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Global In Vitro Diagnosis Market By Product & Services (Instruments, Services, Others), By Application (Oncology, Cardiology, Others), By Technology (ELISPOT, Rapid Test, Others), By End-Users, By Region, Forecast & Opportunities to 2026

The global in vitro diagnosis market accounted for a value of USD 74.8 billion in 2019 and is projected to register growth at a CAGR of 2.2% during forecast period.

COVID-19 has impacted the IVD market. The number cases of corona virus are increasing around the world which increases the requirement for test kits. There are various market players in the industry and this lead to increase in introduction of rapid diagnostic tests to sustain the rising competition. The highly efficient antibody test requirement is increasing which provides quick result. The pandemic has boosts the demand and adoption of IVD.

Definition:

In vitro diagnostic (IVD) can be defined as medical devices, which require use of reagent and assays in order to diagnose a medical condition. The IVD instruments analyze tissue sample and body fluids collected from a patient. There are various types of in vitro diagnostic instruments present which works on different techniques such as tissue diagnostic, molecular diagnostic and immunodiagnostics. It used in diagnosis of various medical conditions such as cardiac disorders, cancer and infectious diseases etc.

Market Dynamics (Drivers/Opportunities):

The geriatric population is increasing around the world and this increases incidence of various diseases which requires the use IVD. The age associated diseases are rapidly increasing with the increase in aging population. The number of incidence of different diseases such as cancer and other infectious diseases are increasing around the world and this result in increase in use of IVD in the market. Thus, drives growth in IVD market during forecast period.

According to American Medical Association, it is estimated that around 60% people aged 65 years o above are prone to one or more chronic diseases by 2030. There are various infectious diseases such as pneumonia and diabetics which affects people of 60 or above age group. The ongoing pandemic has increased the demand and adoption for IVD in the healthcare sector. This drives growth in IVD market during forecast period.

Market Insights, by Product and Services

On the basis of product and services, the IVD market is segmented into instruments, reagents & kits, data management software and services. The reagents & kits segment is estimated to register growth at highest CAGR during forecast period. The increasing number of corona virus cases has increases the demand for IVD products. Reagents and kits help in speedy diagnosis and also help to combat fatal consequences of corona virus. The reagents and kits enable high precision and accurate diagnosis. The demand for reagents and kits is increasing due to pandemic COVID-19.  Thus, drives growth in reagents and kits segment during forecast period.

Market Insights, by End-Users

On the basis of end-users, the IVD market is segmented into laboratories, academics, hospital, point-of-care testing, patient self-testing and others. The hospital segment is estimated to hold largest market share during forecast period. The diagnostic testing required in order supporting a clinical decision which enhances patient recovery in hospitals. The use of IVD is rapidly increasing in the hospital segment and ongoing pandemic has boosts the use of IVD in this segment Thus, drives growth in hospital segment during forecast period.

Market Insights, by Application

On the basis of application, the IVD market is segmented into diabetes, infectious disease, oncology, cardiology, nephrology, drug testing, autoimmune diseases and others. The infectious disease segment accounted for largest market share in 2019. The growth can be attributed by increasing incidence of infectious diseases such as AIDS, HIV, tuberculosis and pneumonia etc. IVD helps in combating the increasing incidence of infectious diseases. However, the oncology segment is estimated to register growth at fastest CAGR during forecast period. The incidence of different diseases such as cancer etc. is increasing around the world and this increases demand for oncology. Thus, drives growth in oncology segment during forecast period.

Regional Insights

North America region accounted for largest market share in 2019. However, Asia-Pacific region is estimated to register growth at highest CAGR during forecast period. The population in this region is very large and geriatric population is also increasing in this region. The improvement in healthcare infrastructure is improving across this region. The increasing number of corona virus cases has also increased the use of IVD in this region. The demand and adoption of IVD is increasing in this region and this drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in IVD industry are Roche Diagnostic, Danaher Corporation, Abbott Laboratories Inc., Siemens Healthineers, Sysmex Corporation, Thermo Fisher Scientific, Becton, Dickinson & Company, Biomerieux SA, Bio-Rad Laboratories, Johnson & Johnson, Agilent Technologies, Qiagen, Diasorin, Ortho Clinical Diagnostics, Speedx Diagnostics, Genspeed Biotech GMBH, MSDX and Genomeme.

Segments Covered in the Report

This report forecasts The Global IVD Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global IVD report on the basis of product & services, technology, application and end-users.

In Vitro Diagnosis Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product & Services Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. In Vitro Diagnosis Market, By Product & Services, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Instruments
  • Reagents & Kits
  • Data Management Software
  • Services
  1. In Vitro Diagnosis Market, By Technology, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Immunochemistry/Immunoassay
  • Clinical Chemistry
  • ELISPOT
  • Molecular Diagnostics
  • Microbiology
  • Hematology
  • Urinalysis
  • Coagulation & Hemostatis
  • Others
  1. In Vitro Diagnosis Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Diabetes
  • Infectious Disease
  • Oncology
  • Cardiology
  • Nephrology
  • Drug Testing
  • Autoimmune Diseases
  • Others
  1. In Vitro Diagnosis Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Laboratories
  • Academics
  • Hospital
  • Point-of-Care Testing
  • Patient Self-Testing
  • Others
  1. In Vitro Diagnosis Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Product & Services
    • By Technology
    • By Application
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Product & Services
      • By Technology
      • By Application
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Product & Services
        • By Technology
        • By Application
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Product & Services
          • By Technology
          • By Application
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Product & Services
            • By Technology
            • By Application
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product & Services Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Genomeme
      • Company Overview
      • Financial Overview
      • Product & Services Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Roche Diagnostic
    • Danaher Corporation
    • Abbott Laboratories Inc.
    • Siemens Healthineers
    • Sysmex Corporation
    • Thermo Fisher Scientific
    • Becton, Dickinson & Company
    • Biomerieux SA
    • Bio-Rad Laboratories
    • Johnson & Johnson
    • Agilent Technologies
    • Qiagen
    • Diasorin
    • Ortho Clinical Diagnostics
    • Speedx Diagnostics
    • Genspeed Biotech GMBH
    • MSDX
  2. Appendix
    • Interrelated Market

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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