#ivd market analysis

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The Business Research Company offers in vitro diagnostics ivd quality control market research report 2023 with industry size, share, segments and market growth

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Global In Vitro Diagnostics (IVD) Market Report 2022| Research Analysis with Trends, Segmentation, Share and Forecast by 2030| By R&I

The report is titled as ‘In Vitro Diagnostics Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the In Vitro Diagnostics market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. In Vitro Diagnostics market is expected to grow with significant rate in the near future.

The global In Vitro Diagnostics (IVD) market in 2020 is estimated for more than US$ 70,561.9 Mn and expected to reach a value of US$ 1,03,310.9 Mn by 2028 with a significant CAGR of 4.9%.

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In Vitro Diagnostics Market Dynamics

In-vitro diagnostics are tests performed in laboratories on biological samples such as blood, urine, tissue, etc. In vitro diagnostic are not only used for diagnosis but also provides useful information on monitoring of disease and treatment. Two-thirds of today’s clinical diagnoses involve in vitro diagnostics, hence are referred to as the backbone of healthcare.

In-vitro diagnostics market has witnessed substantial growth in last decade owing to technological advancements in testing methods as well as in analyzer instruments. According to the EPRS report, there are over 40,000 different IVD products available in the European market and per capita annual spending on IVD is approximately US$ 26. In-vitro diagnostics help to reduce the healthcare cost by making treatments more efficient and precise.

Evolving regulations for in-vitro diagnostics is the major driving force for market growth over the forecast period. For instance, regulation of medical devices in the European Union (EU) is undergoing a significant transformation with expanding the scope for in vitro diagnostics, which is expected to impact the increased product approvals for IVD in the region. Significant progress in point-of-care testing is another factor driving the growth of the global in-vitro diagnostics market. Introduction of molecular based assays and identification of range of biomarkers has opened up huge new opportunity for growth of global in-vitro diagnostics market.

MMC Overview on In Vitro Diagnostics Market Report

The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.

A research report on the In Vitro Diagnostics market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

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In Vitro Diagnostics Market Segmentation

The global in vitro diagnostics market is segmented on the basis of product type, technology, end user and region. On the basis of product type, in vitro diagnostics market is segmented as reagents and kits, analyze, and consumables. Based on technology, global market is segmented as immunochemistry, molecular diagnostics, hematology, point-of-care diagnostics, tissue diagnostics and clinical chemistry. On the basis of end user, global in vitro diagnostics market is segmented into hospitals, diagnostic centers, clinics, home care settings and others.

By Products & Services

Reagents & Kits

Instruments

Fully Automated Instruments

Semi-Automated Instruments

Other Instruments

Data Management Software

Services

By Technology

mmunoassay/Immunochemistry

Enzyme-Linked Immunosorbent Assay

hemiluminescence Immunoassays

Fluorescence Immunoassays

Colorimetric Immunoassays

Radioimmunoassay

Rapid Test

Western Blotting

Enzyme-Linked Immunospot Assays

Clinical Chemistry

Basic Metabolic Panel

Electrolyte Panel

Liver Panel

Lipid Profile

Renal Profile

Thyroid Function Panel

Specialty Chemical Tests

Molecular Diagnostics

Polymerase Chain Reaction

Isothermal Nucleic Acid Amplification Technology

Microarray

Hybridization

DNA Sequencing & Next-Generation Sequencing

Other Mdx Technologies

Microbiology

Hematology

Coagulation and Hemostasis

Urinalysis

Other IVD Technologies

By Application

 Infectious Diseases

 Diabetes

 Oncology

 Cardiology

 Autoimmune Diseases

 Nephrology

 Drug Testing/Pharmacogenomics

 HIV/Aids

 Other Applications

By End User

Hospitals

Laboratories

Large/Reference Laboratories

Medium-Sized Laboratories

Small Laboratories

Point-Of-Care Testing

Patient Self-Testing

Academic Institutes

Other End Users

By Region

 North America

 Latin America

 Europe

 Asia Pacific

 Middle East

 Africa

In Vitro Diagnostics Market Competitive Landscape

Global market for in vitro diagnostics is dominated by Abbott Laboratories, Merck KGaG, F. Hoffman-La Roche AG, Becton Dickinson & Company, Danaher Corporation, Thermo Fisher Scientific Inc., Qiagen N.V., Diasorin S.P.A., biomerieux SA, Alere Inc., Bayer AG, Bio-Rad Laboratories Inc., Sysmex Corporation, etc. to name a few.

