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In-vitro Diagnostics (IVD) Market

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Diagnostic tools account for considerable share of global healthcare revenue. Its reach ranges from hospitals and clinics to that in research centers.
Global In-vitro Diagnostics (IVD) Market Dynamics,
Regional analysis, Key Developments forecast 2024
Diagnostic tools account for considerable share of global healthcare revenue. Its reach ranges
from hospitals and clinics to that in research centers. As such, In Vitro Diagnostic (IVD) market
share has witnessed increase in recent past, further highlighted its key role in the healthcare
industry. IVD has led to cut down in hospital staying costs along with faster diagnosis results.
According to the U.S. FDA, in-vitro diagnostic products are those reagents, instruments, and
systems intended for use in diagnosis of disease or other conditions, including determination of
the state of health, in order to cure, mitigate, treat, or prevent disease or its sequela. Such
products are intended for use in the collection, preparation, and examination of specimens
taken from the human body.
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Over the last decade, the In vitro diagnostics (IVD) market has witnessed substantial growth.
However, the growth trajectory witnessed declining motion between 2008 and 2012. The effect
was prolonged to 2014 in Europe. Economic downturn in Europe coupled with low healthcare
expenditure are factors responsible for marginal demand in IVD. However, as the healthcare
growth trajectory is on growth path post-2015, especially in Asia Pacific, the In vitro
diagnostics (IVD) market is expected to re-bounce to higher growth trajectory. Also, growing
point of care solution is expected to boost the molecular diagnostics, in turn driving growth of
the market worldwide.
Market Dynamics
Rapid strides made in technology and inclination of healthcare providers towards expanding
their product portfolio is fueling growth of this highly lucrative market, especially in emerging
economies, which are largely untapped. Furthermore, rise in prevalence of infectious disease
globally, especially in Asia Pacific would inadvertently support market growth in the near
future. Major organizations in the in vitro diagnostic market are actively focusing on
introducing novel technologies in the testing and diagnostic segments of molecular biology. Such
initiatives are projected to bring about a rapid shift in the dynamics of in vitro diagnostics
(IVD) market, with Asia Pacific taking on the mantle from North America to emerge as the
largest market for in vitro diagnostics, owing to latest technologies and uninterrupted
investment in the health care sector is expected further to support the growth in in vitro
diagnostic market in the near future.
Report includes chapters which deeply display the following deliverable about industry :
• Global In-vitro Diagnostics (IVD) Market Research Objective and Assumption
• Global In-vitro Diagnostics (IVD) Market Purview - Report Description, Executive Summary,
and Coherent Opportunity Map (COM)
• Global In-vitro Diagnostics (IVD) Market Dynamics, Regulations, and Trends Analysis - Market
Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system
Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Global In-vitro Diagnostics (IVD) Market, By Regions
• Global In-vitro Diagnostics (IVD) Market Competition by Manufacturers including Production,
Share, Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Global In-vitro Diagnostics (IVD) Market Manufacturers Profiles/Analysis including Company
Basic Information, Manufacturing Base and Its Competitors.
• Global In-vitro Diagnostics (IVD) Market Manufacturing Cost Analysis including Key Raw
Materials and Key Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Global In-vitro Diagnostics (IVD) Market Forecast including Production, Consumption, Import
and Export Forecast by Type, Applications and Region.
• Research Findings and Conclusion
Key companies covered as a part of this study Roche Diagnostics, Siemens Healthineers, Abbott
Laboratories, Sysmex Corporation, Bio-Rad Laboratories, bioMérieux, Becton, Dickinson and
Company and Danaher Corporation
Market Taxonomy
This report segments the global in vitro diagnostics (IVD) market on the basis of product type,
application, end user and geography. On the basis of product, the market is categorized into
clinical chemistry, immunoassay, diabetes testing, blood testing, molecular diagnostics and
others. On the basis of application the market is divided into infectious diseases, diabetes,
oncology, cardiology, nephrology, autoimmune disorders and others. On the basis of end user,
the market is divided into hospitals, laboratories, homecare diagnostics, research institutes and
others. Among all end users, hospitals segment dominated the in vitro diagnostics (IVD) market,
owing to rapid advancements in medical systems and developed infrastructure.
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