In Vitro Diagnostics IVD Market Size, Share, Analysis Report

Global In Vitro Diagnostics IVD Market By Product Analysis (Reagents, Instruments, Software & Services); By Technique Analysis (Immunodiagnostics, Blood Testing, Molecular Diagnostics, Tissue Diagnostics, Clinical Chemistry); By Application Analysis (Infectious Diseases, Cancer, Cardiac Diseases, Immune System Disorders, Nephrological Diseases, Gastrointestinal Diseases) By End User Analysis (Standalone Laboratory, Hospitals, Academic & Medical Schools, Point of Care) and By Regional Analysis – Global Forecast by

The Global In Vitro Diagnostics IVD Market is expected to be around US$ 97.4 billion by 2027 and will grow at a CAGR of more than 5% in the given forecast period.

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MARKET SNAPSHOT

Major Players

  • Affymetrix Inc
  • AlereInc
  • Biomerieux
  • Danaher Corporation
  • Roche Diagnostics
  • Study period:

    2022-2027

    Base Year:

    2021

    CAGR:

    5

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    In vitro diagnostics (IVD) is the approach in which scientific devices and reagents are used to take a look at specimens.  Such as blood, urine, stool, tissues and other frame fluids, which can be derived from the human body to detect illnesses, situations and infections? The tests can be carried out in hospitals, standalone laboratory based lab. Number of the giant technology included in vitro diagnostics include polymerase chain reaction (pcr), sequencing technology, microarray techniques and mass spectrometry, which might be used for take a look at sample instruction. Incessant improvements in IVD product design and generations have endorsed medical doctors and researchers to shift their awareness from traditional diagnostic strategies to customized drug treatments.
      
    How Big is the Global In Vitro Diagnostics IVD Market?
     
    The Global In Vitro Diagnostics IVD Market is expected to be around US$ 97.4 billion by 2027 and will grow at a CAGR of more than 5% in the given forecast period.

    The major driving factors of Global In Vitro Diagnostics IVD Market are as follows:

    •    Increasing demand for technically advanced diagnostic devices 
    •    Technical expansion to develop high sensitivity point of care hematology testing 
    •    Improved disposable income of customers gives high expansion potential for IVD market
     
    The restraining factors of Global In Vitro Diagnostics IVD Market are as follows:
     
    •    Strict government rules
    •    Inauspicious reimbursement policies
     
    The Global In Vitro Diagnostics IVD Market is segmented on the lines of its product, technique, application, end user and regional. Based on product segmentation it covers reagents, instruments and software & services. Technique segmentation is further classified into immunodiagnostics, blood testing, molecular diagnostics, tissue diagnostics, clinical chemistry and other IVD techniques. Immunodiagnostics is classified into enzyme-linked immunosorbent assay, enzyme-linked immunospot, rapid tests, western blot and radioimmunoassay. Under molecular diagnostics segmentation it covers polymerize chain reaction, hybridization, isothermal nucleic acid technology, microarray, DNA diagnostics and others. Clinical Chemistry is segmented into basic metabolic panel, lipid profile, liver panel, electrolyte panel, thyroid function panel and specialty chemicals. Based on application segmentation it covers infectious diseases, cancer, cardiac diseases, immune system disorders, nephrological diseases, gastrointestinal diseases and other indications. Under end user segmentation it covers standalone laboratory, hospitals, academic &medical schools, point of care and others. The Global In Vitro Diagnostics IVD Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
     
    This report provides:

    1) An overview of the global market for In Vitro Diagnostics IVD and related technologies.
    2) Analyses of global market trends, with data from 2019, estimates for 2020 and 2021, and projections of compound annual growth rates (CAGRs) through 2027.
    3) Identifications of new market opportunities and targeted promotional plans for In Vitro Diagnostics IVD.
    4) Discussion of research and development, and the demand for new products and new applications.
    5) Comprehensive company profiles of major players in the industry. 
     
    REPORT SCOPE: 
     
    The scope of the report includes a detailed study of global and regional markets for Global In Vitro Diagnostics IVD Market with the reasons given for variations in the growth of the industry in certain regions.
     
