal and bacterial diseases.
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reserved.
www.graphicalresearch.com
3 Continued...
- Data management software segment accounted for
20.7 revenue share in 2017. - Molecular diagnostics technology segment will
grow at 8.3 CAGR over the forecast timeframe. - Diabetes segment was valued at USD 3.9 billion in
2017 and is expected to have high growth rate as
a result of growing prevalence of diabetes in
developed countries due to increasing incidences
of obesity amongst the individuals. - Point-of-care segment had enormous market size of
USD 6.2 billion in 2017 and the high growth of
the segment can be accounted to the growing use
of point-of care molecular diagnostic devices for
detecting blood glucose levels even at home. - U.S. in-vitro diagnostics market should witness
high growth and held a momentous share of USD
23.9 billion. - Key industry competitors operating in North
America in-vitro diagnostics market are Abbott,
Becton Dickinson, BioRad, BioMerieux, Cephied,
Danaher, Grifols, Johnson Johnson, Luminex,
Roche Diagnostics, Siemens, Sorin, Thermo Fisher
and Qiagen.
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