IVD Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The global in-vitro diagnostics market was valued at approximately USD 68,410 million in 2020, and it is expected to witness a revenue of USD 91,250 million in 2027, with a CAGR of 4% over the forecast period 2021-2027.

In vitro diagnostics (IVD) is a medical device that requires the use of assays and reagents to diagnose a medical condition. These devices also analyze bodily fluid and tissue samples collected from patients. There are also different types of in vitro diagnostic instruments that operate in different technologies such as immunodiagnostics, histologic diagnostics, hematology and molecular diagnostics. In addition, in vitro diagnostics are used for the diagnosis of various medical conditions such as infectious diseases, cancer, heart disease, and kidney disease. In addition, since the use and handling of in vitro diagnostics requires specialized skills, a diagnostic instrument is used in a specialized medical institution. For example, IVD products are used in facilities such as stand-alone laboratories, hospitals, and point-of-care.

Market Segments

By Application

• Diabetes
• Infectious Diseases
• Oncology/Cancer
• Cardiology
• Nephrology
• Autoimmune Diseases
• Drug Testing/Pharmacogenomics
• HIV/AIDS
• Others

By Technology

• Immunochemistry/Immunoassay
• Clinical Chemistry
• Molecular Diagnostics
• Microbiology
• Hematology
• Coagulation & Hemostasis
• Urinalysis

Key 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 IVD 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 IVD Market Report

1. What was the IVD 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 IVD 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 IVD 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.