In-Vitro Diagnostics Market Analysis, Revenue Share, Company Profiles, Launches, & Forecast Till 2028

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Increasing investment in R&D in molecular diagnostics, new product development, and rising prevalence of targeted diseases are some key factors driving market revenue growth.

 

The latest research report, titled ‘Global In-Vitro Diagnostics Market, can be considered a profound analysis of the global In-Vitro Diagnostics Market industries that focuses on crucial data and information pertaining to the sales and revenue shares. The market evaluations over the forecast years are based on a comprehensive analysis of the leading market segments, such as product type outlook, application continuum, regional overview, and competitive landscape of the global In-Vitro Diagnostics Market. The report offers a holistic coverage of the In-Vitro Diagnostics Market, laying emphasis on the key factors influencing the industrial growth, technological developments taking place in the industry, and current and emerging trends witnessed in the leading regional markets.

The global In-Vitro Diagnostics (IVD) market size is expected to reach USD 118.44 Billion at a steady revenue CAGR of 4.4% in 2028, according to latest analysis by Emergen Research. In-vitro diagnostics market revenue growth is due to increased investment in research development in genomics and proteomics, and rising prevalence of targeted diseases.

The global In-Vitro Diagnostics Market report by Reports and Data is the latest document covering the changes in the market dynamics and trends that have followed the COVID-19 outbreak. The global health emergency has brought about unprecedented changes in the global economic scenario, drastically affecting the In-Vitro Diagnostics Market landscape, disrupting its supply chains, and causing volatility in prices and demand for products.

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Competitive Landscape:

  • Some Key Highlights from the Report:

Reagent segment accounted for largest revenue share in 2020. These kits and reagents are first-line testing devices for at-home consumer-friendly glucose monitoring and pregnancy tests and an alternative to more complex automated laboratory-based systems. Increase in production of rapid, sensitive devices, which offer more accurate results is also driving revenue growth of this segment.

leading market contenders listed in the report are as follows

  • Siemens Healthineers,
  • Roche Diagnostics,
  • Danaher Corporation,
  • bioMérieux,
  • Abbott Laboratories,
  • DiaSorin,
  • Thermo Fisher Scientific, Inc.,
  • Ortho Clinical Diagnostics,
  • QIAGEN,
  • Sysmex Corporation.

In-Vitro Diagnostics Market Segmentation:

The In-Vitro Diagnostics Market report segments the industry into key segments and sub-segments and offers insight into the segment expected to show significant growth over the coming years.

Emergen Research has segmented the global in-vitro diagnostics market on the basis of product, devices, application, technique, end-use, and region:

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Product Outlook (Revenue, USD Billion; 2018–2028)

  • Reagents Kits
  • Instruments
    1. Fully Automated Instruments
    2. Semi-Automated Instruments
  • Data Management Software
  • Services

Devices Outlook (Revenue, USD Billion; 2018–2028)

  • Reusable IVD Devices
  • Disposable IVD Devices

Application Outlook (Revenue, USD Billion; 2018–2028)

  • Cancer
  • Infectious Diseases
  • Diabetes
  • Gastrointestinal Disease
  • Autoimmune Diseases
  • Cardiac Disease
  • Drug Testing /Pharmacogenomics
  • HIV/AIDS
  • Nephrological Disease
  • Others

Technique Outlook (Revenue, USD Billion; 2018–2028)

  • Immunoassay
    1. Enzyme-Linked Immunosorbent Assay
      • Chemiluminescence Immunoassays
      • Fluorescence Immunoassays
      • Colorimetric Immunoassays
    1. Radioimmunoassay
    2. Rapid Test
    3. Western Blotting
    4. Enzyme-Linked Immunospot Assay
  • Clinical Chemistry
    • Basic Metabolic Panel
    • Electrolyte Panel
    • Liver Panel
    • Lipid Profile
    • Renal Profile
    • Thyroid Function Panel
    • Specialty Chemical Tests
  • Molecular Diagnostics
    • Polymerase Chain Reaction
    • Isothermal Nucleic Acid Amplification Technology
    • Microarray
    • Hybridization
    • DNA Sequencing Next-Generation Sequencing
    • Other Molecular Diagnostics Technologies
  • Microbiology
  • Hematology
  • Coagulation and Hemostasis
  • Urinalysis
  • Other IVD Technologies

End-use Outlook (Revenue, USD Billion; 2018–2028)

  • Hospitals Clinics
  • Diagnostic Laboratories
  • Homecare Settings
  • Others.

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Geographical Scenario:

The research report segments the regional reach of the In-Vitro Diagnostics Market extensively. According to the research report, the market has steadily established its presence in key regions across North America, Europe, Latin America, Asia-Pacific, and the Middle East Africa. The In-Vitro Diagnostics Market report includes an analysis of the industry share that these regions have gained along with a study of the growth opportunities each region offers. Moreover, the growth rate at which the market is set to expand in these regions is also offered in the report.

The report assesses the market scope in the following regions:

  • North America (U.S., Canada, Mexico)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Report Highlights:

  • The report conducts a comparative assessment of the leading market players participating in the global In-Vitro Diagnostics Market.
  • The report marks the notable developments that have recently taken place in the In-Vitro Diagnostics Market industry
  • It details on the strategic initiatives undertaken by the market competitors for business expansion.
  • It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the In-Vitro Diagnostics Market value chain.
  • The In-Vitro Diagnostics Market report further jots down the major growth prospects for the emerging market players in the leading regions of the market.

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