#ivd kit
Explore tagged Tumblr posts
Text
What an incredible few days it's been at #MedlabDubai2024! At G2M, we're thrilled to have been part of such a dynamic event, packed with insightful discussions, meaningful meetings, and breakthrough moments in the world of #genetics and in-vitro #diagnostics.
From insightful meetings to enlightening #breakthrough discussions, connecting with experts, and sharing our vision for the future of #healthcare, it's been a journey filled with innovation and collaboration. Together, we've explored the possibilities, pushing the boundaries of what's possible in genomics and beyond.
As we reflect on the inspiring moments and connections made, we're excited to continue driving progress and shaping the future of healthcare. Thank you to everyone who contributed to making #Medlab #Dubai 2024 a resounding success! Here's to the next chapter of #innovation and discovery.
Genes2Me #PersonalizedMedicine #Innovation #conference #successful #medlabmiddleeast #medlab #rtpcr #ivd #extraction #nucleicacid #kit #g2m #medlabmiddleeast2024 #medlabmiddleeast
#g2m#genes2me#personalized midicine#rt-pcr#ivd#ivd kit#conference#successful#medlab middle east#kit#nuceic acid
0 notes
Text
The United States IVD market is experiencing robust growth, driven by the increasing prevalence of chronic and infectious diseases, including diabetes, cardiovascular disorders, cancer, and infectious diseases such as COVID-19. This, in turn, has heightened the need for accurate and timely diagnostic tools like IVD, thus creating lucrative growth opportunities for the market.
#United States In Vitro Diagnostics Market Report by Test Type (Clinical Chemistry#Molecular Diagnostics#Immunodiagnostics#Hematology#and Others)#Product (Reagent and Kits#Instruments)#Usability (Disposable IVD Devices#Reusable IVD Devices)#Application (Infectious Disease#Diabetes#Cancer/Oncology#Cardiology#Autoimmune Disease#Nephrology#End User (Hospitals Laboratories#Clinical Laboratories#Point-of-care Testing Centers#Academic Institutes#Patients#and Region 2025-2033
1 note
·
View note
Text
Our Happy Customers!
Thanks for sharing your wonderful experience with us. Buy Athenese-Dx products for more accuracy and consistent quality.
Visit → https://athenesedx.com/news/elisa-instrument-testimonials-insights-from-our-customers-november-2024/
#Instrument #testimonial #happycustomer #athenesedx #ivd #satisfying #highquality #teamsupport #pathology #diagnostics #DiagnosticServices #rapidtest #ELISAKit #ALTA #ALTAInstrument #TRUSTline #TRUSTwell #TRUEchemie #medicallaboratory #Distributorship #ClinicalLaboratory
#ivd#lab equipment#hospital#clinical chemistry#pathologist#pathology#pathologylab#digital pathology market#athenesedx#biochemistry#elisa kits#elisa#medical instruments#medical laboratory science#laboratory#biotechnology#diagnostic services
0 notes
Text
Import License For IVD, In-Vitro Diagnostic Kits License for importers, Form MD14, MD15
Import License For IVD, In-Vitro Diagnostic Kits License for importers, Form MD14, MD15. Get Permission to Import Predicate In-Vitro Diagnostic Kits (Form MD14, MD15). Call 7672005050.
0 notes
Text
We are factory
3 in 1 COVID-19/Influence A+B Combo Test Cassette (self test)
Austrilia TGA ARTG No. 404883
Hong kong MDD HKMD No. 230344
ISO 13485 and ISO9001 Quality System Production
CE certificate
1/5 test in a box
Production time 7-10 days
2 notes
·
View notes
Text
In Vitro Diagnostics Test Kit Market Insights Advancing Early Detection and Precision Care
The global In Vitro Diagnostics test kit market has emerged as a cornerstone of modern healthcare, playing a vital role in early disease detection, monitoring, and personalized treatment strategies. This market, valued in billions, is witnessing unprecedented growth due to rising health awareness, technological advancements, and the increasing prevalence of chronic diseases worldwide.
Trends Shaping the IVD Market
Technological Advancements Innovations such as point-of-care testing, lab-on-a-chip technologies, and integration of artificial intelligence have redefined the diagnostic landscape. These advancements ensure faster, more accurate results, making diagnostics more accessible even in remote settings.
