In-Vitro Diagnostics (IVD) Market Segmentation by Product (Reagents & Kits, Instruments, and Services); by Technology (Immunoassay Systems, DNA Analytics/Sequencing, Molecular Diagnostics, Hematology, Tissue Diagnostics, Microbiology, and Others); by Application (Oncology, Cardiology, Autoimmune Diseases, Neurology, Infectious Diseases, Gastroenterology, and Others); and by End-User (Hospitals & Clinics, Research Institutes, Diagnostics Laboratories, and Others)-Global Demand Analysis & Opportunity Outlook 2021-2031

  • Product Code:
  • Published Date:
    11 May 2022
  • Region:
  • Pages:
  • Category:
    Healthcare & Pharmaceuticals
  • Publisher:

Impact Analysis on the Growth of Market

Activating Probable Propositions Amidst COVID-19 Crisis

With things going haywire, we analyze key points to make sure that the businesses around the globe are completely prepared to tackle potential implications caused by COVID-19. Be it protecting employees, customers or the overall business operations, we ensure that the employers take the right decisions, make strategic investments and maintain a healthy work culture along with taking probable measures to minimize the financial loss. Know More

The Research Report is Updated with 2021 Base Year, 2022 Estimated year and Forecast till 2031 with Market Insights.

With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2021 as base year, 2022 as estimated year and forecast to 2031. This will have market drivers, recovery rate in the market, insights and competitive analysis.

Market Overview:

Translate Report

Global In-Vitro Diagnostics (IVD) Market Highlights Over 2021 - 2031

The global in-vitro diagnostics (IVD) market is estimated to garner a revenue of USD 135167.7 Million by the end of 2031 by growing at a CAGR of 4.6% over the forecast period, i.e., 2022 – 2031. Moreover, in 2021, the market generated a revenue of USD 87236.4 Million. The growth of the market can be attributed to the rising incidences of chronic diseases as well as different types of infectious diseases, such as SARS-CoV2, HIV, AIDS, tuberculosis, and pneumonia among others, and therefore the need for diagnostic procedures that can help treat these diseases. According to the statistics by the World Health Organization (WHO), more than 15 million people between the ages of 30 and 69 years are known to die each year from non-communicable diseases (NCD). In addition to this, the rising cases of the COVID-19 pandemic, which according to the WHO reported 515192979 confirmed cases and 6254140 deaths as of 5:13pm (CEST), 9 May 2022, which has driven the need for IVD kits and reagents for the accurate and rapid diagnosis of the viral infection are also anticipated to contribute to the market growth.


In-Vitro Diagnostics (IVD) Market Analysis



The growth of the market can also be attributed to the rising healthcare expenditure globally and the surge in research and developments in the field of medical sciences. Additionally, the shift in preferences towards point-of-care (PoC) diagnosis over conventional diagnosis procedures, backed by numerous benefits of PoC diagnosis, such as convenience of use, low operational costs and quick analytical results, are also expected to boost the market growth in the coming years.

Global In-Vitro Diagnostics (IVD) Market Regional Synopsis

Regionally, the global in-vitro diagnostics (IVD) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in North America is projected to garner the largest revenue of USD 57175.9 Million by the end of 2031, up from a revenue of USD 36988.2 Million in the year 2021. The growth of the market in the region can primarily be attributed to the presence of a strong healthcare network in the region, rising awareness for in-vitro diagnostics among the individuals as well as healthcare service operators, along with the surge in concern for different types of chronic diseases in the region, especially in the United States. According to the statistics by the Centers for Disease Control and Prevention (CDC), out of 10 adults, 6 adults were known to have a chronic disease in the United States. Furthermore, out of 10 adults, 4 adults were known to have at least 2 or more such diseases in the nation.

On the other hand, the market in Europe is projected to garner the second-largest revenue of USD 36508.8 Million by the end of 2031, up from a revenue of USD 23292.1 Million in the year 2021. The market in the region is further segmented by country into Germany, United Kingdom, France, Italy, Spain, Russia, and the Rest of Europe. The market in Germany is projected to garner the second largest revenue of USD 9017.7 Million by the end of 2031, up from a revenue of USD 5613.4 Million in the year 2021.

