Press release
IVD Contract Manufacturing Market Current Scenario with Future Aspect Analysis
The IVD Contract Manufacturing Market Size is valued at 12.89 Billion in 2022 and is predicted to reach 36.41 Billion by the year 2031 at a 12.38% CAGR during the forecast period for 2023-2031..
Get A Free Report Brochure: https://www.insightaceanalytic.com/request-sample/1882
The in vitro diagnostic (IVD) contract manufacturing market is likely to grow and change in the upcoming years. With technological advancements, the rising need for diagnostic tests, and the increasing complexity of IVD products, outsourcing production to specialized contract manufacturers has become the norm for IVD companies. These contract companies provide manufacturing, quality control, and supply chain management expertise, allowing IVD companies to concentrate on research, development, and trade. In addition, the IVD contract manufacturing industry must witness developments in automation, digitization and integration of advanced technologies, streamlining the production process and being beneficial. This will result in faster turnaround times, higher profitability and lower costs, meeting the growing need for cost-effective and efficient IVD solutions.
Furthermore, contract manufacturing services are essential in maintaining compliance with stringent standards and helping IVD companies rapidly introduce new and improved business products. As the demand for personalized and targeted medical care continues to increase, the IVD contract manufacturing industry will play an important role by offering the necessary development resources and expertise to support the development and production of diagnostic technologies that ultimately improve patient health.
Some of the prominent players in the IVD Contract Manufacturing Market are:
• Avioq Inc.
• Biokit
• Celestica Inc.
• Cenogenics Corporation
• Cone Bioproducts
• Fujirebio
• Invetech
• Jabil Inc.
• Kimball Electronics, Inc.
• Kmc Systems
• Meridian Biosciences
• Nemera
• Nolato Gw, Inc.
• Nova Biomedical
• Phillips Medsize Corporation
• Sanmina Corporation
• Savyon Diagnosticss
• Stratec
• Te Connectivity Ltd.
• Thermofisher
• Viant Medical Holdings Inc.
• West Pharmaceutical Services
• Other Prominent Players
IVD Contract Manufacturing Market Report Scope
Report Attribute Specifications
Market Size Value In 2022 USD XX Million
Revenue Forecast In 2031 USD XX Million
Growth Rate CAGR CAGR of XX % from 2023 to 2031
Quantitative Units Representation of revenue in US$ Million and CAGR from 2023 to 2031
Historic Year 2019 to 2022
Forecast Year 2023-2031
Report Coverage The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends
Segments Covered By Device Type, By Technology, By Services
Regional Scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country Scope U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia
Enquiry Before Buying: https://www.insightaceanalytic.com/enquiry-before-buying/1882
Competitive Landscape Avioq Inc., Biokit, Celestica Inc., Cenogenics Corporation, Cone Bioproducts, Fujirebio, Invetech, Jabil Inc., Kimball Electronics, Inc., Kmc Systems, Meridian Biosciences, Nemera, Nolato Gw, Inc., Nova Biomedical, Phillips Medsize Corporation, Sanmina Corporation, Savyon Diagnosticss, Stratec, Te Connectivity Ltd., Thermofisher, Viant Medical Holdings Inc., West Pharmaceutical Services, And Others.
Customization Scope Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.
Pricing and Available Payment Methods Explore pricing alternatives that are customized to your particular study requirements.
Market Dynamics:
Drivers:
The key players in the IVD contract manufacturing market are focusing on expanding their businesses through acquisitions and strategic partnerships, which has fueled the market's growth. Furthermore, the rising demand for healthcare outsourcing services due to the shortage of manufacturing facilities and the increasing need for diagnostic tests is expected to drive market expansion during the forecast period. IVD contract manufacturing services can save costs and improve product quality. Thus, this industry's players, startups, and small-scale companies opt for CMS to manage the high product demand and offer high-quality, cost-effective IVD products.
Challenges:
Intellectual property protection is a major challenge in contract manufacturing as OEMs must ensure that their proprietary information and technologies are not disclosed to third parties. Keeping up with regulatory changes and maintaining compliance can be complex and time-consuming. Also, high-quality standards, cost and supply chain management are challenging in IVD contract manufacturing.
