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In Vitro Diagnostics Market to be Worth $113.38 Billion by 2030: Million Insights | ||
By: PR Newswire Association LLC. - 22 Nov 2022 | Back to overview list |
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FELTON, Calif., Nov. 22, 2022 /PRNewswire/ -- The global in vitro diagnostics market size is projected to be worth USD 113.38 billion by 2030, advancing steadily at a CAGR of 0.2% during the forecast period. IVD involves testing that is performed on human body samples such as mucus swabs from the back of the throat or nose, or blood drawn from a fingerstick or vein. Key Industry Insights & Findings from the report:
Read 200 page full market research report for more Insights, "In Vitro Diagnostics Market Size, Share & Trends Analysis Report By Product, By Test Location, By End-use, By Application, By Technology And Segment Forecasts From 2022 To 2030", published by Million Insights. In Vitro Diagnostics Market Growth & Trends The presence of a large population base that suffers from, or is expected to suffer from various disorders such as cancer, diabetes, and heart diseases, among others, is the major factor driving demand for in vitro diagnostics in the medical community. The advent of the coronavirus pandemic has brought the industry into further limelight, as healthcare workers race against time to minimize the spread of the virus. IVD tests have proven to be quick, efficient, and trustworthy when it comes to identifying the affected population, to a large extent; as a result, more and more testing kits have been released over the past two years that have received approval from bodies such as the US FDA. As per an article by MedTech Europe, in the year 2020, the combined test volume in the United Kingdom, France, Germany, Italy, Spain, and Denmark alone crossed 200 million, as governments across economies encouraged people to undergo testing in addition to isolation. Further advancements in the industry are expected to be a result of the need to enhance the accuracy, portability, and affordability of these kits and products. Additionally, the growing prominence of novel technologies such as plasmonic PCR that are expected to be commercialized in the coming years is further expected to have a positive impact on industry advancement. Developments in the precision medicine space are expected to create strong demand for novel consumables and reagents. A recent example is when Thermo Fisher Scientific launched the Ion Torrent Genexus Dx Integrated Sequencer in March 2022 for diagnostic as well as research purposes. Similar developments are expected to greatly enhance the perception of the IVD market during the forecast period. In Vitro Diagnostics Market Segmentation Million Insights has segmented the global in vitro diagnostics (IVD) market based on product, technology, application, end-use, test location, and region: IVD Market - Product Outlook (Number of Instruments Installed in Thousands, Number of Reagents Sold in Millions; Revenue, USD Million, 2018 - 2030)
IVD Market - Technology Outlook (Number of Instruments Installed in Thousands, Number of Reagents Sold in Millions; Revenue, USD Million, 2018 - 2030)
IVD Market - Application Outlook (Revenue, USD Million, 2018 - 2030)
IVD Market - End-use Outlook (Number of Instruments Installed in Thousands, Number of Reagents Sold in Millions; Revenue, USD Million, 2018 - 2030)
IVD Market - Test Location Outlook (Revenue, USD Million, 2018 - 2030)
IVD Market - Regional Outlook (Number of Instruments Installed in Thousands, Number of Reagents Sold in Millions; Revenue, USD Million, 2018 - 2030)
List of Key Players of In Vitro Diagnostics Market
Check out more latest studies published by Million Insights:
Explore more Market Research Reports by Million Insights, for industry specific reports that provide real-time market trends and forecasts, by condensing the integral elements from our industry reports into bite-sized paragraphs, charts, and tables. Access More Press Releases About Million Insights: Million Insights, is a market research and consulting company, provides syndicated as well as customized research reports and consulting services. We have a comprehensive marketplace, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive. Contact: Ryan Manuel View original content:https://www.prnewswire.co.uk/news-releases/in-vitro-diagnostics-market-to-be-worth-113-38-billion-by-2030-million-insights-301685091.html |
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