To view Top Players, Segmentation and other Statistics of In Vitro Diagnostics (IVD) Industry, Get Sample Report @: https://reportsandinsights.com/sample-request/1256

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In Vitro Diagnostics (IVD) Quality Control Market Analysis, Demand & Forecast to 2020 – Bio-Rad Laboratories, Inc. (US), Randox Laboratories Ltd. (UK)

Market Overview

The global in vitro diagnostics quality control market was valued at USD 1.5 billion in 2021 and it is anticipated to grow further up to USD 2.2 billion by 2031, at a CAGR of 3.7% during the forecast period.

The effectiveness of in vitro diagnostic tests, including those for pathogen identification using in vitro nucleic acid testing, healthcare-associated illnesses (HAIs) such as pneumonia, urinary tract infections, and others, is assessed using IVD quality controls. These products primarily concentrate on defect detection, quality control, and validation panels like the Blood Culture (BCID) Control Panel, Human Papillomavirus (HPV) Control Panel, and others to support in the implementation and monitoring of the performance of clinical and research laboratories, blood diagnostic centers, and IVD manufacturers.

View Detailed Report Description: https://www.globalinsightservices.com/reports/in-vitro-diagnostics-ivd-quality-control-market/

Market Dynamics

As the burden of various diseases increases globally, so has the number of laboratory tests. The number of laboratories in both the public and private sectors has increased in response to this need. With the start of the COVID-19 pandemic in December 2019, the demand for diagnostic tests has skyrocketed. Many government organizations have established new laboratories in response to this epidemic and to increase laboratory testing capacity. The majority of nations need clinical laboratories to get regulatory body accreditation before performing diagnostic tests. Additionally, accreditation to ISO 15189:2012 and other comparable standards is turning into a requirement in many nations. Authorities assess a laboratory’s competency and quality system during the accreditation process using predetermined standards. While some European nations, including Belgium, France, Hungary, Ireland, and Lithuania, require accreditation for a variety of laboratory tests, others, like Finland, the Netherlands, Sweden, Switzerland, and the UK, have practically finished the process.

It costs a lot of money to set up a QC process in a clinical laboratory. Additionally, laboratories must keep a specialized staff on hand to oversee the QC system. Moreover, regardless of the number of tests conducted, QC procedures are expensive. As a result, QC methods are particularly expensive to adopt for clinical laboratories that perform few diagnostic tests. This is predicted to lead to a lesser adoption of QC procedures, along with budgetary restrictions in many hospitals and laboratories in developed and emerging nations.

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The key players studied in the global in vitro diagnostic quality control market are Bio-Rad Laboratories, Inc. (US), Randox Laboratories Ltd. (UK), Thermo Fisher Scientific, Inc. (US), LGC Limited (UK), Abbott Laboratories (US), Roche Diagnostics (Switzerland), Siemens Healthineers (Germany), Danaher Corporation (US), Fortress Diagnostics (UK), SERO AS (US), Sysmex Corporation (Japan), Ortho-Clinical Diagnostics (US), and Helena Laboratories Corporation (US) among others.

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Vietnam In Vitro Diagnostics Market Share Size Growth Forecast 2024-32

The latest report by IMARC Group, titled “Vietnam In Vitro Diagnostics Market Report by Product & Service (Reagents, Instruments, Software and Services), Technique (Immunodiagnostics, Hematology, Molecular Diagnostics, Tissue Diagnostics, Clinical Chemistry, and Others), Application (Infectious Disease, Cancer, Cardiac Disease, Immune System Disease, Nephrological Disease, and Others), End User (Hospitals and Clinics, Diagnostics Laboratories, and Others), and Region 2024-2032“, The study provides a detailed analysis of the industry, including the Vietnam in vitro diagnostics market share report trends growth size price, and forecasts.  Vietnam in vitro diagnostics market size is projected to exhibit a growth rate (CAGR) of 4.41% during 2024-2032.

