About Professional Diagnostics
The range of diseases which affect and afflict humans continues to hamper development in many parts of the world. From communicable diseases to non-communicable diseases, genetic diseases to lifestyle-related and behavioural diseases, those induced by hardship and by poverty to those induced by affluence, and those which result from natural and man-made disasters. The professional diagnostic services provide physicians with a wide range of tools to help in their decision-making regarding appropriate treatment of all types of disease for their patients. At the same time, health technology is becoming more and more sophisticated throughout the world, containing many parts of the developing world. However, the professional diagnostics, whether by laboratory services or imaging services, becomes more expensive every year.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
CAGR | 6.8% |
Analyst at AMA Research estimates that European Players will contribute the maximum growth to Global Professional Diagnostics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are DiagCor Bioscience Incorporation Limited (Hong Kong), Drucker Diagnostics (United States), EKF Diagnostics (United Kingdom) and Erba Diagnostics (United States).
Segmentation Overview
AMA Research has segmented the market of Global Professional Diagnostics market by Type (Immunochemistry, Clinical Microbiology, Point of Care Test (POCT), Haematology and Haemostasis), Application (Hospitals, Diagnostic Laboratories and Others) and Region.
On the basis of geography, the market of Professional Diagnostics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Prescription Mode, the sub-segment i.e. Prescription-Based Testing will boost the Professional Diagnostics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Leasing and Renting of Professional Diagnostics Instruments and Growing Incidence of Target Diseases
Market Growth Drivers:
Increasing Focus on Diagnosing Life-Threatening Conditions and High Prevalence of Infectious Diseases in Developing Nations
Challenges:
High Cost of Devices
Restraints:
Stringent and Time-Consuming Regulatory Policies
Opportunities:
Technological Advancements and New Product Launches and Growing Governmental Support
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.
Under the Medical Device User Fee and Modernization Act (MDUFMA), medical device companies pay fees to the FDA when they register their establishments and list their devices with the agency, whenever they submit an application or a notification to market a new medical device in the U.S. and for certain other types of submissions. These fees help the FDA increase the efficiency of regulatory processes with a goal of reducing the time it takes to bring safe and effective medical devices to the U.S. market.
Key Target Audience
Professional Diagnostics Service Providers, Manufacturers of Diagnostic Instruments, Suppliers of Diagnostic Instruments, Healthcare Industry, Governmental Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.