In Vitro Diagnostics (IVD) Market: A Comprehensive Assessment of Techniques, Products, and Market Dynamics
In Vitro Diagnostics (IVD) Market– Global Outlook and Forecast 2023-2030 is latest research study released by Allied Market Research evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support (2023-2030). The market Study is segmented by key a region that is accelerating the marketization. The report provides information on market research and development, growth drivers, and the changing investment structure of the Global In Vitro Diagnostics (IVD) Market. Some of the key players profiled in the study are Siemens, Becton, Dickinson and Company, QIAGEN, Thermo Fisher Scientific, Danaher Corporation (Beckman Coulter), Bio-Rad Laboratories, F. Hoffmann-La Roche, Sysmex Corporation, Abbott Laboratories, bioMérieux. The global In Vitro Diagnostics (IVD) market is expected to reach $91 billion by 2027, registering a CAGR of 4.8% from 2019 to 2027.
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In Vitro Diagnostics (IVD) Market Outlook 2020-2030
In terms of products and services, the reagents segment holds the largest market share in the field of in vitro diagnostics. This is because reagents are essential components of every in-vitro diagnostic test. Therefore, the aforementioned factors contribute to the growth of this segment. Additionally, the instruments segment is expected to experience the highest compound annual growth rate (CAGR) during the projected period, as key players focus on introducing new instruments.
Among the various techniques, the molecular diagnostics segment is projected to demonstrate the fastest growth rate during the forecast period. This growth can be attributed to the increasing prevalence of cancer, the adoption of personalized medicine, and the emphasis of key players on developing more advanced molecular diagnostic systems.
In terms of application, the market is segmented into infectious diseases, cancer, cardiac diseases, immune system disorders, nephrological diseases, gastrointestinal diseases, and others. The infectious diseases market exhibits significant potential due to the rising incidence of HIV-AIDS, hepatitis, and other infectious diseases.
Based on end-users, standalone laboratories hold a major share in the in vitro diagnostics market. This is because standalone laboratories employ highly skilled laboratory technicians capable of performing complex in vitro diagnostic tests. Consequently, these medical facilities receive a higher number of patient samples for in vitro diagnostic testing, driving market growth. The point-of-care segment is expected to grow at a significant CAGR due to the increasing adoption of novel and advanced in vitro diagnostic tests that can be used for diagnosing various chronic diseases, such as diabetes, in a home care setting.
North America is anticipated to lead the regional market for in vitro diagnostics during the forecast period. This is primarily due to its well-established healthcare system, higher healthcare awareness among patients, initiatives such as Obama’s Affordable Care Act (ACA), technological advancements, and a rebounding American economy.
Marketing Communication and Sales Channel
Understanding “marketing effectiveness” on a continual basis, help determine the potential of advertising and marketing communications and allow to use of best practices to utilize untapped audience. In order to make marketers make effective strategies and identify why the target market is not giving attention, we ensure the Study is Segmented with appropriate marketing & sales channels to identify potential market size by value & Volume* (if Applicable).
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The segments and sub-section of In Vitro Diagnostics (IVD) market is shown below:
By Product And Services: Reagents, Instruments, Software And Services
By Technique: Immunodiagnostics, Hematology, Molecular Diagnostics, Tissue Diagnostics, Clinical Chemistry, Others
By Application: Infectious Diseases, Cancer, Cardiac Diseases, Immune System Disorders, Nephrological Diseases, Gastrointestinal Diseases, Others
By End User: Standalone Laboratories, Hospitals, Academic And Medical Schools, Point Of Care, Others
Some of the key players involved in the Market are: Siemens, Becton, Dickinson and Company, QIAGEN, Thermo Fisher Scientific, Danaher Corporation (Beckman Coulter), Bio-Rad Laboratories, F. Hoffmann-La Roche, Sysmex Corporation, Abbott Laboratories, bioMérieux.
Important years considered in the In Vitro Diagnostics (IVD) study:
Historical year – 2017-2021; Base year – 2021; Forecast period** – 2022 to 2030 [** unless otherwise stated]
If opting for the Global version of In Vitro Diagnostics (IVD) Market; then below country analysis would be included:
– North America (USA, Canada and Mexico)
– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland and Rest of Europe)
– Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia and Rest of APAC)
– South America (Brazil, Argentina, Chile, Colombia, Rest of countries etc.)
– Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)
Introduction about In Vitro Diagnostics (IVD) Market
In Vitro Diagnostics (IVD) Market Size (Sales) Market Share by Type (Product Category)
In Vitro Diagnostics (IVD) Market by Application/End Users
In Vitro Diagnostics (IVD) Sales (Volume) and Market Share Comparison by Applications
Global In Vitro Diagnostics (IVD) Sales and Growth Rate (2020-2030)
In Vitro Diagnostics (IVD) Competition by Players/Suppliers, Region, Type, and Application
In Vitro Diagnostics (IVD) (Volume, Value, and Sales Price) table defined for each geographic region defined.
In Vitro Diagnostics (IVD) Players/Suppliers Profiles and Sales Data
Key Raw Materials Analysis & Price Trends
Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
……..and view more in complete table of Contents
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