Personalized Medicine The shift towards tailored healthcare has driven demand for tests capable of identifying biomarkers and genetic predispositions. IVD kits are pivotal in facilitating this transition, enabling customized treatment plans.
COVID-19's Impact The pandemic underscored the importance of robust diagnostic systems, fueling investments in rapid antigen and molecular test kits. This surge highlighted the need for scalable, efficient testing mechanisms, setting new benchmarks for the industry.
Rising Chronic Disease Burden The increasing prevalence of diabetes, cancer, cardiovascular diseases, and infectious diseases has amplified the need for regular diagnostics. IVD test kits provide a reliable solution for early detection and management.
Challenges in the Market
Despite its growth trajectory, the IVD market faces hurdles such as stringent regulatory frameworks, high costs of advanced kits, and the lack of standardization in certain regions. Addressing these challenges is crucial for sustainable expansion.
Market Dynamics
1. Key Players and Strategies Prominent players like Roche Diagnostics, Abbott Laboratories, and Thermo Fisher Scientific dominate the market, focusing on mergers, acquisitions, and innovation. Their strategic investments in R&D ensure a competitive edge.
2. Regional Insights North America leads the IVD market, driven by advanced healthcare infrastructure and high diagnostic awareness. However, Asia-Pacific is rapidly emerging as a lucrative region due to increasing healthcare expenditure and growing disease awareness.
3. Regulatory Landscape Governments worldwide are tightening regulations to ensure quality and reliability in diagnostics, pushing companies to adhere to strict compliance standards while fostering innovation.
Future Prospects
The IVD test kit market is poised for exponential growth, driven by continuous technological innovation and rising healthcare demands. The integration of IoT in diagnostics, home-based test kits, and the expansion of telemedicine are expected to redefine the sector further.
Conclusion
The In Vitro Diagnostics Test Kit Market is at the forefront of transforming healthcare. By addressing current challenges and leveraging emerging opportunities, this sector holds the potential to revolutionize disease management, enhance patient outcomes, and contribute to global health equity. As the industry evolves, its impact on personalized medicine and preventive care will only grow stronger.
#In Vitro Diagnostics Test Kit Market#In Vitro Diagnostics Test Kit#In Vitro Diagnostics Test Kit Market trends#In Vitro Diagnostics Test Kit Market scopes
0 notes
Text
Plastic Housing for IVD Test Kit
“Plastic Housing Cassettes for Lateral Flow Rapid Test Kit” are plastic casings designed by ZSupbio to house lateral flow rapid test kits. These cassettes provide a protective and functional housing for the test components, ensuring accurate and reliable results.
Description:
ZSupbio’s plastic housing cassettes are specifically designed to securely hold lateral flow rapid test kits. These cassettes are made from high-quality plastic materials, which offer durability, chemical resistance, and ease of use. The cassettes are designed to fit the specific dimensions and components of the lateral flow test kits, providing a snug and secure fit. They offer a protective barrier to prevent contamination and damage to the test components during transportation and handling.
0 notes
Text
At Ideal Fertility, we offer advanced Molecular Diagnostics through our state-of-the-art Real-Time PCR technology, which provides precise and timely results for a variety of infectious diseases. Our fully-equipped molecular biology lab specializes in the detection of high-risk conditions like Human Papilloma Virus (HPV), a leading cause of cervical cancer, and Mycobacterium tuberculosis (MTB), the bacteria responsible for tuberculosis. We also provide rapid diagnostics for tropical diseases such as Dengue, Chikungunya, and H1N1, along with comprehensive tests for HIV and Hepatitis B. Our CE-IVD validated kits ensure the highest standards of accuracy and reliability, enabling early detection and swift, effective treatment.
For more details, visit - https://idealfertility.com/services/molecular-diagnostics/
#idealfertility#IVFCentre#GeneticCentre#MolecularDiagnostics#diagnosticservices#diagnosticsfortropicaldiseases
0 notes
Text
The #Genes2Me ctDNA Lung #NGS panel is a hybridization based solution for #screening 32 clinically relevant genes (coding regions of the genome) for #diseases associated with genetic mutations.
It covers all major #mutations like SNV, and InDels, adding up to a target size of
47Kb with a hybridization-based target capture technique. This #panel exhibits high quality performance with high sensitivity and specificity in detecting the variants in #cancer-associated #genes. We also offer data #analysis support with automated data analysis and reporting #software called CliSeq Interpreter.
