In Vitro Diagnostics Test Kit Market
In Vitro Diagnostics Test Kit Market Share Analysis, By Product Type (Instruments, Reagents & kits, Others), By Type (Services Fully-automated Instruments, Semi-automated Instruments, Others), By End-Use, By Price, By Sales Channel & By Region Forecast - Global Review 2021 to 2031
Analysis of In Vitro Diagnostics Test Kit Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
In Vitro Diagnostics Test Kit Market Forecast and CAGR of ~7.1% - 8.5%
Factors such as large outbreaks of bacterial and viral epidemics in India, increasing demand for point-of-care diagnostics, and rapidly evolving technology, are driving the growth of the molecular diagnostics segment. Also, advancements in molecular diagnostics and new product launches in India projected to boost the segment growth.
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What is Driving Demand for In Vitro Diagnostics Test Kit Market?
The growing geriatric population in both established and emerging nations would have a favorable impact on the IVD market. The frequency of age-related disorders is predicted to rise dramatically as the world's elderly population grows rapidly. According to the OECD, there were 54 million senior individuals in the United States in 2019 are generating demand for In Vitro Diagnostics.
Moreover, biomarkers have a lot of clinical relevance and interest in the medical field since they can help with disease screening, diagnosis, and treatment. The integration of biomarkers and the availability of biomolecular tools are projected to aid in the creation of a new variety of condition-specific tests, resulting in new IVD market prospects.
Furthermore, newly designed reagents and kits have excellent precision and allow for precise diagnosis. As a result of the aforementioned variables, segmental growth has accelerated.
New Product Development and E-commerce Channel Complementing the Market Sales
In-vitro diagnostics have become more appealing as a result of significant advances in IVD research. Pregnancy tests, for example, have become increasingly popular for usage at home, making them quite convenient. In a similar vein, with the help of point-of-care monitoring systems, the market for at-home blood glucose monitors has grown. Because of the increased need for such technology.
In December 2020, Fujirebio Diagnoses Inc. aimed to expand the arsenal of AD diagnostics with their Lumipulse G -Amyloid Ratio (1-42/1-40) in vitro diagnostic test. Veracyte, Inc. announced that it’s Quality Management System (QMS) for the design, development, and manufacture of genomic in vitro diagnostic (IVD) tests that aid in the diagnosis and prognosis of cancer and other diseases has been approved by the FDA.
Moreover, Siemens Healthcare Diagnostics e-Commerce says “Our overall aim is not only to set a benchmark in the field of laboratory diagnostics but also to optimize supply chain management” this can be the driving factor for the increase in sales.
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US and Canada In Vitro Diagnostics Test Kit Market Outlook
In 2020, North America had the greatest revenue share of 41.1 percent in the IVD market, and this dominance is likely to continue over the forecast period. This is due to the presence of large market participants on the ground. Furthermore, increasing disease prevalence and consumer awareness are driving the demand for better diagnostic devices.
During the forecast period, North America is expected to be the leading regional market for in vitro diagnostics, owing to its well-developed healthcare system and increased healthcare awareness among patients, as well as Obama's Affordable Care Act (ACA), technological advancements, and a recovering American economy. Other variables, such as the widespread availability of gadgets and an increase in public knowledge about the issue, are also playing a role.
Moreover, the presence of large number of key players in North America is another major factor that drives the in vitro diagnostics market growth.
Europe Demand Outlook for In Vitro Diagnostics Test Kit Market
The Europe market is predicted to develop at the fastest rate, with a CAGR of 6.2 percent over the forecast period. There are growing and developed economies in Europe & Asia Pacific. The market is expected to be fueled by increased healthcare awareness and people seeking early diagnosis in the region, as well as a high frequency of chronic diseases.
Furthermore, due to an increase in healthcare expenditure and the prevalence of diabetes in the region, it is predicted to grow at the quickest rate during the projection period. Other reasons, such as the large patient population of other chronic diseases that necessitate IVD testing, also contribute to the market's growth.
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Who are the Key Manufacturers and Suppliers of In Vitro Diagnostics Test Kit Market?
Some of the leading manufacturers and suppliers of In Vitro Diagnostics market include
- Abbott Laboratories
- Becton
- Dickinson and Company
- bioMérieux SA
- Bio-Rad Laboratories Inc.
- Danaher Corporation (Beckman Coulter, Inc.)
- F. Hoffmann-La Roche AG
- Siemens AG
- QIAGEN N.V.
- Sysmex Corporation
- Thermo Fisher Scientific Inc.
