IVD Market Projected to reach US$92.54 billion in 2023 | Roche Holding AG, Abbott Laboratories, Danaher Corporation, Siemens AG, Thermo Fisher Scientific

Press Release

The global IVD market value is forecasted to reach US$92.54 billion in 2023, growing at a CAGR of 6.6%, for the period spanning from 2018 to 2023. 

The research dives deep into the global share, size, and trends, as well as growth rate of the In-Vitro Diagnostics market to project its progress during the forecast period, i.e., 2019–2027. Most importantly, the report further identifies the past, present, and future trends that are expected to influence the development rate of the In-Vitro Diagnostics market. The research segments the market on the basis of product type, application, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, demand and production capability across different countries.

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This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the In-Vitro Diagnostics market.

The factors such as increasing diabetic patient count, surging chronic ailments incidence, rising healthcare expenditure, growing geriatric population, accelerating economic growth and improving consumer confidence are expected to drive the market growth. However, growth of the industry would be challenged by stringent regulations and intense competition. A few notable trends include development of syndromic panel, rising companion diagnostic tests preference by physicians, escalating research and development expenditures, applications of human microbiome in IVD, liquid biopsy for cancer testing and high IVD per capita expenditure in Europe.

The major manufacturers covered in this report: Roche Holding AG, Abbott Laboratories, Danaher Corporation, Siemens AG, Thermo Fisher Scientific Inc. and Sysmex Corporation

The modern IVD industry comprises of three types of products namely; reagents, analytical instruments and accessory products that are required to perform an array of diagnostic laboratory tests and thereby helping the individual to monitor different types of diseases.

Researchers conducting the research also carry out a comprehensive analysis of the recent amendments in the government regulation and their impact on the competitive landscape of the industry. The research assesses the recent progress in the competitive landscape including collaborations, joint ventures, product launches, acquisitions, and mergers, as well as investments in the sector for research and development.

The report profiles the key players in the industry along with a detailed analysis of their individual positions against the global landscape. The researcher provides an extensive analysis of the In-Vitro Diagnostics market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

Scope of the report:

– The report provides a comprehensive analysis of the global IVD market, segmented on the basis of product types i.e. reagents, instrumentations & software services and technologies i.e. immunodiagnostics, POCT, microbiology, SMBG, molecular diagnostics & clinical chemistry.

– The major regional markets (North America, Asia-Pacific and Europe) have been analysed along with country coverage of the U.S., China, Japan, Australia, India, Germany, Italy and France.

– The market dynamics such as growth drivers, market trends and challenges are analysed in-depth.

– The competitive landscape of the market, along with the company profiles of leading players i.e. Roche Holding AG, Abbott Laboratories, Danaher Corporation, Siemens AG, Thermo Fisher Scientific Inc. and Sysmex Corporation are also presented in detail.

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Key points from Table of Content:

  1. Market Overview

    2. Global IVD Market Analysis

    3. Regional IVD Market Analysis

    4. Market Dynamics

    5. Competitive Landscape

    6. Company Profiles

Scope of the study:

  • The report conducts a detailed analysis of the evolving market dynamics
  • It gives a holistic view of various drivers and restraints operating in the market
  • The forecast spans 6 years and predicts the prospective progress of the sector
  • It categorizes the prominent product segments and their future growth scenario
  • The market insights derived after a thorough investigation of the industrial segments and subsegments enable readers make informed decisions.

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