North America In-Vitro Diagnostics Market – Growth & Forecast (2024

North America In-Vitro Diagnostics Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

In-Vitro diagnostics are the tests done on a sample such as blood or tissues that have originated from the human body for diagnosing and monitoring of diseases. It is used to record a person’s overall health report by performing next-generation sequencing tests, which can scan a person DNA to detect the genomic variations and also to prevent disease progression. The benefits concerning in-vitro diagnostics include improved patient outcome, reduced healthcare spending, protecting consumer safety, more efficient and others.

North America In-Vitro Diagnostics Market Size & Growth:

The North America In-Vitro Diagnostics Market size is projected to reach approximately $ XX Billion by the end of 2024 with a CAGR close to X% from $XX Billion in 2018 during the forecast timeline 2018-2024. The Key factors that drive the growth of the market include increasing adoption of point-of-care testing, growing number of private diagnostic centres, increasing government expenditure on healthcare, rising incidence of chronic lifestyles & infectious diseases, growing adoption of new technologies and others. Major restraints for the In-Vitro Diagnostics include rising healthcare costs, unclear reimbursement policies, stringent regularity policies and others.

Innovations and developments in in-vitro diagnostics allow the individuals to perform pregnancy tests easily from home by placing urine samples on test sticks. These tests are accurate, less time consuming and cost-efficient. Increase in incidence of chronic diseases and rising investments for the advancement of healthcare sector by the government along with growing number of public and private diagnostic centres are key factors driving the market growth of in-vitro diagnostics market.

North America In-Vitro Diagnostics Market Share:

Various parameters divided the North America In-Vitro Diagnostics market. By the Technology, they are divided into

North America In-Vitro Diagnostics Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

immunodiagnostics, clinical chemistry, molecular diagnostics, haematology, clinical microbiology, coagulation & hemostasis and other technologies. As the immunodiagnostics segment was again categorised into the rapid test, western blot, radioimmunoassay, and others. The clinical chemistry segment was again categorised into the liver panel, electrolyte panel, thyroid function panel, basic metabolic panel, and others. The molecular diagnostics segment was again categorised into microarray, hybridisation, DNA sequencing, and others. Among them, Immunodiagnostics has the largest market share owing to the increasing demand for personalised medicines and growth in ageing population along with changes in demographics & lifestyles.

By product & Service, they States has the

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North America In-Vitro Diagnostics Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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