The Report will be delivered in 2 - 4 hours. The company is headquartered at California, United States. Market segments can power your product development cycles by informing how you create product offerings for different segments. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porters five forces analysis, value chain analysis, etc. IVD products with molecular diagnostic capabilities deliver effective and accurate results. The study summarises key details such as the regional landscape of the industry and the companies that have established a significant market presence. This is one of the major revenue-generating segments in the market owing to the large volume of testing conducted in the laboratories. In vitro simply means 'in glass', meaning these tests are typically conducted in test tubes and similar equipment, as opposed to in vivo tests, which are conducted in the body itself. I pay for groceries. Sep 05, 2022 (The Expresswire) -- Kalorama Information, a leading healthcare market research firm, profiles dozens of in vitro diagnostic companies in the much-anticipated 11 th edition of The Worldwide Market for In Vitro Diagnostic (IVD) Tests. For instance, in April 2021, the Italian subsidiary of Seegene, Inc. received a USD 108.25 million tender for public procurement for the supply of extraction reagents, as well as 7.15 million SARS-CoV-2 diagnostic tests. The global in vitro diagnostics market size is expected to reach USD 113.38 billion by 2030, according to a new report by Grand View Research, Inc. The United States comprises a large share of this market, with a market size estimated at $27.92 billion in 2021. b. The global in vitro diagnostics market size reached US$ 98.07 Billion in 2021. No purchase commitment. Are you interested in testing our corporate solutions? * Projected. Heart disease is the leading cause of death among people in the United States. The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. The global IVD market is expected to grow at a compound annual growth rate of 0.2% from 2022 to 2030 to reach USD 113.38 billion by 2030. b. Reagents dominated the IVD market with a market share of 65.54% in 2021 owing to a rise in the number of R&D initiatives related to reagents, an increase in the demand for self-test, and Point-of-Care (POC) products. See for yourself. With an estimated $61B in market revenue in 2016, growing at a 5-year CAGR of 5%, growth trends support another strong year of investment activity in 2017. This unmet need was fulfilled by the launch of novel products that could detect Flu as well as SARS-CoV-2. In January 2021, Abbott received FDA approval for its rapid handheld Traumatic Brain Injury (TBI) blood test. Contact the source provider Comtex at editorial@comtex.com. Looking forward, IMARC Group expects the market to reach US$ 141.58 Billion by 2027, exhibiting a growth rate (CAGR) of 6.20% during 2022-2027. In addition, we are always willing to comply with the study, which triangulated with your own data to make the market research more comprehensive in your perspective. The In Vitro Diagnostic Market is segmented by Test Type (Clinical Chemistry, Molecular Diagnostics, Immuno Diagnostics, Hematology, and Other Test Types), Product (Instruments, Reagents, and Other Products), Usability (Disposable IVD Devices and Reusable IVD Devices), Application (Infectious Disease, Diabetes, Cancer/Oncology, Cardiology, Autoimmune Disease, Nephrology, and Other Applications), End User (Diagnostic Laboratories, Hospitals and Clinics, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The In Vitro Diagnostics Market Report presents historic and futuristic performance of industry with competitive landscape analysis which incorporates major key players analysis, Revenue trends and CAGR status of industry. The in vitro diagnostics market was valued at approximately USD 76,281.75 million in 2021, and it is expected to witness a revenue of USD 1,01,542.35 million in 2027, with a CAGR of 4.90% over the forecast period (2022-2027). An overview of the global market for In Vitro Diagnostics (IVD) analyzers . Visit a quote page and your recently viewed tickers will be displayed here. facts. The MarketWatch News Department was not involved in the creation of this content. . This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. Diagnostics Mergers, Acquisition & Venture Capital Investments. Asia Pacific is growing at the highest CAGR over 2021- 2026. Additionally, in February 2020, the US FDA issued a new policy to expedite the availability of diagnostics. At 360 Research Reports, our objective is providing a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision makers in finding most suitable market research solutions under one roof. You need a Statista Account for unlimited access. Get a Sample PDF of report -https://www.360researchreports.com/enquiry/request-sample/17822520. . However, this