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Global In-Vitro Diagnostics (IVD) Market: Industry Analysis & Outlook (2017-2021)
1. Industry Research by Koncept Analytics
1
October 2017
Global In-Vitro Diagnostics (IVD)
Market: Industry Analysis & Outlook
-----------------------------------------
(2017-2021)
Global In- Vitro Diagnostics (IVD) Market: Industry
Analysis & Outlook (2017-2021)
2. Executive Summary
2
Global In- Vitro Diagnostics (IVD) Market: Industry
Analysis & Outlook (2017-2021)
Diagnosis is the identification of the nature and cause of a certain phenomena. It involves two different types
of testing method: in vivo and in vitro diagnostics. In-vitro diagnostics (IVDs) tests are defined as tests
executed outside a patient’s body which put analytical instruments, devices, reagents, calibrators and systems
to use for checking of health status or diagnosing diseases. Purpose for doing the IVD test is to prevent,
effectively cure and mitigate any kind of risk and for post-treatment intensive care diseases and infections.
IVD products are precisely designed and produced for collecting samples derived from the human body and
scrutinizing them outside the human body.
The global IVD market is segmented on the basis of product, technology used and test location. On the basis
of product, this market can be divided into three sub segments; reagents, analytical instruments and
accessory products. By technologies employed, it can be segmented into various sub segments;
immunochemistry, SMBG, POCT, molecular diagnostics, clinical chemistry, microbiology, hematology and
others. Further, depending upon test location, the market can be divided into three sub segments; labs, POC
and self-test.
Growth of the global IVD market is driven by several factors including rapid occurrence of infectious diseases,
increasing diabetic patient base, and surge in incidences of chronic ailments. Further, growing geriatric
population, rising GDP per capita and increasing healthcare expenditure per capita will act as a catalyst for
market growth. Owing to the suitable demographical changes and rising disposable income coupled with
improving basic infrastructure, developing regions such as Asia-Pacific and Latin America are expected to
experience robust growth. However, the market growth prospects could be hindered by lack of customer
adoption, lack of proper facilities and infrastructure and strict government regulations.
The report “Global In-Vitro Diagnostics (IVD) Market: Industry Analysis & Outlook (2017-2021)” analyzes the
development of this market, with focus on the North America, EMEA, Asia-Pacific and Latin America markets.
The major trends, growth drivers as well as issues faced by the market are discussed in detail in this report.
The four major players: Siemens AG., Roche Holdings AG., Abbott Laboratories and Danaher Corp. are being
profiled along with their key financials and strategies for growth.
3. Rising incidence of chronic and infectious diseases, growth in the number of private diagnostic centers, and shift in focus
from centralized laboratories to decentralized point-of-care testing are the key factors expected to drive the global IVD
market for the given time period.
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• The global IVD market reached US$... billion in 2016,
increasing from US$... billion, registering a CAGR of …%
spanning from 2012 to 2016.
• In 2021, the global IVD market is predicted to be
valued at US$... billion, growing at a CAGR of …%,
spanning from 2017 to 2021.
• In 2016, North America remained the largest market
with …% share, followed by Europe/Middle East/Africa
(EMEA) at …% and Asia-Pacific at …% share.
Global IVD Market Forecast by Value (2017-2021)
Global IVD Market by Value (2012-2016)
Global IVD Market by Region (2016)
Global In- Vitro Diagnostics (IVD) Market: Industry
Analysis & Outlook (2017-2021)
4. Asia-Pacific is among the fastest growing IVD markets, primarily due to presence of rapidly growing economies such as
China and advanced markets such as Japan. Continuously rising income, government initiatives to control disease prognosis,
rising importance of early disease detection and technological advancements are likely to drive the market.
4
• In 2016, North American IVD market was valued at
US$... billion and is forecasted to reach US$... billion in
2021, growing at a CAGR of …% spanning from 2016 to
2021.
• The EMEA IVD market is expected to be valued at
US$... billion in 2021. It is forecasted to grow at a
CAGR of …%, spanning from 2016 to 2021.
• In 2021, Asia-Pacific IVD market is expected to reach
US$... billion, increasing from US$... billion in 2016,
growing at a CAGR of nearly …% for the forecasted time
period.
EMEA IVD Market Forecast by Value (2016-2021)
North America IVD Market by Value (2012-2016)
Asia-Pacific IVD Market Forecast by Value (2016-2021)
Global In- Vitro Diagnostics (IVD) Market: Industry
Analysis & Outlook (2017-2021)
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