The article cited AMA's Global Professional Diagnostics Market Study explored substantial growth with CAGR of 6.8%. According the report, Leasing and Renting of Professional Diagnostics Instruments
is one of the primary growth factors for the market. Increasing Focus on Diagnosing Life-Threatening Conditions
is also expected to contribute significantly to the Professional Diagnostics market. Overall, Hospitals
applications of Professional Diagnostics, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Roche Diagnostics (Switzerland), Siemens Healthineers (Germany), A. Menarini Diagnostics (Italy), ARKRAY, Inc. (Japan), Abaxis, Inc. (United States), Abbott Diagnostics (United States), Bio-Rad Laboratories (United States), Biocartis (Belgium), CellaVision (Sweden) and Cepheid (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The Prescription Mode, such as Prescription-Based Testing, is boosting the Professional Diagnostics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Professional Diagnostics market identified that the demand is rising in many different parts of the world as "Technological Advancements and New Product Launches
". Furthermore, some recent industry insights like "On Feb 5, 2019 - The CellaVision® DC-1 strengthens the company's global position and opens a new segment of the market comprising about 100,000 small and mid-sized laboratories." is constantly making the industry dynamic. One of the challenges that industry facing is "High Cost of Devices"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Professional Diagnostics market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Professional Diagnostics market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Professional Diagnostics market tight? Which application/end-user category or Product Type [Immunochemistry, Clinical Microbiology, Point of Care Test (POCT), Haematology and Haemostasis] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Professional Diagnostics market and other related sub-markets covered in the study.
o Key & emerging players in the Professional Diagnostics market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Professional Diagnostics market size is calculated using market estimation process, the Professional Diagnostics market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Professional Diagnostics market size has been validated using both top-down and bottom-up approaches.