The Europe IVD market is expected to reach over USD 15.5 billion by 2024 according to a new report by Grand View Research, Inc. This expected increase in the demand is ascribed to the presence of novel and promising technologies in clinical laboratories, such as the introduction of Troponin T test by Roche Diagnostics in May, 2011.
Persistent research and development efforts made to introduce automation in laboratories that perform analytical testsare projected to propel the market growth over the forecast period. Clinical laboratory operations require automated analyzers to cope with the large test volumes,which enhance the overall operational workflow. It minimizes the need for dedicated operator training andnegates the risk of human errors. In addition, the rising demand for portable and handheld IVD devicesis one of the major factors pushing forward the growth of the market.
The increasing prevalence of chronic diseases, such as diabetes, cancers, and cardiac dysfunctions and the rising geriatric population coupled with the rising awareness towards early diagnosis in low-income countries, such as Bulgaria, Finland, Malta, and Estoniaare the potential drivers of the Europe IVD market.
Browse full research report on Global Europe In Vitro Diagnostics (IVD) Market: http://www.grandviewresearch.com/industry-analysis/europe-in-vitro-diagnostics-ivd-market
Further key findings from the study suggest:
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/biotechnology
Grand View Research has segmented the Europe IVD market on the basis of product, technology, application, test location, and region:
Europe In-Vitro Diagnostics (IVD) Market, by Product (USD Million), 2013 - 2024
Europe In-Vitro Diagnostics (IVD) Market, by Technique (USD Million), 2013 - 2024
Europe In-Vitro Diagnostics (IVD) Market, by Application (USD Million), 2013 - 2024
Europe In-Vitro Diagnostics (IVD) Market, by End-use (USD Million), 2013 - 2024
Europe In-Vitro Diagnostics (IVD) Market, by Country (USD Million), 2013 - 2024
Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/europe-in-vitro-diagnostics-ivd-market-analysis
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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