Strategic analysis of the IVD market in North America and future scenarios
According to a new report released by Allied Market Research, titled “North America IVD Market by Product Type, Techniques, Application, and End Users: Global Opportunity Analysis and Industry Forecast, 2017-2023The report provides detailed analysis of changing market dynamics, major segments, value chain, key investment pockets, regional scenario and competitive landscape.
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The North American IVD market was valued at $ 20,886 million in 2016 and is expected to reach $ 27,820 million by 2023, with a CAGR of 4.1% from 2017 to 2023. In vitro diagnostics are devices used to examine biological samples such as blood, urine, stool, tissue and other bodily fluids. Tests can be performed in a stand-alone laboratory and in a hospital laboratory. Some of the important technologies incorporated into in vitro diagnostics include polymerase chain reaction, microarray techniques, sequencing technology, and mass spectrometry, which are used for the preparation of test samples.
It is analyzed in the United States, Canada and Mexico. The United States was the largest contributor to income in 2016. This is attributed to high spending on healthcare, a well-established healthcare system, and high incidence of chronic disease. However, Mexico is expected to experience the highest CAGR during the analysis period, due to increased health spending, increased per capita income, and improved health infrastructure.
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The immunodiagnostics segment contributed the highest market share in 2016, due to the increase in the prevalence of chronic diseases and the increased awareness of the population about personalized medicine.
Key Findings of the North American IVD Market:
• The reagents segment dominated the market in 2016 and is expected to grow at a CAGR of 3.1%.
• The immunodiagnostic segment accounted for the highest share in 2016.
• The infectious diseases segment was the main shareholder in 2016.
• The stand-alone laboratory segment accounted for the highest share in 2016.
• The United States was the largest shareholder in 2016.
• Mexico is expected to grow at the highest CAGR in the market.
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Other trend reports:
IVD market in Romania
In vitro diagnostics market
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Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help clients make strategic business decisions and achieve sustainable growth in their respective market areas. AMR offers its services in 11 verticals, including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverage, Energy & Electricity, semiconductors and electronics, automotive and transportation, ICT and media, aerospace and defense and BFSI.
We have professional relationships with various companies which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Allied Market Research CEO Pawan Kumar helps inspire and encourage everyone associated with the business to maintain high quality data and help customers in every way possible to be successful. Each of the data presented in the reports we publish is taken from primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.
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