IVD

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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?

  1. The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.

  2. 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.

  3. The report tracks the leading market players that will shape and impact the Global IVD Market most.

  4. The data analysis present in the Global IVD Market report is based on the combination of both primary and secondary resources.

  5. 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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Decision Foresight is a market research organization known for its reliable and genuine content, market estimation and the best analysis which is designed to deliver state-of-the-art quality syndicate reports to our customers. Apart from syndicate reports, you will find the best market insights, strategies that will help in taking better business decisions on subjects that may require you to develop and grow your business-like health, science, technology and many more. At Decision Foresight, we truly believe in disseminating the right piece of knowledge to a large section of the audience and cover the in-depth insights of market leaders across various verticals and horizontals.

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