Contact us today to learn more about our NGS #ctDNA Panels https://www.genes2me.com/next-generation-sequencing-clinical-panels/cancer-diagnosis-dna-Panels
#g2m #cliseq #dataanalysts #rtpcr #nextgenerationsequencing #sequencing #clinical #diagnosis #india #manufacturer #healthcare #dna #dnasequencing
#ngs#next generation sequencing#ngs panel#g2m#genes2me#diagnostics#rt pcr#ivd kit#kits#pcr kits#sequencing panel#molecular biology#diseases#dna#rna#genetic testing#health care
0 notes
Text
BTNX testing kit provider for laboratories, clinics, hospitals and physicians’ offices
When it comes to quick, on-site testing, no one does it better than biotech firm BTNX Inc. We are experts in creating new and improved in-vitro diagnostic (IVD) tests for use in medical facilities, including clinics, hospitals, and doctors' offices. HL7/POCT1-A2 compliant software solutions are another area of expertise for BTNX Inc. when it comes to information technology systems development for managing point-of-care diagnostic test data.
0 notes
Text
youtube
Watch Now → https://youtu.be/2XX17jO3gvY
ALTA ELISA Plate Reader and ALTA ELISA Microplate Washer provide a complete solution for efficient ELISA workflows. The compact Plate Reader, equipped with advanced LED technology, delivers rapid, accurate measurements in seconds. ALTA ELISA Plate Reader when paired with the automated Microplate Washer, streamlines the washing process, and reduces manual errors, this duo ensures precise and reliable performance, making it an essential tool for laboratories seeking accuracy in their assays.
Visit → https://athenesedx.com/product-category/elisa-kits/
Buy Now → https://store.athenesedx.com/product-category/instruments/
#AtheneseDx #IVD #ELISA #LaboratoryEquipment #ClinicalLaboratory #Diagnostics #LabTechniques #Science #Pathology #Pathologist #pathologylab #MedicalLaboratory #ClinicalDiagnostics #labtechnician #MedicalLabTechnician #DiagnosticSolutions #Diagnostics
#ivd#lab equipment#hospital#clinical chemistry#pathologist#pathology#pathologylab#athenesedx#digital pathology market#biochemistry#elisa kits#blood test#Youtube
0 notes
Text
In Vitro Diagnostics Industry Research Report 2030 By Players, Regions, Types & Applications
The global in vitro diagnostics (IVD) market, valued at an estimated USD 80.71 billion in 2024, is anticipated to grow at a compound annual growth rate (CAGR) of 6.8% from 2025 to 2030. This projected growth is largely driven by the increasing utilization of IVD tools and technologies, a response to the rising incidence of both infectious and chronic diseases globally. The development and implementation of automated IVD systems in laboratories and hospitals further contribute to this expansion, offering healthcare providers tools to make diagnoses that are efficient, precise, and free from errors. Additionally, the continual launch of new IVD products by leading companies plays a significant role in fueling this market’s growth.
A noteworthy example of this innovation in IVD products is seen in ELITechGroup’s recent expansion of its diagnostic portfolio. In January 2024, ELITechGroup introduced the GI Bacterial PLUS ELITe MGB Kit, which received CE-IVDR certification. This product marks the beginning of the company’s Gastrointestinal (GI) assay panel and is designed to detect bacterial pathogens responsible for GI infections. ELITechGroup’s expansion plans include three more kits for launch within the next quarter, covering a broader spectrum of gastrointestinal infections. These new products aim to equip laboratories and healthcare professionals with advanced tools for precise diagnosis and improved management of GI conditions.
Gather more insights about the market drivers, restrains and growth of the In Vitro Diagnostics Market
Regional Insights:
North America In Vitro Diagnostics Market:
The North American in vitro diagnostics (IVD) market led the global sector in 2024, holding a 42.28% share. The region is expected to maintain its dominance throughout the forecast period, largely driven by several key factors, including the growing prevalence of chronic diseases, the presence of established IVD companies, the frequent introduction of innovative diagnostic tests, and strong government funding support. For example, in January 2023, BD and CerTest Biotec obtained an Emergency Use Authorization (EUA) from the U.S. FDA for a PCR test to detect the Mpox virus, highlighting regulatory support for advanced diagnostics. The increasing demand for genetic testing, particularly for personalized treatments in diabetes and cancer, is further expected to support the growth of the IVD market in North America.
