In Vitro Diagnostics Market Shares, Strategies and Opportunities 2028
                     In Vitro Diagnostics Market: Introduction
According to the report, the global in vitro diagnostics market was valued at US$ 70.51 Bn in
2020 and is projected to expand at a CAGR of 6.3% from 2021 to 2028. In vitro diagnostics are
tests done on samples such as blood or tissue that have been taken from the human body.
Diagnosis  of  infectious  diseases  is  one  of  the  leading  applications  of  in  vitro  diagnostics.
Investment  in  the  development  of  new  diagnostics  tools  for  diagnosing  various  infectious
diseases has been increasing. In April 2017, the U.S. Department of Health and Human Services
awarded a contract to Siemens Healthineers to develop Zika virus immunoassay test to use on
its Advia platform of immunoassay analyzers. The prevalence of hepatitis and HIV diseases is
increasing globally and is expected to drive the demand for in vitro diagnostic testing. According
to the World Health Organization (WHO), in July 2021, an estimated 58 million people across
the world had hepatitis C infection. WHO also stated that around 37.7 million people were
affected with HIV across the world in 2020.
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The  rise  in  prevalence  of  these  infectious  diseases  is  likely  to  increase  the  demand  for
diagnostic tests, which in turn is projected to propel the global in vitro diagnostics market.
New  innovative  technologies  such  as  RT-PCR  and  next  generation  sequencing  provide  a
comparatively  less expensive way of  diagnosis,  prognosis,  and therapy selection in patients
throughout their treatment plan. This helps physicians frame appropriate therapeutic regimes
for patients suffering from diseases.
In addition, surge in demand for point-of-care services is likely to drive the in vitro diagnostics
market. Point-of-care provides quick and accurate results compared to traditional methods.
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Clinical Chemistry Segment to Dominate Global In Vitro Diagnostics Market
In  terms of  technology type,  the global  in vitro diagnostics  market has been classified into
point-of-care,  molecular  diagnostics,  immunoassays,  clinical  chemistry,  whole  blood glucose
monitoring,  hematology,  clinical  microbiology,  coagulation  &  hemostasis,  and  others.  The
clinical chemistry segment dominated the global market in terms of share in 2020. Increase in
the geriatric population and rise in awareness are expected to propel the segment during the
forecast period.
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North America to Lead Global In Vitro Diagnostics Market
In  terms  of  region,  the  global  in  vitro  diagnostics  market  has  been segmented into  North
America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The U.S. dominated the
market in North America in 2020 due to adoption of new technologies such as next generation
sequencing,  higher  awareness,  significant  health  care  spending  in  overall  national  budgets,
early availability of advanced technologies, and higher penetration of research activities across
the country.
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In Vitro Diagnostics Market Players
Major players operating in the global in vitro diagnostics market include F. Hoffmann-La Roche
Ltd.,  Danaher,  Siemens Healthineers,  bioMérieux  SA,  Abbott,  Diasorin,  Meridian  Bioscience,
Inc., Ortho-Clinical Diagnostics, Inc., Thermo Fisher Scientific, Inc., and Sysmex Corporation.
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