Market revenue in 2023 | USD 4,536.1 million |
Market revenue in 2030 | USD 7,036.6 million |
Growth rate | 6.5% (CAGR from 2023 to 2030) |
Largest segment | Reagents |
Fastest growing segment | Reagents |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Instruments, Reagents, Services |
Key market players worldwide | Abbott Laboratories, BioMerieux SA, QuidelOrtho Corp, Siemens Healthineers AG ADR, Bio-Rad Laboratories Inc, Qiagen NV, Sysmex Corp, Charles River Laboratories International Inc, Quest Diagnostics Inc, Agilent Technologies Inc, Danaher Corp, BD, Roche Holding AG |
Reagents was the largest segment with a revenue share of 66.23% in 2024. Horizon Databook has segmented the Japan in vitro diagnostics (ivd) market based on instruments, reagents, services covering the revenue growth of each sub-segment from 2018 to 2030.
Presence of key market players such as Sysmex Corporation is expected to boost the market. Sysmex Corporation is taking initiatives to promote personalized therapeutics in primary care testing, close to patients. It is developing companion diagnostic drugs and new testing technologies for analyzing proteins, genes, disease-derived cells, and other elements in blood or other body fluids.
For instance, in May 2021, Sysmex Corporation and ThinkCyte have signed deals of joint development and investment to develop artificial intelligence-powered tech for IVD. Under this initiative, the companies will develop an IVD solution based on a new technique of flow cytometry that allows accurate and fast cell analysis by using AI.
. The problem faced by the government in recent years is the increase in the number of an ageing population, as the cases of ageing disorders are multiplying. To control this scenario Japanese government undertaking several initiatives. This will boost the future of the country’s IVD market by increasing prevalence and government initiatives.
No credit card required*
Name | Profile | # Employees | HQ | Website |
---|
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account