The report on In-vitro Diagnostics Instruments Market by product (immunochemistry, clinical microbiology,
POCT, tissue diagnostics, molecular diagnostics, hematology, hemostasis, SMBG), end user(hospitals and
diagnostic laboratories, research institutes) trends analysis and forecasts up to 2023 studies the market sizes,
key trends and opportunities in the main geographies such as North America, Europe, Asia-Pacific, Rest of the
World. According to the report the Global In-vitro Diagnostics Instruments Market is projected to grow at a
CAGR of 9.3% in terms of value over the period of 2017-2023. The growth in the world market is primarily
driven by significant contribution by North America (Leading region) region to this market.
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Market Insights
Growing elderly population, rise in occurrence and frequency of chronic diseases and infections, rise in
diagnoses population is due to increase in disease like malaria, diabetes, Cancer, tuberculosis, and
cardiovascular disease. Adoption of Point-Of-Care testing has increased because of growing awareness of
personalized medicine are likely to drive the growth of market. In addition, increasing awareness among the
patients, technological innovations and advancement, are expected to positively affect the market growth
over the forecast period. Moreover, increasing healthcare costs and lowering compensation affecting
instrument sales are the key factors restraining the growth of this market. Increasing investments in emerging
economies and increasing implication of friendly diagnosis are likely to bring more opportunities to this
market.
Segments Covered:
The report segments the In-vitro diagnostics instruments market by product and by end user. Market
segmentation based on product includes immunochemistry, clinical microbiology, POCT, tissue diagnostics,
molecular diagnostics, hematology, hemostasis and SMBG. Moreover, the global In-vitro diagnostics