Market Overview: In Vitro Diagnostics Market FY2024-2030
This reports provides an essential and dependable overview of the In Vitro Diagnostics Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
In Vitro Diagnostics Market Report Coverage Details:
- Base Year: 2023
- Historical Data: 2019-22
- Forecast Period: 2024-2030
- CAGR: 5.1% (2024-2030)
The Global In Vitro Diagnostics Market size was valued at around USD 115 billion in 2022 and is estimated to grow at a CAGR of about 5.1% during the forecast period, i.e., 2024-30.
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In Vitro Diagnostics Market Opportunity:
Personalized Medicine Creating Opportunity for In Vitro Diagnostic Market – The shift towards personalized medicine represents a substantial growth opportunity in the Global In Vitro Diagnostics (IVD) Market. Personalized medicine, which customizes medical treatments to suit the unique genetic, molecular, and clinical characteristics of individual patients, has gained prominence due to its potential to enhance treatment efficacy & patient outcomes. This paradigm shift creates a robust demand for advanced diagnostic tests & technologies to provide precise information for customized treatment strategies. In response to this growing demand, many companies are launching new personalized diagnostic kits for targeted therapies. For instance:
- In 2023, Roche collaborated with Janssen to advance personalized healthcare to include a wide range of companion diagnostics, such as tissue & blood-based biomarkers, sequencing, and digital pathology.
As healthcare systems & patients increasingly recognize the value of personalized approaches, the IVD Market is well-positioned to benefit from this demand, with the potential for sustained growth & innovation in the coming years. This transformative approach improves patient care and would offer a promising avenue for market expansion during 2024-30.
In Vitro Diagnostics Market Segmentation Analysis – FY2024-2030
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the In Vitro Diagnostics Market (2024-2030). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The In Vitro Diagnostics Market segmentation is enlisted below:
By Product & Service
- Reagents & Kits- Market Size & Forecast 2019-2030, USD Million
- Instruments- Market Size & Forecast 2019-2030, USD Million
- Data Management Software & Techniques - Market Size & Forecast 2019-2030, USD Million
By Technique
- Immunoassay - Market Size & Forecast 2019-2030, USD Million
- Hematology - Market Size & Forecast 2019-2030, USD Million
- Clinical Chemistry - Market Size & Forecast 2019-2030, USD Million
- Molecular Diagnostics - Market Size & Forecast 2019-2030, USD Million
- Tissue Diagnostics - Market Size & Forecast 2019-2030, USD Million
- Coagulation & Hemostasis - Market Size & Forecast 2019-2030, USD Million
- Microbiology- Market Size & Forecast 2019-2030, USD Million
- Urinalysis- Market Size & Forecast 2019-2030, USD Million
By Application
- Infectious Diseases - Market Size & Forecast 2019-2030, USD Million
- Cancer/Oncology - Market Size & Forecast 2019-2030, USD Million
- Cardiology - Market Size & Forecast 2019-2030, USD Million
- Nephrology - Market Size & Forecast 2019-2030, USD Million
- Diabetes - Market Size & Forecast 2019-2030, USD Million
- Autoimmune Diseases - Market Size & Forecast 2019-2030, USD Million
- Drug Testing- Market Size & Forecast 2019-2030, USD Million
- HIV - Market Size & Forecast 2019-2030, USD Million
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By End User
- Diagnostic Laboratory- Market Size & Forecast 2019-2030, USD Million
- Hospitals & Clinics- Market Size & Forecast 2019-2030, USD Million
- Academic & Medical Institutes - Market Size & Forecast 2019-2030, USD Million
- Point of Care Testing - Market Size & Forecast 2019-2030, USD Million
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
In Vitro Diagnostics Market Competitive Landscape
BioMerieux SA, Abbott Laboratories, Bio-Rad Laboratories, Inc., Becton, Dickinson and Company, Siemens Healthineers AG, Qiagen, Quidel Corporation, Hoffmann-La Roche AG, Sysmex Corporation, Danaher Corporation.
In Vitro Diagnostics Industry News:
- 2023: Roche collaborated with Ibex and Amazon Web Services to accelerate adoption of AI-enabled digital pathology solutions to help improve cancer diagnoses and these solutions have received CE Mark certification for In Vitro diagnostic (IVD) use in Europe, particularly in the detection of breast & prostate cancers across various diagnostic workflows.
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Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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