How big is the in vitro diagnostics market?

The in vitro diagnostics market size was exhibited at USD 86.17 billion in 2024 and is projected to hit around USD 165.74 billion by 2034, growing at a CAGR of 6.76% during the forecast period 2025 to 2034.

Which segment accounted for the largest in vitro diagnostics market share?

Reagents dominated the in vitro diagnostics market with a market share of 67.07% in 2024 owing to a rise in the number of R&D initiatives related to reagents, an increase in the demand for self-test, and Point-of-Care (POC) products.

Who are the key companies/players in the IVD market?

Major players in the IVD market are Abbott; bioMérieux SA; QuidelOrtho Corporation; Siemens Healthineers AG; Bio-Rad Laboratories, Inc.; Qiagen; Sysmex Corporation; Charles River Laboratories; Quest Diagnostics Incorporated; Agilent Technologies, Inc.; Danaher Corporation; BD; F. Hoffmann-La Roche Ltd.

What are the factors driving the in vitro diagnostics market?

Key factors that are driving the IVD market growth include the use of technologically advanced devices for early detection of diseases, the development of automated IVD systems, the increasing prevalence of diseases, and the growing geriatric population.

How has the COVID-19 pandemic affected the in vitro diagnostics market?

The coronavirus pandemic led to many pharmaceutical companies launching novel rapid diagnostic kits for the detection of the virus, with federal agencies around the globe enabling their early launch, which accelerated the market growth.

In Vitro Diagnostics Market Size, Share & Trends Analysis Report By Product (Instruments, Reagents), By Test Location, By End-use (Hospitals, Laboratory), By Technology (Immunoassay, Coagulation), By Application, By Region,- Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2025-2034

Report Details

Report Code:9011
Category:Healthcare
No. of Pages:150
Format:PDF/PPT/Excel
Published:January 2025
Historical Year:2021-2023
Base Year:2024
Estimated Year:2025-2034

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