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Global In-Vitro Diagnostics (IVD) Market

March 12, 2018

Global In-Vitro Diagnostics (IVD) Market, By Type (Reagents, Instruments (Fully automated instruments, Semi-automated Instruments and Others), and Data management (Software and Service), By Technology (Clinical Chemistry, Immunochemistry, Molecular Diagnostics, Hematology, Microbiology, Coagulation, Hemostasis, Urinalysis, and Others), By Application (Oncology, Infectious Diseases, Diabetes, Cardiology, Nephrology, Autoimmune Diseases, Drug Testing, and Others), By End User (Hospitals, Diagnostic Laboratories, Academic Institutes, and Others), By Region (North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa) - Global Forecast, 2020-2025.

Report Code :FMR451      
Pages :223 Pages
Format :   PPT Format   PDF Format

The global In-vitro diagnostics (IVD) market was valued at USD xx million in 2019. This market is estimated to be valued at USD xx million in the year 2020, and it is expected to reach USD xx million by the year 2025, with an estimated CAGR of xx% during the forecast period (2020-2025). Tests performed on blood and tissue samples, which have been taken from the human body, are used to detect diseases and conditions associated with them. The involvement of research organizations offering advisory services, clinical trials, and laboratory tests to meet the rising need for accelerated diagnosis and care plans is projected to propel the In-vitro diagnostics market.

Table 1. Global In-Vitro Diagnostics Market Synopsis

Parameters

Description

Market Value (US$ Mn) for the Period

2018-2025

Base Year

2018 and 2019

Forecast Period

2020-2025

Market Segmentation (By Type)

Reagents, Instruments (Fully automated instruments, Semi-automated Instruments and Others), and Data management (Software and Service)

Market Segmentation (By Technology)

Clinical Chemistry, Immunochemistry, Molecular Diagnostics, Hematology, Microbiology, Coagulation, Hemostasis, Urinalysis, and Others

Market Segmentation (By Application)

Oncology, Infectious Diseases, Diabetes, Cardiology, Nephrology, Autoimmune Diseases, Drug Testing, and Others

Market Segmentation (By End User)

Hospitals, Diagnostic Laboratories, Academic Institutes, and Others

Regions Covered

North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa

Key Players Coverage

Roche Diagnostics, Danaher Corporation, Abbott Laboratories, Inc., Siemens AG, Sysmex Corporation, Thermo Fisher Scientific, Becton, Dickinson and Company (BD), bioMérieux SA, Bio-Rad Laboratories, Inc., Johnson & Johnson, Agilent Technologies, Qiagen N.V., DiaSorin, Ortho Clinical Diagnostics

Key Insights

  • Latest Updates
  • Analyst Views
  • Future Outlook of the Market

Market Dynamics

Rapid growing tests owing to the rise in ill-health population across the globe are set to provide thrust to the in-vitro diagnostics market over the forecast period. Rising deadly diseases, such as Ebola, COVID-19, and others, are set to emphasize the market over the mid-term forecast period. Moreover, the development of automation in vitro diagnostic (IVD) systems for laboratories and hospitals to provide effective, reliable, and error-free diagnostics is expected to drive market growth. For instance, in 2020, in the U.S., escalating death rate and postmortem, where fixed autopsy tissue specimens are submitted to infectious diseases pathology labs emphasize the importance of In-vitro diagnostics. Growing research regarding immunology and pathology has set a new platform for the in-vitro diagnostics market. For instance, on-going research on tissue developments and changes and post-drug use in COVID-19 patients by the Fraunhofer Institute recently launched a fight for in-vitro diagnostic equipment.

Figure 1. PORTER’S Analysis

 

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

North America is projected to have the largest market share in the global in vitro diagnostic market during the forecast period, followed by the European zone. The availability of government resources, the rising use of molecular diagnostics in genetic diseases and cancer screening, and the involvement of major players in the field are responsible for a significant proportion of North American in-vitro diagnostics. In 2017, there were about 962 million people over 60 years of age worldwide. Moreover, according to the World Health Organization (WHO), by 2020, there will be more population with 60 years of age than children under 5 years of age.

In addition, Asia-Pacific is projected to experience the highest growth during the forecast period due to a rise in healthcare spending and an increase in the prevalence of diabetes and many other chronic diseases in the country.

Figure 2. Regional Analysis

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

Competitve Landscape

Some of the players in the in-vitro diagnostics market include Roche Diagnostics, Danaher Corporation, Abbott Laboratories, Inc., Siemens AG, Sysmex Corporation, Thermo Fisher Scientific, Becton, Dickinson and Company (BD), bioMérieux SA, Bio-Rad Laboratories, Inc., Johnson & Johnson, Agilent Technologies, Qiagen N.V., DiaSorin, Ortho Clinical Diagnostics, and Others

For example, in August 2018, Sysmex Corporation and JVCKENWOOD Corporation agreed to jointly set up a new company, Innovative Nanosystems Corporation, to develop and manufacture biodevices.

Figure 3. Market Share of Key Players, 2019

 

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

By Type

  • Reagents
  • Instruments
    • Fully automated instruments
    •  Semi-automated Instruments
    • Others
  •  Data management
    • Software
    • Services

By Technology

  • Clinical Chemistry
  • Immunochemistry
  • Molecular Diagnostics
  • Hematology
  • Microbiology
  • Coagulation
  • Hemostasis
  • Urinalysis
  • Others

By Application

  • Oncology
  • Infectious Diseases
  • Diabetes
  • Cardiology
  • Nephrology
  • Autoimmune Diseases
  • Drug Testing
  • Others

By End User 

  • Hospitals
  • Diagnostic Laboratories
  • Academic Institutes
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
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Note: This report provides in-depth analysis of the global in-vitro diagnostics market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2018 and 2019, as the base year.

  • What are the trends adopted by key players in the global in-vitro diagnostics market?
  • What key factors are expected to increase the demand for global in-vitro diagnostics market during the forecast period 2020-2025?
  • What are the major challenges inhibiting the growth of the global in-vitro diagnostics market?
  • What was the total market value (US$ Mn) generated in global in-vitro diagnostics market by type in 2019, and what are the forecasts by 2025?
  • Which technology is expected to dominate the global in-vitro diagnostics market in the coming years?
  • Which end user is expected to propel the market in the foreseen future?
  • Which application is expected to foster the in-vitro diagnostics market growth?
  • Which media contribute highest CAGR (%) in the in-vitro diagnostics market?
  • What was the total revenue generated by the global in-vitro diagnostics market across different regions (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) in 2019, along with CAGR (%) for the period (2020-2025)?
  • Who are the key players contributing the growth of the global in-vitro diagnostics market, and what are the new strategies adopted by them to retain a market share in the industry?
  • What is the competitive strength of the key players in the global in-vitro diagnostics market?
  • What are the major outcomes derive from the Porter’s five forces?
  • What new products going to be approved or launched in the coming years which may have huge impact in the market?
  • What insights are deriving through the analysis of key players on following parameters: company overview, financial performance, product portfolio, geographical presence, key highlights, and strategies?

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