Covid-19 Impact on European In Vitro Diagnostics Market to See Strong Expansion Through 2028

Stratview Research publishes a new report titled European In Vitro Diagnostics Market which is segmented by Product Type (Instruments, Reagents, Software, and Services), by Technique Type (Immunology, Hematology, Clinical Chemistry, Molecular Diagnostics, Coagulation, Microbiology, and Others), by Application Type (Infectious Diseases, Diabetes, Oncology/Cancer, Cardiology, Nephrology, Autoimmune Diseases, Drug Testing, and Others), by End-User Type (Hospitals, Laboratory, Home Care, and Others), and by Country (Germany, France, The UK, Russia, Spain, and Rest of Europe).

Market Insights

European in vitro diagnostics market was estimated at USD 14.5 billion in 2021 and is likely to grow at a CAGR of 5.15% during 2022-2028 to reach USD 20.66 billion in 2028.

What are in vitro diagnostics?

In vitro diagnostics (IVD) tests are done on samples such as blood or tissue that have been taken from the human body. These tests are used to detect diseases and infections and to monitor the health of a person to treat and prevent diseases. In vitro simply means ‘in glass, thus these tests are performed in test tubes and similar equipment.

Market Drivers

Major factors driving the European in vitro diagnostics market growth are-

• An increase in the number of genetic disorders, 
• An increase in the number of incidences of chronic and infectious diseases,
• Growing awareness for the early diagnosis of life-threatening diseases,
• Increasing demand for point-of-care testing

Furthermore, technological advancements in the field of in vitro diagnostic technologies are expected to drive the growth of the market during the forecast period.

Global European In Vitro Diagnostics Market Report Segments:

The market is segmented into the following categories.

By Product Type

• Instruments
• Reagents
• Software
• Services

By Technique Type

• Immunology 
• Hematology
• Clinical Chemistry
• Molecular Diagnostics
• Coagulation
• Microbiology
• Others

By Application Type

• Infectious Diseases
• Diabetes
• Oncology/Cancer
• Cardiology
• Nephrology
• Autoimmune Diseases
• Drug Testing
• Others

By End-User Type

• Hospitals
• Laboratory
• Home Care
• Others

By Country

• Germany (Trend and Forecast)
• France (Trend and Forecast)
• The UK (Trend and Forecast)
• Russia (Trend and Forecast)
• Spain (Trend and Forecast)
• Rest of Europe (Trend and Forecast)

Why is this report beneficial?

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

It also offers –

• Market Overview
• Key Manufacturers Profiles
• Market Analysis by Region
• Market Segment by Type
• Market Segment by Application
• Raw Material and Supply Chain
• Other Key Research Findings

All the data compiled by the market experts is the outcome of rigorous primary and secondary research conducted on the market players and reliable sources, including company white papers, journals, press releases, and more.

Key players active in the market –

The following are some of the key players in the European In Vitro Diagnostics Market:

• Abbott Laboratories, Inc.,
• Alere, Inc.,
• Bio-Rad Laboratories, Inc.,
• Cepheid, Inc.,
• Hologic, Inc.,
• OraSure Technologies,
• Qiagen N.V.,
• Quidel Corporation,
• Roche Diagnostics,
• Siemens Healthcare GmbH.

Customization of the report –

At Stratview Research, the market researchers make a note of opportunities, drawbacks/bottlenecks, estimations, and information related to the market using experienced skills and verified methodologies. Our research reports offer an exceptional experience of innovative solutions and outcomes to the users. If required, user can also opt for customization of the report.

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