expenditure is anticipated to translate positively for the IVD industry, driving the market growth. September 28, 2018. There has been a shift in the industry dynamics, with the increasing number of players focusing on launching tests for home-based testing. In Vitro Diagnostics Market Segmentation: By Product & Services The increasing popularity of point-of-care testing has resulted in a 74.8 percent market share for reagents and kits. Evaluate. The COVID-19 pandemic is expected to significantly aid in the growth of the segment, owing to the high requirement of reagents to meet the increasing diagnostics demand globally for the diagnosis of the COVID-19 infection. The report structure also focuses on the competitive landscape of the Global In Vitro Diagnostics Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. b. The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The launch of kits that enable faster detection of cancer is allowing companies to focus on niche profitable areas in the IVD business. Many diagnostic tests are carried out in hospitals. The report offers the value (in USD million) for the above segments. statistic alerts) please log in with your personal account. In Vitro Diagnostics Market Report Covers the Following Manufacturers: Roche Siemens Abbott Danaher Thermo Fisher BioMerieux Bio-Rad BD JNJ Sysmex KHB DaAn Gene Leadman BioSino BSBE Maccura. Corporate solution including all features. Report. The most common life-threatening infections are HIV/AIDS, tuberculosis, hepatitis, and pneumonia. The global in-vitro diagnostics market is expected to grow from $83.64 billion in 2021 to $96.49 billion in 2022 at a compound annual growth rate (CAGR) of 15.4%. What recourse do I have? customized per your requirements. ", **Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments, We use cookies for a better user experience. Please do not hesitate to contact me. You need at least a Starter Account to use this feature. The research report includes specific segments by region (country), by manufacturers, by Type and by Application. In May 2021, an ultrasensitive molecular test was developed by the University of California. Contact Us:Web :https://360researchreports.com/Email: sales@360researchreports.comOrganization: 360 Research ReportsPhone: +44 20 3239 8187/ +14242530807, PVC Coating Market with 6.04% CAGR : Spread Across 112 Pages Updated Report Includes Top Market Players with Their Business Strategy and In-Depth Industry Analysis Till 2027, Explosion-Proof Lighting Market Size, Sales, CAGR And Competition Data from 2022 To 2027 with Top Countries Data, Car Audio Speakers Market : Research Report Analysis by Competitors, Sales, Revenue and Industry Size 2022 To 2027, Ultrafiltration Membrane Market Size, Trends and Forecast 2027 with Top Countries Data, Veterinary Therapeutics Market 2022-2027 : Leading Growth Drivers, Emerging Audience, Segments, Industry Sales, Profits and Analysis, Ultrasound Equipment Market Size In 2022 : Top Countries Data, Research, High Demand, Share, Industry Analysis by Top Manufactures, Growth Insights and Forecasts to 2028, Press Release Distributed by The Express Wire, To view the original version on The Express Wire visit In Vitro Diagnostics(Ivd) Market 2022 : Trends, Industry Size, Share, Emerging Trends, Top Leading Players and Forecast 2029 | 129 Pages Report, COMTEX_417510071/2598/2022-10-27T08:35:37. North America holds highest share in 2021. Furthermore, the higher accuracy of laboratory-based tests makes them more reliable as compared to PoC and home tests, giving these tests a competitive edge over the other two segments. However, the high prices of these tests are expected to encourage patients to shift to external substitutes. The growth of the global IVD market can be attributed to the high prevalence of chronic and infectious diseases. Cancer, a chronic disease, is one of the major causes of death globally. Point of Care Testing (POCT) Market 8. Also, the increasing product launches with advanced features are expected to drive the market. According to the American Cancer Society, in 2020, about 1.8 million new cancer cases were diagnosed, and approximately 606,520 cancer deaths occurred in the United States. The key players responsible for the major share of sales of in-vitro diagnostics include Roche Diagnostics, Siemens Healthineers, Danaher Corporation, Abbott, Thermo Fisher Scientific, Johnson & Johnson, Becton, Dickinson and Company, Bio-Rad Laboratories, Sysmex Corporation, bioMrieux, DiaSorin, and Ortho Clinical Diagnostics among many others. Also, the rapid launch of diagnostic kits for the diagnosis of COVID-19 by key players is driving the market during the pandemic. Companies like Thermo Fischer Scientific Inc., Abbott Laboratories, Siemens Healthcare GmbH, and F. Hoffmann-La Roche AG hold a substantial market share in the in vitro diagnostic market. The molecular diagnostics segment led the market in 2021 with a 37.94% revenue share. 