In-Vitro Diagnostics Products Market Scope
A technique in which medical devices and reagents are used to examine specimens such as blood, urine, stool, tissues and other body fluids, directly derived from the human body to identify diseases, conditions and infections is called as In Vitro Diagnostics (IDV). The tests can be conducted in laboratories, hospital based laboratories and even point of care. Some major technologies which are amalgamated in vitro diagnostics include polymerase chain reaction, microarray techniques, sequencing technology and mass spectrometry, which are used for test sample preparation.
According to AMA, the Global In-Vitro Diagnostics Products market is expected to see growth rate of 20.3% Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global In-Vitro Diagnostics Products market throughout the predicted period.
Roche Diagnostics (Switzerland), Siemens Healthineers (Germany), Danaher Corporation (United States), Abbott Laboratories (United States),, Thermo Fisher Scientific (United States), Johnson & Johnson (United States), Becton, Dickinson and Company (United States), Bio-Rad Laboratories (United States), Sysmex Corporation (Japan), BioMérieux (France) and DiaSorin (Italy) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Ortho Clinical Diagnostics (United States), Agilent Technologies (United States) and QIAGEN (Germany).
Segmentation Overview
The study have segmented the market of Global In-Vitro Diagnostics Products market by Type (Hematology Analyzer and Reagents, Chemistry Analyzer and Reagents and Hemoglobin System), by Application (Autoimmune diseases, Cardiology, Diabetes, Drug testing, Infectious disease, Oncology, Nephrology and Others) and Region with country level break-up.
On the basis of geography, the market of In-Vitro Diagnostics Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Regent are Expected to Hold the Largest
Market Growth Drivers:
Increase in incidence of chronic and infectious diseases, Growth in geriatric population across the globe and Surge in number of public and private diagnostic centers and point of care testing centers
Challenges:
Risk in Innovation
Restraints:
Stringent government regulations for the manufacturing of IVD products and inadequate reimbursement policies
Opportunities:
the emerging improvisations in the diagnostic technologies can act as a future opportunity to the market.
Market Leaders and their Expansionary Development Strategies
In February 2024, Bruker Corporation (Nasdaq: BRKR) announced today that it has entered into a definitive share purchase agreement with TecFin S.à r.l., a controlled affiliate of PAI Partners, a pre-eminent private equity firm, to acquire ELITechGroup, for €870 million in cash, excluding the carved out ELITech clinical chemistry business. As reported in an 8-K SEC filing on December 26, 2023, Bruker had previously entered into a put option agreement with the sellers, pending workers’ council consultations in France and The Netherlands.
In November 2023,Newland EMEA, one of the leading companies in the AIDC industry, has launched a new IVD (in vitro diagnostics) product line for the healthcare industry and will be showcasing the new devices at the biggest tradeshow for the medical industry, MEDICA in Dusseldorf on 13-16 November 2023.
Key Target Audience
Research Organizations, Research industries and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.