In vitro diagnostics (IVD) refers to medical devices and tests used to analyze specimens, such as blood, urine, and tissue, taken from the human body. These diagnostics are conducted outside the human body in laboratory settings to detect diseases, conditions, or infections. IVDs play a crucial role in the healthcare system by providing essential information for diagnosing, monitoring, and treating various medical conditions.

They encompass a wide range of products, including reagents, control materials, calibrators, kits, instruments, and software. IVDs are fundamental in routine health check-ups, early disease detection, managing chronic diseases, and guiding treatment decisions, thus significantly enhancing patient care and health outcomes.

Vietnam In Vitro Diagnostics Market Trends and Drivers:

In the Vietnam in vitro diagnostics market, significant growth is observed, driven by several key factors and trends. The increasing prevalence of chronic diseases such as diabetes, cardiovascular diseases, and cancer is one of the primary drivers of the market. The aging population in Vietnam is also contributing to the rising demand for IVDs, as older adults require more frequent diagnostic tests to monitor their health.

Additionally, the Vietnamese government’s efforts to improve healthcare infrastructure and expand access to medical services are supporting the market’s growth. There is a noticeable trend towards the adoption of advanced diagnostic technologies, including molecular diagnostics and point-of-care testing, which offer faster and more accurate results.

The COVID-19 pandemic has further accelerated the demand for IVDs, particularly for tests related to virus detection and management. Moreover, increasing investments from both public and private sectors in healthcare and diagnostics, coupled with growing awareness about the importance of early disease detection and preventive healthcare, are expected to drive the market forward.

The integration of digital health solutions and the development of new diagnostic products tailored to meet the specific needs of the Vietnamese population are also anticipated to create new opportunities for market players. These factors are contributing positively to the market growth.

For an in-depth analysis, you can refer sample copy of the report:

Vietnam In Vitro Diagnostics Market 2024-2032 Analysis and Segmentation:

The report segmented the market based on product & service, technique, application, and end user.

Product & Service Insights:

Reagents

Instruments

Software and Services

Technique Insights:

Immunodiagnostics

Hematology

Molecular Diagnostics

Tissue Diagnostics

Clinical Chemistry

Others

Application Insights:

Infectious Disease

Cancer

Cardiac Disease

Immune System Disease

Nephrological Disease

Others

End User Insights:

Hospitals and Clinics

Diagnostics Laboratories

Others

Regional Insights:

Northern Vietnam

Central Vietnam

Southern Vietnam

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Key highlights of the report:

Market Performance (2018-2023)

Market Outlook (2024- 2032)

Porter’s Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value Chain

Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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North America IVD Market Analysis, Size, Share, and Forecast 2031

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Orthotic Devices Market 2024: Emerging Trends, Major Driving Factors, Business Growth Opportunities

Orthotic Devices Market provides in-depth analysis of the market state of Orthotic Devices manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Orthotic Devices in these regions till the forecast period

North America

Middle East and Africa

Asia-Pacific

South America

Europe

Key Attentions of Orthotic Devices Market Report:

The report offers a comprehensive and broad perspective on the global Orthotic Devices Market.

The market statistics represented in different Orthotic Devices segments offers complete industry picture.

Market growth drivers, challenges affecting the development of Orthotic Devices are analyzed in detail.

The report will help in the analysis of major competitive market scenario, market dynamics of Orthotic Devices.

Major stakeholders, key companies Orthotic Devices, investment feasibility and new market entrants study is offered.

Development scope of Orthotic Devices in each market segment is covered in this report. The macro and micro-economic factors affecting the Orthotic Devices Market

Advancement is elaborated in this report. The upstream and downstream components of Orthotic Devices and a comprehensive value chain are explained.

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Brazil In-Vitro Diagnostics Market Size, Share Analysis, Growth Outlook 2024-2032

IMARC Group has published a market research report titled "Brazil In-Vitro Diagnostics Market Report by Test Type (Clinical Chemistry, Molecular Diagnostics, Immunodiagnostics, Hematology, and Others), Product (Instrument, Reagent, and Others), Usability (Disposable IVD Devices, Reusable IVD Devices), Application (Infectious Disease, Diabetes, Cancer/Oncology, Cardiology, Autoimmune Disease, Nephrology, and Others), End User (Diagnostic Laboratories, Hospitals and Clinics, and Others), and Region 2024-2032", Brazil in-vitro diagnostics market size is projected to exhibit a growth rate (CAGR) of 5.68% during 2024-2032.

