IVD Contract Manufacturing Services Market By Device Type (Equipment, Consumables), By Technology (Molecular Diagnostics, Immunoassay, Hematology, Microbiology), By Service (Assay Development, Manufacturing), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032

Report Code: PMI510823 | Publish Date: June 2023 | No. of Pages: 170

IVD Contract Manufacturing Services Market Overview

IVD (In-Vitro Diagnostics) are medical devices used for monitoring, diagnosing, screening and assessing predisposition of diseases from test-tube assays outside an organism. Cancer screening, HIV tests, self-test for pregnancy, blood type identification and blood glucose monitoring for diabetes are some examples of IVD products.

Growing prevalence of cancer and infectious diseases has become major contribution in market growth. Outbreak of COVID pandemic has further, driven the demand for target market growth. Presence of major key players, technological innovation and new product launch IVD Contract Manufacturing Services market is anticipated to increase the demand for IVD Contract Manufacturing Services market growth in coming years.

Attributes

Details

IVD Contract Manufacturing Services Market Value (2022)

US$ 14.5Bn

IVD Contract Manufacturing Services Market Projected Value (2032)

US$ 46.4Bn

IVD Contract Manufacturing Services Market CAGR (2022 – 2032)

12.3%

 

 

IVD Contract Manufacturing Services Market Share

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

IVD Contract Manufacturing Services Market Dynamics

Growing prevalence of diseases and demand for IVD products to fuel market growth

Growing prevalence of diseases and demand for IVD products has become major contribution in market growth. As the demand for IVD medical devices continues to grow demand for CMS (contract manufacturing services) will started growing rapidly. Growing prevalence of cancer diseases and infectious diseases has given rise in IVD technologies such as molecular diagnostics, immunoassay, hematology, microbiology which in turn, facilitate the demand for IVD Contract Manufacturing Services. Further, rising demand for outsourcing product in healthcare due to a lack of manufacturing facilities and high costs is expected to boost the demand for IVD Contract Manufacturing Services market growth.

For instance, in 2019, according to CDC (Centers for Disease Control and Prevention), around 1,752,735 new cancer cases were reported and 599,589 people were died of cancer in United States.

Restrains of IVD Contract Manufacturing Services Market:

Some challenges faced by CMS ((contract manufacturing services) are cost pressure, fierce competition, consolidation, and constant technological innovations, which hamper the market growth. The wrong innovative CMS solution provider may lead to a bad customer experience and variations in the standards of customer service may lead to quality problems. Further, it may also may lead to less control over the production process, which act as a challenges and disadvantages of CMS which in turn restrained the IVD Contract Manufacturing Services market growth.

IVD Contract Manufacturing Services Market Segmentation

IVD Contract Manufacturing Services Market Segmentation

IVD Contract Manufacturing Services Market is segmented based on Device Type, Technology, Service and Region.

Device Type Insight

On the basis of Device Type, IVD Contract Manufacturing Services Market is segmented into Equipment, Consumables. Consumables device type segment is expected to dominate the target market growth as it is widely used to detect chronic diseases, infectious diseases, influenza diseases which boost the segment growth.

Technology Insights

On the basis of Technology, IVD Contract Manufacturing Services Market is segmented into Molecular Diagnostics, Immunoassay, Hematology and Microbiology. Immunoassay technology segment is expected to dominate the target market growth. High level of accuracy, high sensitivity, inherent specificity and rising prevalence of advanced diagnostic immunoassay formats has driven the segment growth.

Service Insights

On the basis of Service, IVD Contract Manufacturing Services Market is segmented into Assay Development, Manufacturing. Manufacturing service segment is expected to dominate the target market growth due to growing outsourcing of manufacturing activities.

Regional Insights:

On region the IVD Contract Manufacturing Services Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period. Moreover, rising prevalence of disease, high disposable income, improved healthcare infrastructure, adoption of innovative technological products, low cost of raw materials and growing demand for medical devices is anticipated to increase demand for IVD Contract Manufacturing Services in the region.

Attribute

Details

Base year for estimation

2022

Forecast period

2022 – 2032

Market representation

Revenue in USD Billion & CAGR from 2022 to 2032

Market Segmentation

By Device Type - Equipment, Consumables

By Technology - Molecular Diagnostics, Immunoassay, Hematology and Microbiology

By Service - Assay Development, Manufacturing

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the IVD Contract Manufacturing Services Market report based on Device Type, Technology, Service and Region.

IVD Contract Manufacturing Services Market, By Device Type:

  • Equipment
  • Consumables

IVD Contract Manufacturing Services Market, By Technology:

  • Molecular Diagnostics
  • Immunoassay
  • Hematology
  • Microbiology
  • Clinical Chemistry
  • Coagulation & Hemostasis

IVD Contract Manufacturing Services Market, By Service:

  • Assay Development
  • Manufacturing

IVD Contract Manufacturing Services Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

IVD Contract Manufacturing Services Market Key Players

The key players operating the IVD Contract Manufacturing Services Market includes, KMC Systems, Inc., Nova Biomedical, Thermo Fisher Scientific Inc., Savyon Diagnostics, Merck KGaA, TCS Biosciences Ltd., Maxim Biomedical Inc., Avioq Inc., Coris BioConcept, Meridian Bioscience Inc., and others.

IVD Contract Manufacturing Services Market Company Profile

  • KMC Systems, Inc.*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Nova Biomedical
  • Thermo Fisher Scientific Inc.
  • Savyon Diagnostics
  • Merck KGaA
  • TCS Biosciences Ltd.
  • Maxim Biomedical Inc.
  • Avioq Inc.
  • Coris BioConcept
  • Meridian Bioscience Inc.

“*” marked represents similar segmentation in other categories in the respective section

IVD Contract Manufacturing Services Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Device Type
      • Market Snippet, By Technology
      • Market Snippet, By Service
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Device Type
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Equipment
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Consumables
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  6. Market Segmentation, By Technology, 2022 – 2032, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Molecular Diagnostics
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Immunoassay
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Hematology
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Microbiology
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  7. Market Segmentation, By Service, 2022 – 2032, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Assay Development
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Manufacturing
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  8. Global Market, By Region, 2022 – 2032, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Device Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Service, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Device Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Service, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Device Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Service, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Device Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Service, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Bn), By Device Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Service, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles 
  • KMC Systems, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Nova Biomedical
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Thermo Fisher Scientific Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Savyon Diagnostics
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Merck KGaA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • TCS Biosciences Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Maxim Biomedical Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Avioq Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Coris BioConcept
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Meridian Bioscience Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The IVD Contract Manufacturing Services Market is segmented into Device Type, Technology, Service and Region.

IVD Contract Manufacturing Services Market is driven by factors like growing prevalence of diseases and demand for IVD products.

By region, the IVD Contract Manufacturing Services market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the IVD Contract Manufacturing Services Market includes, KMC Systems, Inc., Nova Biomedical, Thermo Fisher Scientific Inc., Savyon Diagnostics, Merck KGaA, TCS Biosciences Ltd., Maxim Biomedical Inc., Avioq Inc., Coris BioConcept, Meridian Bioscience Inc., and others.

IVD Contract Manufacturing Services Market accounted for US$ 14.5 billion in 2022 and is estimated to be US$ 46.4 billion by 2032 and is anticipated to register a CAGR of 12.3%.