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In-Vitro Diagnostics Quality Control Market Forecast to 2026 published by leading research firm

April 2, 2019 by Robson Tolson  

The latest market report published by Credence Research, Inc. “In-Vitro Diagnostics Quality Control Market - Growth, Future Prospects, Competitive Analysis, 2018 - 2026,” the global in-vitro diagnostics quality control market was valued at US$ 854.0 Mn in 2017 and expected to grow at compound annual growth rate (CAGR) of 3.9% during the forecast period from 2018 to 2026. 

Market Insights

The global in-vitro diagnostics quality control market is projected to grow at a steady rate during the forecast period. The major reason for the growth of the market includes growing applications of in-vitro diagnostics and point-of-care diagnostics for various diseases such as chronic diseases, infectious diseases and oncology testing. Quick testing and accurate results have positioned in-vitro diagnostics testing in modern healthcare. In-vitro diagnostics fall under medical devices category and hence Food and Drug Administration (FDA), Medicines and Healthcare Products Regulatory Agency (MHRA) and other regulatory bodies have implemented stringent regulatory process for maintaining the standard quality and safety of the testing systems. This factor is the major growth driver for in-vitro diagnostics quality control market. Increasing number of clinical and diagnostics laboratories worldwide is also influencing the market growth. In terms of application, the market is led by clinical chemistry owing to growing application in chronic diseases, most prominently in cancer treatment and cardiovascular treatment. Immunochemistry also held a prominent share in the market due to urgent requirement for novel drug discovery and increasing physician awareness regarding disease etiology will propel market penetration for immunochemistry segment.

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In terms of geography, North America accounted for the maximum share of in-vitro diagnostics quality control market. North America is a domicile to major diagnostic laboratories and service providers. The U.S. FDA and Health Canada have designed stringent quality control policies for IVD to maintain the safety and accuracy of the tests. Growing government funded research and development to cater burden of diseases will further drive the market in the region. Asia Pacific emerged as the fastest growing region owing to growing usage of IVD testing and rising applications in the region. Surge in contract manufacturing and research for drug discovery and clinical chemistry in the region will drive market. Growing healthcare infrastructure and high unmet needs is attributable to growth of the market. Asia Pacific Federation of Clinical Biochemistry and Laboratory Medicine supports the growth of IVD and assures accuracy and safety of the testing systems.

The key players currently engaged in In-vitro diagnostics quality control market include Siemens Healthineers, Thermo Fisher Scientific, Inc., Roche Diagnostics, Bio-Rad Laboratories, Inc., Abbott Laboratories, Inc., Seracare Life Sciences, Inc., Sysmex Corporation, Helena Laboratories, Sun Diagnostics, LLC among others.

Key Market Movements:

  • Growing burden of chronic disorders, cancer and infectious diseases globally driving the demand for in-vitro diagnostics quality control
  • Stringent regulatory policies for maintaining the accuracy and safety of the IVD tests
  • Growing diagnostic laboratories across the world will drive the demand for IVD quality control

For More Inquiry: https://www.credenceresearch.com/inquiry-before-buying/59637

About Us

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.

Registered Office Address:

1.       Credence Research Limited
Kemp House 160 City Road
London
EC1V 2NX
United Kingdom

2.       Credence Research Inc.
105 N 1st ST #429 
SAN JOSE 
CA 95103
United States

Toll Free (US/CANADA): +1-800-361-8290

sales@credenceresearch.com

Global Pharmacy Benefit Management Market set to grow according to forecasts

March 25, 2019 by Robson Tolson  

The latest market report published by Credence Research, Inc. “Pharmacy Benefit Management Market- Growth, Future Prospects, Competitive Analysis, 2018 - 2026,” the global pharmacy benefit management market was valued at US$ 405.4 Bn in 2017 and expected to grow at compound annual growth rate (CAGR) of 5.4% during the forecast period from 2018 to 2026. 

Market Insights 

The global pharmacy benefit management market is projected to grow at a steady rate during the forecast period. The pharmacy benefit management reduce cost of prescription drugs and increase safety and convenience for consumers, government, unions, pharmaceutical companies and pharmacies. PBMs are playing a significant role in the establishment of swift access of pharmaceutical products to patients at a lower rate, acting as the major driver for the growth of the market. Mergers and acquisition in the market are leading to vertical integration driving the market. Partnerships between PBMs and health insurance companies have dramatically changed the dynamics of the market. In 2018, Cigna Corp acquired Express Scripts Holdings at US$ 67 Bn to become the largest pharmacy benefit management company. It was followed by CVS Health acquiring Aetna, Inc. The major reason for alliance with insurance companies includes personalized and affordable healthcare plans for the patients and improved co-ordination with healthcare professionals.

