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IVD In Cardiology And Neurology Market Size, Share & Trends Analysis Report By Product Type, By End Use, By Technology (Immunoassays, Molecular Diagnostics, Hematology, and Others), By Regional Outlook and Forecast, 2023 - 2030

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    Report

  • 241 Pages
  • March 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5953626
The Global IVD In Cardiology And Neurology Market size is expected to reach $29.9 billion by 2030, rising at a market growth of 9.3% CAGR during the forecast period.

North America is often at the forefront of technological advancements in healthcare. Consequently, the North America segment captured $6,288.5 million revenue in the market in 2022. In North America, the high incidence of chronic diseases (e.g., neurological disorders and cardiovascular conditions) increases the demand for diagnostic solutions. IVD tests are crucial in early detection, monitoring, and personalized treatment strategies. Thus, the segment will grow rapidly in the upcoming years.



The primary objective of public health campaigns and educational initiatives is to enhance public consciousness regarding the dangers and manifestations of neurological disorders and cardiovascular diseases (CVDs). Increased access to health information empowers individuals to be more proactive about their health. Informed patients are more likely to request diagnostic tests and screenings based on their understanding of risk elements and the importance of early detection.

Additionally, as the global population ages, there is a higher prevalence of age-related health conditions, including cardiovascular diseases and neurological disorders. According to a report published by the American College of Cardiology in April 2021, cardiovascular disease is Asia's leading cause of mortality. From 1990 to 2019, the number of cardiovascular-related fatalities in Asia increased from 5.6 million to 10.8 million. Moreover, as per Eurostat, in 2020, there were 194,000 deaths in the EU resulting from mental and behavioral disorders, equivalent to 3.7 % of all deaths.

However, the regulatory pathway for IVD tests in cardiology and neurology often involves intricate and prolonged approval processes. The costs and resources required to meet regulatory standards may divert attention and funds away from research and development efforts, hindering the introduction of cutting-edge technologies to address evolving diagnostic needs. The stringent regulatory environment can result in limited market access for certain players, especially those lacking the financial means to navigate the complex approval processes.

Moreover, the onset of the pandemic led to disruptions in routine healthcare services, affecting the adoption of IVD tests in cardiology and neurology. The limitations imposed by lockdowns and social distancing measures accelerated the adoption of telemedicine and remote patient monitoring. In cardiology, there was a notable increase in the use of home-based IVD tests to ensure continued patient care while minimizing in-person visits. Therefore, the COVID-19 pandemic positively impacted the market.

By Product Type Analysis

Based on product type, the market is segmented into instruments, reagents & consumables, and software & services. In 2022, the reagents and consumables segment garnered the 42.34% revenue share in the market. As the demand for diagnostic testing in cardiology and neurology rises, the need for reagents and consumables used in these tests tends to grow proportionately.

By End Use Analysis

Based on end-use, the market is divided into hospitals, clinical laboratories, and others. In 2022, the clinical laboratories segment witnessed a 26.70% revenue share in the market. The growing incidence of neurological and cardiovascular disorders has prompted a surge in need for diagnostic examinations.



By Technology Analysis

On the basis of technology, the market is divided into immunoassays, molecular diagnostics, hematology, and others. In 2022, the immunoassays segment witnessed the 38.08% revenue share in the market. Cardiology uses immunoassays to measure cardiac biomarkers such as troponins, creatine kinase-MB (CK-MB), and brain natriuretic peptide (BNP).

By Regional Analysis

By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the Europe segment acquired a 28.81% revenue share in the market. Cardiology IVD tests in Europe often focus on cardiac biomarkers, lipid profiles, and genetic testing for hereditary cardiovascular conditions.

List of Key Companies Profiled

  • Thermo Fisher Scientific, Inc.
  • F.Hoffmann-La Roche Ltd.
  • Sysmex Corporation
  • Siemens Healthineers AG (Siemens AG)
  • Quest Diagnostics Incorporated
  • Abbott Laboratories
  • Bio-Rad Laboratories, Inc.
  • Danaher Corporation (Beckman Coulter, Inc.)
  • Becton, Dickinson and Company
  • Natera, Inc.

