Global In Vitro Diagnostics Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: May 7, 2021 |

The global in-vitro diagnostics market size is anticipated to register a sustainable CAGR of over 4% during the forecast period 2021 to 2027 and valued at over USD 83 billion in 2020. The rising adoption of in vitro diagnostics due to the increasing number of IVD tests across the globe is a primary factor to drive the market growth. The rapid growth in chronic and infectious diseases around the world is a major factor to increase the IVD test globally.

The advent of automated in vitro diagnostics systems to provide error-free, accurate, and efficient diagnoses in hospitals and laboratories is expected to fuel the market growth. Furthermore, the increasing interest of major players to launch new in vitro diagnosis products is projected to uplift the market over the forecast period. In addition, the rise in the use of personalized medicines in the treatment of various chronic diseases has also led to a boom in the market.

In various economies, the rapid growth in the older population could be attributed to a decline in fertility and a low birth rate. According to United Nations, in 2017, approximately 960 million people were accounted as over 60 years old across the globe. Moreover, it is estimated that around 137 million people accounted at over 80 years old and it is projected to reach around 425 million by 2027.

Market Segment Insights:

The global in-vitro diagnostics market is bifurcated into the product, technology, application, end-user, and geography. On the basis of product, the market is further segmented into instruments, reagents, and services. The reagents segment held the largest market share in terms of revenue and accounted to hold a major market share around two-third of the market in 2020. The segment growth is attributed to the increasing demand for accurate, rapid, and sensitive devices.

In-Vitro Diagnostics Market Size & CAGR

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By application, the in vitro diagnostics market is divided into infectious disease, diabetes, oncology, cardiology, and others. The infectious disease segment dominated the market in 2020 by revenue and accounted to hold the largest share of over 40% of the market. The rising incidence of infectious diseases such as HIV, AIDS, COVID-19, and tuberculosis is a major factor to drive the segment growth by application.

The in vitro diagnostics comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2020 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global In Vitro Diagnostics Market Segmentation:

By Product:

  • Instruments
  • Reagents
  • Services

By Technology:

  • Immunoassay
  • Hematology
  • Clinical Chemistry
  • Molecular Diagnostics
  • Coagulation
  • Microbiology
  • Others

By Application:

  • Infectious Disease
  • Diabetes
  • Oncology
  • Cardiology
  • Nephrology
  • Autoimmune Disease
  • Drug testing
  • Others

By End-User:

  • Hospitals
  • Laboratories
  • Home Care
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

Geographically, North America dominated the global in-vitro diagnostics market in 2020 and estimated to hold the largest revenue share of over 40% of the market around the globe. The increasing incidence of infectious diseases, rising awareness of the consumer regarding infectious diseases, and the presence of the major players have contributed to the market growth in the region. Furthermore, the Asia Pacific is accounted to grow at the fastest growth rate over the forecast period due to the increasing awareness of the patients for early tests and the increasing incidence of chronic diseases in the region.

Market Competition Assessment:

Key players operating in the global in vitro diagnostics market are Abbott, Danaher, bioMerieux SA, Bio-Rad Laboratories, Inc., Becton, Dickinson and Company, and Siemens Healthineers AG. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Abbott
  • Danaher
  • bioMerieux SA
  • Bio-Rad Laboratories, Inc.
  • Becton, Dickinson and Company
  • Siemens Healthineers AG
  • QIAGEN
  • Quidel Corporation
  • Hoffmann-La Roche AG
  • Sysmex Corporation
  • Agilent Technologies

Key Questions Answered by In Vitro Diagnostics Market Report:

  • Global in-vitro diagnostics market forecasts from 2021-2027
  • Regional in vitro diagnostics market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • In-vitro diagnostics submarket forecasts from 2021-2027 covering the market by product, by technology, by application, by end-user, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to in vitro diagnostics market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level in vitro diagnostics markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the in vitro diagnostics market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global In Vitro Diagnostics Market Portraiture
2.2. Global In Vitro Diagnostics Market, by Product, 2020 (USD Mn)
2.3. Global In Vitro Diagnostics Market, by Technology, 2020 (USD Mn)
2.4. Global In Vitro Diagnostics Market, by Application, 2020 (USD Mn)
2.5. Global In Vitro Diagnostics Market, by End-User, 2020 (USD Mn)
2.6. Global In Vitro Diagnostics Market, by Geography, 2020 (USD Mn)

