In-Vitro Diagnostics Global Market Report 2021: COVID-19 Implications and Growth to 2030 covers this critical market and the impact on it from the COVID-19 virus. It provides strategists, marketers and senior management with the critical information they need to assess the increasing demand for in-vitro diagnostics which play a critical role to detect the COVID-19 virus.
Reasons to Purchase
Description:
Where is the largest and fastest growing market for the in-vitro diagnostics market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The In-Vitro Diagnostics Market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider in-vitro diagnostics market, and compares it with other markets.
Scope
Markets Covered:
1) By Type: Point-of-Care Diagnostics Devices and Equipment; Immunochemistry Diagnostic Devices and Equipment; Clinical Chemistry Diagnostics Devices and Equipment; Molecular Diagnostics Devices and Equipment; Microbiology Diagnostic Devices and Equipment; Hemostasis Diagnostic Devices and Equipment; Hematology Diagnostic Devices and Equipment; Immunohematology Diagnostic Devices and Equipment
2) By End User: Hospitals and Clinics; Diagnostic Laboratories; Others
3) By Type of Expenditure: Public; Private
4) By Product: Instruments/Equipment; Disposables
Companies Mentioned: Siemens Healthineers; F. Hoffmann-La Roche Ltd; Danaher (Beckman Coulter Inc); Abbott Laboratories Inc; Thermo Fisher Scientific Inc
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, in-vitro diagnostics indicators comparison.
Data segmentations: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market is experiencing rapid growth due to the coronavirus and how it is likely to stabilize as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for the in-vitro diagnostics market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The In-Vitro Diagnostics Market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider in-vitro diagnostics market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The in-vitro diagnostics market section of the report gives context. It compares the in-vitro diagnostics market with other segments of the in-vitro diagnostics market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, in-vitro diagnostics indicators comparison.
Scope
Markets Covered:
1) By Type: Point-of-Care Diagnostics Devices and Equipment; Immunochemistry Diagnostic Devices and Equipment; Clinical Chemistry Diagnostics Devices and Equipment; Molecular Diagnostics Devices and Equipment; Microbiology Diagnostic Devices and Equipment; Hemostasis Diagnostic Devices and Equipment; Hematology Diagnostic Devices and Equipment; Immunohematology Diagnostic Devices and Equipment
2) By End User: Hospitals and Clinics; Diagnostic Laboratories; Others
3) By Type of Expenditure: Public; Private
4) By Product: Instruments/Equipment; Disposables
Companies Mentioned: Siemens Healthineers; F. Hoffmann-La Roche Ltd; Danaher (Beckman Coulter Inc); Abbott Laboratories Inc; Thermo Fisher Scientific Inc
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, in-vitro diagnostics indicators comparison.
Data segmentations: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global In-Vitro Diagnostics Market
What is the estimated value of the Global In-Vitro Diagnostics Market?
What is the growth rate of the Global In-Vitro Diagnostics Market?
What is the forecasted size of the Global In-Vitro Diagnostics Market?
Who are the key companies in the Global In-Vitro Diagnostics Market?
Report Attribute | Details |
---|---|
Published | February 2021 |
Forecast Period | 2021 - 2025 |
Estimated Market Value ( USD | $ 80.12 billion |
Forecasted Market Value ( USD | $ 105.3 billion |
Compound Annual Growth Rate | 7.1% |
Regions Covered | Global |
Table of Contents
1. Executive Summary2. Report Structure7. In-Vitro Diagnostics Market Trends and Strategies8. Impact of COVID-19 on In-Vitro Diagnostics21. Key Mergers and Acquisitions in the In-Vitro Diagnostics Market25. Copyright and Disclaimer
3. In-Vitro Diagnostics Market Characteristics
4. In-Vitro Diagnostics Market Product Analysis
5. In-Vitro Diagnostics Market Supply Chain
6. In-Vitro Diagnostics Market Customer Information
9. In-Vitro Diagnostics Market Size and Growth
10. In-Vitro Diagnostics Market Regional Analysis
11. In-Vitro Diagnostics Market Segmentation
12. In-Vitro Diagnostics Market Metrics
13. Asia-Pacific In-Vitro Diagnostics Market
14. Western Europe In-Vitro Diagnostics Market
15. Eastern Europe In-Vitro Diagnostics Market
16. North America In-Vitro Diagnostics Market
17. South America In-Vitro Diagnostics Market
18. Middle East In-Vitro Diagnostics Market
19. Africa In-Vitro Diagnostics Market
20. In-Vitro Diagnostics Market Competitive Landscape
22. Market Background: Medical Equipment Market
23. Recommendations
24. Appendix
Executive Summary
Major companies in the in-vitro diagnostics market include Siemens Healthineers; F. Hoffmann-La Roche Ltd; Danaher (Beckman Coulter Inc); Abbott Laboratories Inc and Thermo Fisher Scientific Inc.The global in-vitro diagnostics market is expected to grow from $71.71 billion in 2020 to $80.12 billion in 2021 at a compound annual growth rate (CAGR) of 11.7%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $105.3 billion in 2025 at a CAGR of 7%.
The in-vitro diagnostics devices and equipment market consists of sales of in-vitro diagnostic equipment and related services by entities (organizations, sole traders and partnerships) that produce in-vitro diagnostics equipment. In-vitro diagnostics are tests performed on samples collected from human body such as tissues and blood. The in-vitro diagnostics equipment market is segmented into point-of-care diagnostics devices and equipment; immunochemistry diagnostic devices and equipment; clinical chemistry diagnostics devices and equipment; molecular diagnostics devices and equipment; microbiology diagnostic devices and equipment; hemostasis diagnostic devices and equipment; hematology diagnostic devices and equipment; immunohematology diagnostic devices and equipment.
North America was the largest region in the global in-vitro diagnostics market, accounting for 35% of the market in 2020. Asia Pacific was the second largest region accounting for 31% of the global in-vitro diagnostics market. Africa was the smallest region in the global in-vitro diagnostics market.
IVD devices are being integrated with IoT and data analytics technologies to improve device efficiency and increase device security. IoT refers to a system of interconnected devices via communication technologies such as WIFI and Bluetooth for data transfer and accessing devices remotely. Data analytics refers to qualitative and quantitative techniques, used to infer actionable information from large data sets. These technologies are helping in enhancing IVD device functionality, mainly through remote monitoring, predictive maintenance for decreased downtime and advanced data processing capabilities.
Demand for point-of-care diagnostic devices is increasing as they provide rapid results, are cost effective and have advanced diagnosis features for patients. The number of patients seeking treatments at local physician offices, retail clinics and in-patient homes are increasing thus boosting the demand for point-of-care testing devices. Companies in this market are focusing on developing more user friendly, reliable and efficient point of care devices. For instance, in July 2016, Spartan Bioscience introduced Spartan Cube, the world's smallest DNA-testing system that allows quick DNA testing. Philips also launched a new handheld blood test, Handheld Minicare I-20 system used for diagnosing heart attacks in emergency departments which provide results within 10 minutes.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Siemens Healthineers
- F. Hoffmann-La Roche Ltd
- Danaher (Beckman Coulter Inc)
- Abbott Laboratories Inc
- Thermo Fisher Scientific Inc
Methodology
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