Market Report Segmentation

By Product Type
  • Reagents & Consumables
  • Instruments
  • Software & Services
By End Use
  • Hospitals
  • Clinical Laboratories
  • Others
By Technology
  • Immunoassays
  • Molecular Diagnostics
  • Hematology
  • Others
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global IVD In Cardiology And Neurology Market, by Product Type
1.4.2 Global IVD In Cardiology And Neurology Market, by End Use
1.4.3 Global IVD In Cardiology And Neurology Market, by Technology
1.4.4 Global IVD In Cardiology And Neurology Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Global IVD In Cardiology And Neurology Market by Product Type
4.1 Global Reagents & Consumables Market by Region
4.2 Global Instruments Market by Region
4.3 Global Software & Services Market by Region
Chapter 5. Global IVD In Cardiology And Neurology Market by End-use
5.1 Global Hospitals Market by Region
5.2 Global Clinical Laboratories Market by Region
5.3 Global Others Market by Region
Chapter 6. Global IVD In Cardiology And Neurology Market by Technology
6.1 Global Immunoassays Market by Region
6.2 Global Molecular Diagnostics Market by Region
6.3 Global Hematology Market by Region
6.4 Global Others Market by Region
Chapter 7. Global IVD In Cardiology And Neurology Market by Region
7.1 North America IVD In Cardiology And Neurology Market
7.1.1 North America IVD In Cardiology And Neurology Market by Product Type
7.1.1.1 North America Reagents & Consumables Market by Country
7.1.1.2 North America Instruments Market by Country
7.1.1.3 North America Software & Services Market by Country
7.1.2 North America IVD In Cardiology And Neurology Market by End-use
7.1.2.1 North America Hospitals Market by Country
7.1.2.2 North America Clinical Laboratories Market by Country
7.1.2.3 North America Others Market by Country
7.1.3 North America IVD In Cardiology And Neurology Market by Technology
7.1.3.1 North America Immunoassays Market by Country
7.1.3.2 North America Molecular Diagnostics Market by Country
7.1.3.3 North America Hematology Market by Country
7.1.3.4 North America Others Market by Country
7.1.4 North America IVD In Cardiology And Neurology Market by Country
7.1.4.1 US IVD In Cardiology And Neurology Market
7.1.4.1.1 US IVD In Cardiology And Neurology Market by Product Type
7.1.4.1.2 US IVD In Cardiology And Neurology Market by End-use
7.1.4.1.3 US IVD In Cardiology And Neurology Market by Technology
7.1.4.2 Canada IVD In Cardiology And Neurology Market
7.1.4.2.1 Canada IVD In Cardiology And Neurology Market by Product Type
7.1.4.2.2 Canada IVD In Cardiology And Neurology Market by End-use
7.1.4.2.3 Canada IVD In Cardiology And Neurology Market by Technology
7.1.4.3 Mexico IVD In Cardiology And Neurology Market
7.1.4.3.1 Mexico IVD In Cardiology And Neurology Market by Product Type
7.1.4.3.2 Mexico IVD In Cardiology And Neurology Market by End-use
7.1.4.3.3 Mexico IVD In Cardiology And Neurology Market by Technology
7.1.4.4 Rest of North America IVD In Cardiology And Neurology Market
7.1.4.4.1 Rest of North America IVD In Cardiology And Neurology Market by Product Type
7.1.4.4.2 Rest of North America IVD In Cardiology And Neurology Market by End-use
7.1.4.4.3 Rest of North America IVD In Cardiology And Neurology Market by Technology
7.2 Europe IVD In Cardiology And Neurology Market
7.2.1 Europe IVD In Cardiology And Neurology Market by Product Type
7.2.1.1 Europe Reagents & Consumables Market by Country
7.2.1.2 Europe Instruments Market by Country
7.2.1.3 Europe Software & Services Market by Country
7.2.2 Europe IVD In Cardiology And Neurology Market by End-use
7.2.2.1 Europe Hospitals Market by Country
7.2.2.2 Europe Clinical Laboratories Market by Country
7.2.2.3 Europe Others Market by Country
7.2.3 Europe IVD In Cardiology And Neurology Market by Technology
7.2.3.1 Europe Immunoassays Market by Country
7.2.3.2 Europe Molecular Diagnostics Market by Country
7.2.3.3 Europe Hematology Market by Country
7.2.3.4 Europe Others Market by Country
7.2.4 Europe IVD In Cardiology And Neurology Market by Country
7.2.4.1 Germany IVD In Cardiology And Neurology Market
7.2.4.1.1 Germany IVD In Cardiology And Neurology Market by Product Type
7.2.4.1.2 Germany IVD In Cardiology And Neurology Market by End-use
7.2.4.1.3 Germany IVD In Cardiology And Neurology Market by Technology
