Press Release

Global In-Vitro Diagnostics Market Size and Share By Industry Demand, Worldwide Research, Prominent Players, Emerging Trends, Investment Opportunities and Revenue Expectation till 2027

Introduction of new techniques for disease diagnosis is a key factor driving the global in-vitro diagnostics market, states Fortune Business Insights in a report, titled “In-vitro Diagnostics Market” Size, Share & Industry Analysis, By Product Type (Instruments, Reagents & Consumables), By Technique (Immunodiagnostics, Clinical Chemistry, Molecular Diagnostics, Point of Care, Hematology and Others), By Application (Infectious Diseases, Cardiology, Oncology, Gastroenterology, Others), By End User (Clinical Laboratories, Hospitals, Physicians Offices, Others) and Regional Forecast, 2019-2026.” According to the report, the global in-vitro diagnostics market was valued at USD 61.22 Billion in 2018 is predicted to reach USD 87.11 Billion by 2026, exhibiting a CAGR of 4.5% during the forecast period.

As per the report published by Fortune Business Insights, the reagents and consumables segment is expected to hold maximum shares in the global-vitro diagnostics market during the forecast period owing to the increasing research and development activities for the diagnosis of chronic diseases. In addition, the escalating demand for self-test and point-of-care devices will subsequently increase the demand for reagents and consumables segment, which, will, in, turn boost the global in-vitro diagnostics market revenue during the forecast period.

The report offers an elaborative overview of the trends prevailing in the in-vitro diagnostics industry.  It also includes exclusive data which provides information about the in-vitro diagnostics market dynamics and competitive landscape. The report gives weightage to the segmentation in the global in-vitro diagnostics market and provides proficient facts and figures besides offering informative tools to assist companies in their overall business growth.

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Major In-Vitro Diagnostics Market Key players covered in the report include:

  • Thermo Fisher Scientific Corporation
  • Life Technologies Corporation
  • Biomerieux SA
  • Gen-Probe Incorporated
  • Becton Dickinson
  • Johnson & Johnson
  • Abbot

In-Vitro Diagnostics Market Analysis 2021:

Increasing Prevalence of Chronic and Infectious Disease Will Enable Growth

The launch of diagnostic and rapid testing tools by leading market players will propel growth of the global in-vitro diagnostics market. For instance, Thermo Fisher Scientific launched Phadia 200 for diagnosis of allergy & autoimmune conditions. The launch of Phadia 200 is anticipated to increase the revenue of the company. According to the report, the reagents and consumables segment will account for a major portion in the global in-vitro diagnostics market during the forecast period owing to the adoption of self- test and point-of-care devices. Furthermore, the instrument segment is likely to grow at a moderately slower pace during the forecast period. Rising technological advancement is predicted to aid growth of the segment. Moreover, the increasing cases of cancer and infectious disease around the world will further accelerate global in-vitro diagnostics market growth.

Launch of Altostar Molecular Diagnostics Workflow Will Boost Growth

Altona Diagnostics GmbH, molecular diagnostic testing solutions company launched a CE-IVD marked AltoStar Molecular Diagnostics Workflow. AltoStar Molecular Diagnostics a flexible and efficient automatic system that automates the entire workflow from sample preparation up to analysis. Fortune Business Insights states the launch of CE-IVD marked AltoStar Molecular Diagnostics Workflow is expected to boost the in-vitro diagnostics market revenue. Furthermore, the oncology segment is likely to grow at a considerable rate during the forecast period. Rising adoption and availability of advanced home care kits such as fecal occult blood test (FOBT) for diagnosis of colon cancer in homecare settings is one of the major factor likely to fuel demand for the oncology segment, which, will, in turn, uplift the global in-vitro diagnostics market shares

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Increasing Preference towards In-Vitro Diagnostics to Boost Market

Recent advancements made in in-vitro diagnostic solutions have been fruitful for end users as well as companies and manufacturers. Due to the portability factor, many geriatrics prefer in-vitro diagnostics method over other methods. In addition to geriatrics, in-vitro diagnostics help in the treatment of those with severe chronic ailments and bowel disorders or muscle and joint injuries, wherein physical movements are limited. Backed by increasing demand, many companies are setting up in-vitro diagnostic centres with the aim of maximizing their profit. Growing adoption of in-vitro diagnostics by companies and end-users is boosting the global IVD market and is likely to enable growth of this market in the forecast period.

