Global In Vitro Diagnostics Market to Surpass US$ 115,781.5 Million by 2030 - Coherent Market Insights

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Aug 17, 2022, 13:30 ET

SEATTLE, Aug. 17, 2022 /PRNewswire/ -- According to Coherent Market Insights, the global In vitro diagnostics market is estimated to be valued at US$ 76,621.8 million in 2022 and is expected to exhibit a CAGR of 5.3% during the forecast period (2022-2030).

Key Trends and Analysis of the Global In vitro diagnostics Market:

Major players operating in the market are focusing on adopting growth strategies such as technological advancements and new product approvals, which is expected to drive the market growth over the forecast period. For instance, in May 2021, ExtriCARE USA, a national medical device company specializing in negative pressure wound therapy (NPWT) distribution, introduced hybrid technology to the wound care market. Through hybrid technology (hNPWT), clinicians can tailor the application-based on the patients' distinct needs. ExtriCARE USA's hybrid model will allow clinicians to be more efficient by simplifying the NPWT process.

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Key Market Takeaways:

The global in vitro diagnostics market is expected to exhibit a CAGR of 5.3% during the forecast period owing to the increase in geriatric population around the world, which are highly susceptible to various diseases that lead to the formation of various types of wounds

Among product type, instruments segment is expected to hold a dominant position over the forecast period, owing to increasing focus on early diagnosis in developed as well as emerging countries bring to the increasing number of patients undergoing routine checkup

On the basis of technology, immunoassay is expected to hold a dominant position over the forecast period, owing to the tremendous advances in multiplex immunoassays (MIAs) are leading to novel in vitro diagnostics (IVD) and point-of-care tests (POCT).

Key players operating in the global In vitro diagnostics market include Siemens Healthineers, Sysmex Corporation, Bio-Rad Laboratories, bioMérieux S.A., Becton Dickinson, and Company, Danaher Corporation, Abbott Laboratories, F. Hoffmann-la Roche Ltd, QIAGEN N.V., Arkray, Inc., Nittobo Medical Co., Ltd., Medical & Biological Laboratories Co., Ltd., Miraca Holdings Inc., and Mizuho Medy Co., Ltd.

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Detailed Segmentation:

Global In-Vitro Diagnostics Market, By Product Type:

Instruments
Reagents & Kits

Blocking Buffers
Proteins
Secondary Antibodies
Substrates
Others

Global In-Vitro Diagnostics Market, By Technology:

Immunoassay
Clinical Chemistry
Molecular Diagnostics
Microbiology
Hematology
Coagulation & Hemostasis
Urinalysis
Others

Global In-Vitro Diagnostics Market, By Application:

Infectious Diseases
Diabetes
Oncology
Cardiology
Nephrology
Autoimmune Disorders
Others

Global In-Vitro Diagnostics Market, By End User:

Hospital
Pathology Laboratories
Point-of-Care Diagnostics
Research Institutes
Others

Global In-Vitro Diagnostics Market, By Region:

North America

By Country:

U.S.
Canada

Europe

By Country:

U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe

Asia Pacific

By Country:

China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific

Latin America

By Country:

Brazil
Mexico
Argentina
Rest of Latin America

Middle East & Africa

By Country:

GCC Countries
Israel
South Africa
Rest of Middle East & Africa

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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