In Vitro Diagnostics Test Kit Market
In Vitro Diagnostics Test Kit Market Study by Instruments, Reagents & Kits, and Data Management Software for Laboratories, Hospitals, Academics, and Point-Of-Care Testing From 2024 to 2034
Analysis of In Vitro Diagnostics Test Kit Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
In Vitro Diagnostics Test Kit Market Outlook (2024 to 2034)
Worldwide revenue from the in vitro diagnostics test kits market is estimated to stand at US$ 12.35 billion in 2024 and is evaluated to increase at a CAGR of 6.4% to reach US$ 22.93 billion by 2034.
Medical devices known as in-vitro diagnostics (IVD) use biological samples, including blood, urine, and tissues, to conduct diagnostic tests. These tests aid in the detection and monitoring of autoimmune illnesses, infectious diseases, and several other medical conditions. They are also widely used to examine changes in drug therapy. The market is growing because of the increasing use and demand for IVD devices.
Key players are investing in R&D activities to create innovative products and investigate new IVD technology applications, which is further contributing to market growth. For example, Cipla Inc. introduced a sophisticated real-time RT-PCR kit in May 2022 that is helpful in identifying SARS-CoV-2 pathogens in patients in as little as 45 minutes.
Medical device businesses are launching technologically enhanced diagnostic equipment in response to the rising occurrence of acute and chronic illnesses. Medical equipment manufacturers are diligently creating advanced diagnostic tools in response to the increasing prevalence of diseases. To obtain precise real-time data, hospitals and labs have also shown an increasing preference for point-of-care testing equipment.
Point-of-care (PoC) testing is performed near the patient, usually needs only a small volume of blood, and provides faster test results during clinical decision-making, enabling doctors to make early treatment decisions without waiting for results from a central laboratory. This factor is driving demand for point-of-care testing devices, ultimately contributing to increasing requirements for in-vitro diagnostics devices.
| Report Attribute | Detail |
|---|---|
| In Vitro Diagnostics Test Kit Market Size (2024E) | US$ 12.35 Billion |
| Forecasted Market Value (2034F) | US$ 22.93 Billion |
| Global Market Growth Rate (2024 to 2034) | 6.4% CAGR |
| Mexico Market Growth Rate (2024 to 2034) | 11.7% CAGR |
| Japan Market Value (2034F) | US$ 886.33 Million |
| North America Market Growth Rate (2024 to 2034) | 7.8% |
| Instruments Segment Growth Rate (2034F) | 6.7% |
| Key Companies Profiled | Abbott Laboratories; Bio-Rad Laboratories Inc.; Danaher Corporation; Illuminia Inc.; QIAGEN N.V; Thermo Fisher Scientific Inc.; Sysmex Corporation. |
Factors, such as large outbreaks of bacterial and viral epidemics in India, increasing demand for point-of-care diagnostics, and evolving technology are driving the growth of the molecular diagnostics segment. In addition, advancements in molecular diagnostics and new product launches in India are projected to drive the segment growth, according to the in vitro diagnostics test kit industry outlook.
What is Driving Demand in the In Vitro Diagnostics Test Kit Market?
The growing geriatric population in both established and emerging countries is positively impacting the IVD market. The frequency of age-related disorders is predicted to rise dramatically as the world's elderly population grows continuously. According to the OECD, there were 54 million senior individuals in the United States in 2019 are generating demand for in vitro diagnostics.
Moreover, biomarkers have a lot of clinical relevance and interest in the medical field since they help with disease screening, diagnosis, and treatment. The integration of biomarkers and the availability of biomolecular tools are projected to aid in the creation of a new variety of condition-specific tests, resulting in new IVD market prospects.
Furthermore, newly designed reagents and kits are demonstrating excellent precision and allowing for precise diagnosis. According to the in vitro diagnostics test kit industry analysis, the segment is expanding globally.
New Product Development and e-Commerce Channel Complementing the Market Sales
In-vitro diagnostics have become more appealing because of significant advances in IVD research. Pregnancy tests, for example, have become increasingly popular for use at home, making them quite convenient. Similarly, with the help of point-of-care monitoring systems, the demand for at-home blood glucose monitors is growing.
In December 2020, Fujirebio Diagnoses Inc. aimed to expand the arsenal of AD diagnostics with its Lumipulse G -Amyloid Ratio (1-42/1-40) in vitro diagnostic test. Veracyte, Inc. announced that the Quality Management System (QMS) for the design, development, and manufacture of genomic in vitro diagnostic (IVD) tests that aid in the diagnosis and prognosis of cancer and other diseases has been approved by the FDA.