In Vitro Diagnostics Test Kit Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Key Segments
-
By Product Type :
- Instruments
- Reagents & kits
- Data Management Software
-
By Type :
- Services Fully-automated Instruments
- Semi-automated Instruments
- Others
-
By End-Use :
- Laboratories
- Large/Reference Laboratories
- Medium-sized Laboratories
- Small Laboratories
- Hospitals
- Academics
- Point-Of-Care Testing
- Patient Self-Testing
- Others
- Laboratories
-
By Price :
- Below US$ 30
- US$ 30 – US$ 100
- US$ 100– US$ 250
- US$ 250 – US$ 1000
- Above US$ 1000
-
By Sales Channel :
- Hypermarkets/Supermarkets
- Independent Stores
- Specialty Stores
- Online Retailers
- Direct Sales
- Other Sales Channel
-
By Region:
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Product Type 6.2. Type 6.3. End-Use 6.4. Price 6.5. Sales Channel 7. Global Market Analysis and Forecast, By Product Type 7.1. Instruments 7.2. Reagents & kits 7.3. Data Management Software 8. Global Market Analysis and Forecast, By Type 8.1. Services Fully-automated Instruments 8.2. Semi-automated Instruments 8.3. Others 9. Global Market Analysis and Forecast, By End-Use 9.1. Laboratories 9.2. Hospitals 9.3. Academics 9.4. Point-Of-Care Testing 9.5. Patient Self-Testing 9.6. Others 10. Global Market Analysis and Forecast, By Price 10.1. Below US$ 30 10.2. US$ 30 – US$ 100 10.3. US$ 100– US$ 250 10.4. US$ 250 – US$ 1000 10.5. Above US$ 1000 11. Global Market Analysis and Forecast, By Sales Channel 11.1. Hypermarkets/Supermarkets 11.2. Independent Stores 11.3. Specialty Stores 11.4. Online Retailers 11.5. Direct Sales 11.6. Other Sales Channel 12. Global Market Analysis and Forecast, By Region 12.1. North America 12.2. Latin America 12.3. Western Europe 12.4. Eastern Europe 12.5. East Asia 12.6. South Asia & Pacific 12.7. MEA 13. North America Sales Analysis and Forecast, by Key Segments and Countries 14. Latin America Sales Analysis and Forecast, by Key Segments and Countries 15. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 16. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 17. East Asia Sales Analysis and Forecast, by Key Segments and Countries 18. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 19. MEA Sales Analysis and Forecast, by Key Segments and Countries 20. Sales Forecast by Product Type, Type, End-Use, Price, and Sales Channel for 30 Countries 21. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 22. Company Profile 22.1. Abbott Laboratories 22.2. Becton 22.3. Dickinson and Company 22.4. bioMérieux SA 22.5. Bio-Rad Laboratories Inc. 22.6. Danaher Corporation (Beckman Coulter, Inc.) 22.7. F. Hoffmann-La Roche AG 22.8. Siemens AG 22.9. QIAGEN N.V. 22.10. Sysmex Corporation 22.11. Thermo Fisher Scientific Inc.
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Product Type
Table 3: Global Market US$ Mn Forecast by Type
Table 4: Global Market US$ Mn Forecast by End-Use
Table 5: Global Market US$ Mn Forecast by Price
Table 6: Global Market US$ Mn Forecast by Sales Channel
Table 7: North America Market US$ Mn Forecast by Country
Table 8: North America Market US$ Mn Forecast by Product Type
Table 9: North America Market US$ Mn Forecast by Type
Table 10: North America Market US$ Mn Forecast by End-Use
Table 11: North America Market US$ Mn Forecast by Price
Table 12: North America Market US$ Mn Forecast by Sales Channel
Table 13: Latin America Market US$ Mn Forecast by Country
Table 14: Latin America Market US$ Mn Forecast by Product Type
Table 15: Latin America Market US$ Mn Forecast by Type
Table 16: Latin America Market US$ Mn Forecast by End-Use
Table 17: Latin America Market US$ Mn Forecast by Price
Table 18: Latin America Market US$ Mn Forecast by Sales Channel
Table 19: Western Europe Market US$ Mn Forecast by Country
Table 20: Western Europe Market US$ Mn Forecast by Product Type
Table 21: Western Europe Market US$ Mn Forecast by Type
Table 22: Western Europe Market US$ Mn Forecast by End-Use
Table 23: Western Europe Market US$ Mn Forecast by Price
Table 24: Western Europe Market US$ Mn Forecast by Sales Channel
Table 25: Eastern Europe Market US$ Mn Forecast by Country
Table 26: Eastern Europe Market US$ Mn Forecast by Product Type
Table 27: Eastern Europe Market US$ Mn Forecast by Type
Table 28: Eastern Europe Market US$ Mn Forecast by End-Use
Table 29: Eastern Europe Market US$ Mn Forecast by Price
Table 30: Eastern Europe Market US$ Mn Forecast by Sales Channel
Table 31: East Asia Market US$ Mn Forecast by Country
Table 32: East Asia Market US$ Mn Forecast by Product Type
Table 33: East Asia Market US$ Mn Forecast by Type
Table 34: East Asia Market US$ Mn Forecast by End-Use
Table 35: East Asia Market US$ Mn Forecast by Price
Table 36: East Asia Market US$ Mn Forecast by Sales Channel
Table 37: South Asia & Pacific Market US$ Mn Forecast by Country
Table 38: South Asia & Pacific Market US$ Mn Forecast by Product Type
Table 39: South Asia & Pacific Market US$ Mn Forecast by Type
Table 40: South Asia & Pacific Market US$ Mn Forecast by End-Use
Table 41: South Asia & Pacific Market US$ Mn Forecast by Price
Table 42: South Asia & Pacific Market US$ Mn Forecast by Sales Channel
Table 43: MEA Market US$ Mn Forecast by Country
Table 44: MEA Market US$ Mn Forecast by Product Type
Table 45: MEA Market US$ Mn Forecast by Type
Table 46: MEA Market US$ Mn Forecast by End-Use
Table 47: MEA Market US$ Mn Forecast by Price
Table 48: MEA Market US$ Mn Forecast by Sales Channel
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Price
Figure 5: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 6: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 9: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Price
Figure 11: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 12: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 16: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Price
Figure 17: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 18: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 21: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 22: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Price
Figure 23: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 24: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 26: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 27: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 28: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Price
Figure 29: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 30: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 31: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 32: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 33: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 34: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Price
Figure 35: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 36: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 37: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 38: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 39: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 40: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Price
Figure 41: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 42: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 43: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 44: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 45: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 46: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Price
Figure 47: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 48: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
In Vitro Diagnostics Test Kit Market