DUBLIN, May 17, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "IVD Market in Europe 2016-2020" report to their offering.
The IVD market in Europe to grow at a CAGR of 4.78% during the period 2016-2020
The report covers the present scenario and the growth prospects of the IVD market in Europe for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of IVD consumables and instruments in EU27 countries. The report also includes a discussion of the key vendors operating in this market.
Government healthcare systems, such as the National Health Service in the UK, are emphasizing on the efficiency and sustainability of treatment options to improve patient outcome. This is compelling medical facilities to adopt advanced technologies for early diagnosis and prevention of diseases, to help reduce the duration of hospital stays and treatment costs. Immunodiagnostics are reliable and efficient testing devices with a high degree of sensitivity to pathogens and abnormal DNA. These devices offer shorter turnaround time and higher productivity, and are easy to operate.
According to the report, the governments of countries in Europe are compelling hospitals and healthcare centers to lower medical expenses without compromising on the quality of treatment. These medical facilities are also required to improve patient outcomes. This has led medical facilities in Europe to implement measures to enable early diagnosis and prevention of diseases to reduce hospital stays and treatment expenses, as well as overall healthcare expenditure.
Further, the report states that intense competition among vendors and SMEs lead to price wars and reductions in the average selling price of IVD.
- Abbott Laboratories
- Beckman Coulter, Inc
- Becton, Dickinson and Company
- F. Hoffmann-La Roche Ltd
- Siemens Healthcare GmbH
- Thermo Fisher Scientific Inc
Other prominent vendors
- A. Menarini Diagnostics
- Acon Laboratories
- Bio-Rad Laboratories
- Cepheid - Chembio Diagnostic Systems
- Clarity Diagnostics
- Helena Laboratories
- Landwind Medical
- Nipro Diagnostics
- Randox Laboratories
- Snibe Diagnostics
- Span Diagnostics
- Trivitron Healthcare
For more information visit http://www.researchandmarkets.com/research/s37mcg/ivd_market_in
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SOURCE Research and Markets