IVD Products Market size was valued at USD 60.68 Billion in 2024 and is forecasted to grow at a CAGR of 4.8% from 2026 to 2033, reaching USD 92.12 Billion by 2033.
In 2022, the global In Vitro Diagnostics (IVD) market was valued at approximately USD 82.39 billion and is projected to reach USD 120.9 billion by 2028, growing at a compound annual growth rate (CAGR) of 6.6% during the forecast period. North America held a significant share, with the market valued at USD 50.16 billion in 2022. However, it is expected to experience a decline at a CAGR of 2.89% from 2023 to 2030, primarily due to the reduced demand for COVID 19 diagnostic tests. Europes IVD market was valued at USD 30.6 billion in 2022, with projections indicating a decrease to USD 28.5 billion in 2023. The Asia Pacific region demonstrated robust growth, with the market increasing from USD 20.7 billion in 2020 to USD 26.7 billion in 2022. This growth is attributed to the rising prevalence of chronic diseases and advancements in healthcare infrastructure. Opportunities in the IVD market include the development of personalized medicine, expansion into emerging markets, and integration of artificial intelligence in diagnostics, which are expected to drive future growth across various regions.
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Roche
Abbott
Danaher
Siemens Healthineers
Thermo Fisher Scientific
Sysmex
Biomerieux
Ortho Clinical Diagnostics
Becton Dickinson
Bio-Rad Laboratories
Roche
Johnson and Johnson
Qiagen
Myriad Genetics
Wondfo
KHB
DAAN Gene
Leadman Biochemistry
Mindray
BioSino
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global IVD Products Market
Reagents
Instruments
Kits
Software
Control Products
Immunoassays
Molecular Diagnostics
Clinical Chemistry
Microbiology
Hemostasis
Point-of-Care Testing
Oncology
Infectious Diseases
Cardiology
Diabetes
Neurology
Endocrinology
Hospitals
Diagnostic Laboratories
Research Institutions
Point-of-Care Settings
Home Care Settings
Direct Sales
Distributors
Online Sales
Retail Pharmacies
Group Purchasing Organizations (GPOs)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global IVD Products Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global IVD Products Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global IVD Products Market, By Type
6. Global IVD Products Market, By Application
7. Global IVD Products Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global IVD Products Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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