IVD Raw Materials Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities

Our market reports now include the latest updates on global tariffs, trade impacts, and evolving supply chain dynamics.

What Is the Projected Growth of the IVD Raw Materials Market?
The market size for IVD raw materials has experienced a significant expansion in the last few years. The market, which is expected to grow from $25.13 billion in 2024, will reach a staggering $27.73 billion in 2025, with a compound annual growth rate (CAGR) of 10.3%. Factors such as an increased number of infectious and chronic diseases, a surge in demand for diagnostic testing in labs, a rise in the utilization of enzyme and protein-based reagents for diagnostics, the growth of clinical diagnostic laboratories, and heightened awareness leading to early detection of diseases, have all played a role in the growth observed during the historic period.

There will be a significant expansion in the IVD raw materials market in the upcoming years, with a forecasted increase to $40.74 billion in 2029, representing a compound annual growth rate (CAGR) of 10.1%. Factors contributing to the projected growth during this period include escalating needs for quick and high-sensitivity diagnostic options, wider usage of molecular diagnostics in cancer treatments, aging population and associated increase in ailments, growing requirements for companion diagnostics, and surged investments from biopharmaceutical firms. Key market trends expected in the forecasted timeframe are a pivot towards recombinant and synthetic raw materials, introducing multiplex assays that need specialized materials, preference for lyophilized and ready-to-use reagent formats, and creation of raw materials designed for microfluidic and lab-on-a-chip systems.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/customise?id=24270&type=smp

What Are the Different IVD Raw Materials Market Segments?
The IVD raw materials market covered in this report is segmented -

1) By Product: Antibodies, Antigens, Enzymes, Proteins, Biological Buffers, Other Products
2) By Technology: Molecular Diagnostics, Clinical Chemistry, Immunochemistry, Other Technologies
3) By End User: Pharmaceutical And Biotechnology Companies, Diagnostic Laboratories, Contract Research Organizations, Other End Users

Subsegments:
1) By Antibodies: Monoclonal Antibodies, Polyclonal Antibodies, Recombinant Antibodies
2) By Antigens: Recombinant Antigens, Native Antigens, Synthetic Antigens
3) By Enzymes: Polymerases, Reverse Transcriptases, Oxidases
4) By Proteins: Carrier Proteins, Blocking Proteins, Recombinant Proteins
5) By Biological Buffers: Tris Buffers, HEPES Buffers, Phosphate Buffers
6) By Other Products: Stabilizers, Surfactants, Preservatives

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=24270&type=smp

What Are the Primary Drivers Shaping the IVD Raw Materials Market?
The rise in infectious diseases is projected to stimulate the expansion of the IVD raw materials market. These diseases, which are caused by harmful microbes and are transmissible from one individual or organism to another, are becoming more prevalent due to fast-paced urbanization. This results in higher population density and puts a strain on sanitation and healthcare facilities, thereby facilitating the spread of infectious diseases. IVD raw materials are pivotal in fighting these diseases as they aid in creating precise diagnostic tests that allow for early detection and proficient management of the disease. For example, a report from Denmark's Statens Serum Institut in May 2023 stated that in 2021, there were 146 reported instances of chronic hepatitis C, 72% (105 cases) of which involved men, and this number rose to 196 in 2022, with 67% (131 cases) involving men. Thus, the rising incidence of infectious diseases is fueling the expansion of the IVD raw materials market.

Which Companies Are Leading in the IVD Raw Materials Market?
Major companies operating in the IVD raw materials market are F. Hoffmann-La Roche, Merck KGaA, Thermo Fisher Scientific, Abbott Laboratories, Siemens Healthineers, Becton Dickinson and Company (BD), Agilent Technologies, Sysmex Corporation, Waters Corporation, Bio-Rad Laboratories Inc., LGC Limited, Neogen Corporation, MP Biomedicals, CUSABIO Technology, Fujirebio, Fapon Biotech, ABclonal Technology, Creative Diagnostics, AIVD Biotech Inc., OPERON, Beijing Diagreat Biotechnology Co. Ltd., Biosynth, Aalto Bio Reagents, Angstrom Biotech, Eximio Biotech, Glentham Life Sciences Limited, OYC Americas Inc., NOVA Biologics Inc.

What Are the Major Trends Shaping the IVD Raw Materials Market?
Leading businesses involved in the IVD raw materials market have been emphasizing on creating innovative solutions, such as IVD production plants, to bolster regional diagnostic capabilities and promote self-sustainability in healthcare. These specialized IVD manufacturing facilities are venues where devices and equipment for diagnosing diseases and conditions are designed, produced, and quality checked. These tests are performed on samples taken outside of the human body. For instance, in January 2024, Colexa Biosensor Limited, a health tech company based in Nigeria collaborated with Codix Pharma Limited, another Nigerian pharmaceutical manufacturing firm to open Sub-Saharan Africa's inaugural in vitro diagnostics (IVD) manufacturing facility in Lagos. The establishment of this plant, which manufactures the onpoint blood glucose meter and strips, marks a significant progression in Africa's healthcare sector. It aims to cater to the growing diabetes prevalence and enhance access to diagnostics. It has the capacity to produce 3.6 million packs a year with the ability to expand up to 10.8 million packs. The initial priority is to cater to the demands of West Africa.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/ivd-raw-materials-global-market-report

What Are the Top Revenue-Generating Geographies in the IVD Raw Materials Market?
North America was the largest region in the IVD raw materials market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the IVD raw materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the IVD Raw Materials Market?
2. What is the CAGR expected in the IVD Raw Materials Market?
3. What Are the Key Innovations Transforming the IVD Raw Materials Industry?
4. Which Region Is Leading the IVD Raw Materials Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.