Moreover, Siemens Healthcare Diagnostics e-Commerce says, “Our overall aim is not only to set a benchmark in the field of laboratory diagnostics but also to optimize supply chain management.” This is a driving factor for the increase in sales, states an in vitro diagnostics test kit industry analysis.
United States and Canada In Vitro Diagnostics Test Kit Market Outlook
In 2024, North America is projected to hold 36.7% of the global vitro diagnostics test kit market, and this leading position is analyzed to continue over the forecast period. This is due to the presence of large market participants on the ground. Furthermore, increasing disease prevalence and consumer awareness are driving the demand for better diagnostic devices.
During the forecast period, North America is analyzed to be the leading regional market for in vitro diagnostics, owing to its well-developed healthcare system, increased healthcare awareness among patients, technological advancements, and a recovering American economy. Other variables, such as the widespread availability of gadgets and an increase in public knowledge about the issue, are also playing a role.
Moreover, the presence of a large number of key players in North America is another major factor that drives the in vitro diagnostics market growth.
Europe Demand Outlook for In Vitro Diagnostics Test Kit Market
The Europe market is projected to develop at a better growth rate, with a CAGR over the forecast period. There are growing and developed economies in Europe & Asia Pacific. The market is estimated to be driven by increased healthcare awareness and people seeking early diagnosis in the region, as well as a high frequency of chronic diseases.
Furthermore, due to an increase in healthcare expenditure and the prevalence of diabetes in the region, it is projected to grow at a high rate during the projection period. Other reasons, such as the large patient population of other chronic diseases that necessitate IVD testing, also contribute to the market's growth, according to the in vitro diagnostics test kit industry outlook.
Who are the Key Manufacturers and Suppliers in In Vitro Diagnostics Test Kit Market?
Some of the leading manufacturers and suppliers of in vitro diagnostics test kits include :
- Abbott Laboratories
- Bio-Rad Laboratories Inc.
- Danaher Corporation
- Illuminia Inc.
- QIAGEN N.V
- Thermo Fisher Scientific Inc.
- Sysmex Corporation
In Vitro Diagnostics Test Kit Market Report Highlights :
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Key Segments of In Vitro Diagnostics Test Kit Market Research
-
By Product Type :
- Instruments
- Reagents & Kits
- Data Management Software
-
By Type :
- Service Fully-Automated Instruments
- Semi-Automated Instruments
- Others
-
By End Use :
- Laboratories
- Hospitals
- Academics
- Point-Of-Care Testing
- Patient Self-Testing
- Others
-
By Price :
- Below US$ 30
- US$ 30 TO US$ 100
- US$ 100 to US$ 250
- US$ 250 to US$ 1,000
- Above US$ 1,000
-
By Region :
- North America
- Latin America
- Eastern Europe
- Western Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Product Type
- 6.2. Type
- 6.3. End-Use
- 6.4. Price
- 6.5. Sales Channel
- 7. Global Market Analysis and Forecast, By Product Type
- 7.1. Instruments
- 7.2. Reagents & Kits
- 7.3. Data Management Software
- 8. Global Market Analysis and Forecast, By Type
- 8.1. Services Fully-automated Instruments
- 8.2. Semi-automated Instruments
- 8.3. Others
- 9. Global Market Analysis and Forecast, By End-Use
- 9.1. Laboratories
- 9.2. Hospitals
- 9.3. Academics
- 9.4. Point-Of-Care Testing
- 9.5. Patient Self-Testing
- 9.6. Others
- 10. Global Market Analysis and Forecast, By Price
- 10.1. Below US$ 30
- 10.2. US$ 30 - US$ 100
- 10.3. US$ 100 - US$ 250
- 10.4. US$ 250 - US$ 1000
- 10.5. Above US$ 1000
- 11. Global Market Analysis and Forecast, By Sales Channel
- 11.1. Hypermarkets/Supermarkets
- 11.2. Independent Stores
- 11.3. Specialty Stores
- 11.4. Online Retailers
- 11.5. Direct Sales
- 11.6. Other Sales Channel
- 12. Global Market Analysis and Forecast, By Region
- 12.1. North America
- 12.2. Latin America
- 12.3. Western Europe
- 12.4. Eastern Europe
- 12.5. East Asia
- 12.6. South Asia & Pacific
- 12.7. MEA
- 13. North America Sales Analysis and Forecast, by Key Segments and Countries
- 14. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 15. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 16. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 17. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 18. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 19. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 20. Sales Forecast by Product Type, Type, End-Use, Price, and Sales Channel for 30 Countries
- 21. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 22. Company Profile
- 22.1. Abbott Laboratories
- 22.2. Becton
- 22.3. Dickinson and Company
- 22.4. bioMérieux SA
- 22.5. Bio-Rad Laboratories Inc.
