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IVD Contract Manufacturing Market Future Trends and Scope Analysis Report
According to the latest research by InsightAce Analytic, the global IVD Contract Manufacturing Market Size is valued at 15.88 billion in 2024 and is predicted to reach 50.50 billion by the year 2034 at a 12.4% CAGR during the forecast period for 2025-2034.
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The in vitro diagnostic (IVD) contract manufacturing market is poised for notable expansion and transformation in the years ahead. As diagnostic technologies become more sophisticated and the demand for reliable testing grows, many IVD companies are choosing to outsource production to specialized contract manufacturers. These external partners bring expertise in areas such as manufacturing, quality assurance, and supply chain logistics, enabling IVD firms to focus on innovation, research, and commercial strategies.
Advancements in automation, digitalization, and integration of smart technologies are reshaping the contract manufacturing landscape, making processes more efficient and scalable. These innovations contribute to reduced production times, increased profitability, and lower operational costs-ultimately helping IVD companies meet rising global demand for affordable and efficient diagnostic solutions.
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 IVD contract manufacturing market is being propelled by strategic business expansions, including mergers, acquisitions, and partnerships among key industry players. The increasing demand for outsourced healthcare solutions, particularly in the diagnostic sector, is largely driven by limited in-house production capacities and growing global testing needs. Contract manufacturing services offer a cost-efficient alternative while enhancing product quality.
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Challenges:
Protecting intellectual property remains a top concern in the IVD contract manufacturing landscape, as original equipment manufacturers (OEMs) must safeguard proprietary technologies and data. Furthermore, adapting to evolving regulatory requirements and maintaining compliance across international markets pose significant operational challenges. Maintaining high-quality standards, managing production costs, and optimizing supply chains add further complexity to the contract manufacturing process.
Regional Trends:
The Asia Pacific region is expected to witness the fastest growth in the IVD contract manufacturing market over the forecast period. This surge is attributed to increased demand for diagnostic testing, rapid advances in healthcare technology, supportive government initiatives promoting outsourcing, and heightened merger and acquisition activity. Meanwhile, North America is projected to hold the second-largest market share, bolstered by its robust healthcare infrastructure, expanding collaboration efforts, and the enhanced production capabilities of regional contract manufacturers.
Key developments in the market:
• In May 2023, West Pharmaceutical Services, Inc. announced that the company's West Ready PackTM 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.
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Market Segments
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2025 to 2034 based on Device Type
• IVD Equipment
• IVD Consumables
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2025 to 2034 based on Technology
• Immunoassay
• Clinical Chemistry
• Molecular Diagnostics
• Microbiology
• Hematology
• Coagulation and Hemostasis
• Others
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2025 to 2034 based on Services
• Manufacturing Services
• Assay Development Services
• Other Services
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2025 to 2034 based on Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America IVD Contract Manufacturing Market Revenue (US$ Million) by Country, 2025 to 2034
• U.S.
• Canada
Europe IVD Contract Manufacturing Market Revenue (US$ Million) by Country, 2025 to 2034
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific IVD Contract Manufacturing Market Revenue (US$ Million) by Country, 2025 to 2034
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America IVD Contract Manufacturing Market Revenue (US$ Million) by Country, 2025 to 2034
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa IVD Contract Manufacturing Market Revenue (US$ Million) by Country, 2025 to 2034
• GCC Countries
• South Africa
• Rest of Middle East & Africa
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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.https://www.insightaceanalytic.com/images_data/148861653.
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