Market Research Report
United States IVD Market (By Application Segment, Products, Region, End Users), Impact of COVID-19, Major Deals, Company Profiles & Recent Developments - Forecast to 2026
|Published by||iGate Research Pvt Ltd||Product code||990261|
|Published||Content info||243 Pages
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|United States IVD Market (By Application Segment, Products, Region, End Users), Impact of COVID-19, Major Deals, Company Profiles & Recent Developments - Forecast to 2026|
|Published: February 22, 2021||Content info: 243 Pages||
The United States In Vitro Diagnostics (IVD) market is predicted to reach nearly US$ 37 Billion by 2026. In-vitro Diagnostics (IVD) serves a key role in the healthcare value chain by significantly influencing the quality of health outcomes, patient treatment, care and downstream resource requirements. With an aging population, technological advances and advent of point of care diagnostics, United States IVD market is slated to show substantial growth in the future. The increase in the US in vitro diagnostics market is majorly driven by high prevalence of chronic diseases, such as heart diseases, cancer, asthma, and diabetes. It is estimated that these diseases are responsible for the majority of deaths in the United States, killing more than 1.7 million US citizens annually. All of these conditions can be diagnosed and monitored using IVD products. Thus, IVDs have proved to be beneficial in managing these chronic conditions. However, some of the factors limiting the growth of the market are a lack of proper reimbursement policies and lack of skilled lab technicians.
Impact of COVID-19 on United States In-Vitro Diagnostics Market
The COVID-19 outbreak has become a global stress test. The disease has infected over 110 Million people worldwide. Globally the death toll has reached 2,432,622 according to the latest statistics from the Worldometers (as of February 17, 2021). The number is still growing, and the duration of the pandemic is still difficult to predict. The COVID-19 outbreak has created a sense of urgency and panic among people globally. While people are being advised to stay indoors, healthcare professionals and researchers have registered a state of urgency. In this scenario, the in-vitro diagnostics forms the crux of increased testing. Manufacturers in the in-vitro diagnostic market are focusing on developing novel technologies for maximum testing within a minimum period. The novel coronavirus has accelerated the research and development activities in the in-vitro diagnostics market. Development and production in maximum numbers is the need of the hour. Therefore, quick FDA approvals are proving to be the cherry on the cake for the growth of the in-vitro diagnostic market.
United States In-Vitro Diagnostics Market - Application Segments Analysis
United States In-Vitro Diagnostics Market - Products Analysis
United States In-Vitro Diagnostics Market - Regional Analysis
United States In-Vitro Diagnostics Market - End Users Analysis
iGATE RESEARCH report titled "United States IVD Market (By Application Segment, Products, Region, End Users), Impact of COVID-19, Major Deals, Company Profiles & Recent Developments - Forecast to 2026" provides a comprehensive assessment of the fast-evolving, high-growth United States IVD Market.
This 243 Page report with 73 Figures and 8 Tables has been analyzed from 10 View Points:
By Application Segments - United States In-Vitro Diagnostics Market
By Products - United States In-Vitro Diagnostics Market
By Region - United States In-Vitro Diagnostics Market
By End Users - United States In-Vitro Diagnostics Market
United States In-Vitro Diagnostics Market - Company Profiles
iGATE RESEARCH employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by iGATE Research dedicated team of qualified professionals with deep industry experience and expertise.
Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.
Secondary Research Methodologies: Printable and Non-printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.