The global in vitro diagnostics market size was valued at $71 billion in 2020 and is projected to reach $106 billion by 2030, growing at a CAGR of 4.1% from 2021 to 2030. Advancements in technology, increasing prevalence of chronic diseases, aging population, personalized medicine, Point-of-Care Testing (POCT) Expansion, and regulatory and reimbursement support are some of the key factors playing a crucial role in the growth of the In-Vitro Diagnostics (IVD) market. The IVD industry continuously witnessed technological advancements, such as molecular diagnostics, point-of-care testing (POCT), and lab automation. These innovations improved the accuracy, speed, and efficiency of diagnostic tests, leading to increased adoption by healthcare providers. Further, the rising incidence of chronic diseases like diabetes, cardiovascular diseases, cancer, and infectious diseases drove the demand for diagnostic tests to aid early detection, monitoring, and disease management.
As the global population aged, the demand for healthcare services, including diagnostic tests, grew. Older adults are more susceptible to various age-related conditions, necessitating frequent diagnostic evaluations. In addition, the trend toward personalized medicine and targeted therapies created a higher demand for diagnostics that can provide specific genetic information and biomarker analysis to tailor treatments to individual patients.
Increased awareness of preventive healthcare and the importance of early disease detection encouraged people to undergo regular diagnostic testing, supporting the IVD market growth and the adoption of POCT devices increased, driven by the need for rapid and convenient testing in various settings, such as hospitals, clinics, and remote areas.
Growing healthcare infrastructure, increasing disposable incomes, and rising healthcare expenditure in emerging markets contributed to the expansion of the IVD market in these regions. Moreover, favorable government policies, increased regulatory approvals, and improved reimbursement scenarios in some regions facilitated market growth.
The report is segmented by product & service, technique, application, end user, and region. By product & service, the market is segmented into reagents, instruments, and services & software. Further, by technique, it is categorized into immunodiagnostics, hematology, molecular diagnostics, tissue diagnostics, clinical chemistry, and others. In addition, the immunodiagnostics segment is further divided into types such as enzyme-linked immunospot (ELISPOT), enzyme-linked immunosorbent assay (ELISA), rapid tests, radioimmunoassay (RIA), and western blot. Moreover, the ELSIA segment is further divided into chemiluminescence immunoassay (CLIA), fluorescence immunoassay (FIA), and colorimetric immunoassay (CI). Similarly, the molecular diagnostics segment is divided into polymerize chain reaction (PCR), isothermal nucleic acid amplification technology (INAAT), hybridization, DNA diagnostics, microarray, and others.
The clinical chemistry segment is also further divided into basic metabolic panel, liver panel, lipid profile, thyroid function panel, electrolyte panel, specialty chemicals, and others. By application, the market is segmented into infectious diseases, cancer, cardiac diseases, immune system disorders, nephrological diseases, gastrointestinal diseases, and others. On the basis of end user, the market is categorized into hospitals, standalone laboratories, academics & medical schools, point-of-care, and others.
The key players in the market are QIAGEN N.V., Abbott Laboratories, Bio-Rad Laboratories, Inc., bioMérieux SA, F. Hoffmann-La Roche AG, Siemens AG, Danaher Corporation (Beckman Coulter, Inc.), Sysmex Corporation, Becton, Dickinson and Company, Thermo Fisher Scientific, Inc.Key.
Market Segmentation – Global In-Vitro Diagnostics Market
By Product And Services
By End User
Key Market Players QIAGEN N.V., Abbott Laboratories, Bio-Rad Laboratories, Inc., bioMérieux SA, F. Hoffmann-La Roche AG, Siemens AG, Danaher Corporation (Beckman Coulter, Inc.), Sysmex Corporation, Becton, Dickinson and Company,Thermo Fisher Scientific, Inc.Key