Global Medical Diagnostics Market 2023-2027

Global Medical Diagnostics Market 2023-2027

Technavio has been monitoring the medical diagnostics market and it is poised to grow by $ 74.58 bn during 2023-2027, accelerating at a CAGR of 6.15% during the forecast period. Our report on the medical diagnostics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the high prevalence of infectious diseases, growing geriatric population, and the demand for personalized medicine.

Technavio's medical diagnostics market is segmented as below:

By Type

  • IVD
  • Diagnostic imaging
By End-user
  • Hospitals and clinics
  • Diagnostic centers
  • Research laboratories and institutes
  • Others
By Geographical Landscape
  • North America
  • Asia
  • Europe
  • Rest of World (ROW)
This study identifies the global adoption of advanced treatment solutions as one of the prime reasons driving the medical diagnostics market growth during the next few years. Also, innovations in digital in-vitro diagnostics sector and the use of digital health in rapid diagnostics for poc will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on medical diagnostics market covers the following areas:
  • Medical diagnostics market sizing
  • Medical diagnostics market forecast
  • Medical diagnostics market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medical diagnostics market vendors that include 3M Co., Abbott Laboratories, Agilent Technologies Inc., Becton Dickinson and Co., Bio Rad Laboratories Inc., bioMerieux SA, Charles River Laboratories, Danaher Corp., DiaSorin SpA, F. Hoffmann La Roche Ltd., General Electric Co., Hologic Inc., Medtronic Plc, QIAGEN NV, Quest Diagnostics Inc., Quidel Corp., Siemens AG, Sysmex Corp., and Thermo Fisher Scientific Inc. Also, the medical diagnostics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Chart on Market Overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Chart on Global Market Characteristics
      • Table Executive Summary - Chart on Market by Geography
      • Table Executive Summary - Chart on Market Segmentation by Type
      • Table Executive Summary - Chart on Market Segmentation by End-user
      • Table Executive Summary - Chart on Incremental Growth
      • Table Executive Summary - Data Table on Incremental Growth
      • Table Executive Summary - Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Global medical diagnostics market 2017 - 2021
      • Table Historic Market Size - Data Table on Global medical diagnostics market 2017 - 2021 ($ billion)
    • Type Segment Analysis 2017 - 2021
      • Table Historic Market Size - Type Segment 2017 - 2021 ($ billion)
    • End-user Segment Analysis 2017 - 2021
      • Table Historic Market Size - End-user Segment 2017 - 2021 ($ billion)
    • Geography Segment Analysis 2017 - 2021
      • Table Historic Market Size - Geography Segment 2017 - 2021 ($ billion)
    • Country Segment Analysis 2017 - 2021
      • Table Historic Market Size - Country Segment 2017 - 2021 ($ billion)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers - Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants - Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes - Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry - Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2022-2027 (%)
      • Table Data Table on Type - Market share 2022-2027 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • IVD - Market size and forecast 2022-2027
      • Table Chart on IVD - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on IVD - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on IVD - Year-over-year growth 2022-2027 (%)
      • Table Data Table on IVD - Year-over-year growth 2022-2027 (%)
    • Diagnostic imaging - Market size and forecast 2022-2027
      • Table Chart on Diagnostic imaging - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Diagnostic imaging - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Diagnostic imaging - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Diagnostic imaging - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ billion)
  • Market Segmentation by End-user
    • Market segments
      • Table Chart on End-user - Market share 2022-2027 (%)
      • Table Data Table on End-user - Market share 2022-2027 (%)
    • Comparison by End-user
      • Table Chart on Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Hospitals and clinics - Market size and forecast 2022- 2027
      • Table Chart on Hospitals and clinics - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Hospitals and clinics - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Hospitals and clinics - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Hospitals and clinics - Year-over-year growth 2022-2027 (%)
    • Diagnostic centers - Market size and forecast 2022-2027
      • Table Chart on Diagnostic centers - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Diagnostic centers - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Diagnostic centers - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Diagnostic centers - Year-over-year growth 2022-2027 (%)
    • Research laboratories and institutes - Market size and forecast 2022-2027
      • Table Chart on Research laboratories and institutes - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Research laboratories and institutes - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Research laboratories and institutes - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Research laboratories and institutes - Year-over-year growth 2022-2027 (%)
    • Others - Market size and forecast 2022-2027
      • Table Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Others - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Others - Year-over-year growth 2022-2027 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user ($ billion)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2022-2027 (%)
      • Table Data Table on Market share by geography 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • North America - Market size and forecast 2022-2027
