In-Vitro Diagnostics (IVD) Packaging Market - Market - An Objective Assessment of the Trajectory of the Market

Market Insights

The Global IVD Packaging market is valued at USD 6.20 billion in 2016 and is expected to reach a value of USD 7.81 billion by the end of 2022, growing at a projected CAGR of 3.93% during the forecast period of 2017 – 2022. The steady growth of this market can be attributed to the increase in the number of ageing population and people affected by chronic diseases. This demands point-of-care testing and molecular diagnostics thereby, contributing to the rise of the global IVD packaging market.

Market Dynamics

The recent advancements in IVD, have led to the increased quality and performance of packaging materials, as it has not affected the cost of production. In addition to point-of-care testing, the growing practice of self-testing by the public is another relevant factor contributing to the growth of the IVD packaging market.

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Market Segmentation

Amongst the various products bottles and tubes are predicted to be the fastest growing in the market. The high adaptability of tubes to various IVD procedures, with perfectly designed enhanced closures enables market growth. The reagent/solution bottles are also predicted to be a very fast-paced market, but with the advancements in R&D, the need for smaller sized bottles shall reduce revenue. The overall market shall be lethargic due to the replacement of the procedures in laboratories by point-of-care tests and molecular diagnostics.

Regionally, the highest market share belongs to the US with the emerging markets of Asia and Europe rising fast, due to the emphasis of the government on healthcare facilities; thereby propelling the growth of the IVD packaging market.

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Key Market Players

The report considers key trends that shall impact the industry and profiles of leading companies with majority market share in the global IVD market. Some of the top companies mentioned in the report are:

Bio-Rad Laboratories Incorporated
Corning Incorporated
Greiner Holding AG
Narang Medical Ltd.
Amcor Limited.
GBF Incorporated
Duran Group GmbH
Multisorb Technologies Incorporated
Wheaton Industries
WS Packaging Group
Report Offerings

Market definition for global IVD packaging market along with identification of key drivers and restraints for the market.
Market analysis for the global IVD packaging market, with region specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the macro and micro factors that affect the global IVD packaging market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

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