TechNavio recognizes the following companies as the key players in the Global IVD Products and Test Market – Strategic Volume and Pricing Analysis: Abbott Laboratories, Beckman Coulter Inc., Becton Dickinson and Company, bioMerieux SA, F. Hoffmann-La Roche Ltd., Siemens Healthcare, and Veridex LLC.
Commenting on the report, an analyst from TechNavio’s team said: “Since the recession of 2008-2009, the Global IVD Products and Test market has been witnessing a significant increase in acquisitions by the global vendors. Most of the IVD vendors are acquiring small and medium companies to stay ahead of the competition. For instance, in 2010, Abbott Laboratories acquired STARLIMS Technology and Alere Inc. acquired stocks of Axis-Shield plc. In addition, Gen-Probe Inc. acquired GTI Diagnostics and Warburg Pincus LLC acquired Thoratec Corp. in 2010. These acquisitions by the leading vendors will enable them to develop a variety of offerings for the Global IVD Products and Test market, which is expected to boost their revenue during the forecast period.”
According to the report, one of the major drivers is the increased focus of the leading vendors on emerging countries such as the BRIC countries. One of the major reasons for this increased focus is the significant increase in the growth of chronic diseases in patients in these countries, which is likely to foster a demand for IVD testing.
Further, the report states that one of the major challenges is the emergence of counterfeits of the leading brands of IVD products, which are especially common in the Blood Glucose Test Strips segment. These counterfeits are likely to give incorrect blood glucose values, resulting in errors in medication dosages, thus putting patients’ lives at risk.
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. For further information on this report, please visit https://www.technavio.com/report/global-ivd-products-and-test-market-stra…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global IVD Products and Test Market – Strategic Volume and Pricing Analysis 2012-2016
