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Global Professional Diagnostics Market to grow at a CAGR of 6.76% during the period 2016-2020.

Press release   •   Nov 15, 2016 02:15 EST

About Professional Diagnostics

The global professional diagnostics market is expected to grow at a high rate in the forecast period. Factors such as increasing aging population and rise in incidence and prevalence of chronic diseases and infections are driving the market. Cancer, tuberculosis, malaria, diabetes, and cardiovascular diseases are the main factors for the increasingly diagnosed population. In addition, increasing public awareness, rapid technological innovations, product approvals from regulatory authorities, and new product launches are expected to have a positive impact on the market over the next few years.

Technavios analysts forecast the Global Professional Diagnostics Market to grow at a CAGR of 6.76% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global professional diagnostics market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of in-vitro diagnostics (IVD) instruments.

The market is divided into the following segments based on geography:




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Technavio's report, Global Professional Diagnostics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Abbott Diagnostics


Roche Diagnostics

Siemens Healthcare

Thermo Fisher Scientific

Other prominent vendors

A&T Corporation

Menarini Diagnostics



Accriva Diagnostics

Acon Laboratories


Ahram Biosystem




Bio-Rad Laboratories



Chembio Diagnostic Systems

Clarity Diagnostics



Drucker Diagnostics

EKF Molecular Diagnostics

Erba Diagnostics

Green Cross Medis

Helena Laboratories



Instrumentation Laboratory


Landwind Medical


Nihon Kohden

Nipro Diagnostics

Randox Laboratories

Sekisui Medical


Sinduri Biotec

Snibe Diagnostics


Trivitron Healthcare

Market driver

Growing focus on diagnosing life-threatening conditions boosts POCT segment.

For a full, detailed list, view our report

Market challenge

Industry consolidation posing threat to new entrants.

For a full, detailed list, view our report

Market trend

Renting and leasing of professional diagnostics instruments.

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?