Europe In Vitro Diagnostics Market Trends:
The European IVD market is growing, driven by an emphasis on infectious disease testing, molecular diagnostics, and adherence to regulatory requirements like CE-IVDR. Following the COVID-19 pandemic, demand for infectious disease diagnostics surged, with companies like Siemens Healthineers introducing platforms such as the Atellica CI Analyzer for efficient testing. The molecular diagnostics sector is also expanding, with ELITechGroup’s CE-IVDR-certified GI Bacterial PLUS kit as a recent example, aimed at detecting gastrointestinal infections. Stringent IVDR standards in Europe foster innovation, improving diagnostic accuracy and safety across the continent.
Asia Pacific In Vitro Diagnostics Market Trends:
The Asia Pacific IVD market is projected to experience significant growth, with a CAGR of 8.59% over the forecast period. Key drivers include stabilizing economies, a rapidly growing middle class, supportive government policies, and rapid urbanization. For instance, in October 2023, Fapon partnered with Halodoc to boost IVD product sales and services in Indonesia. Major IVD players are also collaborating with regional partners to expand their reach in developing countries across Asia Pacific.
The Chinese IVD market is growing rapidly, fueled by rising demand for molecular diagnostics, point-of-care testing, and digital health integration. Molecular diagnostics are particularly in demand for infectious diseases and oncology, supported by public health initiatives and increased healthcare spending.
Japan’s IVD market growth is driven by an aging population and progress in personalized medicine. Key trends include a growing use of molecular diagnostics for oncology and genetic testing, which aid in identifying targeted treatments for age-related diseases
Latin America In Vitro Diagnostics Market Trends:
The IVD market in Latin America is expanding due to increased healthcare investments, a focus on disease prevention, and enhanced healthcare access. A prominent trend is the adoption of point-of-care testing for infectious diseases like dengue, Zika, and COVID-19, especially in remote areas. Demand for molecular diagnostics in oncology is also growing as awareness of personalized medicine rises. Public-private partnerships and government initiatives are building diagnostics infrastructure, making advanced testing technologies more accessible across the region.
Middle East & Africa In Vitro Diagnostics Market Trends:
The IVD market in the Middle East and Africa (MEA) is set for growth, driven by increased healthcare spending and the prevalence of infectious diseases. Major trends include the adoption of advanced molecular diagnostics and point-of-care testing to improve disease detection and management. Additionally, a focus on personalized medicine and government initiatives aimed at enhancing healthcare infrastructure are supporting market expansion. Collaborations between local and international players are fostering innovation, making diagnostic solutions more accessible across the region.
Browse through Grand View Research's Category Clinical Diagnostics Industry Research Reports.
The global saliva collection and diagnostics market size was estimated at USD 818.9 million in 2024 and is projected to grow at a CAGR of 4.7% from 2025 to 2030.
The global cholesterol testing products and services market size was estimated at USD 19.85 billion in 2024 and is projected to grow at a CAGR of 8.4% from 2025 to 2030.
Key Companies & Market Share Insights:
Among the prominent players in the IVD market are F. Hoffmann-La Roche Ltd., Abbott, Quest Diagnostics Incorporated, and Danaher. These companies actively pursue strategies like new product launches, mergers and acquisitions, and partnerships to strengthen and diversify their product offerings. These efforts are focused on expanding their product portfolios, introducing technologically advanced and innovative diagnostic tools, and improving their competitive positioning within the market.
Emerging companies in the IVD sector, including Llusern Scientific, Biocartis Group NV, ARUP Laboratories, Veracyte, and Exact Sciences Corp, are also making strides. These companies concentrate on developing novel and accurate IVD testing products, contributing to overall healthcare improvements. They frequently collaborate with research institutions, governmental bodies, and global leaders to expand their product reach and presence in new, high-potential markets.
Order a free sample PDF of the In Vitro Diagnostics Market Intelligence Study, published by Grand View Research.
0 notes
Text
In Vitro Diagnostics Market 2030 Outlook by Growth Rate, Trends, Size and Opportunities
The global in vitro diagnostics (IVD) market, valued at an estimated USD 80.71 billion in 2024, is anticipated to grow at a compound annual growth rate (CAGR) of 6.8% from 2025 to 2030. This projected growth is largely driven by the increasing utilization of IVD tools and technologies, a response to the rising incidence of both infectious and chronic diseases globally. The development and implementation of automated IVD systems in laboratories and hospitals further contribute to this expansion, offering healthcare providers tools to make diagnoses that are efficient, precise, and free from errors. Additionally, the continual launch of new IVD products by leading companies plays a significant role in fueling this market’s growth.