- 22.6. Danaher Corporation (Beckman Coulter, Inc.)
- 22.7. F. Hoffmann-La Roche AG
- 22.8. Siemens AG
- 22.9. QIAGEN N.V.
- 22.10. Sysmex Corporation
- 22.11. Thermo Fisher Scientific Inc.
List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Product Type
Table 03: Global Market US$ Mn Forecast by Type
Table 04: Global Market US$ Mn Forecast by End-Use
Table 05: Global Market US$ Mn Forecast by Price
Table 06: Global Market US$ Mn Forecast by Sales Channel
Table 07: North America Market US$ Mn Forecast by Country
Table 08: North America Market US$ Mn Forecast by Product Type
Table 09: North America Market US$ Mn Forecast by Type
Table 10: North America Market US$ Mn Forecast by End-Use
Table 11: North America Market US$ Mn Forecast by Price
Table 12: North America Market US$ Mn Forecast by Sales Channel
Table 13: Latin America Market US$ Mn Forecast by Country
Table 14: Latin America Market US$ Mn Forecast by Product Type
Table 15: Latin America Market US$ Mn Forecast by Type
Table 16: Latin America Market US$ Mn Forecast by End-Use
Table 17: Latin America Market US$ Mn Forecast by Price
Table 18: Latin America Market US$ Mn Forecast by Sales Channel
Table 19: Western Europe Market US$ Mn Forecast by Country
Table 20: Western Europe Market US$ Mn Forecast by Product Type
Table 21: Western Europe Market US$ Mn Forecast by Type
Table 22: Western Europe Market US$ Mn Forecast by End-Use
Table 23: Western Europe Market US$ Mn Forecast by Price
Table 24: Western Europe Market US$ Mn Forecast by Sales Channel
Table 25: Eastern Europe Market US$ Mn Forecast by Country
Table 26: Eastern Europe Market US$ Mn Forecast by Product Type
Table 27: Eastern Europe Market US$ Mn Forecast by Type
Table 28: Eastern Europe Market US$ Mn Forecast by End-Use
Table 29: Eastern Europe Market US$ Mn Forecast by Price
Table 30: Eastern Europe Market US$ Mn Forecast by Sales Channel
Table 31: East Asia Market US$ Mn Forecast by Country
Table 32: East Asia Market US$ Mn Forecast by Product Type
Table 33: East Asia Market US$ Mn Forecast by Type
Table 34: East Asia Market US$ Mn Forecast by End-Use
Table 35: East Asia Market US$ Mn Forecast by Price
Table 36: East Asia Market US$ Mn Forecast by Sales Channel
Table 37: South Asia & Pacific Market US$ Mn Forecast by Country
Table 38: South Asia & Pacific Market US$ Mn Forecast by Product Type
Table 39: South Asia & Pacific Market US$ Mn Forecast by Type
Table 40: South Asia & Pacific Market US$ Mn Forecast by End-Use
Table 41: South Asia & Pacific Market US$ Mn Forecast by Price
Table 42: South Asia & Pacific Market US$ Mn Forecast by Sales Channel
Table 43: MEA Market US$ Mn Forecast by Country
Table 44: MEA Market US$ Mn Forecast by Product Type
Table 45: MEA Market US$ Mn Forecast by Type
Table 46: MEA Market US$ Mn Forecast by End-Use
Table 47: MEA Market US$ Mn Forecast by Price
Table 48: MEA Market US$ Mn Forecast by Sales Channel
List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 04: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Price
Figure 05: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 06: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 07: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 08: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 09: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Price
Figure 11: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 12: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 16: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Price
Figure 17: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 18: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 21: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 22: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Price
Figure 23: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 24: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 26: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 27: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 28: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Price
Figure 29: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 30: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 31: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 32: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 33: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 34: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Price
Figure 35: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 36: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 37: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 38: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 39: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 40: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Price
Figure 41: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 42: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 43: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 44: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 45: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 46: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Price
Figure 47: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 48: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
- FAQs -
How is the in vitro diagnostics test kit market estimated to perform in 2024?
The in vitro diagnostics test kit market is analyzed to reach US$ 12.35 billion in 2024.
At what rate is the market forecasted to expand in coming years?
The market is projected to progress at a CAGR of 6.4% between 2024 and 2034.
In Vitro Diagnostics Test Kit Market