Key vendors to focus on renting and leasing of most costly professional diagnostics
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global professional diagnostics market in their latest research report. This report also lists 38 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated from the sales of in-vitro diagnostics (IVD) instruments.
This Technavio report, under the in-vitro diagnostics vertical, is based on the synthesis, analysis, and interpretation of information about the global professional diagnostics market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The global market for professional diagnostics is highly fragmented in nature due to intense competition among vendors in the market space. The vendors, both small and large, form partnerships to develop new products and enhance competitiveness. In January 2015, Roche Diagnostics and Foundation Medicine collaborated to strengthen the progress of personalized treatment for people with cancer. Vendors are also undergoing strategic alliances to develop and market test strips and blood glucose meters. The market presents significant opportunities for new players.
“Renting and leasing of most costly professional diagnostics is an effective and convenient purchasing alternative for end-users with limited budgets. End-users, in turn, exclusively use the reagents and consumables of the company that the instruments are purchased from. They increase the flexibility and provide tax benefits to improve the business of manufacturers. Currently, around 70% to 80% of the end-users in the in-vitro diagnostics services lease professional diagnostics,” says Amber Chourasia, a lead analyst at Technavio for research on in-vitro diagnostics.
Top five vendors in the professional diagnostics market space
Abbott Diagnostics
Abbott Diagnostics engages in the development, manufacture, and marketing of a wide range of healthcare products. The company distributes products through its hematology segment. The company also offers hematology systems in the professional diagnostics market in the brand name of CELL-DYN.
Key products: CELL-DYN Sapphire, CELL-DYN Ruby, CELL-DYN Emerald 22, CELL-DYN Emerald, CELL-DYN SMS slidemaker/stainer, and PathFinder 350S.
Danaher Corporation
Danaher Corporation designs, manufactures, and markets a wide range of medical, commercial, professional, and industrial products and services. The company conducts operations in five divisions including test and measurement, environmental, life sciences and diagnostics, dental, and industrial technologies. Under these divisions, the company offers testing instruments, communications solutions, water quality systems, diagnostics solutions, professional microscopes, dental products, product identification solutions, automation, sensors, and controls solutions.
Key products: DxH 500, DxN VERIS System, UniCel DxH 600, UniCel DxH 801, MicroScan WalkAway plus systems, Copan WASPLab system, Bruker MALDI Biotyper system, and UniCel DxC 600i Synchron Access clinical systems.
Roche Diagnostics
Roche Diagnostics, a subsidiary of F. Hoffmann-La Roche, is a provider of professional diagnostic devices and services. The company’s products are used to test body fluids and tissues for the diagnosis, prevention, and treatment of diseases. In 2015, the sales of IVD products grew by 6%. The main contributors are Asia-Pacific with a 15% share followed by EMEA with 4%. It also provides Cobas, Elecsys, Roche CARDIAC Trop T Sensitive, and Gen. 2 for cardiac markers testing. Cobas and Elecsys are popular for infectious diseases testing and CoaguChek, Coasys, and Multiplate for coagulation testing.
Key products: cobas 4000 analyzer series, cobas 8000 modular analyzer series, Elecsys vitamin D total, Elecsys NT-proBNP, Tina-quant cystatin C Gen.2, Elecsys calcitonin, Elecsys anti-HCV II, Elecsys syphilis, Elecsys HBsAg II, cobas b 123 POC system, cobas t 411 coagulation analyser, RISTOtest, and TRAPtest.
Siemens Healthcare
Siemens Healthcare manufactures a wide range of medical imaging and laboratory diagnostic equipment and tools. The company also offers solutions for laboratory diagnostics, medical imaging, healthcare IT, and hearing instruments. It also provides technical maintenance and professional and consulting services. It operates as a subsidiary of Siemens. In March 2015, the company announced the opening of a new healthcare unit in Germany by May 2015, which focuses on molecular biology and biotechnology products.
Key products: ADVIA 120 haematology system, CellaVision DM1200 digital cell morphology system, Hematek 3000 system, ADVIA 360 haematology system, ADVIA 560 and 560 AL haematology systems, Sysmex CS-5100 system, and BCS XP system.
Thermo Fisher Scientific
Thermo Fisher Scientific offers analytical instruments, reagents and consumables, equipment, software, and services for manufacturing, research, analysis, drug discovery, clinical diagnostics, molecular diagnostics, immunodiagnostics, and microbiology. The company serves its customers through its premier brands, which include Applied Biosystems, Invitrogen, Thermo Scientific, Fisher Scientific, and Unity Lab Services. The company has operational presence in more than 50 countries.
Key products: Ion PGM Dx instrument system, Endura MD mass spectrometer, Indiko plus clinical and specialty chemistry system, Phadia 100 immunoassay analyzers, Phadia 1000 immunoassay analyzers, and Phadia 2500 immunoassay analyzers.
Other prominent vendors in this market include 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.
A more detailed analysis is available in the Technavio report, Global Professional Diagnostics Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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