Thursday, 24 November 2016

Global Professional Diagnostics Market Research Report 2016-2020


Technavio Announces the Publication of its Research Report Global Professional Diagnostics Market 2016-2020

Technavio recognizes the following companies as the key players in the global professional diagnostics market: Abbott Diagnostics, Danaher, Roche Diagnostics, Siemens Healthcare, and Thermo Fisher Scientific.

Other prominent vendors in the market are: A&T, A. Menarini Diagnostics, Abaxis, Abcam, Accriva Diagnostics, Acon Laboratories, Affymetrix, Ahram Biosystem, ARKRAY, AsuraGen, Biocartis, Bio-Rad Laboratories, CellaVision, Cepheid, Chembio Diagnostic Systems, Clarity Diagnostics, Corgenix, DiagCor, Drucker Diagnostics, EKF Molecular Diagnostics, Erba Diagnostics, GREEN CROSS MEDIS, Helena Laboratories, Hologic, HORIBA, Instrumentation Laboratory, i-Sens, Landwind Medical, Mindray, Nihon Kohden, Nipro Diagnostics, Randox Laboratories, Sekisui Medical, Sienco, Sinduri Biotec, Snibe Diagnostics, Stago, and Trivitron Healthcare.

Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is launch of novel tests in lung and colon cancer influencing the market growth of PD devices. Targeted genetic testing for cancer that is available to molecular pathologists is a unique combination of ease of use, cost-effectiveness, reliability, and sensitivity. Multiplexed assays reduce the cost and turnaround time compared with existing methods by allowing the user to simultaneously analyze the relevant oncogenes. The two test panels help in personalizing treatment and improving patient care with rapid analysis of clinically actionable mutations occurred in lung and colon cancer.”

According to the report, one of the primary drivers in the market is increasing industrial partnerships driving the growth of the market. Companies of different financial caliber compete in the medical devices, which includes professional diagnostics devices. Some are more specialized with respect to particular markets, and others have higher financial resources. New companies have entered the areas of blood coagulation, safety-engineered devices, and life sciences. Established companies have broadened their business activities into medical technology. These initiatives aim to leverage each other’s unique selling propositions (USPs), such as strong customer bases, technology and strong financial and R&D capabilities. This has resulted in many partnerships between companies to increase their market share. 

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Further, the report states that one major challenge in the market is professional challenges in clinical microbiology and infectious diseases in Europe. The two closely linked specialties of clinical microbiology and infectious diseases face important challenges. Both specialties have different training requirements in different European countries and are not universally recognized as professions. The specialties are rapidly evolving as they adapt to the changing demands within hospital practice, including the need to deal with emerging infections, rapidly increasing internationalization, and immigration. Clinical microbiology needs to develop and master technological advances such as laboratory automation and an avalanche of new methods for rapid diagnostics. Simultaneously, the pressure for concentration, amalgamation, and the outsourcing of laboratory services is ever-increasing.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. 

About Professional Diagnostics

The global professional diagnostics market is expected to grow at a high rate in the forecast period. Factors such as increasing aging population and rise in incidence and prevalence of chronic diseases and infections are driving the market. Cancer, tuberculosis, malaria, diabetes, and cardiovascular diseases are the main factors for the increasingly diagnosed population. In addition, increasing public awareness, rapid technological innovations, product approvals from regulatory authorities, and new product launches are expected to have a positive impact on the market over the next few years.

Technavio’s analysts forecast the global professional diagnostics market to grow at a CAGR of 6.76% during the period 2016-2020.

Covered in this report 
The report covers the present scenario and the growth prospects of the global professional diagnostics market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of in-vitro diagnostics (IVD) instruments.

The market is divided into the following segments based on geography: 
• Americas
• APAC
• EMEA

Technavio's report, Global Professional Diagnostics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
• Abbott Diagnostics
• Danaher
• Roche Diagnostics
• Siemens Healthcare
• Thermo Fisher Scientific

Other prominent vendors 
• A&T Corporation
• Menarini Diagnostics 
• Abaxis
• Abcam
• Accriva Diagnostics
• Acon Laboratories 
• Affymetrix
• Ahram Biosystem
• ARKRAY
• AsuraGen
• Biocartis
• Bio-Rad Laboratories 
• CellaVision
• Cepheid 
• Chembio Diagnostic Systems 
• Clarity Diagnostics 
• Corgenix
• DiagCor 
• Drucker Diagnostics
• EKF Molecular Diagnostics
• Erba Diagnostics
• Green Cross Medis
• Helena Laboratories 
• Hologic 
• HORIBA
• Instrumentation Laboratory
• i-Sens 
• Landwind Medical 
• Mindray 
• Nihon Kohden
• Nipro Diagnostics 
• Randox Laboratories 
• Sekisui Medical
• Sienco
• Sinduri Biotec
• Snibe Diagnostics 
• Stago
• Trivitron Healthcare

Market driver 
• Growing focus on diagnosing life-threatening conditions boosts POCT segment.
• For a full, detailed list, view our report 

Market challenge 
• Industry consolidation posing threat to new entrants.
• For a full, detailed list, view our report 

Market trend 
• Renting and leasing of professional diagnostics instruments.
• For a full, detailed list, view our report 

Key questions answered in this report 
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors? 


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