A noteworthy example of this innovation in IVD products is seen in ELITechGroup’s recent expansion of its diagnostic portfolio. In January 2024, ELITechGroup introduced the GI Bacterial PLUS ELITe MGB Kit, which received CE-IVDR certification. This product marks the beginning of the company’s Gastrointestinal (GI) assay panel and is designed to detect bacterial pathogens responsible for GI infections. ELITechGroup’s expansion plans include three more kits for launch within the next quarter, covering a broader spectrum of gastrointestinal infections. These new products aim to equip laboratories and healthcare professionals with advanced tools for precise diagnosis and improved management of GI conditions.
Gather more insights about the market drivers, restrains and growth of the In Vitro Diagnostics Market
Regional Insights:
North America In Vitro Diagnostics Market:
The North American in vitro diagnostics (IVD) market led the global sector in 2024, holding a 42.28% share. The region is expected to maintain its dominance throughout the forecast period, largely driven by several key factors, including the growing prevalence of chronic diseases, the presence of established IVD companies, the frequent introduction of innovative diagnostic tests, and strong government funding support. For example, in January 2023, BD and CerTest Biotec obtained an Emergency Use Authorization (EUA) from the U.S. FDA for a PCR test to detect the Mpox virus, highlighting regulatory support for advanced diagnostics. The increasing demand for genetic testing, particularly for personalized treatments in diabetes and cancer, is further expected to support the growth of the IVD market in North America.
Europe In Vitro Diagnostics Market Trends:
The European IVD market is growing, driven by an emphasis on infectious disease testing, molecular diagnostics, and adherence to regulatory requirements like CE-IVDR. Following the COVID-19 pandemic, demand for infectious disease diagnostics surged, with companies like Siemens Healthineers introducing platforms such as the Atellica CI Analyzer for efficient testing. The molecular diagnostics sector is also expanding, with ELITechGroup’s CE-IVDR-certified GI Bacterial PLUS kit as a recent example, aimed at detecting gastrointestinal infections. Stringent IVDR standards in Europe foster innovation, improving diagnostic accuracy and safety across the continent.
Asia Pacific In Vitro Diagnostics Market Trends:
The Asia Pacific IVD market is projected to experience significant growth, with a CAGR of 8.59% over the forecast period. Key drivers include stabilizing economies, a rapidly growing middle class, supportive government policies, and rapid urbanization. For instance, in October 2023, Fapon partnered with Halodoc to boost IVD product sales and services in Indonesia. Major IVD players are also collaborating with regional partners to expand their reach in developing countries across Asia Pacific.
The Chinese IVD market is growing rapidly, fueled by rising demand for molecular diagnostics, point-of-care testing, and digital health integration. Molecular diagnostics are particularly in demand for infectious diseases and oncology, supported by public health initiatives and increased healthcare spending.
Japan’s IVD market growth is driven by an aging population and progress in personalized medicine. Key trends include a growing use of molecular diagnostics for oncology and genetic testing, which aid in identifying targeted treatments for age-related diseases
Latin America In Vitro Diagnostics Market Trends:
The IVD market in Latin America is expanding due to increased healthcare investments, a focus on disease prevention, and enhanced healthcare access. A prominent trend is the adoption of point-of-care testing for infectious diseases like dengue, Zika, and COVID-19, especially in remote areas. Demand for molecular diagnostics in oncology is also growing as awareness of personalized medicine rises. Public-private partnerships and government initiatives are building diagnostics infrastructure, making advanced testing technologies more accessible across the region.
Middle East & Africa In Vitro Diagnostics Market Trends:
The IVD market in the Middle East and Africa (MEA) is set for growth, driven by increased healthcare spending and the prevalence of infectious diseases. Major trends include the adoption of advanced molecular diagnostics and point-of-care testing to improve disease detection and management. Additionally, a focus on personalized medicine and government initiatives aimed at enhancing healthcare infrastructure are supporting market expansion. Collaborations between local and international players are fostering innovation, making diagnostic solutions more accessible across the region.
