Global Ivd Reagents
Market Report
2024
As per Cognitive Market Research's latest published report, the Global IVD Reagents market size was $34.28 Billion in 2017 and it is forecasted to reach $69.65 Billion by 2029.IVD Reagents Industry's Compound Annual Growth Rate will be 6.47%from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global IVD Reagents market size was $34.28 Billion in 2017 and it is forecasted to reach $69.65 Billion by 2029.IVD Reagents Industry's Compound Annual Growth Rate will be 6.47%from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Ivd Reagents Market Sales Revenue 2017 | $ 34.28 Billion |
Global Ivd Reagents Market Sales Revenue 2029 | $ 69.65 Billion |
Global Ivd Reagents Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.47% |
Market Split by Type |
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Market Split by Technology |
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Market Split by Use |
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Market Split by End user |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Ivd Reagents Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
In vitro diagnostic (IVD) reagents are referred to as critical components that are used in vitro diagnostic procedures in clinical chemistry and special chemistry testing laboratories. These are the solutions of highly-specific biological or chemical substances that can react with target substances in the samples. Without these reagents, chemistry testing laboratories are unable to generate the information required for patient diagnosis, monitoring, and treatment. It is mostly used in the diagnosis of disease or other medical conditions such as a determination of the state of health to cure, mitigate, treat, or prevent disease. The raw materials of in vitro diagnostic (IVD) reagents include antibodies, antigens, and enzymes.
There are different types of IVD reagents available in the market such as antibodies, oligonucleotides, nucleic acid probes, purified proteins or peptides, and others that are dependent on several different technologies to generate accurate and precise test results. It uses several technologies such as immunoassay/immunochemistry, biochemistry/clinical chemistry, molecular, diagnostics, microbiology, hematology, coagulation/hemostatis, urinalysis, and others.
The IVD reagent is used by several end users such as IVD manufacturers, reference laboratories, academic and research institutes, and hospital laboratories for research as well as clinical use.
These IVD reagents can be used to manage infectious illnesses, cancer, cardiac diseases, immune system problems, nephrological diseases, gastrointestinal diseases, and many other conditions.
Currently, the prevalence of these diseases is increasing at a rapid pace and consumers are becoming more aware of taking precautions. The need for speedy and accurate illness detection and the use of point-of-care in-vitro diagnostics is also rising. This raises the demand for IVD reagents.
Population aging is at a faster pace compared to the past few years. Lower rates of birth and increased life expectancy have resulted in this rapid growth of the geriatric population across the world.
? The data from the United States Census Bureau states that the growth of the U.S. population aged 65 and older exceeds that of the total population and the population under age 65.
There are several factors that are contributing to the longevity of life such as easy access to healthcare facilities, early detection/diagnosis of diseases and disorders, availability of advanced healthcare systems, and Medicare insurance among others.
? The statistics from the World Health Organization state that the percentage of people over 60 in the world will increase from 12% to 22% between 2015 and 2050.
? The statistics also state that 1 in 6 people in the world will be aged 60 years or over by 2030 and the share of the population aged 60 years and above will increase from 1 billion in 2020 to 1.4 billion which is expected to double (2.1 billion) by 2050.
Aging is associated with several health issues/problems including heart disease, diabetes, depression, arthritis, and other chronic conditions. The estimate states that 90% of the population over 60 years, experience at least one chronic condition which needs specific treatment and medical care.
The increasing aging population is resulting in an ever-changing disease burden, escalating healthcare spending, and also increasing the demand for healthcare products from diagnosis to treatment of diseases. Early diagnosis has significant advantages as it significantly reduces the associated risk and devastating complications improving the life of a person. Any disease or disorder can be cured in a shorter time duration with minimum healthcare expenditure if it is diagnosed at an early stage. Thus, in-vitro diagnostic and screening tests are considered preventive care in order to manage burgeoning healthcare costs which are driving the growth of in vitro diagnostics market. In vitro, diagnostic procedures use IVD reagents for patient diagnosis, monitoring, and treatment.
Thus, with the ever-increasing geriatric population, demand for in-vitro diagnostic tests which simultaneously drives the growth of the IVD reagents market.
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Abbott is the US based healthcare company. The company is engaged in the discovery, development, manufacture, and sale of a diversified line of health care products. The Company operates through four segments including pharmaceutical products, diagnostic products, nutritional products, and medical devices. The Company's products include pharmaceuticals, nutritional, diagnostics, and vascular products. Abbott markets its products worldwide through affiliates and distributors.
