In-vitro Diagnostics Instruments Market to Record a CAGR of 7.95% | Technavio
NEW YORK, Nov. 25, 2021 /PRNewswire/ -- The in-vitro diagnostics instruments market is expected to grow by USD 23.00 bn from 2020 to 2025, according to Technavio. The report offers an updated analysis of the present market scenario, the latest trends and drivers, and the overall market environment.
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Top 3 In-vitro Diagnostics Instruments Market Players
- Abbott Laboratories- The company offers in-vitro diagnostics instruments, namely Sapphire, Ruby, Emerald 22AL, and others.
- Becton Dickinson and Co.- The company offers in-vitro diagnostics instruments for mycobacteria testing and identification and susceptibility systems.
- Bio Rad Laboratories Inc.- The company offers in-vitro diagnostics instruments to screen microbial presence, grow and identify organisms, and test for antibiotic susceptibility.
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In-vitro Diagnostics Instruments Market 2021-2025: Segmentation
- Clinical Microbiology
- Molecular Diagnostics
- Hospitals And Diagnostic Laboratories
- Academic And Research Institutes
- Home Care
- North America
The in-vitro diagnostics instruments market is driven by the growing geriatric population, demand for personalized medicine, and product launches.
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In-vitro Diagnostics Instruments Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 7.95%
Market growth 2021-2025
USD 23.00 billion
YoY growth (%)
North America, Europe, Asia, and ROW
Performing market contribution
North America at 35%
Key consumer countries
US, China, Germany, Canada, and UK
Leading companies, competitive strategies, consumer engagement scope
Abbott Laboratories, Becton Dickinson and Co., Bio Rad Laboratories Inc., bioMerieux SA, Danaher Corp., F. Hoffmann-La Roche Ltd., HORIBA Ltd., Siemens AG, Sysmex Corp., and Thermo Fisher Scientific Inc.
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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