    The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Affymetrix, Inc., AlereInc, Biomerieux, Danaher Corporation., Roche Diagnostics, Becton Dickinson and Company, Bio-Rad Laboratories, Inc., Abbott Laboratories, Bayer AG., Arkray, Inc., Sysmex Corporation, Johnson & Johnson Pvt. Ltd. And Siemens AG. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments. 
     
    The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
      
    The Global In Vitro Diagnostics IVD Market has been segmented as below:
    By Product Analysis

    •    Reagents 
    •    Instruments 
    •    Software & Services

    By Technique Analysis

    •    Immunodiagnostics 
        o    Enzyme-Linked Immunosorbent Assay (ELISA)
        o    Enzyme-Linked ImmunoSpot (ELISPOT)    
        o    Rapid Tests
        o    Western blot
        o    Radioimmunoassay (RIA)
    •    Blood Testing
    •    Molecular Diagnostics
        o    Polymerize Chain Reaction (PCR)
        o    Hybridization
        o    Isothermal Nucleic Acid Technology (INAAT)
        o    Microarray
        o    DNA diagnostics
        o    Others
    •    Tissue Diagnostics
    •    Clinical Chemistry 
        o    Basic metabolic panel
        o    Lipid profile
        o    Liver panel
        o    Electrolyte panel
        o    Thyroid function panel
        o    Speciality chemicals
    •    Other IVD Techniques

    By Application Analysis

    •    Infectious Diseases
    •    Cancer
    •    Cardiac Diseases
    •    Immune System Disorders
    •    Nephrological Diseases 
    •    Gastrointestinal Diseases
    •    Other Indications
    By End User Analysis

    •    Standalone Laboratory
    •    Hospitals
    •    Academic & Medical Schools
    •    Point of Care
    •    Others 

    By Regional Analysis

    •    North America
    •    Europe
    •    Asia-Pacific
    •    Rest of the World

    Reasons to Buy this Report: 

    1) Obtain the most up to date information available on all Global In Vitro Diagnostics IVD Market.
    2) Identify growth segments and opportunities in the industry.
    3) Facilitate decision making on the basis of strong historic and forecast of Global In Vitro Diagnostics IVD Market data.
    4) Assess your competitor’s refining portfolio and its evolution.

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    1    INTRODUCTION    
       1.1    Key Take Aways    
        1.2    Report Description    
        1.3    Markets Covered    
        1.4    Stakeholders    
        1.5    Research Methodology    
            1.5.1    Market Size    
            1.5.2    Market Share    
            1.5.3    Key Data Points From Secondary Sources    
            1.5.4    Key Data Points From Primary Sources

    2 Research Methodology (Page No. – 24)
        2.1 Research Data
               2.1.1 Secondary Data
                        2.1.1.1 Key Data From Secondary Sources
               2.1.2 Primary Data
                        2.1.2.1 Key Data From Primary Sources
                        2.1.2.2 Key Industry Insights
        2.2 Market Size Estimation
        2.3 Market Breakdown and Data Triangulation
        2.4 Market Share Estimation
        2.5 Assumptions for the Study

    3 Executive Summary (Page No. – 31)

    4 Premium Insights (Page No. – 40)
        4.1 In Vitro Diagnostics (IVD): Market Overview
        4.2 Asia-Pacific: In Vitro Diagnostics Market, By Products & Services
        4.3 Geographic Snapshot of the In Vitro Diagnostics Market
        4.4 Geographic Mix: In Vitro Diagnostics Market
        4.5 In Vitro Diagnostics Market: Developing vs Developed Markets

