Us In-vitro Diagnostics (IVD) Instruments Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
In-vitro Diagnostics (IVD) Instruments Market was valued at USD 26.0 Billion in 2022 and is projected to reach USD 42.0 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
Exploring the Growth and Dynamics of the U.S. In-Vitro Diagnostics (IVD) Instruments Market
The U.S. In-Vitro Diagnostics (IVD) instruments market has witnessed significant growth, with projections indicating a rise from approximately USD 41.42 billion in 2024 to USD 57.43 billion by 2030, reflecting a compound annual growth rate (CAGR) of 5.6% during this period. This expansion is primarily driven by technological advancements, an aging population, and the increasing prevalence of chronic diseases.
One notable trend is the development of automated IVD systems designed to deliver efficient, accurate, and error-free diagnostics. These innovations are becoming integral in laboratories and hospitals, enhancing diagnostic capabilities and patient outcomes. For instance, in January 2023, QIAGEN introduced the EZ2 Connect MDx platform, aiming to advance automation in sample processing, thereby streamlining workflows and reducing manual intervention.
The aging demographic in the U.S. significantly contributes to the market's growth. Reports indicate that over 54 million adults aged 65 and above reside in the country, accounting for 16.5% of the total population. This number is projected to surpass 85.7 million by 2050. The elderly population is more susceptible to various diseases, necessitating improved healthcare services and diagnostic solutions to manage and treat age-related health issues effectively.
Technological advancements have also played a crucial role in propelling the IVD instruments market. Innovations in molecular diagnostics, immunoassays, and point-of-care testing have led to the development of more precise and rapid diagnostic tools. For example, in March 2023, Atila Biosystems and Stilla Technologies collaborated to market co-labeled digital PCR kits, enhancing the accuracy and efficiency of diagnostic testing.
Moreover, the market has seen strategic mergers and acquisitions aimed at expanding product portfolios and market reach. In December 2021, Quidel Corporation announced its intention to acquire Ortho Clinical Diagnostics Holdings for $6 billion, a move expected to broaden Quidel's range of COVID-19 antigen and antibody tests, thereby strengthening its position in the diagnostics sector.
In summary, the U.S. In-Vitro Diagnostics instruments market is experiencing robust growth, driven by technological innovations, an increasing elderly population, and strategic industry collaborations. These factors collectively contribute to the enhanced capability of healthcare providers to diagnose and manage diseases more effectively, ultimately improving patient care and outcomes.
Get an In-Depth Research Analysis of the Global In-vitro Diagnostics (IVD) Instruments Market Size And Forecast [2025-2032]
Abbott Laboratories
Danaher
Roche Diagnostics
Siemens Healthcare
Thermo Fisher Scientific
A&T
A. Menarini Diagnostics
Abaxis
Abcam
Accriva Diagnostics
Acon Laboratories
Affymetrix
Ahram Biosystem
ARKRAY
AsuraGen
Biocartis
Bio-Rad Laboratories
CellaVision
Chembio Diagnostic Systems
Sysmex
Clarity Diagnostics
Corgenix
DiagCor
Drucker Diagnostics
Myriad Genetics
BioMerieux
Wondfo
Mindray
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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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Adults
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Global (United States, Global 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 In-vitro Diagnostics (IVD) Instruments 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 In-vitro Diagnostics (IVD) Instruments Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global In-vitro Diagnostics (IVD) Instruments Market, By Type
6. Global In-vitro Diagnostics (IVD) Instruments Market, By Application
7. Global In-vitro Diagnostics (IVD) Instruments Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global In-vitro Diagnostics (IVD) Instruments Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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