Avail a limited period discount of 33% on our uniquely designed Opportunities and Strategies market research reports. Contact us today and make winning strategies!

The in-vitro diagnostics market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of 9%, as per The Business Research Company’s market report!

Read More On The In-Vitro Diagnostics Market Report 2022 – https://www.thebusinessresearchcompany.com/report/in-vitro-diagnostics-global-market-report

The In-Vitro Diagnostics Market Size In 2022 And Forecast

The global in-vitro diagnostics market grew from $83.64 billion in 2021 to $94.94 billion in 2022 at a compound annual growth rate (CAGR) of 13.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The in-vitro diagnostics market is expected to grow to $133.8 billion in 2026 at a CAGR of 9.0%.

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.

Request for A Free Sample Of The Global In-Vitro Diagnostics Market Report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=1968&type=smp

Demand For Point-Of-Care Diagnostic Devices Is Driving The Growth Of The In-Vitro Diagnostics Market

For instance, in March 2020, Abbott launched Novel Coronavirus Test. The test will be used on the m2000 RealTime system available in hospitals and molecular labs in the U.S. 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.

Competitive Landscape And The Regional Analysis Of The In-Vitro Diagnostics Market

Major players in the in-vitro diagnostics market are Siemens Healthineers, F. Hoffmann-La Roche Ltd, Danaher (Beckman Coulter Inc), Abbott Laboratories Inc, and Thermo Fisher Scientific Inc.

Additionally, as per TBRC’s research – North America was the largest region in the in-vitro diagnostics market in 2021 holding the largest market share.

The In-Vitro Diagnostics Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the in-vitro diagnostics market report are 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, and Vietnam. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the in-vitro diagnostics market.

IVD Devices – A Key Trend In The 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.

In-Vitro Diagnostics Market Segmentation By The Business Research Company

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

Here Are Some Reports Related To The In-Vitro Diagnostics Market –

Microbiology Diagnostic Devices And Equipment Global Market Report 2022

Diagnostic Imaging Equipment Global Market Report 2022

Allergy Diagnostics Global Market Report 2022

Get In Touch With Us – Call us at:

Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708

Check out our:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model