In-Vitro Diagnostic Services Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The global in-vitro diagnostics market size is projected to reach USD 96.0 billion by 2027 from USD 84.5 billion in 2020, at a CAGR of 2% during the forecast period.

In-vitro diagnostics (IVD) is a medical device that requires the use of assays and reagents to diagnose a medical condition. Additionally, these instruments analyze samples of body fluids and tissues collected from patients. There are also many types of in vitro diagnostic devices that work with a variety of techniques such as immunodiagnosis, tissue diagnosis, hematology, and molecular diagnosis. In addition, in vitro diagnostics are used to diagnose a variety of medical conditions, such as infectious diseases, cancer, heart disease, and kidney disease. Moreover, since the use and handling of in vitro diagnostics requires technical expertise, diagnostics are performed using devices in specialized medical institutions. For example, IVD products are used in facilities such as stand-alone laboratories, hospitals, and point-of-care.

Market Segments

By Application

• Infectious Diseases
• Cancer
• Cardiac Diseases
• Immune System Disorders
• Nephrological Diseases 
• Gastrointestinal Diseases
• Others

By End User 

• Standalone Laboratories
• Hospitals
• Academic & Medical Schools
• Point-of-Care
• Others

Key Market Players 

The prominent players in the global in vitro diagnostics market are Roche Diagnostics Limited (Switzerland), Siemens Healthineers (Germany), Danaher Corporation (US), Abbott Laboratories (US), Thermo Fisher Scientific (US), Johnson & Johnson (US), Becton, Dickinson and Company (US), Bio-Rad Laboratories (US), Sysmex Corporation (Japan), bioMérieux (France), Diasorin (Italy), Ortho-Clinical Diagnostics (US), and Qiagen (Germany).

Scope of the Report

The research study analyzes the global In-Vitro Diagnostic Services industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by In-Vitro Diagnostic Services Market Report

1. What was the In-Vitro Diagnostic Services Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027). 2. What will be the CAGR of the In-Vitro Diagnostic Services Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the In-Vitro Diagnostic Services Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.