1. Market Research
  2. > Healthcare
  3. > Medical Device Market Trends
  4. > In Vitro Diagnostics

In-Vitro Testing Equipment Industry: Comprehensive Market Analysis

  • Currently 3/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
22 votes

In Vitro Diagnostics

The process of testing and analyzing human samples, such as blood or tissue to diagnose infections and health conditions is called in vitro diagnostics (IVDs). The purpose of IVD tests is to assess the health status of a patient. These tests are performed outside of the body. Checking blood for signs of infections, tests for infectious disease, such as HIV or hepatitis, cholesterol, anaemia and for various genetic diseases or conditions are common uses of IVDs.

Federal agencies involved in the regulation of IVDs in the USA include the Food and Drug Administration and the Centers for Medicare & Medicaid Services. Roche Diagnostics Limited, Abbott Laboratories, Inc. and Siemens Healthcare are some of the major players in the in vitro market.

Key Market Segments

IVDs of the types mentioned below are used in health care in numerous ways and at various points.

Clinical laboratory testing: These tests are generally prescribed by the physician. The information obtained assists in the evaluation of overall health, in disease diagnosis and in the establishment of appropriate treatment. Clinical laboratory tests influence approximately 70% of healthcare decisions.

Point-of-care diagnostics: This kind of test is carried out by healthcare professionals, such as doctors, nurses or paramedics. These tests do not require specialist laboratory facilities and can normally deliver results very quickly. This type of testing is used for providing insights for a preliminary diagnosis or for managing patient conditions.

Self-testing: These tests are designed for patients or individuals to use themselves. They do not require any specialist facilities, and the user can usually interpret the information. The most familiar are bloodsugar tests for managing diabetes and home pregnancy tests, but a variety of other tests is becoming widely available. HIV self-testing is increasingly being sought and offered globally.

Regional Market Shares

Increasing emphasis on the early detection of diseases and infections is likely to drive the global demand for IVDs to about $75 billion by 2020. The USA, Europe and Asia account for the largest share of the IVD market.

The USA is one of the largest markets for IVDs in the world, with a market value of more than $24 billion. Professional point-of-care diagnostics is the largest segment in the USA. Population aging and expansion of the insured population resulting from the Affordable Care Act are likely to drive growth of the US IVD market to more than $28 billion in the near future.

The healthcare system in most of Europe depends on government funding. As a result the IVD market in Europe has recently witnessed slow growth as governments have cut costs. Increasing incidence of serious diseases has, however, driven up the market; the European market for cancer IVD, for instance, was worth more than $1.5 billion in 2015.

Asia’s IVD market is estimated to be worth more than $17 billion. Corporate firms offering annual health checks for their employees and insurance companies conducting pre-insurance policy checks are fuelling the industry. Increasing levels of chronic diseases, patient awareness, patient self testing and significant urban populations are driving the uptake of various IVD tests and creating opportunities for market expansion.

Read more »

Customer Support

Talk to Sam

+33 4 37 65 17 06

530 Reports
Market Size, Demand, Supply
130 Statistics
Diagnostic Reagent Export, Measuring Equipment Export, Diagnostic Reagent Import, Measuring Equipment Import
420 Reports
Market Size, Supply, Trade
100 Statistics
Diagnostic Reagent Export, Diagnostic Reagent Import, Measuring Equipment Export, Coke Export
360 Reports
Finance, Company Financials, Company
130 Reports
Market Size, Supply, Trade
120 Statistics
Diagnostic Reagent Export, Measuring Equipment Import, Measuring Equipment Export, Diagnostic Reagent Import
120 Reports
Finance, Company Financials, Company
91 Reports
Market Size, Demand, Supply
92 Reports
Market Size, Supply, Demand
280 Statistics
Diagnostic Reagent Import, Diagnostic Reagent Export, Measuring Equipment Import, Measuring Equipment Export
73 Reports
Finance, Company Financials, Company
56 Reports
Market Size, Supply, Demand
43 Reports
Finance, Company Financials, Company
Search in In Vitro Diagnostics Industry (About 1300 reports)
Parent industry: Medical Device
Related industries: Diagnostic Imaging, Cardiovascular Devices, Orthopedics, Respiratory Device, Surgical Equipment, Dialysis Device, Endoscopic Device, Patient Monitoring

About 13000 reports

Purchase Reports From Reputable Market Research Publishers

Coagulation & Hemostasis Testing Market Research Report by Test Type, by Technology, by End-Use, by State - United States Forecast to 2026 - Cumulative Impact of COVID-19

  • € 4340
  • October 2021
  • 185 pages

Coagulation & Hemostasis Testing Market Research Report by Test Type (Activated Partial Thromboplastin Time, D-Dimer Testing, and Fibrinogen Testing), by Technology (Electrochemical Technology, Mechanical ...

  • United States
  • Diagnostics
  • Marketing Research
  • Industry analysis

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on