Growth Drivers and Challenges Impacting the Growth of the Global In-Vitro Diagnostics (IVD) Market

Growth Drivers

  • Increasing Incidences of Chronic Diseases and Infectious Diseases

  • Surge in Healthcare Expenditure

  • Shift Towards Point-of-Care Diagnosis


  • Operational Barriers Faced During Conduction of Diagnostic Tests

  • Dynamic Regulatory Landscape

Global In-Vitro Diagnostics (IVD) Market Segmentation Synopsis

The global in-vitro diagnostics (IVD) market is segmented by product into reagents, instruments, and services. Out of these, the reagents segment is projected to garner the largest revenue of USD 112156.4 Million by the end of 2031, up from a revenue of USD 71786.2 Million in the year 2021. By technology, the market is segmented into immunoassay systems, DNA analytics/sequencing, molecular diagnostics, hematology, tissue diagnostics, microbiology, and others. Out of these, the immunoassay systems segment is projected to garner the largest revenue of USD 39262.8 Million by the end of 2031, up from a revenue of USD 24754.4 Million in the year 2021. By application, the market is segmented into oncology, cardiology, autoimmune diseases, neurology, infectious diseases, gastroenterology, and others. Out of these, the infectious diseases segment is projected to garner the largest revenue of USD 33944.8 Million by the end of 2031, up from a revenue of USD 21378.2 Million in the year 2021. By end-user, the market is segmented into hospitals & clinics, research institutes, diagnostics laboratories, and others. Out of these, the hospitals & clinics segment is projected to garner the largest revenue of USD 64709.2 Million by the end of 2031, up from a revenue of USD 42162.6 Million in the year 2021.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global in-vitro diagnostics (IVD) market that are included in our report are Abbott, Siemens Healthcare GmbH, F. Hoffmann-La Roche Ltd., Eisai Co., Ltd., Kyowa Kirin Co., Ltd., Sysmex Corporation, Qiagen GmbH, bioMerieux SA, Danaher Corporation, Bio Rad Laboratories, Inc., Thermo Fisher Scientific Inc., Exact Sciences Corporation, Becton, Dickinson and Company, and others.

Latest Developments in the Global In-Vitro Diagnostics (IVD) Market:

  • March 30th, 2021: Becton, Dickinson and Company announced that it has received emergency use authorization (EUA) by the United States Food and Drug Administration (FDA) for its BD Veritor System for Rapid Detection of SARS-CoV-2 & Flu A+B, a new rapid antigen test that can detect SARS-CoV-2, influenza A and influenza B in a single test.

  • December 23rd, 2020: Sysmex Corporation announced that it has received marketing approval for the HISCL IFN-λ3 Assay Kit. This test kit is designed in determining the exacerbation risk in positive patients of SARS-CoV-2.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

  • The report includes detailed company profiles of the major players dominating the market.

  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook



1.      Market Definition

2.    Assumptions & Acronyms

3.    Research Methodology

4.    Executive Summary

5.     Market Dynamics

6.    Value Chain Analysis

7.     Regulatory & Standards Landscape

8.    Industry Risk Analysis

9.    Pricing Analysis by Product

10.            Impact of COVID-19 on the Global In-Vitro Diagnostics (IVD) Market

11.  Patent Analysis

12.Analysis on End-User of Global In-Vitro Diagnostics (IVD) Market

13.Investment Analysis

14.Industry Growth Outlook

15. Competitive Feature Analysis

16.Competitive Landscape

16.1.                  Market Share Analysis, 2021

16.2.                Company Names

16.2.1.                      Abbott   Detailed Overview  Assessment of Key Offering  Predictive Strategies & Positioning vs. Current Positioning  Analysis on Growth Strategies  Exhaustive Analysis on Key Financial Indicators  Recent Developments

