U.S. In Vitro Diagnostics Market - Forecast(2021 - 2026)

Report Code: HCR 0554 Report Format: PDF + Excel (Delivery in 48 Hrs)
U.S. In Vitro Diagnostics Market size in 2019 is estimated to be $21.3 billion, growing at a CAGR of 4.3% during the forecast period 2020-2025. In vitro diagnostics helps to detect diseases or other conditions that can be used to monitor a person’s overall health to treat diseases. In vitro diagnostics also used for drug testing and can be used for the purpose of identifying the use of drugs. Increasing Incidence of chronic disease and technological advancement are the major factors driving the growth of the market. Moreover, growing geriatric population and rise in the number of medical procedures further enhance the market demand for U.S. In vitro diagnostics during the forecast period 2020-2025. U.S. In vitro diagnostics market growth is mainly owing to increasing prevalence of diseases, advanced instruments and technologies and increasing healthcare expenditure. According to the Center for Disease Control and Prevention, it is estimated that about 47,352 people are diagnosed with HIV infection in the U.S. and about 1 million people are diagnosed with AIDS, so the demand of in-vitro diagnostics is increasing in the U.S.

Report Coverage
The report: “U.S. In Vitro Diagnostics Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the U.S. In Vitro Diagnostics Market:

By Type: Product, Service
By Technology: Clinical Chemistry, Immunochemistry, Molecular Diagnostics, Hematology, Microbiology, Coagulation, Urinalysis
By Application: Oncology, Infectious Diseases,  Diabetes, Cardiology, Nephrology, Autoimmune Diseases, Drug Testing
By End-Use: Hospitals, Point-of-Care Testing, Laboratories, and Others

Key Takeaways
  • Increasing incidence of chronic diseases and technological advancement is driving the market growth of U.S. In vitro diagnostics. 
  • Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the U.S. In vitro diagnostics market report.
  • The high cost of equipment and lack of skilled professionals in operating the devices are challenging the growth of the market. 

Technology - Segment Analysis
Based on the Technology, U.S. In Vitro Diagnostics Market is segmented into Clinical Chemistry, Immunochemistry, Molecular Diagnostics, Hematology, Microbiology, Coagulation, and Urinalysis. The Immunochemistry segment is forecast to be the fastest-growing segment and is estimated to grow at a CAGR of 3.9% during the forecast period 2020-2025. This is mainly owing to cost-effective method of detection and provide good sensitivity. Moreover, it provides ease of automation that are contributing the growth of this segment.

Application - Segment Analysis
Based on the Application, U.S. In Vitro Diagnostics Market is segmented into Oncology, Infectious Diseases, Diabetes, Cardiology, Nephrology, Autoimmune Diseases, and Drug Testing.  In 2019, infectious diseases held the largest share in the U.S. In vitro diagnostics market. This is mainly owing to increasing incidence of infectious disease such as pneumonia, tuberculosis, AIDS and HIV which is also contributing to the growth of this segment.

Drivers – U.S. In Vitro Diagnostics Market 
  • Increasing Incidence of Chronic Diseases
Increasing incidence of chronic diseases and growing geriatric population are some factors driving the growth of the U.S. In vitro diagnostics market. Moreover, increasing patients’ awareness, increasing investment in R&D activities and growing awareness of personalized medicine among people for the treatment are also set to increase the market growth. 
  • Technological Advancements
Technological Advancements in the field of diagnostics and increasing healthcare expenditure are some factors driving the growth of the market. Moreover, technological evolution in the medical industry and increasing adoption of automated instruments and automation in laboratories further contributing the growth of the U.S. In Vitro Diagnostics market.

Challenges – U.S. In Vitro Diagnostics Market 
The high cost of equipment and lack of skilled professionals in operating the devices are challenging the growth of the market. Moreover, unavailability of proper healthcare infrastructure and lack of standardization are further restraining its market growth during the forecast period 2020-2025.

U.S. In Vitro Diagnostics Industry Outlook
Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the U.S. In Vitro Diagnostics Market. U.S. In Vitro Diagnostics top 10 companies are Roche, Abbott Laboratories, Danaher Corporation, Thermo Fisher Scientific, Johnson & Johnson, Bio-Rad Laboratories, Dickinson and Company, Roche Diagnostics, Siemens Healthineers, bioMérieux, and Sysmex Corporation.

Acquisitions/Product Launches
  • On 10 January 2018 Roche has collaboration with GE Healthcare to develop an industry first digital platform using advanced analytics to provide workflow solutions that support clinical decisions.
  • On 29 January 2018 Abbott Laboratories has launch FreeStyle Libre System and new continuous glucose monitoring system to develop in vitro diagnostics system.
1. U.S. In Vitro Diagnostics Market Overview
    1.1 Definitions and Scope
2. U.S. In Vitro Diagnostics Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends 
    2.2 Key trends by Type
    2.3 Key trends by Technology
    2.4 Key trends by Application
    2.5 Key trends by End-Use
3. U.S. In Vitro Diagnostics Market Landscape
    3.1 Market Share Analysis- Key Companies
    3.2 Product Benchmarking- Key Companies
    3.3 Financial Analysis - Key Companies
    3.4 Patent Analysis - Key Companies
    3.5 Pricing Analysis
4. U.S. In Vitro Diagnostics Market - Startup companies Scenario Premium (Premium)
    4.1 Key startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. U.S. In Vitro Diagnostics Market - Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of successful ventures
6. U.S. In Vitro Diagnostics Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes 
7. U.S. In Vitro Diagnostics Market - Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. U.S. In Vitro Diagnostics Market – By Type (Market Size -$Million/$Billion)
    8.1 Product
        8.1.1 Reagents & Kits
        8.1.2 Instruments
        8.2 Service
        8.2.1 Software
        8.2.2 Testing Services
9. U.S. In Vitro Diagnostics Market – By Technology (Market Size -$Million/$Billion)
    9.1 Clinical Chemistry
    9.2 Immunochemistry
    9.3 Molecular Diagnostics
    9.4 Hematology
    9.5 Microbiology
    9.6 Coagulation
    9.7 Urinalysis
10. U.S. In Vitro Diagnostics Market – By Application (Market Size -$Million/$Billion)
    10.1 Oncology
    10.2 Infectious Diseases
    10.3 Diabetes
    10.4 Cardiology
    10.5 Nephrology
    10.6 Autoimmune Diseases
    10.7 Drug Testing
11. U.S. In Vitro Diagnostics Market – By End-Use (Market Size -$Million/$Billion)
    11.1 Hospitals
    11.2 Point-of-Care testing
    11.3 Laboratories
    11.4 Others
12.  U.S. In Vitro Diagnostics Market – Entropy
13. U.S. In Vitro Diagnostics Market Company Analysis
    13.1 Company Revenue, Products, M&A, Developments
    13.2 Company 1
    13.3 Company 2
    13.4 Company 3
    13.5 Company 4
    13.6 Company 5
    13.7 Company 6
    13.8 Company 7
    13.9 Company 8
    13.10 Company 9
    13.11 Company 10 and more
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