Global In Vitro Diagnostics Market Research Report: Forecast (2024-2030)

By Product and Service (Reagents & Kits, Instruments, Data Management Software & Techniques), By Technique (Immunoassay, Hematology, Clinical Chemistry, Molecular Diagnostics, Tissue Diagnostics, Coag... ... ue Diagnostics, Coagulation & Hemostasis, Microbiology, Urinalysis), By Application (Infectious Diseases, Cancer/Oncology, Cardiology, Nephrology, Diabetes, Autoimmune Diseases, Drug Testing, HIV), By End User (Diagnostic Laboratory, Hospitals & Clinics, Academic & Medical Institutes, Point of Care Testing), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific), By Company (BioMerieux SA, Abbott Laboratories, Bio-Rad Laboratories, Inc., Becton, Dickinson and Company, Siemens Healthineers AG, Qiagen, Quidel Corporation, Hoffmann-La Roche AG, Sysmex Corporation, Danaher Corporation) Read more

  • Healthcare
  • Nov 2023
  • 189
  • PDF, Excel, PPT

Market Definition

In Vitro Diagnostics (IVD) refers to the medical tests, examinations, and procedures conducted on samples like blood, urine, tissues, and other bodily fluids outside the living organism (in vitro) to obtain diagnostic information about a person's health or medical condition.

Market Insights & Analysis: Global In Vitro Diagnostics Market (2024-30):

The Global In Vitro Diagnostics Market size was valued at around USD 115 billion in 2022 and is estimated to grow at a CAGR of about 5.1% during the forecast period, i.e., 2024-30. It is mainly attributed to the increasing adoption of IVD, primarily due to the rising prevalence of infectious diseases & chronic conditions. Chronic diseases such as cardiovascular diseases, cancer, and infectious diseases necessitate the usage of IVD tests for early detection, continuous monitoring, and effective management. According to the World Health Organization (WHO), approximately 41 million individuals die each year due to chronic diseases, accounting for nearly 74% of all global deaths. As individuals age, the risk of developing chronic diseases and health conditions increases. IVD tests are crucial for diagnosing age-related diseases, such as Alzheimer's disease and various types of cancer, which has led to a heightened demand for in vitro diagnostic solutions in the market.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 5.1%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, UK, France, Italy, Spain, Rest of Europe
Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: Saudi Arabia, South Africa, Rest of the Middle East & Africa
Key Companies Profiled BioMerieux SA, Abbott Laboratories, Bio-Rad Laboratories, Inc., Becton, Dickinson and Company, Siemens Healthineers AG, Qiagen, Quidel Corporation, Hoffmann-La Roche AG, Sysmex Corporation, Danaher Corporation
Market Value (2022) USD 115 Billion

 

Furthermore, the growth of the IVD Market is anticipated to be driven by the untapped potential in emerging markets. These regions are experiencing growth due to improved healthcare infrastructure, increased unmet healthcare needs, and a surge in demand for advanced in vitro diagnostic testing. Additionally, the concept of personalized medicine, which tailor treatment strategies to individual patients based on their genetic, molecular, and clinical profiles, has also had a significant impact on the industry's development. This approach has created a demand for more customized diagnostic tools and technologies to support personalized healthcare solutions. For instance:

  • In 2022, Skyline Dx announced the launch of Merlin Assay, a CE-IVD distributable test kit for melanoma (skin cancer) patients. The test provides a more personalized insight into the metastatic propensity of the tumor, identifying patients with a low-risk tumor that could avoid the surgery.