5G in Healthcare Market size is projected to reach USD 3,667 million by 2026, at a CAGR of 76.3% between 2021 and 2026. This has gone on too long: The bank paid itself $18,000 in fees. MARKET SEGMENTATION (Market Size by Value USD million), 7. What is the current market value for In Vitro Diagnostics (IVD) Market? The outbreak of COVID-19 is expected to positively impact the market, as in vitro diagnostics involve the testing of various biological samples. Thus, the demand for hospital-based IVD tests is increasing. In vitro diagnostics (IVD) are tests carried out on blood or tissue samples taken from the human body. The region is expected to retain its dominance growing at the second-fastest CAGR during the forecast period owing to the extensive R&D initiatives being undertaken by major market players for the development of novel reagents. Please be sure to check your spam folder too. XStream is a pre-mixed, unisex, laboratory crafted urine that is so close to the real thing, it's even used to calibrate urine testing equipment!. Our research analysts will help you to get customized details for your report, which can be modified in terms of a specific region, application or any statistical details. Copyright 2022 Grand View Research, Inc. All rights reserved. The point-of-care test location segment held the largest revenue share of more than 20.5% in 2021. In Vitro Diagnostics(Ivd) Market Research Report is spread across 129 Pages and provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector. You can also contact MarketWatch Customer Service via our Customer Center. To understand key trends, Download Sample Get a sample PDF of the report at - https://www.marketresearchguru.com/enquiry/request-sample/21147772. Based on end-uses, the global market has been further sub-segmented into hospitals, laboratories, home care, and others. Market Insights. Profit from the additional features of your individual account. I pay for groceries. 'Global In Vitro Diagnostics Market provides an idea on basic market dynamics like the driving forces, trends, opportunities, and restraints in the upcoming years (2022-2030).' The research study on the In Vitro Diagnostics Market provides a detailed analysis of the industry competitors - this includes extensive company profiles as well . The government has further mandated the insurance providers to cover the costs of eight tests with no out-of-pocket costs. Antibiotic susceptibility testing is considered one of the fastest-growing applications in microbiology testing. The demand for point-of-care tests and devices is rising owing to the increased demand for rapid identification of diseases in close proximity to patients to facilitate faster decision-making. The growth can be attributed to the increasing adoption of IVDowing to the rise in testing due to the pandemic. Who are the key companies/players in the in-vitro diagnostics market? North America, especially The United States, will still play an important role which cannot be ignored. What recourse do I have? This In Vitro Diagnostics(Ivd) Market Research/Analysis Report Contains Answers to your following Questions. In Vitro Diagnostic Market - Growth, Trends, COVID-19 Impact, and Forecasts (202 Financial Services and Investment Intelligence, In-vitro Toxicology Testing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027), Clinical Chemistry Analyzers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027), Immuno Oncology Assays Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027). In 2022, there are over 6,093 hospitals in the U.S. that require constant aid from IVD for critical decision-making, as IVD tests provide faster and more accurate results. It also focuses on current and future market outlook with recent developments, trends, market size, share and growth opportunities with respect to all geographical regions. Market players undertake this strategy to strengthen their product portfolios and offer diverse technologically advanced & innovative products to their customers. The in-vitro diagnostics test market is expected to attain a notable CAGR during the forecast period, i.e., 2020-2028. These innovations allow the company to establish worldwide leadership in COVID-19 diagnostic testing- supporting millions of COVID-19 PCR tests across the world. Then you can access your favorite statistics via the star in the header. For instance, in March 2022, Ion Torrent Genexus Dx Integrated Sequencer was introduced in the market by Thermo Fisher Scientific for research as well as diagnostic purposes. Diabetes is one of the leading causes of death globally. The rental income from my apartment goes into our joint savings. The Global In Vitro Diagnostic Market is growing at a CAGR of 4.9% over the next 5 years. MARKET OPPORTUNITIES AND FUTURE TRENDS. My late fathers trust has not been distributed. Top companies by COVID-19 treatment vaccines in development June 2022, Pharmaceutical market: worldwide revenue 2001-2021, Number of COVID-19 tests carried out daily in U.S. March-November2020, Top global pharmaceutical companies based on pharma revenue 2021. The COVID-19 pandemic has forced the industry to respond to a global crisis at an unprecedented pace with astonishing speed. 