LONDON, Nov. 1, 2017 /PRNewswire/ -- The Western European in-vitro diagnostic (IVD) industry continues to expand despite global economic and industry
Frost & Sullivan's research, "Growth Opportunities in the Western European IVD Industry, Forecast to 2021," provides an analysis of current and anticipated market developments, drivers, restraints, and revenue forecasts across eight segments, including immunochemistry, molecular diagnostics, self-monitoring blood glucose meter, point-of-care testing (POCT), haematology, tissue diagnostics, haemostatic, and clinical microbiology. Market share and competitive landscape for major players including Abbott Laboratories, Beckman Coulter, Inc., F. Hoffmann-La Roche Ltd, Siemens Healthcare GmbH, ThermoFisher Scientific Inc, Becton, and Dickinson and Company are provided. The study further discusses trends impacting Western European national markets, including Germany, France, the UK, Spain, Italy, the Benelux region and Scandinavia.
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"Mergers and acquisitions continue to be an important competitive strategy to access new technologies, expand product offerings, enter emerging markets, or increase market share," noted Transformational Health Research Analyst Saravanan Thangaraj. "Further industry consolidation will occur at a rapid pace and intensify market concentration as IVD companies are acquired by larger players in the IVD sector, as well as pharmaceutical companies and non-traditional healthcare companies."
Strategic imperatives for Western Europe IVD companies to embrace include:
"Digital innovations in the IVD industry, such as digital pathology, precision medicine, and health analytics, are radically changing the care continuum in Western Europe," added Thangaraj. "Going forward, companies will combine genomic sequencing and machine learning to recommend personalised treatment options for patients."
Growth Opportunities in the Western European IVD Industry, Forecast to 2021, is part of Frost & Sullivan's Life Sciences Growth Partnership Service programme.
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Growth Opportunities in the Western European IVD Industry, Forecast to 2021MD00-55
Contact:Kristina MenzefrickeCorporate Communications Frost & Sullivan, EuropeP: +44 (0)208 996 8589E: email@example.com://www.frost.com
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