Global IVD Market Growth (Status and Outlook) 2024-2030

Global IVD Market Growth (Status and Outlook) 2024-2030

According to our LPI (LP Information) latest study, the global IVD market size was valued at US$ 6859.5 million in 2023. With growing demand in downstream market, the IVD is forecast to a readjusted size of US$ 8322.9 million by 2030 with a CAGR of 2.8% during review period.

The research report highlights the growth potential of the global IVD market. IVD are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of IVD. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the IVD market.

In vitro diagnostics are tests done on samples such as blood or tissue that have been taken from the human body. In vitro diagnostics can detect diseases or other conditions, and can be used to monitor a person’s overall health to help cure, treat, or prevent diseases.

In vitro diagnostics may also be used in precision medicine to identify patients who are likely to benefit from specific treatments or therapies. These in vitro diagnostics can include next generation sequencing tests, which scan a person’s DNA to detect genomic variations. Some tests are used in laboratory or other health professional settings and other tests are for consumers to use at home.

Key Features:

The report on IVD market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the IVD market. It may include historical data, market segmentation by Type (e.g., Immuno Diagnostics, Chemistry Diagnostics), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the IVD market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the IVD market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the IVD industry. This include advancements in IVD technology, IVD new entrants, IVD new investment, and other innovations that are shaping the future of IVD.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the IVD market. It includes factors influencing customer ' purchasing decisions, preferences for IVD product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the IVD market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting IVD market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the IVD market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the IVD industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the IVD market.

Market Segmentation:

IVD market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Segmentation by type
Immuno Diagnostics
Chemistry Diagnostics
Molecular Diagnostics
POCT
Others

Segmentation by application
Diabetes
Infectious Diseases
Oncology/Cancer
Cardiology
Nephrology
Autoimmune Diseases
Drug Testing/Pharmacogenomics
HIV/AIDS
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Roche Diagnostics
Danaher Corporation
Abbott Laboratories
Siemens
Sysmex
Thermo Fisher Scientific
Becton, Dickinson and Company
Biomérieux Sa
Bio-Rad Laboratories
Johnson & Johnson
Agilent Technologies
Qiagen
Diasorin
Ortho Clinical Diagnostics

Please note: The report will take approximately 2 business days to prepare and deliver.