 

3. Global In Vitro Diagnostics Market Analysis


3.1. In Vitro Diagnostics Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis
3.6.1. V Shaped Recovery
3.6.2. U Shaped Recovery
3.6.3. L Shaped Recovery
3.6.4. W Shaped Recovery

 

4. Global In Vitro Diagnostics Market By Product, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Instruments
4.3. Reagents
4.4. Services

 

5. Global In Vitro Diagnostics Market By Technology, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Immunoassay
5.3. Hematology
5.4. Clinical Chemistry
5.5. Molecular Diagnostics
5.6. Coagulation
5.7. Microbiology
5.8. Others

 

6. Global In Vitro Diagnostics Market By Application, 2018 – 2027 (USD Mn)


6.1. Overview
6.2. Infectious Disease
6.3. Diabetes
6.4. Oncology
6.5. Cardiology
6.6. Nephrology
6.7. Autoimmune Disease
6.8. Drug testing
6.9. Others

 

7. Global In Vitro Diagnostics Market By End-User, 2018 – 2027 (USD Mn)


7.1. Overview
7.2. Hospitals
7.3. Laboratories
7.4. Home Care
7.5. Others

 

8. North America In Vitro Diagnostics Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. North America In Vitro Diagnostics Market by Product (2018-2027 USD Mn)
8.1.3. North America In Vitro Diagnostics Market by Technology (2018-2027 USD Mn)
8.1.4. North America In Vitro Diagnostics Market by Application (2018-2027 USD Mn)
8.1.5. North America In Vitro Diagnostics Market by End-User (2018-2027 USD Mn)
8.1.6. North America In Vitro Diagnostics Market by Country (2018-2027 USD Mn)
8.1.6.1. U.S.
8.1.6.1.1. U.S. In Vitro Diagnostics Market by Product (2018-2027 USD Mn)
8.1.6.1.2. U.S. In Vitro Diagnostics Market by Technology (2018-2027 USD Mn)
8.1.6.1.3. U.S. In Vitro Diagnostics Market by Application (2018-2027 USD Mn)
8.1.6.1.4. U.S. In Vitro Diagnostics Market by End-User (2018-2027 USD Mn)
8.1.6.2. Canada
8.1.6.2.1. Canada In-Vitro Diagnostics Market by Product (2018-2027 USD Mn)
8.1.6.2.2. Canada In-Vitro Diagnostics Market by Technology (2018-2027 USD Mn)
8.1.6.2.3. Canada In-Vitro Diagnostics Market by Application (2018-2027 USD Mn)
8.1.6.2.4. Canada In-Vitro Diagnostics Market by End-User (2018-2027 USD Mn)

 