Increasing FDA Approvals for In-Vitro Reagents to Boost the Global Market

The reagents used in in-vitro diagnostic play a critical role in the overall efficiency and productivity of the diagnostic method. Reagents are used in devices to diagnose, analyse, and monitor the patients’ health conditions. Reagents can either be biological or chemical in nature. Recently, there has been an increasing awareness and realization about the benefits of these in-vitro reagents. Encouraged by numerous advantages and lesser drawbacks, regulatory authorities such as the FDA are passing clinical approvals for in-vitro reagents.

Key questions answered in the report:

  1. What will the market growth rate of In-Vitro Diagnostics market in 2027?
  2. What are the key factors driving the global In-Vitro Diagnostics market?
  3. Who are the key manufacturers in In-Vitro Diagnostics market space?
  4. What are the market opportunities, market risk and market overview of the In-Vitro Diagnostics market?
  5. What are sales, revenue, and price analysis of top manufacturers of In-Vitro Diagnostics market?
  6. Who are the distributors, traders and dealers of In-Vitro Diagnostics market?
  7. What are the In-Vitro Diagnostics market opportunities and threats faced by the vendors in the global In-Vitro Diagnostics industry?
  8. What are sales, revenue, and price analysis by types and applications of In-Vitro Diagnostics market?
  9. What are sales, revenue, and price analysis by regions of In-Vitro Diagnostics industry?

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Table of Content:

