In Vitro Diagnostic (IVD) Reagents Market Set to Achieve 5.4% CAGR, Reaching $75.67 Billion by 2030, According to Meticulous Research®
In a recent study, Meticulous Research® forecasts a robust Compound Annual Growth Rate (CAGR) of 5.4% for the In Vitro Diagnostic (IVD) Reagents Market during the forecast period, projecting a valuation of $75.67 billion by 2030.
Overview: In-vitro diagnostic (IVD) reagents, encompassing oligonucleotides, antibodies, nucleic acid probes, purified proteins or peptides, buffers, calibrators, serum, cell medium, and standards & controls, play a crucial role in diagnosing and preventing diseases. They are instrumental in manufacturing IVD kits & assays for diagnostic purposes.
Market Drivers: The growth of the IVD Reagents Market is fueled by several factors:
Increasing prevalence of infectious diseases Rising adoption of advanced diagnostic technologies Growth in proteomics and genomics research studies Growing number of clinical laboratories offering advanced diagnostic testing menus Emerging economies and the demand for protein therapeutics and personalized medicines
Market Challenges: Despite its promising trajectory, the market faces challenges such as stringent regulations for antigen-specific reagents, high reagent costs, and an unfavorable reimbursement scenario.
Top 10 Companies in the IVD Reagents Market:https://meticulousblog.org/top-10-companies-in-in-vitro-diagnostic-ivd-reagents-market/
Thermo Fisher Scientific (U.S.): A biotechnology company engaged in life sciences research, patient diagnostics, and laboratory productivity. Offers IVD reagents through its Clinical Diagnostics business, serving various industries. Becton, Dickinson and Company (U.S.): A medical technology company providing a wide range of medical devices, laboratory equipment, and diagnostic products. Offers IVD reagents through its BD Life Sciences business segment. Merck KGaA (Germany): Operates in the IVD reagents market through the Life Science business segment, offering over 300,000 products. Bio-Rad Laboratories, Inc. (U.S.): A distributor and manufacturer of clinical diagnostic products and life science research. Provides IVD reagents through its Clinical Diagnostics segment. Agilent Technologies, Inc. (U.S.): Provides application-focused solutions for life sciences, diagnostics, and applied chemical markets. Offers IVD reagents through its Diagnostics & Genomics segment. Abcam plc (U.K.): Producer, distributor, and seller of protein research tools, offering research-grade antibodies & IVD antibodies in the IVD reagents market.
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Hologic Inc. (U.S.): A medical technology company developing, manufacturing, and supplying medical imaging systems, diagnostic products, and surgical products. Provides IVD reagents through its Diagnostics segment. QIAGEN N.V. (Netherlands): Develops and sells instruments, consumables, and digital bioinformatics solutions for various research areas. Operates in the IVD reagents market through the Molecular Diagnostics segment. Beckman Coulter Inc. (U.S.): Engaged in the clinical diagnostics industry, offering clinical diagnostic products and solutions. Provides IVD reagents through its Diagnostics segment under Danaher Corporation. InBios International, Inc. (U.S.): Designs, develops, and manufactures immunodiagnostic devices for infectious diseases and biothreats.
Notable Mention: Meticulous Research® in its latest report predicts a growth rate of 5.4% for the In Vitro Diagnostic (IVD) Reagents Market during the forecast period of 2023-2030.
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