Browse through Grand View Research's Category Clinical Diagnostics Industry Research Reports.
The global saliva collection and diagnostics market size was estimated at USD 818.9 million in 2024 and is projected to grow at a CAGR of 4.7% from 2025 to 2030.
The global cholesterol testing products and services market size was estimated at USD 19.85 billion in 2024 and is projected to grow at a CAGR of 8.4% from 2025 to 2030.
Key Companies & Market Share Insights:
Among the prominent players in the IVD market are F. Hoffmann-La Roche Ltd., Abbott, Quest Diagnostics Incorporated, and Danaher. These companies actively pursue strategies like new product launches, mergers and acquisitions, and partnerships to strengthen and diversify their product offerings. These efforts are focused on expanding their product portfolios, introducing technologically advanced and innovative diagnostic tools, and improving their competitive positioning within the market.
Emerging companies in the IVD sector, including Llusern Scientific, Biocartis Group NV, ARUP Laboratories, Veracyte, and Exact Sciences Corp, are also making strides. These companies concentrate on developing novel and accurate IVD testing products, contributing to overall healthcare improvements. They frequently collaborate with research institutions, governmental bodies, and global leaders to expand their product reach and presence in new, high-potential markets.
Order a free sample PDF of the In Vitro Diagnostics Market Intelligence Study, published by Grand View Research.
0 notes
Text
The Future of Health: Navigating the Growing In Vitro Diagnostics Market
Market Size Overview
The In Vitro Diagnostics Market is projected to be valued at approximately USD 95.59 billion in 2024, with expectations to reach around USD 125.61 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.62% during the forecast period from 2024 to 2029.
Market Overview
The In Vitro Diagnostics (IVD) industry is experiencing significant growth driven by advancements in technology, an increasing prevalence of chronic diseases, and a rising demand for personalized medicine. As healthcare systems evolve, the emphasis on early disease detection and monitoring further propels the market forward.
Key Trends
Technological Advancements: Innovations in molecular diagnostics, point-of-care testing, and automation are enhancing the accuracy and efficiency of diagnostic procedures.
Rising Demand for Home Testing: The trend toward at-home diagnostic kits is on the rise, fueled by consumer preference for convenience and privacy, especially post-pandemic.
Personalized Medicine: Increasing adoption of targeted therapies necessitates precise diagnostic tools, driving demand for specific IVD tests tailored to individual patient needs.
Regulatory Changes: Evolving regulatory frameworks are influencing market dynamics, as companies adapt to new compliance requirements to ensure product safety and efficacy.
Global Health Initiatives: Government investments in healthcare infrastructure and disease prevention programs are enhancing access to diagnostic services, particularly in emerging markets.
Challenges
Despite its promising growth, the IVD market faces challenges such as stringent regulatory requirements, high costs of advanced diagnostic technologies, and the need for continuous innovation to keep pace with rapid scientific advancements. Additionally, competition from established players and emerging startups can impact market entry for new companies.
Conclusion
The In Vitro Diagnostics industry is poised for robust growth, driven by technological advancements and a heightened focus on early disease detection. While challenges exist, the overall outlook remains positive, suggesting that stakeholders should remain agile and innovative to capitalize on emerging opportunities in this dynamic market.
#In Vitro Diagnostics industry#In Vitro Diagnostics market#In Vitro Diagnostics market size#In Vitro Diagnostics market share#In Vitro Diagnostics market trends#In Vitro Diagnostics market analysis#In Vitro Diagnostics market growth#In Vitro Diagnostics industry overview
0 notes
Text
Plastic Housing for IVD Test Kit
“Plastic Housing Cassettes for Lateral Flow Rapid Test Kit” are plastic casings designed by ZSupbio to house lateral flow rapid test kits. These cassettes provide a protective and functional housing for the test components, ensuring accurate and reliable results.
0 notes
Text
In Vitro Diagnostics Market Size and Regional Outlook Analysis 2024 - 2030
The global in vitro diagnostics market size is expected to reach USD 101.58 billion by 2030, according to a new report by Grand View Research, Inc. It is estimated to register a CAGR of 4.4% over the forecast period driven by the increasing geriatric population, COVID-19 pandemic, and technological advancements in diagnostics that are supporting its adoption. Technological advancements in terms of portability, accuracy, and cost-effectiveness are projected to be one of the high-impact rendering drivers. Technological advancements were further accelerated by the launch of COVID-19 IVD diagnostics and enhanced the adoption of instruments and consumables for technologies, such as PCR. Competitors in the market are increasingly adopting agreement and partnership strategies to maintain a constant flow of business for manufacturers & diagnostics for users.
