NA Diagnostics Tests Market - Industry Trends and Forecast to 2035
The North America diagnostic tests market is projected to register a CAGR of 8.3% in the forecast period of 2024 to 2031. The market is expected to reach USD 216,019,496.61 thousand by 2031 from USD 116,420,468.19 thousand in 2023.
Market SegmentationNorth America Diagnostic Tests Market, By Type (Routine Tests and Specialized Tests), Component (Services and Products), Technology (Immunoassay-Based, PCR-Based, Next Gen Sequencing, Spectroscopy-Based, Chromatography-Based, Microfluidics, and Others), Mode of Testing (Prescription-Based Testing and OTC Testing), Application (Oncology, Cardiology, Orthopedics, Gastroenterology, Gynecology, Neurology, Odontology, and Others), Sample Type (Blood, Urine, Saliva, Sweat, Hair, and Others), Testing Site (Laboratory Based Testing and At Home Testing), Testing Type (Biochemistry, Hematology, Microbiology, Histopathology, and Others), Age (Geriatric, Adult, and Pediatric), End Users (Hospitals, Diagnostic Center, Ambulatory Surgical Centers (ASCs), Specialty Clinics, Homecare, Blood Banks, Research Labs & Institutes, and Others), Distribution Channel (Direct Tenders, Retail Sales, and Online Sales), Country (U.S., Canada, and Mexico) - Industry Trends and Forecast to 2030
Overview of the North America Diagnostic Tests Market Dynamics
Drivers
• Increasing prevalence of chronic disease
• Rising number of IVD tests conducted across the globe
Restraints
• High cost of kits
• Non-availability of relevant and unappropriated kits
Opportunities
• Strategic initiatives by the market players
• Expanding business through subsidiaries
Market PlayersSome of the major players operating in the North America diagnostic tests market are:• F. Hoffmann-La Roche Ltd
• Abbott
• Danaher
• Siemens Healthineers AG
• BD
• Thermo Fisher Scientific Inc.
• Bio-Rad Laboratories, Inc.
• EKF Diagnostics
• ACON Laboratories, Inc.
• BIOMEDOMICS INC.
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