Claim your 30% discount on Global Market Reports with code ONLINE30. Limited time only.

How Has the IVD Raw Materials Market Grown from 2024 to 2025?

In recent times, there has been a marked acceleration in the growth of the IVD raw materials market. The market’s worth is expected to escalate from a value of $25.13 billion in 2024 to about $27.73 billion in 2025, indicative of a compound annual growth rate (CAGR) of 10.3%. The growth trajectory in the bygone period mirrors the increased incidence of infectious and chronic diseases, heightened demand for diagnostic testing based in laboratories, growing role of enzyme and protein-based reagents in diagnostics, proliferation of clinical laboratories for diagnostics, and bolstered efforts for disease awareness and early detection.

What Growth Rate Is Anticipated for the IVD Raw Materials Market in the Coming Years?

Over the coming years, the market size for IVD raw materials is forecasted to experience swift expansion. By 2029, it is predicted to reach a value of $40.74 billion, growing at a compound annual growth rate (CAGR) of 10.1%. Factors contributing to this anticipated growth during the forecast period include increasing demand for efficient and highly sensitive diagnostic solutions, the expanding application of molecular diagnostics within oncology, a rising geriatric population with associated health conditions, growing demand for companion diagnostics, and rising investment from biopharmaceutical companies. Notable trends expected during the forecast period encompass a move towards synthetic and recombinant raw materials, incorporation of multiplex assays needing specialized materials, the use of lyophilized and ready-to-use reagent formats, and the production of raw materials specifically suited to microfluidic and lab-on-a-chip systems.

Download The Free Sample Report Here:

https://www.thebusinessresearchcompany.com/sample.aspx?id=24270&type=smp

Who Are the Leading Companies in the IVD Raw Materials Market?

Major companies operating in the IVD raw materials market are F. Hoffmann-La Roche, Merck KGaA, Thermo Fisher Scientific, Abbott Laboratories, Siemens Healthineers, Becton Dickinson and Company (BD), Agilent Technologies, Sysmex Corporation, Waters Corporation, Bio-Rad Laboratories Inc., LGC Limited, Neogen Corporation, MP Biomedicals, CUSABIO Technology, Fujirebio, Fapon Biotech, ABclonal Technology, Creative Diagnostics, AIVD Biotech Inc., OPERON, Beijing Diagreat Biotechnology Co. Ltd., Biosynth, Aalto Bio Reagents, Angstrom Biotech, Eximio Biotech, Glentham Life Sciences Limited, OYC Americas Inc., NOVA Biologics Inc.

What Are the Key Drivers of the IVD Raw Materials Market?

The escalation in the frequency of contagious diseases is forecasted to drive the expansion of the IVD raw materials market in the future. These are ailments triggered by detrimental microbes that can transfer from one individual or entity to another. The rise in such diseases can be attributed to accelerated urbanization, which promotes the spread of these diseases by intensifying population density and placing a serious strain on sanitation and healthcare facilities. IVD raw materials are pivotal in fighting against infectious diseases as they facilitate the creation of precise diagnostic tests, allowing for early recognition and effective disease control. For instance, a report published by the Denmark-based medical laboratory, Statens Serum Institut, in May 2023 revealed that in 2021, 146 cases of chronic hepatitis C were recorded, with 72% (105 cases) pertaining to men. However, in 2022, this number increased to 196 cases, with 67% (131 cases) comprising men. This surge in infectious diseases is hence fueling the growth of the IVD raw materials market.

Request For A Customized Report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=24270&type=smp

What Are the Key Market Segments in the IVD Raw Materials Industry?

The IVD raw materials market covered in this report is segmented –

1) By Product: Antibodies, Antigens, Enzymes, Proteins, Biological Buffers, Other Products

2) By Technology: Molecular Diagnostics, Clinical Chemistry, Immunochemistry, Other Technologies

3) By End User: Pharmaceutical And Biotechnology Companies, Diagnostic Laboratories, Contract Research Organizations, Other End Users

Subsegments:

1) By Antibodies: Monoclonal Antibodies, Polyclonal Antibodies, Recombinant Antibodies

2) By Antigens: Recombinant Antigens, Native Antigens, Synthetic Antigens

3) By Enzymes: Polymerases, Reverse Transcriptases, Oxidases

4) By Proteins: Carrier Proteins, Blocking Proteins, Recombinant Proteins

5) By Biological Buffers: Tris Buffers, HEPES Buffers, Phosphate Buffers

6) By Other Products: Stabilizers, Surfactants, Preservatives

What Are the Latest Trends in the IVD Raw Materials Market?

The key players in the IVD raw materials market are prioritizing the development of advanced solutions like IVD manufacturing facilities, in order to enhance regional diagnostic abilities and boost healthcare independence. An IVD manufacturing facility is a specialized place where devices and tools for diagnosing illnesses and conditions, through lab tests of samples outside the human body, are designed, created, and evaluated for quality and regulatory compliance. For instance, Colexa Biosensor Limited, a health technology firm based in Nigeria, teamed up with Codix Pharma Limited, a Nigerian pharmaceutical manufacturing company, to inaugurate the first-ever in vitro diagnostics manufacturing facility in Sub-Saharan Africa, located in Lagos, in January 2024. This facility, manufacturing onpoint blood glucose meter and strips, marks a significant achievement in the healthcare sector in Africa, conceived to tackle the increasing diabetes prevalence and enhance diagnostic access. It has the capacity to manufacture 3.6 million packs per year, with the scope to extend up to 10.8 million packs, primarily to fulfill the needs of West Africa.

Access The Full Report Here:

https://www.thebusinessresearchcompany.com/report/ivd-raw-materials-global-market-report

What Are the Key Regional Markets in the IVD Raw Materials Industry?

North America was the largest region in the IVD raw materials market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the IVD raw materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase The Full Report Today:

https://www.thebusinessresearchcompany.com/customise?id=24270&type=smp

This Report Delivers Insight On:

1. How big is the ivd raw materials market, and how is it changing globally?

2. Who are the major companies in the ivd raw materials market, and how are they performing?

3. What are the key opportunities and risks in the ivd raw materials market right now?

4. Which products or customer segments are growing the most in the ivd raw materials market?

5. What factors are helping or slowing down the growth of the ivd raw materials market?

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Get in touch with us:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 310-496-7795

Europe +44 7882 955267

Asia & Others +44 7882 955267 & +91 8897263534

Email us at info@tbrc.info

Follow us on:

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