Diagnostic testing continues to be a valuable resource to help physicians arrive at a diagnosis. Additionally, it has gone from helping the physician to diagnose illness to providing the physician with invaluable information on treatments such as precision medicine. Now, in the aftermath of the COVID-19 pandemic, new products, changes in global health spending, regulatory changes in major markets and disease trends are among the factors that produce a constantly changing market picture but one that remains resilient. Ultimately, the IVD market remains dynamic, demonstrating constant innovations.
In IVD Market Trends Report, March 2023, the analyst analyses and answers:
- What’s Driving Growth in the IVD Market since Q1 2022 and into Q1 2023?
- What Major Trends have been Affecting the Market since Q1 2022 and into Q1 2023?
- How Has COVID-19 Impacted and Continued to Impact the Market?
- What Product Trends and New Developments Will Shape the IVD Market?
The analyst continues to be diligent in outlining the IVD market and it's rapidly changing landscape. The analyst has been and continues to be superior in accessing the market due to the extensive experience of its analysts and the commitment of the company to present the most accurate data available.
Table of Contents
Chapter 1: Worldwide IVD Market - March 2023 Update
- IVD Market Demand and Growth
- Figure 1-1: Quarter-by-Quarter Segment Performance Commentary, 2022
- Table 1-1: Global In Vitro Diagnostic Sales by Product Market, 2022 ($ million) (Clinical Chemistry; Immunoassays: Infectious disease, Other immunos, Blood bank screening, Drugs of Abuse, Diabetes HbA1c - lab; Hematology - Core Lab; Microbiology (ID/AST); Microbiology (molecular); Microbiology - Mass Spectrometry; Coagulation (PT/INR); Coagulation, molecular; Histology/cytology; HPV, molecular; Nucleic acid assays; Blood grouping/typing; Blood bank molecular - NAT Screens; Circulating tumor cells; POC, OTC diabetes; POC, OTC other; POC, professional/hospital; Mass Spectrometry; Other IVD)
- Figure 1-2: IVD Segment Performance (Clinical Chemistry, Coagulation, Hematology, Histology, Immunoassay, Microbiology, POC, Other), Q1 2022 - Q4 2022 ($MN)
- Figure 1-3: IVD Segment Performance (Clinical Chemistry, Coagulation, Hematology, Histology, Immunoassay, Microbiology, POC, Other), Total Market Value, 2022 ($MN)
- COVID-19 Diagnostic Markets
- Table 1-2: COVID-19 Product Sales - Immunoassay (Antigen, Serology), Molecular, Rapid - 2022 ($ millions)
- Effect of COVID-19 on Market Segments
- Table 1-3: IVD Market excluding and with COVID-19, 2022
- Figure 1-4: IVD Market Distribution by Segment (COVID-19 Assays and Instruments, IVD Market excluding COVID-19 Assays and Instruments), 2022
- Figure 1-5: IVD Market by COVID-19 and non-COVID markets, Quarterly Performance, 2022
- Table 1-4: Global In Vitro Diagnostic Market - YoY Growth 2021-2022
- Figure 1-6: Global In Vitro Diagnostic Market - YoY Growth, by Segment (Blood Bank Molecular - NAT Screens, Blood Grouping/Typing, Clinical Chemistry, Coagulation (PT/INR), D-Dimer, Diabetes HbA1c lab, Drugs of Abuse, Hematology - Core Lab, Histology/Cytology, Immuno - Blood Bank Screening, Immuno - Infectious Disease, Microbiology (ID/AST), Microbiology (Molecular), Nucleic Acid Assays/genetic Tests, Other Immunos, POC - OTC Diabetes, POC - OTC Other, POC - Professional/Hospital), 2021-2022