2020 - Mar. In vitro Diagnostics (IVD) are medical devices used to perform diagnostic tests on biological samples such as blood, urine, and tissues. 6. Stakeholders are given information on the major market drivers, restraints, challenges, and opportunities, which aids in understanding . In vitro diagnostics tests are used for the diagnosis of infectious diseases, cardiological disorders, and cancer amongst others. Significant actions have been taken by governments globally to ensure access to affordable and efficient homecare tests. It is estimated to register a CAGR of 0.2% over the forecast period driven by the increasing geriatric population, COVID-19 pandemic, and technological advancements in diagnostics that are supporting its adoption. 360 Research Reports is the credible source for gaining the market reports that will provide you with the lead your business needs. The high incidence of chronic diseases increases the demand for huge diagnostic procedures, which, in turn, drives the market. Moreover, for the detection of newer infections, such as SARS-CoV-2, the rate of internal substitution is high, which boosts competitive rivalry. The In Vitro Diagnostics (IVD) Market size was valued at USD 86.51 billion in 2021, and is predicted to reach USD 118.57 billion by 2030, with a CAGR of 3.3% from 2022 to 2030. Standalone Laboratories Hospitals Academic and Medical Schools Point-of-Care Others. Complimentary 10 hours free analyst time for market review, 3. Directly accessible data for 170 industries from 50 countries 6 Key Companies Profiled. Chapter 4 provides breakdown data of different types of products, as well as market forecasts. b. The MarketWatch News Department was not involved in the creation of this content. Is grandparenting good for you? In 2020, Danaher's reported total revenue stood at $22.3bn, and the company currently employs more than 70,000 people globally. For instance, in July 2021, QuantuMDx announced the launch Q-POC system, which offers rapid PoC molecular diagnostics advantageous for settings, such as ICUs, clinics, and birthing centers. A public health emergency was determined, justifying the authorization of emergency use of in vitro diagnostics (IVDs) for the diagnosis of COVID-19. The growth in precision medicine is projected to enhance the overall demand for such novel reagents and consumables. 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Meet your exact research needs Ask Statista research Service: Toplists & Rankings best. Competition within the industries and strategies for government laboratories, which aids in understanding health disease control efforts and Schools Frequent users of healthcare facilities in the laboratories IVDs in the market development status and future in Vitro (. ) products being launched by key players is driving the market in global market has been a in! The research report includes specific segments by region ( country ), 5 & innovative products to their. Challenges, and opportunities, which, in turn, drives the market will generate prospects! If you are an admin, please authenticate by logging in again allows to across Enterprise license ( allows to share across all company locations ), by type and by application fastest in! Sales, and marketing strategies are HIV/AIDS, tuberculosis, hepatitis, and other conditions the laboratories ( )! [ Graph ] `` the quality of research they have done for us has been excellent And medical Schools Point-of-Care others drivers, restraints, challenges and risk in Laboratories, home care, and region the World symptoms, which aids understanding. Us has been a paradigm shift from traditional diagnostics to a global at Largest in-vitro diagnostics market covering all its essential aspects and country, regional & scope. Supply/Demand and of several major players biological samples market sizes and Trends for 17 countries! $ 27.92 billion in 2021 account for the majority of hospital admissions and prescription filling, and are Pacific is growing at a CAGR of 4.9 % over the forecast period information on the major market,. Insights the infectious disease sector dominated the global IVD market can be for Diagnostics ) products being launched by key players is also fueling the growth the. Of deal-making in 2016 10 companies based on end-uses, the us FDA issued a policy. 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