Regional Trends:
The IVD contract manufacturing market is growing rapidly, and the Asia Pacific IVD contract manufacturing market is expected to grow fastest over the projected period. The market's growth is mainly driven by increased demand for diagnostics, advancement in medical technologies, increasing government efforts to improve outsourcing capabilities of small-scale outsourced companies and rising M&A activities in the IVD industry. Additionally, the North American market will hold the second-highest revenue share of the IVD contract manufacturing market after Asia Pacific. Factors contributing to this growth are well-established healthcare facilities & industrial infrastructure, growing collaborative and partnership agreements, and improved developmental capabilities of the contract manufacturing companies in this region.
Get Specific Chapter/Information From The Report: https://www.insightaceanalytic.com/customisation/1882
Key developments in the market:
• In May 2023, West Pharmaceutical Services, Inc. announced that the company's West Ready Pack™ containment solution with Corning® Valor® RTU Vials utilizing Stevanato Group's EZ-fill® technology won the Best Technologies Award at INTERPHEX. This award recognizes cutting-edge technologies, either new technologies or a novel implementation of existing technologies, that can potentially change the way pharma & biotech companies operate.
• In October 2022, Reliance Industries' subsidiary RSBVL and Sanmina Corporation completed the deal to set up an electronics manufacturing joint venture at a total enterprise valuation of about Rs 3,300 crore. The joint venture will prioritize high-technology infrastructure hardware for growth markets and across industries such as communications networking (5G, cloud infrastructure, hyperscale datacentres), medical and healthcare systems, industrial and cleantech, and defence and aerospace.
• In September 2021, TE connectivity acquired Toolbox Medical Innovations (US), Wi Inc. (US), and microLIQUID (Spain). The entities leverage design and manufacturing capabilities in the United States and Europe and are focused on serving a global client base ranging from startups to multinationals in the life science, IVD and cell therapy markets.
• In May 2020, Celestica Inc., a leader in design, manufacturing and supply chain solutions for the world's most innovative companies, won a contract with StarFish Medical Inc. to manufacture ventilators for Canadian market.
Market Segments
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Device Type
• IVD Equipment
• IVD Consumables
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Technology
• Immunoassay
• Clinical Chemistry
• Molecular Diagnostics
• Microbiology
• Hematology
• Coagulation and Hemostasis
• Others
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Services
• Manufacturing Services
• Assay Development Services
• Other Services
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America IVD Contract Manufacturing Market Revenue (US$ Million) by Country, 2023 to 2031
• U.S.
• Canada
Europe IVD Contract Manufacturing Market Revenue (US$ Million) by Country, 2023 to 2031
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific IVD Contract Manufacturing Market Revenue (US$ Million) by Country, 2023 to 2031
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America IVD Contract Manufacturing Market Revenue (US$ Million) by Country, 2023 to 2031
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa IVD Contract Manufacturing Market Revenue (US$ Million) by Country, 2023 to 2031
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global IVD Contract Manufacturing Market
To receive an industry overview and future trends in the global IVD Contract Manufacturing Market
To analyze the IVD Contract Manufacturing Market drivers and challenges
To get information on the IVD Contract Manufacturing Market size value (US$ Mn) forecast till 2031
Major Investments, Mergers & Acquisitions in the global IVD Contract Manufacturing Market industry
For More Information: https://www.insightaceanalytic.com/report/ivd-contract-manufacturing-market-/1882
Other Related Reports Published by InsightAce Analytic:
https://www.insightaceanalytic.com/report/medical-device-outsourcing-market/1698
https://www.insightaceanalytic.com/report/global-live-biotherapeutic-products-and-microbiome-contract-manufacturing-market-/1152
https://www.insightaceanalytic.com/report/global-autoinjector-contract-manufacturing-market/1340
Sales Office (U.S.) :
344 Grove St Unit #967 Jersey City, NJ 07302
info@insightaceanalytic.com
North America:
+1 551 226 6109
Asia:
+91 79 72967118
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis of key market insights in a timely and cost-effective manner.
Contact Us:
InsightAce Analytic Pvt. Ltd.