Chapter 2: Product Trends and New Developments
- Selected New - Q4 2022 and Q1 2023 - Core IVD Product Launches, Developments and Trends
- Immunoassay
- Molecular
- Personalized Medicine
- POC
- Sequencing
- Selected COVID-19 Developments - Q4 2022 - Q1 2023
- Figure 2-1: COVID-19 Test Market by Type, Q1-Q4 2022 - COVID-19 Testing Wanes
- Antigen/Antibody
- Molecular
Chapter 3: Top IVD Market Participant Results
- Selected Competitive Leader Updates
- Figure 3-1: IVD Segment Growth by Leading Competitors (Abbott Diagnostics, Becton Dickinson, bioMérieux, Danaher, Hologic, QuidelOrtho, Roche Diagnostics, Siemens Healthineers, Sysmex Corporation, Thermo Fisher Scientific), Change in Sales, 2021-2022
- Figure 3-2: Changes in Market Distribution for IVD Sales, 2019-2022 - Roche and Abbott Battle for #1 Spot
- Figure 3-3: Comparison of Total Diagnostic Sales for Abbott vs Roche 2020-2022 (in millions $)
- 2022 M&A Activity
- Table 3-1: IVD-Relevant M&A Activity, 2022
- Figure 3-4: Count of IVD Industry M&A Deals by Month, Full Year 2022 and Jan-Feb 2023
- Abbott Laboratories
- Table 3-2: Abbott Corporate Summary
- Figure 3-5: Abbott Diagnostics Revenue by Segment (Core Laboratory, Molecular, Point-of-Care, Rapid Diagnostics, COVID-19), Full Year 2021 and 2022 $M
- Becton Dickinson and Co
- Table 3-3: Becton Dickinson Corporate Summary
- Figure 3-6: BD Life Sciences, Revenues by Business FY End September 30, 2021, and 2022 $M
- bioMérieux SA
- Table 3-4: bioMérieux Corporate Summary
- Figure 3-7: bioMérieux Clinical Applications Segment, Full Year Results, 2021, 2022 € MN
- Danaher Corporation
- Table 3-5: Danaher Corporation Summary
- Figure 3-8: Danaher Diagnostic Segment Performance, Full Year Results, 2021 ,2022 $M
- Hologic, Inc.
- Table 3-6: Hologic Corporate Summary
- Figure 3-9: Hologic Diagnostic Segment Performance, Full Year Results, FY 2021 and FY 2022, $M
- QuidelOrtho Corporation
- Table 3-7: QuidelOrtho Corporate Summary
- Figure 3-10: QuidelOrtho, Full Year Results, by Segment (Immunoassay/Clinical Lab, Molecular Diagnostics, Point-of-Care, Transfusion Medicine) $M (2021, 2022)
- Roche Diagnostic
- Table 3-8: Roche Diagnostic Corporate Summary
- Figure 3-11: Roche Diagnostics Revenue by Product Group (Core Lab, Diabetes Care, Molecular, Pathology Lab, Point-of-Care), Full Year Results 2021, 2022, CHF MN
- Siemens Healthineers
- Table 3-9: Siemens Healthineers Corporate Summary
- Figure 3-12: Siemens Diagnostics Revenue, FY 2021 and FY 2022, € MN
- Sysmex Corporation
- Table 3-10: Sysmex Corporate Summary
- Figure 3-13: Sysmex Revenue by Product Segment (Clinical Chemistry, FCM, Hematology, Hemostasis, Immunochemistry, Urinalysis, Others), FY 2021, 2022 and 2023, JPY MN
- Thermo Fisher Scientific
- Table 3-11: Thermo Fisher Scientific Corporate Summary
- Figure 3-14: Thermo Fisher Scientific COVID-19 Response Revenue, 2021 and 2022, by Quarter $B
Chapter 4: New Opportunities
- Artificial Intelligence Future Trends
- At-Home Testing
- Multiplex Testing
- Telehealth
Samples
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Companies Mentioned
- Abbott
- Becton Dickinson
- bioMérieux SA
- Danaher Corporation
- Hologic Inc.
- QuidelOrtho Corporation
- Roche Diagnostics
- Siemens Healthineers
- Sysmex Corporation
- Thermo Fisher Scientific