These agreements are also a result of the harsh price containment strategies for government laboratories, which lowers the price in government settings. For instance, in April 2021, the Italian subsidiary of Seegene, Inc. received a USD 108.25 million tenders for public procurement for the supply of extraction reagents, as well as 7.15 million SARS-CoV-2 diagnostic tests. However, it increases the multiparty nature and complexity of the supply chain. The high prevalence of cancer and Cardiovascular Diseases (CVDs) globally is anticipated to drive diagnostic innovation to facilitate early diagnosis and meet the constantly evolving needs of consumers. Novel technologies, such as plasmonic PCR, are anticipated to commercially enter the market during the forecast period, influencing the business of existing products adversely.
Gather more insights about the market drivers, restrains and growth of the In Vitro Diagnostics Market
Detailed Segmentation:
Market Characteristics
Market growth stage is medium, and the pace of the market growth is decelerating. Decreasing demand for COVID-19 tests is hampering the growth. The market is characterized by a high degree of innovation owing to the increasing introduction of novel molecular diagnostics and immunoassay tests for multiple disease indications. Moreover, increasing demand for patient-centric tests is encouraging market players to develop technologically advanced products.
Product Insights
The reagents segment held the largest share of 65.88% of the overall revenue in 2023. The segment is expected to retain its dominance growing at the fastest CAGR from 2024 to 2030 owing to the extensive R&D initiatives undertaken by major players to develop novel reagents and test kits. For instance, in February 2023, BD received the market approval for the BD Onclarity HPV Assay to be used with the ThinPrep Pap Test in the U.S. The increasing R&D activities to enable faster cancer detection and precision medicine are allowing companies to focus on niche profitable areas in the IVD business. For instance, in March 2023, QIAGEN partnered with Servier to develop a companion diagnostic test for TIBSOVO, indicated for treating the blood cancer acute myeloid leukemia.
Technology Insights
The immunoassay segment accounted for the largest revenue share in 2023. Increasing incidence of chronic & communicable diseases and rising need for early diagnosis are among the key factors leading to an increase in demand for immunological methods, including different types of Enzyme-Linked Immunosorbent Assays (ELISAs). Moreover, key players are focused on R&D pertaining to development of new immunological diagnostic instruments and tests for IVD applications. For instance, in October 2023, Sysmex Corporation and Fujirebio Holdings, Inc. collaborated to enhance their R&D, production, clinical development, and marketing activities in immunoassay.
End-use Insights
The hospitals segment held the largest revenue share in 2023 owing to a rise in the rate of hospitalizations that require support from faster diagnostics. Moreover, the ongoing development of healthcare infrastructure and favorable initiatives taken by government bodies are anticipated to enhance the existing hospital facilities. Thus, the demand for hospital-based IVD tests is increasing. Most IVD devices are purchased by hospitals and used in significant volumes. In 2023, there are over 6,129 hospitals in the U.S. that require constant aid from IVD for critical decision-making, as IVD tests provide faster and more accurate results.
Test Location Insights
The others (lab-based tests) segment accounted for the largest revenue share in 2023. A large number of test analyses at one time and the higher accuracy of laboratory-based tests make them more reliable compared to PoC and home tests, giving segment a competitive edge over the other two segments. Moreover, the availability of tests that allow for sample collection at home and sending it to the laboratories for testing makes testing highly convenient for patients.
Application Insights
The infectious diseases segment dominated the market in 2023. The outbreak of the COVID-19 pandemic increased the segment share significantly in recent years. Moreover, key players are introducing novel testing products to improve access to high-quality, innovative laboratory services for patients & healthcare providers. For instance, in February 2023, BD received EUA from the U.S. FDA for a new molecular diagnostic combination test for SARS-CoV-2, Influenza A+B, and Respiratory Syncytial Virus (RSV). Such initiatives by key players to strengthen their presence are expected to drive market growth.