    5 Market Overview (Page No. – 45)
        5.1 Introduction
        5.2 Market Dynamics
               5.2.1 Market Drivers
                        5.2.1.1 Rising Incidence of Chronic Lifestyle Diseases
                        5.2.1.2 Increasing Adoption of Point-Of-Care Testing
                        5.2.1.3 Growing Awareness of Personalized Medicine
                        5.2.1.4 Growth in the Number of Private Diagnostic Centers
               5.2.2 Market Restraints
                        5.2.2.1 Inadequate Reimbursement
                        5.2.2.2 Rising Healthcare Costs and Low Budgets
               5.2.3 Market Opportunities
                        5.2.3.1 Introduction of A New Range of Condition-Specific Markers and Tests With Advances in Genomics and Proteomics
                        5.2.3.2 Emerging Economies With Increasing Investments
                        5.2.3.3 Growing Significance of Companion Diagnostics
               5.2.4 Market Challenges
                        5.2.4.1 Stringent Regulatory Framework
                        5.2.4.2 Operational Barriers for the Use of Diagnostic Tests

    6 Industry Insights (Page No. – 56)
        6.1 Introduction
        6.2 Industry Trends
               6.2.1 Automation of Clinical Laboratory Techniques
               6.2.2 Microfluidics-Based Poc and Loc Diagnostic Devices for Laboratory Testing
               6.2.3 Rise in Reagent Rental Agreements
        6.3 Regulatory Overview
               6.3.1 North America
                        6.3.1.1 U.S.
                        6.3.1.2 Canada
               6.3.2 Europe
               6.3.3 Asia-Pacific
                        6.3.3.1 Japan
                        6.3.3.2 China
                        6.3.3.3 India

    7 Global In Vitro Diagnostics Market, By Product & Service (Page No. – 65)
        7.1 Introduction
        7.2 Reagents & Kits
        7.3 Instruments
        7.4 Data Management Software
        7.5 Services

    8 Global In Vitro Diagnostics Market, By Technology (Page No. – 74)
        8.1 Introduction
        8.2 Immunochemistry/Immunoassays
               8.2.1 Enzyme-Linked Immunosorbent Assay (ELISA)
                        8.2.1.1 Chemiluminescence Immunoassays (CLIAS)
                        8.2.1.2 Fluorescence Immunoassays (FIAS)
                        8.2.1.3 Colorimetric Immunoassays (CIS)
               8.2.2 Radioimmunoassay (RIA)
               8.2.3 Rapid Tests
               8.2.4 Western Blot
               8.2.5 Enzyme-Linked Immunospot (Elispot) Assay
        8.3 Clinical Chemistry
               8.3.1 Basic Metabolic Panel
               8.3.2 Electrolyte Panel
               8.3.3 Liver Panel
               8.3.4 Lipid Profile
               8.3.5 Renal Profile
               8.3.6 Thyroid Function Panel
               8.3.7 Specialty Chemical Tests
        8.4 Molecular Diagnostics (MDX)
               8.4.1 Polymerase Chain Reaction (PCR)
               8.4.2 Isothermal Nucleic Acid Amplification Technology (INAAT)
               8.4.3 Microarray
               8.4.4 Hybridization
               8.4.5 Dna Sequencing & Next-Generation Sequencing
               8.4.6 Other MDX Technologies
        8.5 Clinical Microbiology
        8.6 Hematology
        8.7 Coagulation and Hemostasis
        8.8 Other IVD Technologies

    9 Global In Vitro Diagnostics Market, By Application (Page No. – 114)
        9.1 Introduction
        9.2 Diabetes
        9.3 Infectious Diseases
        9.4 Oncology/Cancer
        9.5 Cardiology
        9.6 Nephrology
        9.7 Autoimmune Diseases
        9.8 Drug Testing/Pharmacogenomics
        9.9 HIV/Aids
        9.10 Other Applications

    10 Global In Vitro Diagnostics Market, By End User (Page No. – 132)
         10.1 Introduction
         10.2 Hospitals
         10.3 Laboratories
         10.4 Point-Of-Care Testing
         10.5 Patient Self-Testing
         10.6 Academic Institutes
         10.7 Other End Users