7.2.4.2 UK IVD In Cardiology And Neurology Market
7.2.4.2.1 UK IVD In Cardiology And Neurology Market by Product Type
7.2.4.2.2 UK IVD In Cardiology And Neurology Market by End-use
7.2.4.2.3 UK IVD In Cardiology And Neurology Market by Technology
7.2.4.3 France IVD In Cardiology And Neurology Market
7.2.4.3.1 France IVD In Cardiology And Neurology Market by Product Type
7.2.4.3.2 France IVD In Cardiology And Neurology Market by End-use
7.2.4.3.3 France IVD In Cardiology And Neurology Market by Technology
7.2.4.4 Russia IVD In Cardiology And Neurology Market
7.2.4.4.1 Russia IVD In Cardiology And Neurology Market by Product Type
7.2.4.4.2 Russia IVD In Cardiology And Neurology Market by End-use
7.2.4.4.3 Russia IVD In Cardiology And Neurology Market by Technology
7.2.4.5 Spain IVD In Cardiology And Neurology Market
7.2.4.5.1 Spain IVD In Cardiology And Neurology Market by Product Type
7.2.4.5.2 Spain IVD In Cardiology And Neurology Market by End-use
7.2.4.5.3 Spain IVD In Cardiology And Neurology Market by Technology
7.2.4.6 Italy IVD In Cardiology And Neurology Market
7.2.4.6.1 Italy IVD In Cardiology And Neurology Market by Product Type
7.2.4.6.2 Italy IVD In Cardiology And Neurology Market by End-use
7.2.4.6.3 Italy IVD In Cardiology And Neurology Market by Technology
7.2.4.7 Rest of Europe IVD In Cardiology And Neurology Market
7.2.4.7.1 Rest of Europe IVD In Cardiology And Neurology Market by Product Type
7.2.4.7.2 Rest of Europe IVD In Cardiology And Neurology Market by End-use
7.2.4.7.3 Rest of Europe IVD In Cardiology And Neurology Market by Technology
7.3 Asia Pacific IVD In Cardiology And Neurology Market
7.3.1 Asia Pacific IVD In Cardiology And Neurology Market by Product Type
7.3.1.1 Asia Pacific Reagents & Consumables Market by Country
7.3.1.2 Asia Pacific Instruments Market by Country
7.3.1.3 Asia Pacific Software & Services Market by Country
7.3.2 Asia Pacific IVD In Cardiology And Neurology Market by End-use
7.3.2.1 Asia Pacific Hospitals Market by Country
7.3.2.2 Asia Pacific Clinical Laboratories Market by Country
7.3.2.3 Asia Pacific Others Market by Country
7.3.3 Asia Pacific IVD In Cardiology And Neurology Market by Technology
7.3.3.1 Asia Pacific Immunoassays Market by Country
7.3.3.2 Asia Pacific Molecular Diagnostics Market by Country
7.3.3.3 Asia Pacific Hematology Market by Country
7.3.3.4 Asia Pacific Others Market by Country
7.3.4 Asia Pacific IVD In Cardiology And Neurology Market by Country
7.3.4.1 China IVD In Cardiology And Neurology Market
7.3.4.1.1 China IVD In Cardiology And Neurology Market by Product Type
7.3.4.1.2 China IVD In Cardiology And Neurology Market by End-use
7.3.4.1.3 China IVD In Cardiology And Neurology Market by Technology
7.3.4.2 Japan IVD In Cardiology And Neurology Market
7.3.4.2.1 Japan IVD In Cardiology And Neurology Market by Product Type
7.3.4.2.2 Japan IVD In Cardiology And Neurology Market by End-use
7.3.4.2.3 Japan IVD In Cardiology And Neurology Market by Technology
7.3.4.3 India IVD In Cardiology And Neurology Market
7.3.4.3.1 India IVD In Cardiology And Neurology Market by Product Type
7.3.4.3.2 India IVD In Cardiology And Neurology Market by End-use
7.3.4.3.3 India IVD In Cardiology And Neurology Market by Technology
7.3.4.4 South Korea IVD In Cardiology And Neurology Market
7.3.4.4.1 South Korea IVD In Cardiology And Neurology Market by Product Type
7.3.4.4.2 South Korea IVD In Cardiology And Neurology Market by End-use
7.3.4.4.3 South Korea IVD In Cardiology And Neurology Market by Technology
7.3.4.5 Singapore IVD In Cardiology And Neurology Market
7.3.4.5.1 Singapore IVD In Cardiology And Neurology Market by Product Type
7.3.4.5.2 Singapore IVD In Cardiology And Neurology Market by End-use
7.3.4.5.3 Singapore IVD In Cardiology And Neurology Market by Technology
7.3.4.6 Malaysia IVD In Cardiology And Neurology Market
7.3.4.6.1 Malaysia IVD In Cardiology And Neurology Market by Product Type
7.3.4.6.2 Malaysia IVD In Cardiology And Neurology Market by End-use
7.3.4.6.3 Malaysia IVD In Cardiology And Neurology Market by Technology
7.3.4.7 Rest of Asia Pacific IVD In Cardiology And Neurology Market
7.3.4.7.1 Rest of Asia Pacific IVD In Cardiology And Neurology Market by Product Type
7.3.4.7.2 Rest of Asia Pacific IVD In Cardiology And Neurology Market by End-use
