In Vitro Diagnostics (IVD) Market Size, Share & Trends Report

In Vitro Diagnostics (IVD) Market Size, Share & Trends Analysis Report By Product (Instrument, Reagent, Service), By Technology (Clinical Chemistry, Molecular Diagnostics, Microbiology), And Segment Forecasts, 2018 - 2025

  • Published Date: Oct, 2018
  • Base Year for Estimate: 2017
  • Report ID: 978-1-68038-080-4
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2017
  • Number of Pages: 159

Industry Insights

The global In Vitro Diagnostics (IVD) market size was valued at USD 59.40 billion in the year 2017. It is expected to expand at a CAGR of 6.6% over the forecast period. Rising prevalence of chronic diseases is anticipated to propel this growth. Rise in obesity, unhealthy dietary habits, sedentary lifestyle, and high consumption of tobacco and alcohol are some of the factors responsible for high incidence of cancer, diabetes, cardiovascular diseases, and other disorders.

According to the National Institute of Health (NIH), in 2017, it was estimated that approximately 23.5 million Americans were living with autoimmune diseases. The prevalence is expected to increase over the forecast period. Moreover, according to the American Cancer Society (ACS), in 2018, about 1.7 million new cancer cases are estimated to be reported and around 609,640 individuals are likely to die due to cancer.

U.S. in vitro diagnostics (IVD) market

Growing geriatric population, which is prone to diseases, needs regular diagnostic tests. This is one of the major factors driving the market growth. Furthermore, technological developments in terms of accuracy, portability, and cost-effectiveness are estimated to accelerate the demand for IVD devices. For instance, Agena Bioscience launched MassARRAY system incorporated with CHIP Prep Module in Europe in June 2017. The system was marketed as CE-IVD product under the Directive 98/79/EC.

In addition, rising demand for Point-of-Care (PoC) devices is expected to fuel the market growth. Introduction of enhanced technologies such as miniaturization of microfluidics, biochips, and nano-biotechnology are expected to boost the demand for PoC products. These enhancements have led to a rise in the access to point-of-care diagnostic tests and are expected to facilitate rapid and effective test results.

Product Insights

On the basis of product, the In Vitro Diagnostics (IVD) market is segmented into instruments, reagents, and software. Reagents held the dominant market share of 64.63% in 2017 due to high usage in IVD testing. Rise in R&D initiatives and demand for self-test and point-of-care products are some of the factors expected to boost growth of the over the forecast period.

On the other hand, the instrument segment is expected to expand at a lucrative CAGR of 6.19% during the forecast period. Introduction of portable instruments such as cobas 4800 developed by Roche Diagnostics and GeneXpert by Cepheid, is expected to drive the growth over the forecast period.

Technology Insights

On the basis of technology, the market is categorized into immunology, hematology, clinical chemistry, molecular diagnostics, coagulation, microbiology, and others. In 2017, clinical chemistry dominated the global IVD market with a revenue of USD 20.42 billion attributed to huge demand for reagents and test strips for urinalysis. Moreover, molecular diagnostics is expected to witness the fastest growth over the forecast period. Automation is an emerging trend observed in clinical testing. Availability of easy-to-use portable devices enables self-testing, which is expected to fuel the market growth in near future.

Application Insights

On the basis of application, the IVD market is categorized into infectious disease, diabetes, cancer, cardiology, nephrology, autoimmune diseases, drug testing, and others. The infectious disease segment held the largest market share in 2017 due to high prevalence of pneumonia, tuberculosis, and HIV/AIDS. Oncology is expected to witness the fastest CAGR of 8.93% by 2025. Increasing demand for self-care devices and POC diagnostics for the treatment of chronic diseases can boost the growth in the forthcoming years.

End-use Insights

On the basis of end use, the market is segmented into hospitals, laboratories, home care, and others. IVD services are used by hospitals and laboratories as well as directly by patients. Hospitals accounted for the largest market share of 46.01% in 2017, owing to high demand as a result of rise in hospitalization. Homecare segment, on the other hand, is expected to register the fastest CAGR of 8.48% over the forecast period.

Regional Insights

North America held the largest market share of 46.44% in 2017. Favorable government regulations, high healthcare expenditure, and presence of key market players are the key factors responsible for the regional growth.

Global in vitro diagnostics (IVD) market

On the other hand, Asia Pacific is expected to witness the fastest growth over the forecast period. It is anticipated to expand at a CAGR of 8.01% over the forecast period. High unmet clinical needs, improving healthcare infrastructure, and high target population are anticipated to provide growth potential to key manufacturers in the region.

In Vitro Diagnostics (IVD) Market Share Insights

Some of the key players in the market for in vitro diagnostics are bioMerieux SA; F. Hoffmann-La Roche Ltd.; Becton, Dickinson and Company; Hologic, Inc. (Gen-Probe); Siemens Healthineers; Abbott; Alere; Danaher; Sysmex Corporation; Qiagen; and Cepheid.

Key players focus on strategies such as mergers and acquisitions, collaborations, and new product developments. In addition, they are aiming at expanding their businesses across developing regions to boost their market share. For instance, in August 2018, Sysmex Corporation and JVCKENWOOD Corporation agreed to jointly establish a new company Creative Nanosystems Corporation to develop and manufacture biodevices.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2017

Forecast period

2018 - 2025

Market representation

Revenue in USD Billion & CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America & MEA

Country scope

U.S., Canada, U.K., Germany, Japan, China, Brazil, Mexico, South Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope(equivalent to 5 analyst working days)

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global In Vitro Diagnostics (IVD) market report on the basis of product, technology, application, end use, and region:

  • Product Outlook (Revenue, USD Billion, 2014 - 2025)

    • Instruments

    • Reagents

    • Services

  • Technology Outlook (Revenue, USD Billion, 2014 - 2025)

    • Immunology

    • Hematology

    • Clinical chemistry

    • Molecular Diagnostics

    • Coagulation

    • Microbiology

    • Others

  • Application Outlook (Revenue, USD Billion, 2014 - 2025)

    • Infectious disease

    • Diabetes

    • Oncology

    • Cardiology

    • Nephrology

    • Autoimmune diseases

    • Drug testing

    • Others

  • End-use Outlook (Revenue, USD Billion, 2014 - 2025)

    • Hospital

    • Laboratory

    • Home care

    • Others

  • Regional Outlook (Revenue, USD Billion, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • South Africa

Key questions answered by the report
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