Bio-Rad Laboratories Inc manufactures several products, which are used in several end-user sectors such as university and research institutions, hospitals, public health, and commercial laboratories, biotechnology, pharmaceutical, as well as applied laboratories. The company offers next generation DNA sequencing methods, digital PCR, assay procedures, screening tools and other. The company offers its products under various division such as life science research, clinical diagnostic, process separation, food science and corporate.
Top Companies Market Share in Ivd Reagents Industry: (In no particular order of Rank)
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Region and country analysis section of Ivd Reagents Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Ivd Reagents market.
The current report Scope analyzes Ivd Reagents Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Ivd Reagents Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Ivd Reagents Industry growth. Ivd Reagents market has been segmented with the help of its Type, Technology Use, and others. Ivd Reagents market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Antibodies segment Revenue in IVD Reagents will be USD 25.89 Billion by 2029.
IVD antibodies are commonly employed in immunology procedures such as immunonephelometry and sandwich ELISA. IVD antibodies are distinctive diagnostic instruments used in clinical diagnosis and scientific investigations. These IVD antibodies aid medical practitioners in early illness detection and diagnosis, enabling them to start effective treatment regimens
The FDA authorized oligonucleotide-based treatments some years ago. Due to this enhanced activity, it is essential to use synthetic oligonucleotides that are produced according to GMP standards for pre-clinical testing. The need for improved oligonucleotide process control for IVD increases as a result of this.
A microbe's DNA or RNA contains specific nucleotide sequences that may be detected using nucleic acid probes. These specific nucleotide signatures serve as substitutes for the actual existence of the microorganism. For IVD, they are employed. The examination of DNA and RNA molecules in clinical samples is now possible because of the development of several novel nucleic acid-based diagnostic tools or tests. As a result, demand for IVD reagents increases.
Peptide-based IVD is particularly useful for detecting viral illnesses, heart ailments, cancer, and immunological disorders. Antigen-antibody interactions are the foundation for methods like the enzyme-linked immunosorbent assay (ELISA), radioimmunoassay, enzyme-linked immune sorbent spot (ELISPot), and Western blot, where peptides are important constituents acting as antigens. Diagnostic assays are frequently based on these interactions. These tests are used to assess a biomarker molecule's quantity or existence.
Several other reagents such as blocking agents, detergents, surfactants, wetting agents, buffers, stabilizers, purified water, dyes, standards & controls, enzymes, cell culture reagents, and anti-coagulants are used as reagents in IVD.
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The Immunoassay/Immunochemistry segment Revenue will be USD 18.57 Billion by 2029.
In vitro, diagnostic, (IVD) immunoassays can improve the quality of healthcare and enable more accurate diagnosis. IVD immunoassays are used to detect a wide range of diseases and have become the most essential tool worldwide to help reduce the spread of viral diseases. Additionally, immunohistochemistry is used for IVD testing of tissue biopsy material, which must be taken from the patient. Recent advancements in microbiology and immunochemistry have provided cost-effective diagnostic tools for faster and more accurate results.
Clinical chemistry is the biochemical analysis of body fluids that usually uses chemical reactions to determine the levels of chemical compounds in bodily fluids. Several chemical tests are used to detect and quantify different compounds in blood and urine which are the most commonly tested specimens in clinical chemistry. IVD reagents for clinical chemistry testing relied basically on absorbance measurement with light generated by halogen lamps. Reagents apply to IVDs that are intended to be used to diagnose clinical infections that cause serious diseases with a high risk of transmission within the geriatric population.
Molecular diagnostics refers to a series of procedures that are used to analyze biomarkers in the genome and proteome. These tests manage specific sequences in nucleic acids, as well as how cells express genes as proteins. This information can be used to diagnose and monitor disease, and determine the best-suited therapies for each patient. In vitro diagnostics (IVDs) are tests executed on samples taken from the human body, that continue to pave the way for precision medicine by exploiting molecular testing. Results can be used in concordance with other clinical data, such as histology and immunohistochemistry, to gain a complete and unique picture of an individual patient's health. Clinical applications for molecular diagnostics and IVD testing include oncology, genetic disease screening, pharmacogenomics, and more.
The workflow of the IVD Module combines the identification of significant pathogens with automated subsequent detection of certain marker peaks. A large number of microbe species can be quickly and accurately identified using Matrix-Assisted Laser Desorption/Ionization Time-Of-Flight (MALDI-TOF) mass spectrometry, and strong software handles rapid typing and result reporting automatically. This raises the demand for IVD reagents
Hematology reagents are used in automated analyzers to measure the number of red blood cells (RBCs or erythrocytes), white blood cells (WBCs or leucocytes), and platelets per unit volume in a venous blood sample. Due to their excellent quality, lengthy shelf life, and batch-to-batch uniformity, they are frequently utilized for IVD. It has the advantage of precise and repeatable output. In order to assist hematological examinations, these characteristics make sure that end users see incredibly vivid photos and long-term color stability.