Browse full report https://www.credenceresearch.com/report/pharmacy-benefit-management-market

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In terms of geography, North America accounted for the largest market for pharmacy benefit management market owing to the majority of market players domiciled in the region. Highly organized insurance sector and healthcare policies in the region makes the market most lucrative. Moreover, presence of major pharmaceutical companies in the North America and major dependency of these companies on PBMs for better access in the market will drive the demand for pharmacy benefit management services. Emerging economies will experience fastest growth rate during the forecast period owing to developing healthcare infrastructure. The pharmacy benefit management companies have huge opportunities in these market owing to high target population, unorganized price and insurance structure making it highly attractive market to invest. The key players currently engaged in pharmacy benefit management market include CVS Health, Express Scripts Holding Company, Cigna, Anthem, Optumrx, Inc., Walgreens Boots Alliance, Inc., and Rite Aid Corp. among others.

Key Market Movements:

  • Mergers and acquisition in the market to drive the market during the forecast period
  • High opportunity in emerging regions owing to high target population and lower competition

Get Sample (Free) @ https://www.credenceresearch.com/sample-request/59632

On Market Watch: https://www.marketwatch.com/press-release/pharmacy-benefit-management-market-2018-2026-size-share-and-forecast-credence-research-2019-03-20

About Us: Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.

Contact Us:

Credence Research Inc.

105 N 1st ST #429

SAN JOSE

CA 95103

United States

Toll Free (US/CANADA): +1-800-361-8290

Electrical Conduit Fittings Market is set to exhibit a CAGR of 6.7% during the forecast period from 2018 to 2026

March 14, 2019 by Robson Tolson  

According to a new market research report published by Credence Research “Electrical Conduit Fittings Market (Product Type – Clamps, Couplings, Connectors, Elbows, Nipples & Reducers, Bushing, Locknuts, Caps, Hubs and Others; Material – Metallic and Non-metallic) – Growth, Future Prospects and Competitive Analysis, 2018 - 2026”, the global electrical conduit fittings market is set to exhibit a CAGR of 6.7% during the forecast period from 2018 to 2026.

Browse the full report at https://www.credenceresearch.com/report/electrical-conduit-fittings-market

Market Insights

Electrical conduit fittings form an integral part of wiring installation across numerous applications due to dominant use of conduit systems. Electrical conduit systems are the most common type of wiring installation worldwide. Subsequently, growing consumption of conduit systems forms the most significant factor driving the fittings market globally. The market is highly driven by the consistently growing construction industry worldwide across residential, commercial and industrial sectors. Due to high degree of safety, electrical conduit systems remain the preferred choice for wiring installation, thereby supporting the adjacent fittings market.

Another major factor supporting the market growth is wide range of fitting products available in the market. Over the period, manufacturers have developed numerous fitting products in conjunction to different types of electrical conduit systems. Nevertheless, growing use of cable trays/ladders pose a major threat to the electrical conduit fittings market. Although used for limited number of applications, cable trays/ladders eliminate need for any conduit fittings. Thus, rise in adoption of cable trays/ladders may have significant impact on electrical conduit fittings market growth.

The overall electrical conduit fittings market worldwide is categorized based on product type, material and geography. On the basis of material, the metallic conduit fittings segment lead the market with nearly 60% of the total revenue generated globally. This is due to higher cost of metallic fittings as compared non-metallic counterparts. However, it should be noted that in terms of volume, non-metallic fittings segment lead the market. Further, on the basis of geography, North America dominates the electrical conduit fittings market, closely followed by Asia Pacific. Considering the paced construction industry growth here, Asia Pacific is set to exhibit the fastest growth rate in the market through the forecast period.

Electrical conduit fittings market is highly fragmented in nature due to presence of large number of regional as well as international players. Apart from conduit system manufacturers, the market comprises various small sized players having only fittings as their business segment. Some of the major companies profiled in the report include Arlington Industries, Atkore International, Inc., Calpipe Industries, Inc., Dura-Line Corporation, Eaton Corporation Plc. (Cooper Industries), HellermannTyton Group Plc., Hubbell, Inc., Legrand SA, Robroy Industries, Inc., Schneider Electric SE, Southwire Company LLC and Thomas & Betts Corporation among others.