9. Europe In Vitro Diagnostics Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Europe In Vitro Diagnostics Market by Product (2018-2027 USD Mn)
9.1.3. Europe In Vitro Diagnostics Market by Technology (2018-2027 USD Mn)
9.1.4. Europe In Vitro Diagnostics Market by Application (2018-2027 USD Mn)
9.1.5. Europe In Vitro Diagnostics Market by End-User (2018-2027 USD Mn)
9.1.6. Europe In Vitro Diagnostics Market by Country (2018-2027 USD Mn)
9.1.6.1. Germany
9.1.6.1.1. Germany In Vitro Diagnostics Market by Product (2018-2027 USD Mn)
9.1.6.1.2. Germany In Vitro Diagnostics Market by Technology (2018-2027 USD Mn)
9.1.6.1.3. Germany In Vitro Diagnostics Market by Application (2018-2027 USD Mn)
9.1.6.1.4. Germany In Vitro Diagnostics Market by End-User (2018-2027 USD Mn)
9.1.6.2. U.K.
9.1.6.2.1. U.K. In Vitro Diagnostics Market by Product (2018-2027 USD Mn)
9.1.6.2.2. U.K. In Vitro Diagnostics Market by Technology (2018-2027 USD Mn)
9.1.6.2.3. U.K. In Vitro Diagnostics Market by Application (2018-2027 USD Mn)
9.1.6.2.4. U.K. In Vitro Diagnostics Market by End-User (2018-2027 USD Mn)
9.1.6.3. France
9.1.6.3.1. France In Vitro Diagnostics Market by Product (2018-2027 USD Mn)
9.1.6.3.2. France In Vitro Diagnostics Market by Technology (2018-2027 USD Mn)
9.1.6.3.3. France In Vitro Diagnostics Market by Application (2018-2027 USD Mn)
9.1.6.3.4. France In Vitro Diagnostics Market by End-User (2018-2027 USD Mn)
9.1.6.4. Italy
9.1.6.4.1. Italy In Vitro Diagnostics Market by Product (2018-2027 USD Mn)
9.1.6.4.2. Italy In Vitro Diagnostics Market by Technology (2018-2027 USD Mn)
9.1.6.4.3. Italy In Vitro Diagnostics Market by Application (2018-2027 USD Mn)
9.1.6.4.4. Italy In Vitro Diagnostics Market by End-User (2018-2027 USD Mn)
9.1.6.5. Rest of Europe
9.1.6.5.1. Rest of Europe In Vitro Diagnostics Market by Product (2018-2027 USD Mn)
9.1.6.5.2. Rest of Europe In Vitro Diagnostics Market by Technology (2018-2027 USD Mn)
9.1.6.5.3. Rest of Europe In Vitro Diagnostics Market by Application (2018-2027 USD Mn)
9.1.6.5.4. Rest of Europe In Vitro Diagnostics Market by End-User (2018-2027 USD Mn)

 

10. Asia Pacific In Vitro Diagnostics Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. Asia Pacific In Vitro Diagnostics Market by Product (2018-2027 USD Mn)
10.1.3. Asia Pacific In Vitro Diagnostics Market by Technology (2018-2027 USD Mn)
10.1.4. Asia Pacific In Vitro Diagnostics Market by Application (2018-2027 USD Mn)
10.1.5. Asia Pacific In Vitro Diagnostics Market by End-User (2018-2027 USD Mn)
10.1.6. Asia Pacific In Vitro Diagnostics Market by Country (2018-2027 USD Mn)
10.1.6.1. China
10.1.6.1.1. China In Vitro Diagnostics Market by Product (2018-2027 USD Mn)
10.1.6.1.2. China In Vitro Diagnostics Market by Technology (2018-2027 USD Mn)
10.1.6.1.3. China In Vitro Diagnostics Market by Application (2018-2027 USD Mn)
10.1.6.1.4. China In Vitro Diagnostics Market by End-User (2018-2027 USD Mn)
10.1.6.2. Japan
10.1.6.2.1. Japan In Vitro Diagnostics Market by Product (2018-2027 USD Mn)
10.1.6.2.2. Japan In Vitro Diagnostics Market by Technology (2018-2027 USD Mn)
10.1.6.2.3. Japan In Vitro Diagnostics Market by Application (2018-2027 USD Mn)
10.1.6.2.4. Japan In Vitro Diagnostics Market by End-User (2018-2027 USD Mn)
10.1.6.3. Rest of Asia Pacific
10.1.6.3.1. Rest of Asia Pacific In Vitro Diagnostics Market by Product (2018-2027 USD Mn)
10.1.6.3.2. Rest of Asia Pacific In Vitro Diagnostics Market by Technology (2018-2027 USD Mn)
10.1.6.3.3. Rest of Asia Pacific In Vitro Diagnostics Market by Application (2018-2027 USD Mn)
10.1.6.3.4. Rest of Asia Pacific In Vitro Diagnostics Market by End-User (2018-2027 USD Mn)

 