    11 Global In Vitro Diagnostics Market, By Region (Page No. – 142)
         11.1 Introduction
         11.2 North America
                 11.2.1 U.S.
                 11.2.2 Canada
         11.3 Europe
                 11.3.1 Germany
                 11.3.2 France
                 11.3.3 U.K.
                 11.3.4 Italy
                 11.3.5 Spain
                 11.3.6 Russia
                 11.3.7 Rest of Europe (RoE)
         11.4 Asia-Pacific (APAC)
                 11.4.1 Japan
                 11.4.2 China
                 11.4.3 India
                 11.4.4 Rest of Asia-Pacific (RoAPAC)
         11.5 Latin America
                 11.5.1 Brazil
                 11.5.2 Mexico
                 11.5.3 Rest of Latin America (ROLA)
         11.6 Middle East and Africa

    12 Competitive Landscape (Page No. – 207)
         12.1 Overview
         12.2 Market Share Analysis
         12.3 Competitive Situation and Trends
         12.4 New Product Launches
         12.5 Agreements, Partnerships, and Collaborations
         12.6 Acquisitions
         12.7 Expansions
         12.8 Other Strategies

    13 Company Profiles (Page No. – 215)
    (Overview, Products and Services, Financials, Strategy & Development)*
         13.1 Introduction
         13.2 ABBott Laboratories, Inc.
         13.3 Becton, Dickinson and Company
         13.4 Biomérieux SA
         13.5 Bio-Rad Laboratories, Inc.
         13.6 Danaher Corporation
         13.7 Johnson & Johnson
         13.8 Roche Diagnostics
         13.9 Siemens AG
         13.10 Sysmex Corporation
         13.11 Thermo Fisher Scientific, Inc.
         13.12 Ortho-Clinical Diagnostics, Inc.
         13.13 Qiagen N.V.
         13.14 Diasorin S.P.A.

    14 Appendix (Page No. – 275)
         14.1 Insights of Industry Experts
         14.2 Discussion Guide
         14.3 Other Developments
         14.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
         14.5 Introducing RT: Real-Time Market Intelligence
         14.6 Available Customizations
         14.7 Related Reports
         14.8 Author Details

    The Global In Vitro Diagnostics IVD Market has been segmented as below:

    By Product Analysis

    •    Reagents 
    •    Instruments 
    •    Software & Services
     
    By Technique Analysis

    •    Immunodiagnostics 
        o    Enzyme-Linked Immunosorbent Assay (ELISA)
        o    Enzyme-Linked ImmunoSpot (ELISPOT)    
        o    Rapid Tests
        o    Western blot
        o    Radioimmunoassay (RIA)
    •    Blood Testing
    •    Molecular Diagnostics
        o    Polymerize Chain Reaction (PCR)
        o    Hybridization
        o    Isothermal Nucleic Acid Technology (INAAT)
        o    Microarray
        o    DNA diagnostics
        o    Others
    •    Tissue Diagnostics
    •    Clinical Chemistry 
        o    Basic metabolic panel
        o    Lipid profile
        o    Liver panel
        o    Electrolyte panel
        o    Thyroid function panel
        o    Speciality chemicals
    •    Other IVD Techniques

    By Application Analysis

    •    Infectious Diseases
    •    Cancer
    •    Cardiac Diseases
    •    Immune System Disorders
    •    Nephrological Diseases 
    •    Gastrointestinal Diseases
    •    Other Indications

    By End User Analysis

    •    Standalone Laboratory
    •    Hospitals
    •    Academic & Medical Schools
    •    Point of Care
    •    Others 

    By Regional Analysis

    •    North America
    •    Europe
    •    Asia-Pacific
    •    Rest of the World

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    The market is expected to grow at a CAGR of 5% during the study period (2022-2027)
    The Global In Vitro Diagnostics IVD Market is expected to be around US$ 97.4 billion by 2027
    The segment included in the In Vitro Diagnostics IVD Market is Product, Technique, Application End User and region.
    Some key players operating in the In Vitro Diagnostics IVD Market include Affymetrix, Inc., AlereInc, Biomerieux, Danaher Corporation., Roche Diagnostics, Becton Dickinson and Company, Bio-Rad Laboratories, Inc., Abbott Laboratories, Bayer AG
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