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In-Vitro Diagnostic (IVD) Market Trends Global Industry Analysis, Top Key Manufacturers, Share, Demand, Growth Opportunities and Forecast to 2024
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The in-vitro diagnostic market is categorized on the basis of technology, products and services, application and end users. On the basis of products and services of in-vitro diagnostic, the market is categorized as reagents and kits, instruments, data management software/hardware and services. On the basis of technology, the market is categorized as clinical chemistry, immunochemistry, microbiology, coagulation and hemostasis, hematology, molecular diagnostics, and others. Moreover, applications of in-vitro diagnosis are further categorized as diabetes, autoimmune disease, cardiology, infectious disease, oncology, nephrology, drug testing, HIV, and others.
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Some of the factors driving the growth of the global in-vitro diagnostic market are rise in geriatric population, increasing prevalence of chronic lifestyle associated diseases, increasing prevalence of infectious diseases, growing awareness of personalized medicine and increasing adoption of point-of-care testing. However, strict regulatory framework, and inadequate reimbursement are some of the factors restraining the growth of the in-vitro diagnostic market to an extent.
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Some of the companies operating in the in-vitro diagnostic market are Roche Diagnostics, Abbott Laboratories, Ortho Clinical Diagnostics, Inc., Biomerieux, Thermo Fisher Scientific, Inc., Siemens Healthcare, Johnson & Johnson, Becton Dickinson and Company, Danaher Corporation, Sysmex Corporation, and Bio-Rad Laboratories, Inc.
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