How the In Vitro Diagnostics Market is Positioned for Growth: Trends, Market Size, and Future Opportunities (2025-2034)
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Factors Are Propelling the Market Growth of theIn Vitro Diagnostics Market from 2025 to 2034?
The rising demand for self-administered test kits is contributing to the growth of the in vitro diagnostics market. These test kits allow individuals to perform diagnostic tests at home, making testing more accessible and convenient. For example, the CDC observed a significant increase in the use of at-home COVID-19 tests among U.S. adults during the Omicron wave. The popularity of these self-test kits is driving market growth in in vitro diagnostics.
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#What Are the Key Projections for the CAGR of the In Vitro Diagnostics Market From 2025 to 2034?
The in-vitro diagnostics market has grown rapidly in recent years. It will grow from $130.74 billion in 2024 to $149.01 billion in 2025, at a CAGR of 14.0%. The historical growth is attributed to developments in automated analyzers and molecular diagnostics, the aging population, disease outbreaks, healthcare regulations, and personalized medicine.
The in-vitro diagnostics market is expected to experience rapid growth, reaching $232.69 billion by 2029 at a CAGR of 11.8%. The growth is due to the rise of precision medicine, point-of-care testing, digital health and data analytics, and pandemic preparedness. Key trends include technological advancements, digital health integration, personalized diagnostics, home testing kits, and molecular diagnostics.
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How Are Consumer Market Innovations Shaping the Current and Future Landscape of theIn Vitro Diagnostics Market?
Leading companies in the in vitro diagnostics market are introducing innovative products, such as the Cobas pulse system, to strengthen their market position. The Cobas pulse system, a portable blood glucose management device with digital health capabilities, aims to enhance patient care. For instance, Roche Diagnostics, a US-based developer, launched the Cobas pulse system in January 2022. This portable device features an automated glucose test strip reader, a camera, and a touchscreen to record additional diagnostic data, offering an intuitive interface that streamlines processes and improves workflows.
Which Key Market Players Are Shaping the Future and Growth of theIn Vitro Diagnostics Market?
Major companies operating in the in vitro diagnostics market include Siemens Healthineers, F. Hoffmann-La Roche AG, Danaher Corporation, Abbott Laboratories Inc., Thermo Fisher Scientific Inc., Agilent Technologies Inc., Alere Inc., Arkray Inc., Becton, Dickinson and Company (BD), Bio-Rad Laboratories Inc., bioMérieux SA, Grifols SA, Hologic Inc., Werfen SA, Laboratory Corporation, Luminex Corporation, Ortho Clinical Diagnostics, PerkinElmer Inc., Qiagen NV, Quest Diagnostics Inc., QuidelOrtho Corporation, Sysmex Corporation, Illumina Inc., Menarini Silicon Biosystems SPA, SpeeDx Pty. Ltd., GENSPEED Biotech GmbH, Accelerate Diagnostics Inc., Merck KGaA, Caris Life Sciences Inc., Bio-Techne Corporation, Myriad Genetics Inc., Genomic Health Inc., Exact Sciences Crop., Natera Inc., Invitae Crop., Veracyte Inc.
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What Are the Core Segments of the In Vitro Diagnostics Market, and How Do They Contribute to Growth?
The in vitro diagnostics market covered in this report is segmented –
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, Other End Users
3) By Type of Expenditure: Public, Private
4) By Product: Instruments/Equipment, Disposables
Subsegments:
1) By Point-Of-Care Diagnostics Devices And Equipment: Blood Glucose Monitoring, Pregnancy And Fertility Testing, Infectious Disease Testing, Cardiac Markers Testing, Coagulation Testing
2) By Immunochemistry Diagnostic Devices And Equipment: Enzyme-Linked Immunosorbent Assay (ELISA), Radioimmunoassay (RIA), Western Blot, Immunofluorescence Assay, Chemiluminescence Immunoassay (CLIA)
3) By Clinical Chemistry Diagnostic Devices And Equipment: Blood Glucose Testing, Cholesterol Testing, Liver Function Testing, Kidney Function Testing, Electrolyte Testing
4) By Molecular Diagnostics Devices And Equipment: PCR (Polymerase Chain Reaction) Instruments, Next-Generation Sequencing (NGS) Instruments, Microarray Instruments, FISH (Fluorescence In Situ Hybridization) Devices
5) By Microbiology Diagnostic Devices And Equipment: Microbial Culture Systems, Automated Identification Systems, Antimicrobial Susceptibility Testing Systems, Blood Culture Systems
6) By Hemostasis Diagnostic Devices and Equipment: Coagulation Analyzers, Thromboelastography Systems, Platelet Function Analyzers, Clotting Factor Analyzers
7) By Hematology Diagnostic Devices and Equipment: Hematology Analyzers, Hemoglobin Testing Systems, Complete Blood Count (CBC) Devices, Blood Cell Counters
8) By Immunohematology Diagnostic Devices and Equipment: Blood Typing Systems, Crossmatching Systems, Antibody Screening Systems, Blood Bank Analyzers
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What Regions Are Dominating the In Vitro Diagnostics Market Growth?
North America was the largest region in the global in-vitro diagnostics market in 2023. Asia-Pacific was the second largest region in the global in-vitro diagnostics market. The regions covered in the in-vitro diagnostics devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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