Moreover, the adoption of personalized medicine enhances the effectiveness of treatments and contributes to cost reduction in healthcare by eliminating ineffective treatments and providing additional support for market expansion. Also, the ongoing advancements in technology within in vitro diagnostics have resulted in the creation of more precise, sensitive, and efficient diagnostic tests. These innovations encompass areas such as molecular diagnostics, next-generation sequencing, liquid biopsy, and point-of-care (POC) testing. These technological advancements enhance the accuracy & speed of diagnoses, ultimately leading to improved patient outcomes. This specialized progress is expected to continue supporting the In Vitro Diagnostics Market growth in the foreseeable future.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global In Vitro Diagnostic Market Trends & Developments
  5. Global In Vitro Diagnostic Market Dynamics
    1. Drivers
    2. Challenges
  6. Global In Vitro Diagnostic Market Regulations, Policies, and Standards
  7. Global In Vitro Diagnostic Hotspot & Opportunities
  8. Global In Vitro Diagnostic Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues USD Million
    2. Market Size & Analysis
      1. By Product & Service
        1. Reagents & Kits- Market Size & Forecast 2019-2030, USD Million
        2. Instruments- Market Size & Forecast 2019-2030, USD Million
        3. Data Management Software & Techniques - Market Size & Forecast 2019-2030, USD Million
      2. By Technique
        1. Immunoassay - Market Size & Forecast 2019-2030, USD Million
        2. Hematology - Market Size & Forecast 2019-2030, USD Million
        3. Clinical Chemistry - Market Size & Forecast 2019-2030, USD Million
        4. Molecular Diagnostics - Market Size & Forecast 2019-2030, USD Million
        5. Tissue Diagnostics - Market Size & Forecast 2019-2030, USD Million
        6. Coagulation & Hemostasis - Market Size & Forecast 2019-2030, USD Million
        7. Microbiology- Market Size & Forecast 2019-2030, USD Million
        8. Urinalysis- Market Size & Forecast 2019-2030, USD Million
      3. By Application
        1. Infectious Diseases - Market Size & Forecast 2019-2030, USD Million
        2. Cancer/Oncology - Market Size & Forecast 2019-2030, USD Million
        3. Cardiology - Market Size & Forecast 2019-2030, USD Million
        4. Nephrology - Market Size & Forecast 2019-2030, USD Million
        5. Diabetes - Market Size & Forecast 2019-2030, USD Million
        6. Autoimmune Diseases - Market Size & Forecast 2019-2030, USD Million
        7. Drug Testing- Market Size & Forecast 2019-2030, USD Million
        8. HIV - Market Size & Forecast 2019-2030, USD Million
      4. By End User
        1. Diagnostic Laboratory- Market Size & Forecast 2019-2030, USD Million
        2. Hospitals & Clinics- Market Size & Forecast 2019-2030, USD Million
        3. Academic & Medical Institutes - Market Size & Forecast 2019-2030, USD Million
        4. Point of Care Testing - Market Size & Forecast 2019-2030, USD Million
      5. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      6. By Competition
        1. Competition Characteristics
        2. Market Share Analysis
  9. North America In Vitro Diagnostic Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues USD Million
    2. Market Share & Analysis
      1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
      2. By Technique- Market Size & Forecast 2019-2030, USD Million
      3. By Application- Market Size & Forecast 2019-2030, USD Million
      4. By End User- Market Size & Forecast 2019-2030, USD Million
      5. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US In Vitro Diagnostic Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
        2. By Technique- Market Size & Forecast 2019-2030, USD Million
    4. Canada In Vitro Diagnostic Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
        2. By Technique- Market Size & Forecast 2019-2030, USD Million
    5. Mexico In Vitro Diagnostic Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
        2. By Technique- Market Size & Forecast 2019-2030, USD Million
  10. South America In Vitro Diagnostic Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues USD Million
    2. Market Share & Analysis
      1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
      2. By Technique- Market Size & Forecast 2019-2030, USD Million
      3. By Application- Market Size & Forecast 2019-2030, USD Million
      4. By End User- Market Size & Forecast 2019-2030, USD Million
      5. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil In Vitro Diagnostic Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
        2. By Technique- Market Size & Forecast 2019-2030, USD Million
    4. Argentina In Vitro Diagnostic Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
        2. By Technique- Market Size & Forecast 2019-2030, USD Million
  11. Europe In Vitro Diagnostic Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues USD Million
    2. Market Share & Analysis
      1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
      2. By Technique- Market Size & Forecast 2019-2030, USD Million
      3. By Application- Market Size & Forecast 2019-2030, USD Million
      4. By End User- Market Size & Forecast 2019-2030, USD Million
      5. By Country
        1. Germany
        2. The UK
        3. France
        4. Spain
        5. Italy
        6. Rest of Europe
    3. Germany In Vitro Diagnostic Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
        2. By Technique- Market Size & Forecast 2019-2030, USD Million
    4. The UK In Vitro Diagnostic Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
        2. By Technique- Market Size & Forecast 2019-2030, USD Million
    5. France In Vitro Diagnostic Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
        2. By Technique- Market Size & Forecast 2019-2030, USD Million
    6. Spain In Vitro Diagnostic Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
        2. By Technique- Market Size & Forecast 2019-2030, USD Million
    7. Italy In Vitro Diagnostic Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
        2. By Technique - Market Size & Forecast 2019-2030, USD Million
  12. The Middle East & Africa In Vitro Diagnostic Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues USD Million
    2. Market Share & Analysis
      1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
      2. By Technique- Market Size & Forecast 2019-2030, USD Million
      3. By Application- Market Size & Forecast 2019-2030, USD Million
      4. By End User- Market Size & Forecast 2019-2030, USD Million
      5. By Country
        1. The UAE
        2. Saudi Arabia
        3. South Africa
        4. Rest of the Middle East & Africa
    3. The UAE In Vitro Diagnostic Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
        2. By Technique- Market Size & Forecast 2019-2030, USD Million
    4. Saudi Arabia In Vitro Diagnostic Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
        2. By Technique- Market Size & Forecast 2019-2030, USD Million
    5. South Africa In Vitro Diagnostic Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
        2. By Technique- Market Size & Forecast 2019-2030, USD Million
  13. Asia-Pacific In Vitro Diagnostic Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues USD Million
    2. Market Share & Analysis
      1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
      2. By Technique- Market Size & Forecast 2019-2030, USD Million
      3. By Application- Market Size & Forecast 2019-2030, USD Million
      4. By End User- Market Size & Forecast 2019-2030, USD Million
      5. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Australia
        6. Southeast Asia
        7. Rest of Asia-Pacific
    3. China In Vitro Diagnostic Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
        2. By Technique- Market Size & Forecast 2019-2030, USD Million
    4. Japan In Vitro Diagnostic Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
        2. By Technique- Market Size & Forecast 2019-2030, USD Million
    5. India In Vitro Diagnostic Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
        2. By Technique- Market Size & Forecast 2019-2030, USD Million
    6. South Korea In Vitro Diagnostic Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
        2. By Technique- Market Size & Forecast 2019-2030, USD Million
    7. Australia In Vitro Diagnostic Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Product & Service- Market Size & Forecast 2019-2030, USD Million
        2. By Technique- Market Size & Forecast 2019-2030, USD Million
  14. Global In Vitro Diagnostic Market Key Strategic Imperatives for Success & Growth
  15. Competitive Outlook
    1. Company Profiles 
      1. bioMerieux SA
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Abbott Laboratories
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Bio-Rad Laboratories, Inc.
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Becton, Dickinson and Company
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Siemens Healthineers AG
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Qiagen
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Quidel Corporation
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. F. Hoffmann-La Roche AG                     
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Sysmex Corporation
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Danaher Corporation
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Others
  16. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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