Global IVD Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

The global IVD (In Vitro diagnostic devices) market is known for the medical devices and accessories used that are used to detect and perform the test for the infection and diseases by taking a sample of blood, urine, and tissues to cure diseases. It helps in detecting infections, monitoring them and preventing any other medical complications caused due to chronic and infectious diseases. These devices are mostly in use by clinical laboratories and hospitals to detect any diseases which are in their early stages. IVD is equipped with advanced technologies like clinical chemistry and immunodiagnostics that helps doctors to identify and provide a cure for the diseases. The global IVD market was valued at USD 70131.1 million in 2020 and is expected to be valued at USF 108911.3 million by 2030. The global IVD market is expected to grow at an approximate CAGR of 4.5% in the forecast period.
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Market Dynamics and Factors:
Due to the increase in the geriatric population, chronic and infectious diseases the IVD market is growing and is expected to grow at a faster rate. Also, the rise in technological advancement and the advancement of the health care sector will further boost the market. However, due to strict government policies and reimbursement policies are hampering the market. It is expected that investment in the advancement of IVD products, ongoing R & D activities, increase in point of care devices and liberal policies by the government will help in growing the market.
Market Segmentation:
Global IVD Market – By Product
Reagents & Consumables
Instruments
Software & Services
Global IVD Market – By Technique
Immunodiagnostics
Hematology
Molecular Diagnostics
Tissue Diagnostics
Clinical Chemistry
Others
Global IVD Market – By Application
Infectious Diseases
Cancer
Cardiac Diseases
Immune System Disorders
Nephrological Diseases
Gastrointestinal Diseases
Others
Global IVD Market – By End-User
Standalone Laboratory
Hospitals
Academic & Medical Schools
Point Of Care Testing
Others
Global IVD Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is the major revenue generator, which was USD 23.09 billion in 2018 and is estimated to emerge as a dominant region in the global IVD market. Owing to favorable government policies, well established diagnostic infrastructure, adoption of technology, NA is the prominent key market player in this industry. Asia-Pacific seems to be emerging opportunities for the key players operating in the in vitro diagnostics market due to the emerging economies and improvement in the healthcare infrastructure. Europe is also projected to show growth in the global IVD market, like Germany, the U.K., and Spain as the major countries to show a potential market in their region.
Competitive Scenario:
The key market players such as Abbott Laboratories; Becton, Dickinson and Company; bioMérieux SA; Bio-Rad Laboratories, Inc.; Danaher Corporation (Beckman Coulter, Inc.); F. Hoffmann-La Roche Ltd., Johnson & Johnson, QIAGEN N.V., Sysmex Corporation, Illumina, Inc., Luminex Corporation, and Siemens Healthcare GmbH, and Thermo Fisher Scientific, Inc.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global IVD industry, although key threats, opportunities and disruptive technologies that could shape the Global IVD Market supply and demand.
The report tracks the leading market players that will shape and impact the Global IVD Market most.
The data analysis present in the Global IVD Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global IVD Market business.
The 2021 Annual Global IVD Market offers:
100+ charts exploring and analysing the Global IVD Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global IVD Market type
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