In-Vitro Diagnostics Market Demand, Size, Share, Scope & Forecast To 2027

April 07 01:56 2021
Growth in the geriatric population and the widespread prevalence of the chronic and infectious disease is fueling the market demand.

The global In-Vitro Diagnostics Market is expected to reach USD 99.51 Billion by 2027, according to a new report by Emergen Research. The growth in the in vitro diagnostic market is due to the rise in the study and new innovations in genomic and proteomic services in the industry. The unexplored sectors are providing ample opportunities for the growth of the market in the coming years. Further, the increase in research and development facilities in molecular diagnostics and the development of new products is fueling market growth. 

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Key Highlights From The Report

  • The reagent segment held the largest market share of 37.1% in the year 2019. Developing countries have established local immunoassay reagents programs to produce high quality, low-cost reagents.
  • Immunoassays will grow with a significant share during the forecast period. The large share of this segment is mainly attributed to the increasing preference for these technologies in clinical diagnostics over other traditional methods.
  • North America dominated the market for in-vitro diagnostics. The U.S. is the major contributor owing to the increased investment in healthcare and an increase in point-of-care testing. The region is expected to do well due to the well-established healthcare industry and an increase in infectious disease.
  • Key participants include Siemens Healthineers, Roche Diagnostics, Danaher Corporation, bioMérieux, Abbott Laboratories, DiaSorin, Thermo Fisher Scientific, Inc., Ortho Clinical Diagnostics, QIAGEN, and Sysmex Corporation, among others.

For the purpose of this report, Emergen Research has segmented into the global In-Vitro Diagnostics Market on the basis of product, devices application, technique, end-user, and region:

  • Product Outlook (Revenue, USD Billion; 2017-2027)
    • Reagents & Kits
    • Instruments
      1. Fully Automated Instruments
      2. Semi-Automated Instruments
    • Data Management Software
    • Services
  • Devices Outlook (Revenue, USD Billion; 2017-2027)
    • Reusable IVD Devices
    • Disposable IVD Devices
  • Application Outlook (Revenue, USD Billion; 2017-2027)
    • Cancer
    • Infectious Diseases
    • Diabetes
    • Gastrointestinal Disease
    • Autoimmune Diseases
    • Cardiac Disease
    • Drug Testing /Pharmacogenomics
    • HIV/AIDS
    • Nephrological Disease
    • Other
  • Technique Outlook (Revenue, USD Billion; 2017-2027)
    • Immunoassay
    • Clinical Chemistry
    • Molecular Diagnostics
    • Microbiology
    • Hematology
    • Coagulation and Hemostasis
    • Urinalysis
    • Other IVD Technologies
  • End-Use Outlook (Revenue, USD Billion; 2017-2027)
    • Hospitals & Clinics
    • Diagnostic Laboratories
    • Homecare Settings
    • Others

The Global In-Vitro Diagnostics Market can be geographically bifurcated on the basis of regional demand, output, and estimated revenue share. The most prominent regions dictating the global market include: 

  • North America (U.S., Canada, Mexico)
  • Europe (U.K., Germany, France, Italy)
  • Asia Pacific (China, Japan, India, Korea)
  • Latin America (Brazil, Argentina, Ecuador, Chile)
  • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)

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The following are the main reasons to buy the Global In-Vitro Diagnostics Market report:

  1. The latest report closely evaluates the overall market size and infers on various aspects, such as the current business trends, market share, product offerings, and product share.
  2. It offers a detailed account of the end-use applications of the products & services offered by this industry.
  3. It offers an insightful analysis of the various regional segments of the market that are projected to witness enormous growth over the forecast period.
  4. Furthermore, the report covers the latest developments taking place in the market and effective business strategies implemented by the leading market rivals.

The report considers the following market growth estimation timeline:

  1. Historical Years: 2017-2018
  2. Base Year: 2019
  3. Estimated Year: 2027
  4. Forecast Years: 2020-2027

Table of Content

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. In-Vitro Diagnostics Market Segmentation & Impact Analysis
    4.1. In-Vitro Diagnostics Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
           Rise in the prevalence of target diseases
           Increase in research and development in In-Vitro diagnostic
           Rising investment by government and private organization
          4.2.3. Market restraints analysis
           Strict regulatory framework
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

Chapter 5. In-Vitro Diagnostics Market By Product Insights & Trends, Revenue (USD Million)
    5.1. Product Dynamics & Market Share, 2019 & 2027
          5.1.1. Reagents & Kits
          5.1.2. Instruments
           Fully Automated Instruments
           Semi-Automated Instruments
          5.1.3. Data Management Software
          5.1.4. Services


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