Top Companies in the In Vitro Diagnostics (IVD) Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
In vitro Diagnostics (IVD) Market is projected to reach a value of USD 141.1 Billion by 2028 at a CAGR of 4.50% over the forecast period.
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The Global In vitro Diagnostics (IVD) Market is valued at USD 108.4 Billion in 2021 and is projected to reach a value of USD 141.1 Billion by 2028 at a CAGR of 4.50% over the forecast period.
The increase in awareness of point-of-care testing is to blame for this. Key players, for instance, are concentrating on releasing new transportable, portable, and handheld tools that can be used without a laboratory setting. As a result, both patients and healthcare personnel are in greater demand. Additionally, the IVD market has significantly benefited from recent technology developments like quick test kits, which are anticipated to continue. As a result, numerous aspects of healthcare use in-vitro diagnostics.
The development of the global in vitro diagnostics (IVD) market is anticipated to be influenced by the rising demand for diagnostic tools and the rise in the prevalence of infectious and chronic diseases like diabetes, cardiovascular disorders, tuberculosis (TB), and cancer.
The market for in vitro diagnostics (IVD) is dominated by prominent companies from around the world, including, among others, Roche Diagnostics (Switzerland), Siemens Healthineers (Germany), Danaher Corporation (US), Abbott (US), Thermo Fisher Scientific (US), Johnson & Johnson (US), Becton, Dickinson and Company (US), Bio-Rad Laboratories (US), Sysmex Corporation (Japan), bioMérieux (France), DiaSorin (Italy), Ortho Clinical Diagnostics (US), QIAGEN N.V. (Netherlands). Furthermore, to strengthen their global market positions, many important market players use organic and inorganic methods, including mergers and acquisitions, partnerships, new product innovations, and launches.
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Let’s Look at the Top Companies Taking the In vitro Diagnostics (IVD) Market by Storm.
- Roche Diagnostics:
Roche Diagnostics Corporation sells tools and services for diagnostics. The business provides point-of-care, molecular, tissue, and centralized diagnostic services.
- Siemens Healthineers:
Siemens Healthineers AG is a business that produces medical technologies. For use in healthcare applications, the company offers medical imaging, laboratory diagnostics, point-of-care testing, digital ecosystem, and reading solutions. The services of Siemens Healthineers are available globally.
- Danaher Corporation:
Danaher Corporation develops, produces, and sells industrial, commercial, and professional goods and services in test and measurement, environmental science, life sciences, dentistry, and industrial technologies.
- Thermo Fisher Scientific:
This Company produces chemicals, consumables, and scientific equipment. The company provides pharmaceutical and biotech firms, hospitals and clinical diagnostic labs, universities, research institutions, and governmental organizations with analytical instruments, laboratory equipment, software, services, consumables, reagents, chemicals, and supplies.
- Johnson & Johnson:
For the consumer, pharmaceutical, medical device, and diagnostics markets, Johnson & Johnson manufactures healthcare goods and offers related services. The business sells goods in different nations, including acetaminophen, medications, surgical equipment, diagnostic tools, and skin and hair care products.
- Becton, Dickinson and Company:
Becton, Dickinson and Company is a multinational medical technology company whose main business is the development, production, and sale of medical devices, instrument systems, and reagents for use by hospitals, clinical laboratories, pharmaceutical companies, and the general public.
- Bio-Rad Laboratories:
This Company runs a network of laboratories. The business produces and sells analytical instruments, clinical diagnostics, and equipment for life science research. Products and systems from Bio-Rad Laboratories are used to separate complicated chemical and biological materials and to recognize, examine, and purify their constituent parts.
- Sysmex Corporation:
Sysmex Corporation produces supplies and tools for clinical tests, such as hematologic (blood) and immunological tests. Additionally, the company creates, produces, and sells particle analyzers, including software and devices for measuring blood coagulation. Manufacturing and sales occur outside Japan in the United States, EMEA, and Asia Pacific regions.
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