In-Vitro Diagnostics Market Drivers, Restraints, Merger, Acquisition, SWOT Analysis, PESTELE Analysis and Business Opportunities by 2027

The global in-vitro diagnostics market size is expected to reach USD 118.44 Billion at a steady revenue CAGR of 4.4% in 2028, according to latest analysis by Emergen Research. In-vitro diagnostics market revenue growth is due to increased investment in research & development in genomics and proteomics industry.

Rising incidence of surgical procedures is expected to fuel market growth. Increased awareness about personalized medicine and adoption of point-of-care testing is also contributing to in-vitro diagnostics market growth. However, strict regulatory framework and inadequate reimbursement policy will impede market growth. Moreover, shortage of skilled professionals to perform diagnostic tests effectively and lack of training programs are also hampering adoption of in-vitro diagnostics products.

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The competitive landscape of the In-Vitro Diagnostics market is explored with regards to the production capacity, revenue and market share, product portfolio, strategic business decisions such as M&A, joint ventures, collaborations, product launches, and brand promotion, among others, for each manufacturer operating in the In-Vitro Diagnostics market.

Major Manufacturers Profiled in the Report:

Siemens Healthineers, Roche Diagnostics, Danaher Corporation, bioMérieux, Abbott Laboratories, DiaSorin, Thermo Fisher Scientific, Inc., Ortho Clinical Diagnostics, QIAGEN, and Sysmex Corporation.

Some Key Highlights in the Report

• In July 2021, Ortho Clinical Diagnostics launched Interleukin-6 (IL-6) reagent pack, the latest addition to ortho's critical care blood testing menu. Ortho is one of the world’s leading in-vitro diagnostic company and is available in the EU countries and several LATAM and APAC countries. The test is used to detect and evaluate inflammatory diseases, including auto-immune disorders, sepsis and severe respiratory infections from COVID-19.
• Oncology segment revenue is forecasted to grow at the highest rate during the forecast period due to increasing rates of mortality and morbidity. Increased research activities and high level of funding from governments worldwide to develop solution for prevention and treatment of disease is propelling the revenue growth of the segment.
• North America accounted for largest revenue share in 2020. Investment in healthcare sector keeps on increasing substantially every year to improve basic healthcare and modernize the whole sector. Such heavy investment has focused on fighting major diseases, authorized by the invention of valid and cost-effective drug development for side effect reduction and treatment, along with enhanced vector control.

Market Segmentation:

Emergen Research has segmented the global in-vitro diagnostics market on the basis of product, devices, application, technique, end-use, and region:

• Product Outlook (Revenue, USD Billion; 2018–2028)
o Reagents & Kits
o Instruments
1. Fully Automated Instruments
2. Semi-Automated Instruments
o Data Management Software
o Services
• Devices Outlook (Revenue, USD Billion; 2018–2028)
o Reusable IVD Devices
o Disposable IVD Devices
• Application Outlook (Revenue, USD Billion; 2018–2028)
o Cancer
o Infectious Diseases
o Diabetes
o Gastrointestinal Disease
o Autoimmune Diseases
o Cardiac Disease
o Drug Testing /Pharmacogenomics
o HIV/AIDS
o Nephrological Disease
o Others
• Technique Outlook (Revenue, USD Billion; 2018–2028)
o Immunoassay
1. Enzyme-Linked Immunosorbent Assay
 Chemiluminescenc e Immunoassays
 Fluorescence Immunoassays
 Colorimetric Immunoassays
2. Radioimmunoassay
3. Rapid Test
4. Western Blotting
5. Enzyme-Linked Immunospot Assays
o Clinical Chemistry
1. Basic Metabolic Panel
2. Electrolyte Panel
3. Liver Panel
4. Lipid Profile
5. Renal Profile
6. Thyroid Function Panel
7. Specialty Chemical Tests
o Molecular Diagnostics
1. Polymerase Chain Reaction
2. Isothermal Nucleic Acid Amplification Technology
3. Microarray
4. Hybridization
5. DNA Sequencing & Next-Generation Sequencing
6. Other Molecular Diagnostics Technologies
o Microbiology
o Hematology
o Coagulation and Hemostasis
o Urinalysis
o Other IVD Technologies
• End-use Outlook (Revenue, USD Billion; 2018–2028)
o Hospitals & Clinics
o Diagnostic Laboratories
o Homecare Settings
o Others

Regional analysis provided in the report covers the key regions of North America, Europe, Latin America, AsiaPacific, and Middle East & Africa. Additionally, the report offers a country-wise analysis of the In-Vitro Diagnostics industry with respect to the import/export analysis, production and consumption pattern, supply and demand ratio, revenue share, market share and size, and other key aspects.
• North America(U.S.A., Canada)
• Europe(U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific(India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America(Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa(Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Some Fundamental Market Parameters Elucidated in the Report:

Market dynamics: The In-Vitro Diagnostics market report explains the scope of various commercial possibilities over the next few years and further estimates revenue build-up over the forecast years. It analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers in developing vital strategies for profitable business expansion.
Competitive Outlook: The established market players operating in the In-Vitro Diagnostics industry have been listed in this report, with a major focus on their geographical reach and production facilities. To gain a competitive advantage over the other players in the In-Vitro Diagnostics industry, the leading players are focusing more on offering products at rational prices.
Objectives of the Report: The chief aim of the research report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global In-Vitro Diagnostics market.

Table of Content

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. In-Vitro Diagnostics Market Segmentation & Impact Analysis
4.1. In-Vitro Diagnostics Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rise in the prevalence of target diseases
4.2.2.2. Increase in research and development in In-Vitro diagnostic
4.2.2.3. Rising investment by government and private organization
4.2.3. Market restraints analysis
4.2.3.1. Strict regulatory framework
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

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