In-Vitro Diagnostics Market is expected to grow by 3.41 % from 2023 to 2029, reaching nearly 128.8 Bn

In-Vitro Diagnostics Market
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The In-Vitro Diagnostics Market size was valued at USD 101.8 Bn. in 2022 and the total revenue is expected to grow by 3.41 % from 2023 to 2029, reaching nearly 128.8 Bn.

In-Vitro Diagnostics Market Scope and Research Methodology

This In-Vitro Diagnostics Market research report provides a comprehensive view of competition, including market share and profiles of major industry rivals worldwide. The study delves into various sectors to examine the factors that influence the industry’s growth.

The top-down and bottom-up approaches are used to validate and estimate market size by segment. In-Vitro Diagnostics Market estimates are based on sale prices, with weights applied to usage rate and average sale price to produce percentage splits, market shares, and segment breakdowns. The geographical divisions are based on the adoption or usage percentage of the market size in each area.

In-Vitro Diagnostics Market Drivers :

Increased prevalence of infectious and chronic diseases globally has led to an increase in in-vitro diagnostics. Heart disease, cancer, diabetes, respiratory issues, Alzheimer’s, kidney problems, malaria, jaundice, dengue, TB, and other illnesses are among these. For example, the Centres for Disease Control and Prevention (CDC) estimates that 5.9 million Americans will have Alzheimer’s disease in 2021. Additionally, over 241 million cases of malaria were found worldwide in 2021.

In the US, roughly 2,000 cases of malaria are identified annually. Additionally, the use of cutting-edge diagnostic equipment in pathological labs and services will increase demand for in-vitro diagnostics, benefiting the growth of the industry as a whole.

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In-Vitro Diagnostics Market Segmentation Analysis:

Based on Formulation, the Tablets Supplements segment held the largest market share of  the Market in 2023. According to the MMR analysis,  It stands out as the dominant segment in Market thanks to its rapid technological advancement and growing adoption of smart devices with data connectivity and integration.

by Product And Services

1. Reagents
2. Instruments
3. Software And Services

by Technique

1. Immunodiagnostics
2. Hematology
3. Molecular Diagnostics
4. Tissue Diagnostics
5. Clinical Chemistry
6. Others

by Application

1. Infectious Diseases
2. Cancer
3. Cardiac Diseases
4. Immune System Disorders
5. Nephrological Diseases
6. Gastrointestinal Diseases
7. Others

by End-User

1. Standalone Laboratories
2. Hospitals
3. Academic And Medical Schools
4. Point Of Care
5. Others

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Key players include In-Vitro Diagnostics Industry :

1. Danaher Corporation (US)
2. Carlyle Investment Management L.L.C. (US)
3. Beckman Coulter (US)
4. Alere, Inc. (US)
5. Ortho Clinical Diagnostics (US)
6. Agilent Technologies (US)
7. Bio-Rad Laboratories (US)
8. Becton, Dickinson, and Company (US)
9. Thermo Fisher Scientific Inc. (US)
10. Abbott (US)
11. Johnson & Johnson (US)
12. QIAGEN (Germany)
13. Siemens AG (Germany)
14. Roche Diagnostics (Switzerland)
15. F. Hoffmann-La Roche Ltd (Switzerland)
16. BioMérieux SA (France)
17. DiaSorin (Italy)
18. Sysmex Corporation (Japan)
19. Arkray (Japan)


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Key Questions Answered in the In-Vitro Diagnostics Market Report are:

  • Which segment asserted the greatest market share in 2024 for In-Vitro Diagnostics ?
    • How does the competitive landscape unfold within the In-Vitro Diagnostics market?
    • What pivotal factors steer the growth trajectory of the In-Vitro Diagnostics market?
    • In the realm of the In-Vitro Diagnostics market, which region commands the most significant market share?
    • What is the anticipated Compound Annual Growth Rate (CAGR) for the In-Vitro Diagnostics market during the forecast period (2024-2030)?

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