NEW YORK, October 18, 2021 / PRNewswire / – Zion Market Research has released a new research report titled “In Vitro Diagnostics (IVD) Market By Product (Instruments, Reagents & Services), By Technology (Immunology, Hematology, Clinical Chemistry, Molecular Diagnostics, Coagulation, Microbiology & Others), By Application (Infectious Diseases, Diabetes, Oncology, Cardiology) , nephrology, autoimmune diseases, drug testing and others) and by end use (hospital, laboratory, home care and others): Global Industry Outlook, Comprehensive Analysis and Forecast, 2018-2025 ”. According to the report, the global market for in vitro diagnostics (IVD) was approximately $ 50,113 million in 2018 and is expected to reach approximately $ 70,730 million by 2025, at a CAGR of approximately 5.01% between 2019 and 2025.

In vitro diagnostics (IVD) is used to identify various types of diseases and infections. In vitro diagnostic products include reagents, instruments, etc. which are used for the analysis of the infection. The demand for in vitro diagnostics (IVD) is increasing due to the increasing frequency of chronic diseases around the world. Other factors that may be driving the growth of the in vitro diagnostics (IVD) market include increasing geriatric population, increasing incidence of long-term lifestyle diseases, increasing number of infectious diseases, the growing vigilance of personalized medicine and the growing acceptance of the point-of-care analysis. However, strict regulatory frameworks and insufficient compensation may restrain the growth of the global in vitro diagnostics (IVD) market to a certain extent.

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The global in vitro diagnostics (IVD) market is categorized on the basis of product, technology, application, and end use. Based on the product, the global in vitro diagnostics (IVD) market is segmented into instruments, reagents, and services. Reagents are expected to dominate the global market over the next few years due to an increase in the number of research and development initiatives and the growing demand for self-test and point-of-service products.

Based on technology, the market includes immunology, coagulation, clinical chemistry, microbiology, hematology, molecular diagnostics, and others. Immunoassays held a large market share in 2018 due to their increased acceptance, as they offer high throughput and high sensitivity at low cost.

By Application, the market includes Cardiology, Infectious Diseases, Autoimmune Diseases, Diabetes, Drug Testing, Nephrology, Oncology, and others. The infectious disease segment is expected to hold the largest market share in the coming years, due to the high incidence of tuberculosis, pneumonia and HIV / AIDS. The oncology segment is expected to experience the fastest CAGR in the coming years, due to the increasing demand for POC diagnostics and self-care devices for long-term disease management.

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Based on the end user, the market includes hospitals, laboratories, home care and others. It is estimated that hospitals will dominate globally in the coming years due to the huge volume of analytical tests performed in hospitals and the increasing incidence of nosocomial infections.

By region, North America will be the fastest growing region in the global in vitro diagnostics (IVD) market going forward. Promising government rules, huge healthcare expenditure and the presence of renowned key players operating in the market are important factors for the development of this regional market. The Asia Pacific is expected to experience the fastest rate of progression during the estimated period, due to the huge unmet clinical demands and the improvement in the healthcare structure in the region.

Some key players in the global in vitro diagnostics (IVD) market are Alere, bioMérieux SA, Becton, Dickinson, and Company, F. Hoffmann-La Roche Ltd., Siemens Healthineers, Qiagen, Hologic, Inc. (Gen-Probe), Abbott, Danaher, Sysmex Corporation, and Cepheid.

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This report segments the global in vitro diagnostics (IVD) market into:

Global In Vitro Diagnostics (IVD) Market: By Product

• Instruments
• Reagents
• Services

Global In Vitro Diagnostics (IVD) Market: By Technology

• Immunology
• Hematology
• Clinical chemistry
• Molecular diagnostics
• Coagulation
• Microbiology
• Others

Global In Vitro Diagnostics (IVD) Market: By Application

• Infectious disease
• Diabetes
• Oncology
• Cardiology
• Nephrology
• Autoimmune diseases
• Drug testing
• Others

Global In Vitro Diagnostics (IVD) Market: By End Use

• Hospital
• Laboratory
• Home Care
• Others

By region

North America

Europe

• France
• Great Britain
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America

• · Brazil
• · Mexico
• Rest of Latin America

Middle East & Africa

• CCG
• South Africa
• Rest of Middle East & Africa

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