In Vitro Diagnostics Market Size By Type (Product [Reagents & Kits, Instruments], Service [Software, Testing Services]), By Technology (Clinical Chemistry, Immunoassay/Immunochemistry, Molecular Diagnostics, Hematology, Microbiology, Coagulation & Hemostasis, Urinalysis), By Application (Oncology, Infectious Diseases, Diabetes, Cardiology, Nephrology, Autoimmune Diseases, Drug Testing/ Pharmacogenomics), By End-user (Hospitals, Point-Of-Care Testing, Laboratories, Academic Institutes), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Aug 2019  |  Report ID: GMI2820  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 244   |   Base Year: 2018

Summary Table of Contents Industry Coverage Methodology

Industry Trends

In Vitro Diagnostics Market size was valued at USD 66.4 billion in 2018 and is expected to witness over 5.5% CAGR from 2019 to 2025. Technological advancements in in-vitro diagnostic tools is the primary factor driving business growth. Focus of business players on introduction of innovative and cutting-edge IVD products will foster the business growth. 

U.S. In-vitro Diagnostics Market, By Type, 2018 & 2025 (USD Million)

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Furthermore, rising investments in the improvement of healthcare sector by government and other organizations will serve to be positive impact rendering factor in the business growth. Numerous initiatives undertaken by government to provide information and education about personalized medication and IVD tools for efficient patient management will spur the market growth. However, excessive cost of in-vitro diagnosis services may hinder industry growth during the forecast period. 

In Vitro Diagnostics Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 66.4 Billion (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 5.5% 2025 Value Projection: 95 Billion (USD)
Pages: 244 Tables, Charts & Figures: 352
Geographies covered (17): U.S., Canada, Germany, France, UK, Italy, Spain, Russia, China, Japan, India, Australia, Brazil, Mexico, Saudi Arabia, South Africa, UAE
Segments covered: Type, Technology, Application, End-user and Region
Companies covered (15): Abbott, BD, Bio-Rad Laboratories, Inc., bioMérieux SA, Cephied (Danaher Corporation), Grifols, S.A., Johnson & Johnson Services, Inc., Luminex, LivaNova PLC (Sorin), Ortho Clinical Diagnostics, Qiagen, F. Hoffmann-La Roche Ltd, Siemens AG, Sysmex Corporation, Thermo Fisher Scientific
Growth Drivers:
  • Growing rate of healthcare infections particularly in North America
  • Increasing adoption rate of automated diagnostic machine and equipment in Europe
  • Rising geriatric population preferring personalized medicines in Asia Pacific
  • Surging number of pathology labs and services equipped with advanced diagnostics machine
  • Increasing awareness regarding viral disease detection in the U.S.
Pitfalls & Challenges:
  • Excessive cost of diagnostic service

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In Vitro Diagnostics Market, By Type

IVD products segment held around 25% revenue share in 2018. Increasing burden of infectious diseases will surge the demand for in-vitro diagnostic reagents and kits. Focus of business players on developing advanced kits for quick and reliable diagnosis should augment segmental growth. 

Service segment is estimated to show robust CAGR of around 5% through 2025. Growing demand for software in diagnostic testing services by clinicians and doctors to diagnose various chronic diseases will boost the market growth. 

IVD Market, By Technology

In vitro diagnostics market share from clinical chemistry technology segment was valued at over USD 13.5 billion in 2018 and is estimated to show similar growth. Various applications of clinical chemistry including detection of hormone fluctuations and blood glucose levels will propel overall market demand. 

Urinalysis is projected to show more than 5.5% CAGR through 2025. Segment growth is attributable to increasing prevalence of kidney disorders in developed as well as developing economies. 

Germany In Vitro Diagnostics Market

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In Vitro Diagnostics Market, By Application

Cardiology application exceeded USD 11 billion in 2018. Rising prevalence of cardiovascular diseases such as coronary artery disease, arrhythmia and stroke globally will drive demand for in-vitro diagnostics tools. 

Oncology segment is projected to witness more than 6% CAGR up to 2025. Availability of advanced home kits such as fecal occult blood test (FOBT) for diagnosis of colon cancer in homecare settings will prove beneficial for market demand. 

By End-user

Hospitals segment crossed around USD 20 billion revenue in 2018. Presence of skilled healthcare professionals and technologically progressive medical devices in hospitals will foster business growth over 2019-2025. 

Point of care testing segment held considerable revenue share in 2018 and is estimated to show more than 6.5% CAGR during 2019-2025. Point of care diagnostic tests include biosensors, pregnancy kits and glucose meters among others that ensure quick and accurate results. Growing demand for such point of care products and services will thus augment segmental growth. 

Regional Outlook

Asia Pacific IVD Market

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North America in vitro diagnostics market demand is projected to show around 5.5% CAGR over the analysis timeline. Growing disease burden in the region and awareness among people regarding availability of advanced products will spur regional business size. Moreover, strong foothold of prominent business players will upsurge North America in vitro diagnostics industry growth. 

Asia Pacific market share was valued at over USD 13 billion in 2018. Regional growth can be attributed to the on-going trends in the market such as PCR and flow cytometry among others. Growing healthcare expenditure and various healthcare reforms in Asia Pacific will further boost regional business growth.

Competitive Market Share

Some of the notable industry players operating in in vitro diagnostics market share include Johnson & Johnson, Cephied, BioMerieux, Qiagen, Becton Dickinson, Danaher, Abbott, BioRad, Grifols, Luminex, Siemens, Sorin, Thermo Fisher Scientific and Roche Diagnostics. Manufacturers focus on novel product launch, introduction of newer technology within analytical instruments and inorganic strategies to raise their revenue share and sustain market competition.

Frequently Asked Questions (FAQ) :

The market size of in vitro diagnostics exceeded USD 66.4 billion in 2018.
The industry share of in vitro diagnostics is predicted to grow at 5.5% CAGR up to 2025.
In-vitro diagnostics (IVD) market is growing at 5.5% CAGR to exceed USD 95 billion by 2025. The IVD industry is consolidated in nature and is completely depended on adoption rates of diagnostic devices and economic potential in laboratories and hospitals.
North American market is projected to achieve 5.5% compound annual growth rate through 2025, says a GMI report.
The IVD product segment held around 25% revenue share in 2018 and is projected to grow substantially up to 2025.

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Premium Report Details

  • Published Date: Aug 2019
  • Pages: 244
  • Tables: 342
  • Charts / Figures: 10
  • Companies covered: 15
  • Countries covered: 17

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