16.2.2.                    Siemens Healthcare GmbH

16.2.3.                    F. Hoffmann-La Roche Ltd.

16.2.4.                    Eisai Co., Ltd.

16.2.5.                     Kyowa Kirin Co., Ltd.

16.2.6.                    Sysmex Corporation

16.2.7.                     Qiagen GmbH

16.2.8.                    bioMerieux SA

16.2.9.                    Danaher Corporation

16.2.10.                Bio Rad Laboratories, Inc.

16.2.11.                  Thermo Fisher Scientific Inc.

16.2.12.                Exact Sciences Corporation

16.2.13.                Becton, Dickinson and Company

17. Global In-Vitro Diagnostics (IVD) Market

17.1.                  Market Overview

17.2.                 By Value (USD Million)

17.3.                 Market Segmentation Analysis 2021-2031

17.3.1.                      By Product    Reagents & Kits  Instruments        Semi-Automated Instruments      Fully Automated Instruments  Services

17.3.2.                     By Technology  Immunoassay Systems DNA Analytics/Sequencing Molecular Diagnostics Hematology Tissue Diagnostics Microbiology Others

17.3.3.                     By Application  Oncology Cardiology Autoimmune Diseases Neurology Infectious Diseases Gastroenterology Others

17.3.4.                     By End-User  Hospitals & Clinics Research Institutes Diagnostics Laboratories Others

17.3.5.                     By Region   North America Europe Asia Pacific Latin America  Middle East & Africa

18.North America In-Vitro Diagnostics (IVD) Market

18.1.                  Market Overview

18.2.                By Value (USD Million)

18.3.                Market Segmentation Analysis 2021-2031

18.3.1.                      By Product   Reagents & Kits  Instruments       Semi-Automated Instruments      Fully Automated Instruments  Services

18.3.2.                    By Technology  Immunoassay Systems                        DNA Analytics/Sequencing                        Molecular Diagnostics                        Hematology Tissue Diagnostics                        Microbiology Others

18.3.3.                    By Application  Oncology                        Cardiology                        Autoimmune Diseases                        Neurology Infectious Diseases                        Gastroenterology Others

18.3.4.                    By End-User  Hospitals & Clinics                        Research Institutes                        Diagnostics Laboratories                        Others

18.3.5.                     By Country  United States Canada

19.Europe In-Vitro Diagnostics (IVD) Market

19.1.                  Market Overview

19.2.                By Value (USD Million)

19.3.                Market Segmentation Analysis 2021-2031

19.3.1.                      By Product

19.3.2.                    By Technology

19.3.3.                    By Application

19.3.4.                    By End-User

19.3.5.                     By Country  Germany United Kingdom France Italy Spain Russia Rest of Europe

20.          Asia Pacific In-Vitro Diagnostics (IVD) Market

20.1.                Market Overview

20.2.              By Value (USD Million)

20.3.              Market Segmentation Analysis 2021-2031

20.3.1.                    By Product

20.3.2.                  By Technology

20.3.3.                  By Application

20.3.4.                  By End-User

20.3.5.                   By Country                        China                       Japan                       South Korea                       Australia                       India                       Singapore                       Rest of APAC

21.Latin America In-Vitro Diagnostics (IVD) Market

21.1.                  Market Overview

21.2.                By Value (USD Million)

21.3.                Market Segmentation Analysis 2021-2031

21.3.1.                      By Product

21.3.2.                    By Technology

21.3.3.                    By Application

21.3.4.                    By End-User

21.3.5.                     By Country  Brazil Argentina Mexico Rest of Latin America

22.           Middle East & Africa In-Vitro Diagnostics (IVD) Market

22.1.                Market Overview

22.2.               By Value (USD Million)

22.3.               Market Segmentation Analysis 2021-2031

22.3.1.                    By Product

22.3.2.                   By Technology

22.3.3.                   By Application

22.3.4.                   By End-User

22.3.5.                   By Country GCC                       Israel                       South Africa                       Rest of Middle East & Africa

Please enter your personal details below
I want to buy this report
I am willing to know the scope of research
I have customized query over this report
  1. Siemens Healthcare GmbH
  2. F. Hoffmann-La Roche Ltd.
  3. Eisai Co., Ltd.
  4. Kyowa Kirin Co., Ltd.
  5. Sysmex Corporation
  6. Qiagen GmbH
  7. bioMerieux SA
  8. Danaher Corporation
  9. Bio Rad Laboratories, Inc.
  10. Thermo Fisher Scientific Inc.
  11. Exact Sciences Corporation
  12. Becton, Dickinson and Company
Please enter your personal details below
I want to buy this report
I am willing to know the scope of research
I have customized query over this report

Related Reports