1 In-Vitro Diagnostics Market Overview

1.1 In-Vitro Diagnostics Product Overview

1.2 In-Vitro Diagnostics Market Segment by Type

1.3 Global In-Vitro Diagnostics Market Size by Type (2015-2027)

1.3.1 Global In-Vitro Diagnostics Market Size Overview by Type (2015-2027)

1.3.2 Global In-Vitro Diagnostics Historic Market Size Review by Type (2015-2021)

1.3.2.1 Global In-Vitro Diagnostics Sales Market Share Breakdown by Type (2015-2027)

1.3.2.2 Global In-Vitro Diagnostics Market Share Breakdown by Type (2015-2027)

1.3.2.3 Global In-Vitro Diagnostics Average Selling Price (ASP) by Type (2015-2027)

1.3.3 Global In-Vitro Diagnostics Market Size Forecast by Type (2021-2027)

1.3.3.1 Global In-Vitro Diagnostics Sales Market Share Breakdown by Application (2021-2027)

1.3.3.2 Global In-Vitro Diagnostics Revenue Market Share Breakdown by Application (2021-2027)

1.3.3.3 Global In-Vitro Diagnostics Average Selling Price (ASP) by Application (2021-2027)

1.4 Key Regions Market Size Segment by Type (2015-2021)

1.4.1 North America In-Vitro Diagnostics Sales Breakdown by Type (2015-2027)

1.4.2 Europe In-Vitro Diagnostics Sales Breakdown by Type (2015-2027)

1.4.3 Asia-Pacific In-Vitro Diagnostics Sales Breakdown by Type (2015-2027)

1.4.4 Latin America In-Vitro Diagnostics Sales Breakdown by Type (2015-2027)

1.4.5 Middle East and Africa In-Vitro Diagnostics Sales Breakdown by Type (2015-2027)

2 Global In-Vitro Diagnostics Market Competition by Company

2.1 Global Top Players by In-Vitro Diagnostics Sales (2015-2021)

2.2 Global Top Players by In-Vitro Diagnostics Revenue (2015-2021)

2.3 Global Top Players In-Vitro Diagnostics Average Selling Price (ASP) (2015-2021)

2.4 Global Top Company In-Vitro Diagnostics Manufacturing Base Distribution, Sales Area, Product Type

2.5 In-Vitro Diagnostics Market Competitive Situation and Trends

2.5.1 In-Vitro Diagnostics Market Growth Rate (2015-2021)

2.5.2 Global 5 and 10 Largest Company by In-Vitro Diagnostics Sales and Revenue in 2019

2.6 Global Top Company by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in In-Vitro Diagnostics as of 2019)

2.7 Date of Key Company Enter into In-Vitro Diagnostics Market

2.8 Key Company In-Vitro Diagnostics Product Offered

2.9 Mergers and Acquisitions, Expansion

3 Global In-Vitro Diagnostics Status and Outlook by Region (2015-2027)

3.1 Global In-Vitro Diagnostics Market Size and CAGR by Region: 2015 VS 2021 VS 2027

3.2 Global In-Vitro Diagnostics Market Size Market Share by Region (2015-2021)

3.2.1 Global In-Vitro Diagnostics Sales Market Share by Region (2015-2021)

3.2.2 Global In-Vitro Diagnostics Revenue Market Share by Region (2015-2021)

3.2.3 Global In-Vitro Diagnostics Sales, Revenue, Price and Gross Margin (2015-2021)

3.3 Global In-Vitro Diagnostics Market Size Market Share by Region (2021-2027)

3.3.1 Global In-Vitro Diagnostics Sales Market Share by Region (2021-2027)

3.3.2 Global In-Vitro Diagnostics Revenue Market Share by Region (2021-2027)

3.3.3 Global In-Vitro Diagnostics Sales, Revenue, Price and Gross Margin (2021-2027)

3.4 North America In-Vitro Diagnostics Market Size By Growth (2015-2027)

3.4.1 North America In-Vitro Diagnostics Revenue By Growth (2015-2027)

3.4.2 North America In-Vitro Diagnostics Sales By Growth (2015-2027)

3.5 Asia-Pacific In-Vitro Diagnostics Market Size By Growth (2015-2027)

3.5.1 Asia-Pacific In-Vitro Diagnostics Revenue By Growth (2015-2027)

3.5.2 Asia-Pacific In-Vitro Diagnostics Sales By Growth (2015-2027)

3.6 Europe In-Vitro Diagnostics Market Size By Growth (2015-2027)

3.6.1 Europe In-Vitro Diagnostics Revenue By Growth (2015-2027)

3.6.2 Europe In-Vitro Diagnostics Sales By Growth (2015-2027)

3.7 Latin America In-Vitro Diagnostics Market Size By Growth (2015-2027)

3.7.1 Latin America In-Vitro Diagnostics Revenue By Growth (2015-2027)

3.7.2 Latin America In-Vitro Diagnostics Sales By Growth (2015-2027)

3.8 Middle East and Africa In-Vitro Diagnostics Market Size By Growth (2015-2027)

3.8.1 Middle East and Africa In-Vitro Diagnostics Revenue By Growth (2015-2027)

3.8.2 Middle East and Africa In-Vitro Diagnostics Sales By Growth (2015-2027)

