Learn about the global in-vitro diagnostics market through The Business Research Company, which provides information on in-vitro diagnostics market size, in-vitro diagnostics market drivers and restraints, in-vitro diagnostics market players, the COVID-19 impact on the in-vitro diagnostics market, and more.

The global in-vitro diagnostics market size is expected to grow from $83.64 billion in 2021 to $96.49 billion in 2022 at a compound annual growth rate (CAGR) of 15.4%. The global in-vitro diagnostics market size is expected to grow to $161.38 billion in 2026 at a CAGR of 13.7%.

Demand for point-of-care diagnostic devices is increasing as they provide rapid results, are cost-effective, and have advanced diagnosis features for patients.

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The in-vitro diagnostics devices and equipment market consists of sales of in-vitro diagnostic equipment and related services by entities (organizations, sole traders, and partnerships) that produce in-vitro diagnostics equipment. In-vitro diagnostics are tests performed on samples collected from the human body such as tissues and blood.

Global In-Vitro Diagnostics Market Segments Include:

By Type: Point-of-Care Diagnostics Devices and Equipment, Immunochemistry Diagnostic Devices and Equipment, Clinical Chemistry Diagnostics Devices and Equipment, Molecular Diagnostics Devices and Equipment, Microbiology Diagnostic Devices and Equipment, Hemostasis Diagnostic Devices and Equipment, Hematology Diagnostic Devices and Equipment, Immunohematology Diagnostic Devices and Equipment

By End-User: Hospitals and Clinics, Diagnostic Laboratories, Others

By Type of Expenditure: Public, Private

By Product: Instruments/Equipment, Disposables

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the global in-vitro diagnostics market in 2021.

IVD devices are being integrated with IoT and data analytics technologies to improve device efficiency and increase device security. IoT refers to a system of interconnected devices via communication technologies such as WIFI and Bluetooth for data transfer and accessing devices remotely. Data analytics refers to qualitative and quantitative techniques, used to infer actionable information from large data sets. These technologies are helping in enhancing IVD device functionality, mainly through remote monitoring, predictive maintenance for decreased downtime, and advanced data processing capabilities.

TBRC’s in-vitro diagnostics market report covers:

Major Market Players: Siemens Healthineers, F. Hoffmann-La Roche Ltd, Danaher (Beckman Coulter Inc), Abbott Laboratories Inc, and Thermo Fisher Scientific Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The In-Vitro Diagnostics Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides in-vitro diagnostics market overviews, analyzes and forecasts market size, share, in-vitro diagnostics market players, in-vitro diagnostics market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s in-vitro diagnostics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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