In-Vitro Diagnostic Market Scope and Analysis by 2030
In-Vitro Diagnostic Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 72.39 Billion |
Market Size by 2030 | US$ 112.1 Billion |
Global CAGR (2022 - 2030) | 5.6% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Product & Service
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Competitive Landscape and Key Companies:
A few of the prominent in-vitro diagnostic manufacturers operating in the global in-vitro diagnostic market are Abbott Laboratories, F. Hoffmann-La Roche Ltd, Danaher Corp, Siemens AG, Sysmex Corp, Thermo Fisher Scientific Inc, Becton Dickinson and Co, bioMerieux SA, Bio-Rad Laboratories Inc, Qiagen NV. These companies focus on new technologies, advancements in existing products, and geographic expansions to meet the increasing consumer demand worldwide and growing their product range in specialty portfolios. For instance, in October 2020, Abbott signed a non-exclusive royalty-bearing license agreement with Quanterix Corporation. Under the agreement, Abbott has gained access to Quanterix’s portfolio of bead-based technology patents for in vitro diagnostic (IVD) applications. In addition, Quanterix received an initial license fee, regulatory and launch milestones, milestone fees subject to achievements associated with Abbott’s future developments, and royalties on the sale of licensed products.