      • Table Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on North America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on North America - Year-over-year growth 2022-2027 (%)
    • Asia - Market size and forecast 2022-2027
      • Table Chart on Asia - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Asia - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Asia - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Asia - Year-over-year growth 2022-2027 (%)
    • Europe - Market size and forecast 2022-2027
      • Table Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • Rest of World (ROW) - Market size and forecast 2022- 2027
      • Table Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
    • US - Market size and forecast 2022-2027
      • Table Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on US - Year-over-year growth 2022-2027 (%)
      • Table Data Table on US - Year-over-year growth 2022-2027 (%)
    • China - Market size and forecast 2022-2027
      • Table Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on China - Year-over-year growth 2022-2027 (%)
      • Table Data Table on China - Year-over-year growth 2022-2027 (%)
    • Japan - Market size and forecast 2022-2027
      • Table Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • Germany - Market size and forecast 2022-2027
      • Table Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • UK - Market size and forecast 2022-2027
      • Table Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on UK - Year-over-year growth 2022-2027 (%)
      • Table Data Table on UK - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Market drivers
      • High prevalence of infectious diseases
      • Growing geriatric population
      • Demand for personalized medicine
    • Market challenges
      • Lack of trained laboratory technicians
      • Stringent regulatory bodies guiding in-vitro diagnostics manufacturers
      • Inadequate reimbursements
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Global adoption of advanced treatment solutions
      • Innovations in digital in-vitro diagnostics sector
      • Use of digital health in rapid diagnostics for POC
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • 3M Co.
      • Table 3M Co. - Overview
      • Table 3M Co. - Business segments
      • Table 3M Co. - Key news
      • Table 3M Co. - Key offerings
      • Table 3M Co. - Segment focus
    • Abbott Laboratories
      • Table Abbott Laboratories - Overview
      • Table Abbott Laboratories - Business segments
      • Table Abbott Laboratories - Key news
      • Table Abbott Laboratories - Key offerings
      • Table Abbott Laboratories - Segment focus
    • Agilent Technologies Inc.
      • Table Agilent Technologies Inc. - Overview
      • Table Agilent Technologies Inc. - Business segments
      • Table Agilent Technologies Inc. - Key news
      • Table Agilent Technologies Inc. - Key offerings
      • Table Agilent Technologies Inc. - Segment focus
    • Bio Rad Laboratories Inc.
      • Table Bio Rad Laboratories Inc. - Overview
      • Table Bio Rad Laboratories Inc. - Business segments
      • Table Bio Rad Laboratories Inc. - Key news
      • Table Bio Rad Laboratories Inc. - Key offerings
      • Table Bio Rad Laboratories Inc. - Segment focus
    • bioMerieux SA
      • Table bioMerieux SA - Overview
      • Table bioMerieux SA - Product / Service
      • Table bioMerieux SA - Key offerings
    • Charles River Laboratories
      • Table Charles River Laboratories - Overview
      • Table Charles River Laboratories - Business segments
      • Table Charles River Laboratories - Key news
      • Table Charles River Laboratories - Key offerings
      • Table Charles River Laboratories - Segment focus
    • Danaher Corp.
      • Table Danaher Corp. - Overview
      • Table Danaher Corp. - Business segments
      • Table Danaher Corp. - Key news
      • Table Danaher Corp. - Key offerings
      • Table Danaher Corp. - Segment focus
    • DiaSorin SpA
      • Table DiaSorin SpA - Overview
      • Table DiaSorin SpA - Business segments
      • Table DiaSorin SpA - Key news
      • Table DiaSorin SpA - Key offerings
      • Table DiaSorin SpA - Segment focus
    • F. Hoffmann La Roche Ltd.
      • Table F. Hoffmann La Roche Ltd. - Overview
      • Table F. Hoffmann La Roche Ltd. - Business segments
      • Table F. Hoffmann La Roche Ltd. - Key news
      • Table F. Hoffmann La Roche Ltd. - Key offerings
      • Table F. Hoffmann La Roche Ltd. - Segment focus
    • General Electric Co.
      • Table General Electric Co. - Overview
      • Table General Electric Co. - Business segments
      • Table General Electric Co. - Key news
      • Table General Electric Co. - Key offerings
      • Table General Electric Co. - Segment focus
    • Hologic Inc.
      • Table Hologic Inc. - Overview
      • Table Hologic Inc. - Business segments
      • Table Hologic Inc. - Key news
      • Table Hologic Inc. - Key offerings
      • Table Hologic Inc. - Segment focus
    • QIAGEN NV
      • Table QIAGEN NV - Overview
      • Table QIAGEN NV - Product / Service
      • Table QIAGEN NV - Key news
      • Table QIAGEN NV - Key offerings
    • Quest Diagnostics Inc.
      • Table Quest Diagnostics Inc. - Overview
      • Table Quest Diagnostics Inc. - Business segments
      • Table Quest Diagnostics Inc. - Key offerings
      • Table Quest Diagnostics Inc. - Segment focus
    • Siemens AG
      • Table Siemens AG - Overview
      • Table Siemens AG - Business segments
      • Table Siemens AG - Key news
      • Table Siemens AG - Key offerings
      • Table Siemens AG - Segment focus
    • Thermo Fisher Scientific Inc.
      • Table Thermo Fisher Scientific Inc. - Overview
      • Table Thermo Fisher Scientific Inc. - Business segments
      • Table Thermo Fisher Scientific Inc. - Key news
      • Table Thermo Fisher Scientific Inc. - Key offerings
      • Table Thermo Fisher Scientific Inc. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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