4 Global In-Vitro Diagnostics by Application

4.1 In-Vitro Diagnostics Segment by Application

4.1.1 Residential

4.1.2 Commercial

4.2 Global In-Vitro Diagnostics Sales by Application: 2015 VS 2021 VS 2027

4.3 Global In-Vitro Diagnostics Historic Sales by Application (2015-2021)

4.4 Global In-Vitro Diagnostics Forecasted Sales by Application (2021-2027)

4.5 Key Regions In-Vitro Diagnostics Market Size by Application

4.5.1 North America In-Vitro Diagnostics by Application

4.5.2 Europe In-Vitro Diagnostics by Application

4.5.3 Asia-Pacific In-Vitro Diagnostics by Application

4.5.4 Latin America In-Vitro Diagnostics by Application

4.5.5 Middle East and Africa In-Vitro Diagnostics by Application

5 North America In-Vitro Diagnostics Market Size by Country (2015-2027)

5.1 North America Market Size Market Share by Country (2015-2021)

5.1.1 North America In-Vitro Diagnostics Sales Market Share by Country (2015-2021)

5.1.2 North America In-Vitro Diagnostics Revenue Market Share by Country (2015-2021)

5.2 North America Market Size Market Share by Country (2021-2027)

5.2.1 North America In-Vitro Diagnostics Sales Market Share by Country (2021-2027)

5.2.2 North America In-Vitro Diagnostics Revenue Market Share by Country (2021-2027)

5.3 North America Market Size By Growth by Country

5.3.1 U.S. In-Vitro Diagnostics Market Size By Growth (2015-2027)

5.3.2 Canada In-Vitro Diagnostics Market Size By Growth (2015-2027)

6 Europe In-Vitro Diagnostics Market Size by Country (2015-2027)

6.1 Europe Market Size Market Share by Country (2015-2021)

6.1.1 Europe In-Vitro Diagnostics Sales Market Share by Country (2015-2021)

6.1.2 Europe In-Vitro Diagnostics Revenue Market Share by Country (2015-2021)

6.2 Europe Market Size Market Share by Country (2021-2027)

6.2.1 Europe In-Vitro Diagnostics Sales Market Share by Country (2021-2027)

6.2.2 Europe In-Vitro Diagnostics Revenue Market Share by Country (2021-2027)

6.3 Europe Market Size By Growth by Country

6.3.1 Germany In-Vitro Diagnostics Market Size By Growth (2015-2027)

6.3.2 France In-Vitro Diagnostics Market Size By Growth (2015-2027)

6.3.3 U.K. In-Vitro Diagnostics Market Size By Growth (2015-2027)

6.3.4 Italy In-Vitro Diagnostics Market Size By Growth (2015-2027)

6.3.5 Russia In-Vitro Diagnostics Market Size By Growth (2015-2027)

7 Asia-Pacific In-Vitro Diagnostics Market Size by Country (2015-2027)

7.1 Asia-Pacific Market Size Market Share by Country (2015-2021)

7.1.1 Asia-Pacific In-Vitro Diagnostics Sales Market Share by Country (2015-2021)

7.1.2 Asia-Pacific In-Vitro Diagnostics Revenue Market Share by Country (2015-2021)

7.2 Asia-Pacific Market Size Market Share by Country (2021-2027)

7.2.1 Asia-Pacific In-Vitro Diagnostics Sales Market Share by Country (2021-2027)

7.2.2 Asia-Pacific In-Vitro Diagnostics Revenue Market Share by Country (2021-2027)

7.3 Asia-Pacific Market Size By Growth by Country

7.3.1 China In-Vitro Diagnostics Market Size By Growth (2015-2027)

7.3.2 Japan In-Vitro Diagnostics Market Size By Growth (2015-2027)

7.3.3 South Korea In-Vitro Diagnostics Market Size By Growth (2015-2027)

7.3.4 India In-Vitro Diagnostics Market Size By Growth (2015-2027)

7.3.5 Australia In-Vitro Diagnostics Market Size By Growth (2015-2027)

7.3.6 Taiwan In-Vitro Diagnostics Market Size By Growth (2015-2027)

7.3.7 Indonesia In-Vitro Diagnostics Market Size By Growth (2015-2027)

7.3.8 Thailand In-Vitro Diagnostics Market Size By Growth (2015-2027)

7.3.9 Malaysia In-Vitro Diagnostics Market Size By Growth (2015-2027)

7.3.10 Philippines In-Vitro Diagnostics Market Size By Growth (2015-2027)

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Dale Martinez

Dale possesses an engineering degree in Electronics from the Georgia Institute of Technology. She is the sole contributor at the Healthcare IT column. Before opting to write, Dale worked at major firms such as Microsoft, Amazon, GE, Raytheon, and so on. She possesses vast knowledge about a variety of fields like IT, IoT, Telecommunications, Health Dialysis, photovoltaic, and many others. Dale is also a ballet dancer.

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