In Vitro Diagnostics Market Revenue Growth During the Forecast Period 2021- 2025 
                     Adroit Market Research
 
Global In Vitro Diagnostics (IVD) Market
Size 2018 by Type (Immunodiagnostics, Chemistry 
Diagnostics, POCT, Molecular Diagnostics, Others), by 
Application (Hospitals, Laboratories, Research and 
Academics), By Region and Forecast 2019 to 2028
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In Vitro Diagnostics (IVD) Market estimated to grow at 
6.7% CAGR during 2019-2028
• The market research report on in vitro diagnostics (IVD) industry assesses the market 
demand, use cases & trending scenario for the period ranging from 2013 to 2028. The report 
highlights the historic developments from 2013 to 2018 & market forecast from 2019 to 2028. 
Furthermore, the report comprises the current status & future prospects of the market at global as 
well as regional and country levels. The global IVD market is segmented on the basis of type, 
application and geography.
• This report also examines various aspects of the in vitro diagnostics industry by assessing the 
market using value chain analysis. It includes a qualitative narrative on market drivers, market 
restraints and key industry trends of the IVD industry. Furthermore, the report provides an in-depth 
assessment of the market competition with company profiles of global as well as local 
manufacturers.
• By type, the in vitro diagnostics market is segmented as immunodiagnostics, chemistry 
diagnostics, molecular diagnostics, POCT among others. The market is dominated by 
immunodiagnostics, whereas molecular diagnostics has emerged as one of the leading and 
fastest-growing sectors of the IVD industry. Four significant and innovative trends are currently 
driving the global IVD market: POCT, automation, digitalization, and personalized medicine. In the 
diagnostics industry, placing diagnostics as close as possible to the patient and healthcare 
practitioners is a ground-breaking trend. POCT technologies deliver faster results as delays caused 
by transportation are mitigated. Similarly, there is no need for the preparation of clinical samples, 
as biochemical test results are available at the point of care. This could help speed up clinical 
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Adroit Market Research
In Vitro Diagnostics (IVD) Market estimated to grow at 6.7% CAGR during 2019-2028
• On the basis of regional demarcation of the IVD industry, North America leads the global market 
both in terms of supply and consumption of IVD solutions. The demand for consumables is 
significantly high in the market along with that of sophisticated and advanced analyzer 
technologies. Replacement of obsolete hardware is also prominently witnessed in North America 
and Europe. Additionally, high levels of outsourcing activities are responsible for the robust 
transition of the Asia Pacific IVD market. Some of the major factors attributed for the rapid growth 
of Asia Pacific, Latin America and MEA IVD markets are rapidly evolving healthcare infrastructure, 
growing disposable incomes, increasing awareness and adoption of POC technologies and so on.
• Major players operating in the in vitro diagnostics market are F. Hoffmann-La Roche Ltd., Abbott, 
Danaher, Siemens Healthcare Private Limited, Thermo Fisher Scientific Inc., Sysmex Corporation, 
bioMérieux SA, Ortho Clinical Diagnostics, Hologic, Inc., Bio-Rad Laboratories, Inc., BD, and QIAGEN 
among other prominent players. Several companies competing in the IVD industry have been 
bulked up, whittled down or left the scene completely over the past few years. Names such as 
Phadia and Gen-Probe, who had been among the top 20 IVD firms less than a century ago, have 
now vanished after entering the folds of Thermo Fisher. Cepheid and Beckman Coulter are some 
other top names that have been acquired and helped push Danaher to strengthen its footprints in 
the IVD industry.
• While players have come and gone in the in vitro diagnostic landscape, Roche Diagnostics has 
retained its prominence on the global front. But the Swiss giant is facing a fresh reality, like all its 
other larger competitors, with growing pressure to demonstrate medical value, and a more 
stringent regulatory climate
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positioned with additional challenges, with more cutbacks in healthcare budgets. Pricing pressures 
in the US will also remain in the midst of uncertainty about health care reforms that the Trump 
administration is seeking to enforce.
Adroit Market Research
Key segments of the global In Vitro Diagnostic (IVD) market
Type Overview, 2015-2025 (USD Million)
• Immunodiagnostics
• Chemistry Diagnostics
• Molecular Diagnostics
• Point-of-care testing (POCT)
• Others
Application Overview, 2015-2025 (USD Million)
• Hospitals
• Laboratories
• Research and Academics
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Key segments of the global graphite market
Application Overview, 2015-2025 (USD Million) (Kilo Tons)
• Refractory
• Lubricants
• Batteries
• Foundry
• Others
Regional Overview, 2015-2025 (USD Million)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
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