Rising healthcare needs as well as advancements in diagnostic technologies are the factors responsible for the growth of the Brazil in-vitro diagnostics market. Additionally, the growing prevalence of chronic and infectious diseases, such as diabetes, cancer, and COVID-19, has significantly heightened the demand for accurate and efficient diagnostic solutions. Besides this, the public and private healthcare sectors are investing heavily in modernizing their diagnostic capabilities, which is fueling the market. Moreover, initiatives taken by government authorities aimed at improving healthcare infrastructure and expanding access to medical services are further supporting the growth of the in-vitro diagnostics market. An increasing awareness among the population about the importance of early disease detection and regular health check-ups is also leading to higher adoption rates of in-vitro diagnostic tests.

Continue reading.

[renubresearch]

United States In-Vitro Diagnostics Market will be US$ 56.52 Billion in 2030

In vitro diagnostics (IVD) entails laboratory-based medical assessments performed outside of a living organism, making use of additives extracted from the human body or other resources. Vital for healthcare, IVD aids in disease analysis, treatment, and monitoring with the aid of studying samples like blood, urine, and tissues. It encompasses diverse technologies along with molecular diagnostics,…

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Unveiling the Power of Data: Global Digital Pathology Market

The global  digital pathology market  is on track to witness exponential growth, with a projected valuation of USD 7,035.8 million in 2023. According to the latest market analysis, this dynamic market is expected to surge to an impressive USD 24,961.8 million by 2033, reflecting a remarkable Compound Annual Growth Rate (CAGR) of 13.5% during the forecast period from 2023 to 2033.

Digital pathology, also known as virtual microscopy, is revolutionizing the field of pathology by enabling the digitization of tissue samples for analysis, diagnosis, and research purposes. This transformative technology offers numerous advantages over traditional microscopy, including enhanced accuracy, efficiency, and remote accessibility of pathology data.

The market for digital pathology is expanding due to two main factors: the growing use of advanced analytics in pharmaceutical and medical tests. The industry is expanding as a result of the application of analytics for fraud detection and claim management by government agencies and healthcare financing companies.

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Surge in R&D in Digital Pathology to Augment Sales in Forthcoming Years

In recent years, the digital pathology industry has increased investments in biosimilar research and development initiatives, primarily for cancer treatment and Covid-19 treatment, which have substantially fuelled the market expansion.

Contract Research Organizations (CROs), in-vitro diagnostics (IVD) laboratories, clinical laboratories, and regulatory consultants are being assigned biosimilar development responsibilities by pharmaceutical corporations. These enterprises are developing in order to provide more cost-efficient solutions to their customers, requiring the use of digital pathology instruments to diagnose, research, and design effective healthcare solutions.

Cancer diagnostic Opens New Avenues for Digital Pathology Companies

Due to the sheer increasing occurrence of cancer, there is an increase in spending on digital pathology equipment. Complications arising from late cancer diagnosis, particularly in the case of blood cancer and lung cancer, necessitate the use of significant capital resources during therapy and diagnosis. The success of digital pathology in research is driving demand for these systems in the cancer research industry. This is also encouraging government investors to invest in digital pathology systems for clinical diagnosis. A significant amount of money is spent on cancer diagnosis and therapy monitoring. This explains why digital pathology solutions are in high demand.

Competitive Landscape

Danaher Corporation

F. Hoffmann-La Roche AG

Huron Technologies International Inc.

Koninklijke Philips N.V.

Olympus Corporation

Hamamatsu Photonics K.K.

Carl Zeiss AG

Nikon Corporation

3DHISTECH Ltd.

Hologic Inc.

PerkinElmer, Inc.

Visiopharm

OptraSCAN, Inc.

Inspirata, Inc.

Sectra AB

Some of the recent developments in digital pathology market are as follows:

In May 2021, Leica Biosystems joined the European Society for Digital and Integrative Pathology (ESDIP) to assist pathology labs in developing laboratories in accordance with modern digital pathology instruments.

In March 2021, Roche inked a comprehensive merger agreement with GenMark Diagnostics to broaden its product and distribution channel for European consumers.