7.3.4.7.3 Rest of Asia Pacific IVD In Cardiology And Neurology Market by Technology
7.4 LAMEA IVD In Cardiology And Neurology Market
7.4.1 LAMEA IVD In Cardiology And Neurology Market by Product Type
7.4.1.1 LAMEA Reagents & Consumables Market by Country
7.4.1.2 LAMEA Instruments Market by Country
7.4.1.3 LAMEA Software & Services Market by Country
7.4.2 LAMEA IVD In Cardiology And Neurology Market by End-use
7.4.2.1 LAMEA Hospitals Market by Country
7.4.2.2 LAMEA Clinical Laboratories Market by Country
7.4.2.3 LAMEA Others Market by Country
7.4.3 LAMEA IVD In Cardiology And Neurology Market by Technology
7.4.3.1 LAMEA Immunoassays Market by Country
7.4.3.2 LAMEA Molecular Diagnostics Market by Country
7.4.3.3 LAMEA Hematology Market by Country
7.4.3.4 LAMEA Others Market by Country
7.4.4 LAMEA IVD In Cardiology And Neurology Market by Country
7.4.4.1 Brazil IVD In Cardiology And Neurology Market
7.4.4.1.1 Brazil IVD In Cardiology And Neurology Market by Product Type
7.4.4.1.2 Brazil IVD In Cardiology And Neurology Market by End-use
7.4.4.1.3 Brazil IVD In Cardiology And Neurology Market by Technology
7.4.4.2 Argentina IVD In Cardiology And Neurology Market
7.4.4.2.1 Argentina IVD In Cardiology And Neurology Market by Product Type
7.4.4.2.2 Argentina IVD In Cardiology And Neurology Market by End-use
7.4.4.2.3 Argentina IVD In Cardiology And Neurology Market by Technology
7.4.4.3 UAE IVD In Cardiology And Neurology Market
7.4.4.3.1 UAE IVD In Cardiology And Neurology Market by Product Type
7.4.4.3.2 UAE IVD In Cardiology And Neurology Market by End-use
7.4.4.3.3 UAE IVD In Cardiology And Neurology Market by Technology
7.4.4.4 Saudi Arabia IVD In Cardiology And Neurology Market
7.4.4.4.1 Saudi Arabia IVD In Cardiology And Neurology Market by Product Type
7.4.4.4.2 Saudi Arabia IVD In Cardiology And Neurology Market by End-use
7.4.4.4.3 Saudi Arabia IVD In Cardiology And Neurology Market by Technology
7.4.4.5 South Africa IVD In Cardiology And Neurology Market
7.4.4.5.1 South Africa IVD In Cardiology And Neurology Market by Product Type
7.4.4.5.2 South Africa IVD In Cardiology And Neurology Market by End-use
7.4.4.5.3 South Africa IVD In Cardiology And Neurology Market by Technology
7.4.4.6 Nigeria IVD In Cardiology And Neurology Market
7.4.4.6.1 Nigeria IVD In Cardiology And Neurology Market by Product Type
7.4.4.6.2 Nigeria IVD In Cardiology And Neurology Market by End-use
7.4.4.6.3 Nigeria IVD In Cardiology And Neurology Market by Technology
7.4.4.7 Rest of LAMEA IVD In Cardiology And Neurology Market
7.4.4.7.1 Rest of LAMEA IVD In Cardiology And Neurology Market by Product Type
7.4.4.7.2 Rest of LAMEA IVD In Cardiology And Neurology Market by End-use
7.4.4.7.3 Rest of LAMEA IVD In Cardiology And Neurology Market by Technology
Chapter 8. Company Profiles
8.1 Thermo Fisher Scientific, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.6 SWOT Analysis
8.2 F. Hoffmann-La Roche Ltd.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 SWOT Analysis
8.3 Sysmex Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Research & Development Expense
8.3.5 SWOT Analysis
8.4 Siemens Healthineers AG (Siemens AG)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.6 SWOT Analysis
8.5 Quest Diagnostics Incorporated
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Acquisition and Mergers:
8.5.5 SWOT Analysis
8.6 Abbott Laboratories
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Bio-Rad laboratories, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 SWOT Analysis
8.8 Danaher Corporation (Beckman Coulter)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 SWOT Analysis
8.9 Becton, Dickinson, and Company
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 SWOT Analysis
8.10. Natera Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 SWOT Analysis
Chapter 9. Winning Imperatives of IVD In Cardiology And Neurology Market

Companies Mentioned

  • Thermo Fisher Scientific, Inc.
  • F. Hoffmann-La Roche Ltd.
  • Sysmex Corporation
  • Siemens Healthineers AG (Siemens AG)
  • Quest Diagnostics Incorporated
  • Abbott Laboratories
  • Bio-Rad Laboratories, Inc.
  • Danaher Corporation (Beckman Coulter, Inc.)
  • Becton, Dickinson and Company
  • Natera, Inc.

Methodology

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