Regional Insights
North America dominated the market and accounted for a share of 42.28% in 2023. The region is estimated to retain its leading market position throughout the forecast period. The market in this region is collectively driven by factors, such as the rising incidence of chronic diseases, presence of strong players, increasing number of novel test launches, and supportive government funding. For instance, in January 2023, BD and CerTest Biotec received EUA from the U.S. FDA for a PCR test for Mpox virus detection in the U.S. Moreover, the increasing requirement for genetic testing for personalized health care, such as that for diabetes and cancer, is expected to drive market growth in North America.
Browse through Grand View Research's Clinical Diagnostics Industry Research Reports.
• The global hepatitis diagnostic market size was valued at USD 3.82 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2030.
• The global hematology diagnostics market size was valued at USD 7.54 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2030.
Key Companies & Market Share Insights
Some of the key players operating in the in vitro diagnostics market include F. Hoffmann-La Roche Ltd.; Abbott; Quest Diagnostics Inc.; and Danaher. Market players are adopting various strategies, such as new product launches, mergers & acquisitions, and partnerships, to strengthen their product portfolios and offer diverse technologically advanced & innovative products.
Key In Vitro Diagnostics (IVD) Companies:
• Abbott
• bioMérieux SA
• QuidelOrtho Corporation
• Siemens Healthineers AG
• Bio-Rad Laboratories, Inc.
• Qiagen
• Sysmex Corporation
• Charles River Laboratories
• Quest Diagnostics Incorporated
• Agilent Technologies, Inc.
• Danaher Corporation
• BD
• F. Hoffmann-La Roche Ltd.
In Vitro Diagnostics Market Segmentation
Grand View Research has segmented the global in vitro diagnostics (IVD) market report based on product, technology, application, end-use, test location, and region:
IVD Product Outlook (Revenue, USD Million, 2018 - 2030)
• Instruments
• Reagents
• Services
IVD Technology Outlook (Revenue, USD Million, 2018 - 2030)
• Immunoassay
o Instruments
o Reagents
o Services
• Hematology
o Instruments
o Reagents
o Services
• Clinical Chemistry
o Instruments
o Reagents
o Services
• Molecular Diagnostics
o Instruments
o Reagents
o Services
• Coagulation
o Instruments
o Reagents
o Services
• Microbiology
o Instruments
o Reagents
o Services
• Others
o Instruments
o Reagents
o Services
IVD Application Outlook (Revenue, USD Million, 2018 - 2030)
• Infectious Diseases
• Diabetes
• Oncology
• Cardiology
• Nephrology
• Autoimmune Diseases
• Drug Testing
• Others
IVD Test Location Outlook (Revenue, USD Million, 2018 - 2030)
• Point of Care
• Home-care
• Others
IVD End-use Outlook (Revenue, USD Million, 2018 - 2030)
• Hospitals
• Laboratory
• Home-care
• Others
IVD Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Spain
o Italy
o Russia
o Denmark
o Sweden
o Norway
• Asia Pacific
o Japan
o China
o India
o South Korea
o Australia
o Thailand
o Singapore
• Latin America
o Brazil
o Mexico
o Argentina
• Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o UAE
o Kuwait
Order a free sample PDF of the In Vitro Diagnostics Market Intelligence Study, published by Grand View Research.
Recent Developments
• In December 2023, ARUP Laboratories and Medicover collaborated to provide diagnostic and healthcare services in Europe. ARUP Laboratories has developed AAV5 DetectCDx in collaboration with BioMarin Pharmaceutical Inc. to select therapies for severe hemophilia A patients
• In November 2023, Veracyte joined Illumina to develop molecular tests for decentralized IVD applications. Companies are focusing on the development of Prosigna breast cancer and Percepta nasal swab tests of Veracyte
• In October 2023, Promega Corporation announced its plan to develop and commercialize companion diagnostics kits with GSK Plc to identify cancer patients with MSI-H solid tumors
• In February 2023, Unilabs announced investing over USD 200 million in Siemens Healthineers' technology and acquiring more than 400 laboratory analyzers to strengthen its laboratory infrastructure
• In February 2023, F. Hoffmann-La Roche Ltd. collaborated with Janssen Biotech Inc. to develop companion diagnostics for targeted therapies. Companion diagnostic technologies include digital pathology, NGS, PCR, immunoassays, and immunohistochemistry
#In Vitro Diagnostics Market#In Vitro Diagnostics Market size#In Vitro Diagnostics Market share#In Vitro Diagnostics Market analysis#In Vitro Diagnostics Industry
0 notes