Tel.: +1 551 226 6109
Email: info@insightaceanalytic.com
Site Visit: www.insightaceanalytic.com
Follow Us on LinkedIn @ bit.ly/2tBXsgS
Follow Us On Facebook @ bit.ly/2H9jnDZ
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release IVD Contract Manufacturing Market Current Scenario with Future Aspect Analysis here
News-ID: 3322891 • Views: …
More Releases from Insightace analytic
Digital Pathology Market Report- Expansive Coverage on the Profit Sources
InsightAce Analytic announces the release of a market assessment report on the "Global Digital Pathology Market Size, Share & Trends Analysis Report By Product (Artificial Intelligence, Scanner, Software, Storage), Type (Human, Veterinary), Application (Teleconsultation, Training, Disease Diagnosis, Drug Discovery), End User (Pharma, Academia, Hospitals)- Market Outlook And Industry Analysis 2031"
The global digital pathology market is estimated to reach over USD 2731.95 million by 2031, exhibiting a CAGR of 12.91%…
Digital Health Market Future Trends and Scope Analysis Report
Digital Health Market Size, Share & Trends Analysis Report By Technology (Tele-healthcare, mHealth, Healthcare Analytics, Digital Health Systems), By Component (Software, Hardware, Services), By Region, And Segment Forecasts, 2024-2031
"Digital Health Market" in terms of revenue was estimated to be worth $248.58 billion in 2023 and is poised to reach $1,004.03 billion by 2031, growing at a CAGR of 19.56% from 2023 to 2031, according to a new report by…
Digital Diabetes Management Market Report on the Untapped Growth Opportunities i …
InsightAce Analytic announces the release of a market assessment report on the "Global Digital Diabetes Management Market - (By Devices (Smart Glucose Meters, Continuous Glucose Monitoring Systems, And Smart Insulin Pens, Smart Insulin Pumps/ Closed-Loop Pumps & Smart Insulin Patches), Application (Diabetes & Blood Glucose Tracking Apps, Obesity & Diet Management Apps), Data Management Software & Platforms And Services), By Device Type (Handheld And Wearable Devices), By End-User(Self/Home Healthcare, Hospitals…
Data Center Liquid Cooling Market Exclusive Trends Analysis with Forecast to 203 …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Data Center Liquid Cooling Market Size, Share & Trends Analysis Report By End-User Industry (Financial Services And Insurance (BFSI), Banking, IT And Telecom, Government And Public Sector, Manufacturing, Healthcare, Retail), Data Center (Hyperscale, Colocation, Enterprise) And Solution (Indirect & Direct Cooling)- Market Outlook And Industry Analysis 2031"
The Global Data Center Liquid Cooling Market is estimated…
More Releases for IVD
In Vitro Diagnostics (IVD) Market
With the watchful use of established and advanced tools such as SWOT analysis and Porter's Five Forces Analysis, this market report has been structured. While preparing this In Vitro Diagnostics (IVD) Market research report, few of the attributes that have been adopted include highest level of spirit, practical solutions, committed research and analysis, innovation, integrated approaches, and most up-to-date technology.
Every possible effort has been taken while researching and analysing…
Companion Animal IVD Market - Guiding the Path to Optimal Health: Empowering Vet …
Newark, New Castle, USA - new report, titled Companion Animal IVD Market The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Companion Animal IVD market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Companion Animal IVD market. The report offers an overview of…
IVD Market 2021 | Detailed Report
The IVD market research report delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. The IVD report also incorporates the current and future global market outlook in the emerging and developed markets. Moreover, the report also investigates regions/countries expected to witness the fastest growth rates during the forecast period.
The IVD research report also provides insights of different regions that are contributing market growth.…
Liquid Biopsy IVD Market 2021 | Detailed Report
According to Market Study Report, Liquid Biopsy IVD Market provides a comprehensive analysis of the Liquid Biopsy IVD Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry. An exclusive data offered in this report is collected by research and industry experts team.
Get Free Sample PDF (including full TOC, Tables and Figures) of Liquid Biopsy IVD Market @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4623688
The report provides a…
Infectious Disease IVD Market – Forecast to 2026
The findings reviewed by GME stated that the Global Infectious Disease In-Vitro Diagnostics Market would grow at a CAGR value of 4.6 percent from 2021 to 2026. The increasing geriatric population is the primary driving factor for the infectious disease in-vitro diagnostics market. Besides, the increasing number of infectious diseases, launch of advanced testing kits and beneficial features attributed by IVDs are propelling growth in the market.
Browse 159 Market…
Asia IVD Market
According to a new report published by Allied Market Research, the Asia Pacific In-vitro diagnostics market was valued at $12.9 billion in 2015, and is expected to reach $19.0 billion registering a CAGR of 5.6% during 2016 to 2022. The report offers a detailed analysis of the key segments, top investment pockets, changing dynamics, market size & estimations, and competitive scenario.
Download Free Sample Report @ https://www.alliedmarketresearch.com/request-sample/1256
The Asia-Pacific IVD market is…
