U.S. IVD Market Highlighting Regional Revenue Share Dominance During Forecast Period 2023

U.S. IVD market was valued at $15,746 million in 2016 and is projected to reach at $20,707 million by 2023, growing at a CAGR of 3.9% from 2017 to 2023. The reagent segment accounted for more than three-fifths share of the total market in 2016.

In vitro diagnostics (IVD) are laboratory-based analysis performed in vitro conditions to determine the general state of health and presence of diseases, and to assess disease progression and treatment. Infections, cancer, cardiovascular immunological, nephrological, and gastroenterological diseases are diagnosed in an in vitro environment.

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Evolution of information technology plays an important role in the development of automated techniques. Increase in geriatric population, the rise in disposable income, and high healthcare expenditure in the U.S. drive the market growth.

However, unfavorable reimbursement policies and stringent government regulations related to the safety and efficacy of the IVD are expected to restrain the market growth during the forecast period. Ongoing R&D associated with the IVD and increase in awareness of preventive healthcare measures provides huge growth potential for the IVD market.

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Major Players:

• Thermo Fisher Scientific Inc.
• Alere Inc.
• Biomerieux
• Danaher Corporation
• F. Hoffmann-La Roche AG
• Becton Dickinson and Company
• Bio-Rad Laboratories
• Bayer AG
• Sysmex Corporation
• Johnson & Johnson

Key Benefits:

• The study provides an in-depth analysis of the U.S. IVD market along with current trends and future estimations to elucidate the imminent investment pockets.

• Quantitative analysis of the industry is provided for the period of 2016‐2023 to enable the stakeholders to capitalize on the prevailing market opportunities.

• Comprehensive analysis of factors that drive and restrict the growth of the market is provided.

• Extensive analysis by technique and application helps to understand various trends and prevailing opportunities in the market.

• The key market players are profiled and their strategies are analyzed to predict the competitive outlook of the market.

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