openPR Logo
Press release

IVD Contract Manufacturing Market Report Latest Trends and Future Opportunities Analysis

IVD Contract Manufacturing Market Report Latest Trends

InsightAce Analytic Pvt. Ltd. announces the release of the market assessment report on "Global IVD Contract Manufacturing Market Size, Share & Trends Analysis Report By Device Type (IVD Equipment and IVD Consumables), By Technology (Immunoassay, Clinical Chemistry, Molecular Diagnostics, Microbiology, Hematology, Coagulation and Hemostasis, and Others), By Services (Manufacturing Services, Assay Development Services, and Other Services) Market Outlook And Industry Analysis 2031"

According to the latest research by InsightAce Analytic, the global IVD Contract Manufacturing Market size is valued at US$ 12.89 Million in 2022, and it is expected to reach US$ 36.41 Billion in 2031, recording a promising CAGR of 12.38% during the forecast period of 2023-2031.

Request for Sample Pages:
https://www.insightaceanalytic.com/report/ivd-contract-manufacturing-market-/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

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.

Curious about this latest version of the report? Enquiry Before Buying: https://www.insightaceanalytic.com/enquiry-before-buying/1882

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.

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.

Get Specific Chapter/Information From The Report:
https://www.insightaceanalytic.com/customisation/1882

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

Get more information: @

Contact us:
info@insightaceanalytic.com
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
Follow Us on LinkedIn @ bit.ly/2tBXsgS
Follow Us On Facebook @ bit.ly/2H9jnDZ
Twitter: https://twitter.com/Insightace

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 with key market insights in a timely and cost-effective manner.

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 Report Latest Trends and Future Opportunities Analysis here

News-ID: 3775458 • Views:

More Releases from InsightAce Analytic Pvt. Ltd

Biocides Market Latest Trends and Growth Factors Analysis 2024 to 2031
Biocides Market Latest Trends and Growth Factors Analysis 2024 to 2031
"Biocides Market" in terms of revenue was estimated to be worth $11.57 billion in 2023 and is poised to reach $16.83 billion by 2031, growing at a CAGR of 4.91% from 2024 to 2031, according to a new report by InsightAce Analytic. Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/1637 Latest Drivers Restraint and Opportunities Market Snapshot: Key factors influencing the global Biocides Market are: • Growing Awareness of Hygiene and
Beneficial Insects Market Current Scenario with Future Trends Analysis to 2031
Beneficial Insects Market Current Scenario with Future Trends Analysis to 2031
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Beneficial Insects Market Size, Share & Trends Analysis Report By Application (Crop protection, Crop production), Type (Predators, Parasitoids, Pathogens, and Pollinators), Crop Type (Fruits & Vegetables, Flowers & Ornamentals, and Grains & Pulses), Region, Market Outlook And Industry Analysis 2031" The global Beneficial Insects market is estimated to reach over USD 2.18 billion by 2031, exhibiting
Avocado Puree Market Current Scenario with Future Trends Analysis to 2031
Avocado Puree Market Current Scenario with Future Trends Analysis to 2031
The global avocado puree market is estimated to reach over USD 755.03 million by 2031, exhibiting a CAGR of 5.18% during the forecast period. Fresh avocados mashed, puréed, pressed, or sieved into a creamy slurry or paste consistency are used to make avocado purees. Avocado purees make mixed fruit drinks, infant food, and guacamole. Avocado puree market revenue is predicted to increase at a high CAGR, driven by millennials' phenomenal demand
Automotive Lead Acid Battery Market Latest Trends and Growth Factors Analysis 2024 to 2031
Automotive Lead Acid Battery Market Latest Trends and Growth Factors Analysis 20 …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Automotive Lead Acid Battery Market Size, Share & Trends Analysis Report By Product (SLI and Micro-Hybrid Batteries), Type (Flooded, Enhanced Flooded, and VRLA), Customer Segment (OEM and Aftermarket), End User (Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles, Two-Wheeler, and Three-Wheeler), and Application (Hybrid Vehicles, Electric Vehicles, Light Motor Vehicles, and Heavy Motor Vehicles)- Market

All 5 Releases


More Releases for IVD

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
LAMEA IVD Market | Business Development Strategies
LAMEA IVD market size was valued at $7,413 million in 2016, and is projected to reach at $10,316 million by 2023, growing at a CAGR of 4.7% from 2017 to 2023. The immunodiagnostics segment accounted for more than two-ninths share of the total market in 2016. Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/4137 In vitro diagnostics (IVD) are medical devices and reagents used for examination of the body samples such as blood, tissue, and
Global IVD Products Market Research Report
This report studies the global IVD Products market status and forecast, categorizes the global IVD Products market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia). The major manufacturers covered in this report Abbott Laboratories Danaher Corporation Johnson and Johnson Roche Diagnostics Siemens Healthcare BD Biomerieux Bio-Rad Laboratories Ortho Clinical