Hemostasis is the process through which a blood vessel stops bleeding. It is a procedure with several connected phases. Today, the In Vitro Diagnostic (IVD) industry is driven to innovate in the disciplines of hemostasis and thrombosis with employees dedicated to research and development (R&D) and a level of investment above average.
A urinalysis is a urine examination. A variety of diseases and conditions, including kidney disease, diabetes, and urinary tract infections, are detected and treated with IVD urinalysis. A urinalysis involves examining the color, consistency, and composition of urine. Today's urine test strips are a cutting-edge, simple, and effective medical instrument. Urine test strips are an excellent tool for diagnosing and treating a variety of disorders.
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The Research Use Only segment Revenue in IVD Reagents will be USD 19.13 Billion by 2029.
With increased financing from different government organizations, the complexity of clinical trials, and higher drug failure rates in early phase studies, R&D activities in academic institutions and government research institutes have greatly risen during the previous two to three decades. These initiatives are transforming how research is conducted. As a result, there is an increasing need for IVD reagents.
The necessity of novel therapeutics has increased due to the rising worldwide prevalence of acute and chronic infectious illnesses and the aging population. The need for IVD reagents grows as a result. In vitro, diagnostic techniques employ IVD reagents for patient diagnosis, monitoring, and therapy
The IVD Manufacturers' segment Revenue in IVD Reagents will be USD 28.98 Billion by 2029.
IVD reagents are often used for patient diagnosis, monitoring, and therapy by IVD producers. These items are designed to be used in the evaluation of human body specimen samples. It may also be utilized in a wide range of devices, from simple lab equipment to compact, portable testing.
Reference labs are typically private, for-profit establishments that provide both regular and specialized testing in large volumes. End-use items for diagnostic testing, such as reagent kits, calibrators, control materials, sample diluents, etc., are considered to be included in this definition. These facilities often employ IVD reagents.
Academic and research institutes are generally involved in numerous research activities. These research activities often needed in vitro diagnostics. Nowadays research activities are growing dramatically which leads to the rising demand for IVD reagents.
There is a broad range of in-vitro diagnostics (IVDs), from self-tests for pregnancy and blood glucose tests for diabetics, to sophisticated diagnoses performed in hospital laboratories. The tests themselves can be performed on a variety of instruments ranging from small, handheld tests to complex laboratory instruments. For these tests, IVD reagents play an important role in accurate results.
Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
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Type | Antibodies, Oligonucleotides, Nucleic Acid Probes, Purified Proteins or Peptides, Others |
Technology | Immunoassay/Immunochemistry, Biochemistry/Clinical Chemistry, Molecular Diagnostics, Microbiology, Hematology, Coagulation/Hemostasis, Urinalysis |
Use | Research Use Only, Clinical Use |
End user | IVD Manufacturers, Reference Laboratories, Academic and Research Institutes, Hospital Laboratories |
List of Competitors | Becton, Dickinson and Company, Merck KGaA, Thermo Fisher Scientific, Bio-Rad Laboratories Inc, Beckman Coulter Inc, LGC Biosearch Technologies, BioLegend Inc, InBios International Inc, LakePharma Inc, Bioline, Abcam plc, The Binding Site Group Ltd, SDIX LLC, DIACLONE SAS, Bio-Techne Corporation, Agilent Technologies Inc, Hologic Inc, Bio-Synthesis Inc, RayBiotech Inc, Sino Biological Inc |
This chapter will help you gain GLOBAL Market Analysis of Ivd Reagents. Further deep in this chapter, you will be able to review Global Ivd Reagents Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Technology Analysis 2019 -2031
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Chapter 12 Market Split by Use Analysis 2019 -2031
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Chapter 13 Market Split by End user Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Ivd Reagents market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Antibodies have a significant impact on Ivd Reagents market? |
What are the key factors affecting the Antibodies and Oligonucleotides of Ivd Reagents Market? |
What is the CAGR/Growth Rate of Immunoassay/Immunochemistry during the forecast period? |
By type, which segment accounted for largest share of the global Ivd Reagents Market? |
Which region is expected to dominate the global Ivd Reagents Market within the forecast period? |
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