IVD Raw Materials Market, By Product (Enzymes, Biological Buffers, Antibodies & Antigens, and Others), By Technology (Immunochemistry, Clinical Chemistry, Molecular Diagnostics, and Others), By End-Users (Diagnostic Laboratories, Pharmaceutical & Biotechnology Companies, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032

Report Code: PMI520523 | Publish Date: November 2023 | No. of Pages: 168

IVD Raw Materials Market Overview

Introduction:

[PDF] IVD (In Vitro Diagnostic) products are the instruments, reagents and systems which are intended for use in diagnosis of disease. IVD testing are used for monitoring a person’s general health and thus, used in precision medicine.

 IVD Raw Materials Market Size:

Attributes

Details

IVD Raw Materials Market Value (2022)

US$ 25.8Bn

IVD Raw Materials Market Projected Value (2032)

US$ 49.3Bn

IVD Raw Materials Market CAGR (2022 – 2032)

7.0%

IVD Raw Materials Market Dynamics

IVD Raw Materials Market Drivers and Restrains:

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

Growing prevalence of chronic diseases across globe has become major contribution in market growth. Rising ageing population coupled with growing chronic diseases has further boost the demand for market growth. Advancement in medical technologies has increased lifespan of humans in last decade. 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 Raw Materials.

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.

For instance, in 2017 (PubMed Central), according to United Nations, the geriatric population aged 60 years or above across globe will triple by 2050, and rapidly growing geriatric population has increased likelihood of chronic and other type of diseases.

Restrains:

However, lower penetration of IVD devices in low-income region and stringent regulations regarding approval of IVD product has hampered the demand for IVD Raw Materials Market growth.

IVD Raw Materials Market Segmentation

IVD Raw Materials Market Segmentation:

IVD Raw Materials Market is segmented based on Product, Technology, End-Users and Region.

Product Insight

On the basis of Product, IVD Raw Materials Market is segmented into Enzymes, Biological Buffers, Antibodies & Antigens, and Others.

Technology Insight

On the basis of Technology, IVD Raw Materials Market is segmented into Immunochemistry, Clinical Chemistry, Molecular Diagnostics, and Others.

End-Users Insights

On the basis of End-Users, IVD Raw Materials Market is segmented into Diagnostic Laboratories, Pharmaceutical & Biotechnology Companies, and Others.

IVD Raw Materials Market Regional Insights:

On region the IVD Raw Materials Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America market is estimated to witness a significantly high revenue share over the forecast period due to rising prevalence of chronic diseases such as heart disease, cancer, and other. Further, growing geriatric population, robust healthcare infrastructure, continuous technological development and development of advanced medical devices has boost the market growth in the region.

For instance, according to the CDC (Centers for Disease Control and Prevention), in the United States, around 697,000 people died from heart disease, and around 20.1 million adults aged 20 and older are suffering from coronary artery disease (CAD), which in turn supports the growth of IVD Raw Materials Market.

Asia Pacific market is estimated to witness a fastest revenue share over the forecast period due to growing population, increased obesity, prevalence of chronic diseases and improved healthcare facilities.

Report Scope:

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 Product - Enzymes, Biological Buffers, Antibodies & Antigens, and Others

By Technology - Immunochemistry, Clinical Chemistry, Molecular Diagnostics, and Others

By End-Users - Diagnostic Laboratories, Pharmaceutical & Biotechnology Companies, and Others

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.

Few Other Promising Reports:

IVD Raw Materials Market Key Players

IVD Raw Materials Market Key Players:

The key players operating the IVD Raw Materials Market includes, Aalto Bio Reagents, Thermo Fisher Scientific, Fapon Biotech, Merck KgaA, Fujirebio, Hoffman-La Roche, ABclonal, Beijing Diagreat Biotechnology, CUSABIO Technology, Eximio Biotech, and Others.

Recent Development:

The New Launched Product News,

·In August 2018, Creative Diagnostics launched new varieties of IVD raw materials in global market. The new launched featured products are DENV antigens of four distinct serotypes, tumor markers and Lp-PLA2 monoclonal antibody pair.

Strategic Acquisitions and Partnership News,

·In July 2021, Medix Biochemica acquired 100% shares of Diaclone a provider of monoclonal antibodies in areas of oncology, inflammation and immunology. With this acquisition Medix will expand its leading portfolio of IVD (in-vitro diagnostics) raw materials with technological and complementary capabilities by strengthening its position in Western Europe market.

IVD Raw Materials Market Company Profile

  1. Company Profiles
  • Aalto Bio Reagents
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Thermo Fisher Scientific
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Fapon Biotech
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Merck KgaA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Fujirebio
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hoffman-La Roche
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • ABclonal
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Beijing Diagreat Biotechnology
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • CUSABIO Technology
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Eximio Biotech
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

IVD Raw Materials 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 Purview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product
      • Market Snippet, By Technology
      • Market Snippet, By End-Users
      • 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. IVD Raw Materials Market, By Product, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Enzymes
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Biological Buffers
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Antibodies & Antigens
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. IVD Raw Materials Market, By Technology, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Immunochemistry
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Clinical Chemistry
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Molecular Diagnostics
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. IVD Raw Materials Market, By End-Users, Forecast Period up to 10 Years, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Segment Trends
    • Diagnostic Laboratories
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Pharmaceutical & Biotechnology Companies
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  2. IVD Raw Materials Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis

FAQs

The IVD Raw Materials Market is segmented into Product, Technology, End-Users and Region.

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

The key players operating the IVD Raw Materials Market includes, Aalto Bio Reagents, Thermo Fisher Scientific, Fapon Biotech, Merck KgaA, Fujirebio, Hoffman-La Roche, ABclonal, Beijing Diagreat Biotechnology, CUSABIO Technology, Eximio Biotech, and Others.

IVD Raw Materials Market accounted for US$ 25.8 billion in 2022 and is estimated to be US$ 49.3 billion by 2032 and is anticipated to register a CAGR of 7.0%.