In Vitro Diagnostics Market Report

Market Insights

In Vitro Diagnostics Market is likely to witness an impressive CAGR of 5.0% during the forecast period. Major factors such as the high prevalence of chronic and infectious diseases, the rapid development of diagnostic kits for the diagnosis of COVID-19 by key companies, and the growing demand for IVD kits and reagents are likely to propel the growth of the in vitro diagnostics market during the forecast period

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Market Segments' Analysis

In Vitro Diagnostics Market Share: By Product Type

Based on the product type, the market is segmented as instruments, reagents, and others. Reagents are estimated to hold the largest share of the market during the forecast period on account of the increasing need for reagents to meet the growing demand for diagnostics across the world, for the diagnosis of COVID-19 infection. 

In Vitro Diagnostics Market Share: By Region

In terms of regions, North America is estimated to be the dominating region in the market over the forecast period on account of its well-established healthcare industry, rising prevalence of chronic diseases in the region, presence of some of the market's major players, and increasing number of product launches. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast perio

Market Scope & Segmentation

In vitro diagnostics are tests which are performed on blood samples or tissues that have been taken from the human body, in order to detect, treat, and prevent diseases.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The In Vitro Diagnostics Market is segmented into the following categories.

In Vitro Diagnostics Market Size, Share, & Forecast, by Test Type:

• Clinical Chemistry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Molecular Diagnostics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Immuno Diagnostics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Hematology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

In Vitro Diagnostics Market Size, Share, & Forecast, by Product Type:

• Instruments (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Reagents (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

In Vitro Diagnostics Market Size, Share, & Forecast, by Usability Type:

• Disposable IVD Devices (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Reusable IVD Devices (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

In Vitro Diagnostics Market Size, Share, & Forecast, by Application Type:

• Infectious Disease (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Diabetes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cancer/Oncology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cardiology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Autoimmune Disease (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Nephrology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

In Vitro Diagnostics Market Size, Share, & Forecast, by End-User Type:

• Diagnostic Laboratories (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Hospitals and Clinics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

In Vitro Diagnostics Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the key players in the In Vitro Diagnostics Market are:

•  Abbott Laboratories
• Arkray Inc.
• Becton, Dickinson and Company
• Biomerieux SA
• Bio-Rad Laboratories, Inc.
• Danaher Corporation
• F. Hoffmann-La Roche Ltd.
• Siemens Healthcare GmbH
• Sysmex Corporation
• Thermo Fischer Scientific Inc.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by end-user type. 

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.