Key Segments:

Digital Pathology by Product Type:

Digital Pathology Equipment

Whole Slide Scanners

Brightfield Slide Scanners

Fluorescence Slide Scanners

Combination Slide Scanners

Clinical Microscope

Tissue Microarrays

Digital Pathology Software

Image Viewing and Analysis Software

On-premise

Cloud-based

Digital Pathology Information Systems

On-premise

Cloud-based

Digital Pathology Services

Installation and Integration Services

Consulting Services

Maintenance and Validation Services

Digital Pathology by Application:

Clinical Pathology

Molecular Diagnostics

Basic & Applied Research

Drug Development

Others

Digital Pathology by End User:

Hospitals

Diagnostic Laboratories

Pharmaceutical & Biotechnology Companies

Forensic Laboratories

Research Institutes

Contract Research Organizations (CROs)

Clinics

[focusedmarketinsights]

Europe In-vitro Diagnostics (IVD) Market – Focused Insights 2024-2029

Europe in-vitro diagnostics (IVDs) market was valued at USD 27.75 billion in 2023 and is expected to reach USD 31.68 billion by 2029, growing at a CAGR of 2.23% during the forecast period. The market's growth is driven by increasing demand for in-vitro diagnostics solutions and an increase in the aging population with chronic infectious diseases. In addition, the increasing access to disease diagnosis and technology advancements in IVD solutions accelerate the adoption of IVD solutions.

https://www.focusreports.store/report/europe-in-vitro-diagnostics-market-focused-insights

The study considers a detailed scenario of the present in-vitro diagnostics market and its market dynamics for 2024−2029 in Europe. It thoroughly overviews several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent players operating in the market.

MARKET DEFINITION

In vitro diagnostics (IVDs) detect diseases, conditions, and infections in human blood or tissue samples. IVD medical devices include reagents, kits, instruments, equipment, or systems used to diagnose various diseases and health conditions or determine a patient's state of health.

MARKET DRIVERS

Growing Importance for Personalised Medicine: Personalised medicine is becoming increasingly important as scientists learn more about genetic makeup. The undeniable potential of digitization in healthcare is driven by this industry's capacity to recognize the worldwide demand for more advanced and personalized care. The new European Partnership for Personalised Medicine (EP PerMed) was officially launched in 2023. This will promote all areas and disciplines of precision medicine, facilitate innovation and transfer, and encourage its consolidation in health systems, allowing continuous improvement.

EUROPE IN-VITRO DIAGNOSTICS (IVDs) MARKET INSIGHTS

The reagents and consumables segment occupies a major market share of over 65% in the Europe in-vitro diagnostics (IVDs) market, owing to increasing focus on research in molecular biology and technological advancements in genomic sequencing. With the increasing adoption of in-vitro diagnostics solutions, the demand for reagents and consumables is increasing. Infectious diseases and pandemics such as COVID-19 significantly fuel the demand for reagents in diagnosis.

The hematology technology segment is growing significantly, with the fastest-growing CAGR during the forecast period. The growth of the hematology market is attributed to the increasing incidences of blood disorders and other diseases, rapid technological advances in hematology, and the emergence of high throughput hematology analyzers. As the demand for testing has surged in recent years, the laboratory's role in diagnosing and managing diseases has grown significantly.

The diabetic application segment showcases the highest growth rate in the Europe in-vitro diagnostics (IVDs) market. Rising health consciousness among the population and the demand for diabetes monitoring devices, coupled with the easy availability of advanced diabetes devices, are fostering market growth in this segment.

By end-user, the standard reference labs segment dominated the market share of the Europe in-vitro diagnostics (IVDs) market. In recent years, standard reference laboratories have rapidly expanded to offer numerous tests and deliver high market growth by adopting new technologies and product offerings, thus driving market growth.

REGIONAL ANALYSIS

Spain shows the highest growth rate, with a CAGR of 3% in Europe's in-vitro diagnostics (IVDs) market. The demand for IVD solutions has increased in the country due to the rising prevalence of chronic diseases associated with the aging population. In addition, awareness of early detection and diagnosis of various diseases, point-of-care IVD solutions, and advancing technologies in healthcare settings are major factors contributing to market growth.

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In Vitro Diagnostic (IVD) Reagents Market Future Scope And Latest Trends Analysis Report

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North America IVD Market Analysis, Size, Share, and Forecast 2031