IVD Market in US 2021-2025

IVD Market in US 2021-2025

Technavio has been monitoring the IVD market in US and it is poised to grow by $ 7.39 bn during 2021-2025, decelerating at a CAGR of 6.41% during the forecast period. Our report on the IVD market in US 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 market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing geriatric population, chronic, and infectious diseases and high demand for personalized medicine. In addition, the increasing geriatric population, chronic, and infectious diseases is anticipated to boost the growth of the market as well.

The IVD market in US analysis includes technology and component segments.

Technavio's IVD market in US is segmented as below:

By Technology

• Immunochemistry
• Molecular diagnostics
• Tissue diagnostics
• Hematology
• Others

By Component

• Consumables
• Instruments
• Services

This study identifies industry developments as one of the prime reasons driving the IVD market growth in US during the next few years.

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 IVD market in US covers the following areas:

• IVD market sizing
• IVD market forecast
• IVD 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 IVD market vendors in us that include Abbott Laboratories, Becton Dickinson and Co., Bio Rad Laboratories Inc., bioMerieux SA, Danaher Corp., DiaSorin SpA, F. Hoffmann-La Roche Ltd., Siemens Healthineers AG, Sysmex Corp., and Thermo Fisher Scientific Inc. Also, the IVD market in US 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 the accurate market growth.

Companies Mentioned

Abbott Laboratories, Becton Dickinson and Co., Bio Rad Laboratories Inc., bioMerieux SA, Danaher Corp., DiaSorin SpA, F. Hoffmann-La Roche Ltd., Siemens Healthineers AG, Sysmex Corp., Thermo Fisher Scientific Inc.