11. Latin America (LATAM) In Vitro Diagnostics Market Analysis and Forecast, 2018 – 2027 (USD Mn)


11.1.1. Overview
11.1.2. Latin America In Vitro Diagnostics Market by Product (2018-2027 USD Mn)
11.1.3. Latin America In Vitro Diagnostics Market by Technology (2018-2027 USD Mn)
11.1.4. Latin America In Vitro Diagnostics Market by Application (2018-2027 USD Mn)
11.1.5. Latin America In Vitro Diagnostics Market by End-User (2018-2027 USD Mn)
11.1.6. Latin America In Vitro Diagnostics Market by Country (2018-2027 USD Mn)
11.1.6.1. Brazil
11.1.6.1.1. Brazil In Vitro Diagnostics Market by Product (2018-2027 USD Mn)
11.1.6.1.2. Brazil In Vitro Diagnostics Market by Technology (2018-2027 USD Mn)
11.1.6.1.3. Brazil In Vitro Diagnostics Market by Application (2018-2027 USD Mn)
11.1.6.1.4. Brazil In Vitro Diagnostics Market by End-User (2018-2027 USD Mn)
11.1.6.2. Mexico
11.1.6.2.1. Mexico In Vitro Diagnostics Market by Product (2018-2027 USD Mn)
11.1.6.2.2. Mexico In Vitro Diagnostics Market by Technology (2018-2027 USD Mn)
11.1.6.2.3. Mexico In Vitro Diagnostics Market by Application (2018-2027 USD Mn)
11.1.6.2.4. Mexico In Vitro Diagnostics Market by End-User (2018-2027 USD Mn)
11.1.6.3. Rest of Latin America
11.1.6.3.1. Rest of Latin America In Vitro Diagnostics Market by Product (2018-2027 USD Mn)
11.1.6.3.2. Rest of Latin America In Vitro Diagnostics Market by Technology (2018-2027 USD Mn)
11.1.6.3.3. Rest of Latin America In Vitro Diagnostics Market by Application (2018-2027 USD Mn)
11.1.6.3.4. Rest of Latin America In Vitro Diagnostics Market by End-User (2018-2027 USD Mn)

 

12. Middle East and Africa In Vitro Diagnostics Market Analysis and Forecast, 2018 – 2027 (USD Mn)


12.1.1. Overview
12.1.2. MEA In Vitro Diagnostics Market by Product (2018-2027 USD Mn)
12.1.3. MEA In Vitro Diagnostics Market by Technology (2018-2027 USD Mn)
12.1.4. MEA In Vitro Diagnostics Market by Application (2018-2027 USD Mn)
12.1.5. MEA In Vitro Diagnostics Market by End-User (2018-2027 USD Mn)
12.1.6. Middle East and Africa In Vitro Diagnostics Market, by Country (2018-2027 USD Mn)
12.1.6.1. GCC
12.1.6.1.1. GCC In Vitro Diagnostics Market by Product (2018-2027 USD Mn)
12.1.6.1.2. GCC In Vitro Diagnostics Market by Technology (2018-2027 USD Mn)
12.1.6.1.3. GCC In Vitro Diagnostics Market by Application (2018-2027 USD Mn)
12.1.6.1.4. GCC In Vitro Diagnostics Market by End-User (2018-2027 USD Mn)
12.1.6.2. Rest of MEA
12.1.6.2.1. Rest of MEA In Vitro Diagnostics Market by Product (2018-2027 USD Mn)
12.1.6.2.2. Rest of MEA In Vitro Diagnostics Market by Technology (2018-2027 USD Mn)
12.1.6.2.3. Rest of MEA In Vitro Diagnostics Market by Application (2018-2027 USD Mn)
12.1.6.2.4. Rest of MEA In Vitro Diagnostics Market by End-User (2018-2027 USD Mn)

 

13. Company Profiles


13.1. Abbott
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Danaher
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. bioMerieux SA
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. Bio-Rad Laboratories, Inc.
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. Becton, Dickinson and Company
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Siemens Healthineers AG
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. QIAGEN
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. Quidel Corporation
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. F. Hoffmann-La Roche AG
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. Sysmex Corporation
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis
13.11. Agilent Technologies
13.11.1. Business Description
13.11.2. Financial Health and Budget Allocation
13.11.3. Product Positions/Portfolio
13.11.4. Recent Development
13.11.5. SWOT Analysis
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