In Vitro Diagnostic (IVD) tests are a subset of medical devices. In vitro diagnostic products are those reagents, instruments, and systems intended for use in diagnosis of disease or other conditions, including a determination of the state of health, in order to cure, mitigate, treat, or prevent disease or its sequelae. Such products are intended for use in the collection, preparation, and examination of specimens taken from the human body.
In vitro diagnostics are tests that can detect diseases, conditions, or infections. Some tests are used in laboratory or other health professional settings and other tests are for consumers to use at home.
A medical device is an in vitro diagnostic medical device (IVD) if it is a reagents, calibrator, control material, kit, specimen receptacle, software, instrument, apparatus, equipment or system, whether used alone or in combination with other diagnostic goods for in vitro use.
According to the new market research report “Global In–Vitro Diagnostics (IVDs) Medical Device Market Research Report 2024”, published by QYResearch, the global In–Vitro Diagnostics (Ivds) Medical Device market size is projected to reach USD 130.12 billion by 2029, at a CAGR of 5.0% during the forecast period.
- Global In–Vitro Diagnostics (Ivds) Medical Device MarketSize(US$ Million), 2018-2029
Source: QYResearch, “Global In–Vitro Diagnostics (IVDs) Medical Device Market Research Report 2024”
- Global In–Vitro Diagnostics (Ivds) Medical Device Top20Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, “Global In–Vitro Diagnostics (IVDs) Medical Device Market Research Report 2024”
The global key manufacturers of In–Vitro Diagnostics (Ivds) Medical Device include Roche, Abbott, Danaher, Siemens Healthineers, Thermo Fisher Scientific, Becton Dickinson, BioMerieux, Sysmex, Hologic, Ortho Clinical Diagnostics, etc. In 2022, the global top five players had a share approximately 55.0% in terms of revenue.
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