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Key Market Dynamics
The in-vitro diagnostics instruments market is attributed to growing geriatric population and demand for personalized medicine. The prevalence of diseases, such as lung disease, cancer, and stroke, is high among the aging population. There is a direct relationship between aging and the susceptibility to infections, as the immune system deteriorates with age. The rise in the aging population has also resulted in increased expenditure on healthcare for health check-ups, disease diagnosis, and treatment. The elderly population requires diagnostic testing regularly due to their low immunity and metabolism. These factors have increased the demand for in-vitro diagnostics instruments, as these instruments assist in disease diagnosis.
However, reimbursement policies for diagnostic testing are not constant across various geographies, and they are moving in a downward trend. Hospitals and diagnostic laboratories that are the primary end-users are forced to reduce their expenditure on in-vitro diagnostics instruments to have either break even or profitable revenue. The US has similar situations for in-vitro diagnostics instruments, and a reduction of reimbursement by Medicare may limit the demand for certain diagnostic testing across all segments. This has, in turn, affected the sales of new instruments for in-vitro diagnostics testing.
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Top In-vitro Diagnostics Instruments Companies:
- 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 of microbial presence, grow and identify organisms, and test for antibiotic susceptibility.
- bioMerieux SA: The company offers in-vitro diagnostics instruments for laboratory optimization.
- Danaher Corp. : The company offers in-vitro diagnostics instruments namely DxH 900, DxH 900 connected workcell, DxH sildemaker stainer, DxH 690T, and Others.
- F. Hoffmann-La Roche Ltd.: The company offers in-vitro diagnostics instruments for patient self testing, care testing, and next generation sequencing
- HORIBA Ltd.: The company offers in-vitro diagnostics instruments such as blood analysers, middleware/work ststion, tracking system and others.
- Siemens AG: The company offers in-vitro diagnostics instruments integrated with artificial intelligence and deep learning technology to reduce the failure rate of automated in vitro diagnostics.
- Sysmex Corp.: The company offers in-vitro diagnostics instruments to detect medical indications in physiology, pathology, and and human homeostasis.
- Thermo Fisher Scientific Inc.: The company offers in-vitro diagnostics instruments namely Phadia, Endura MD, and Indiko.
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In-vitro Diagnostics Instruments Market Product Outlook (Revenue, USD bn, 2020-2025)
- Immunochemistry - size and forecast 2020-2025
- Clinical microbiology - size and forecast 2020-2025
- Molecular diagnostics - size and forecast 2020-2025
- Others - size and forecast 2020-2025
The immunochemistry product segment held the largest market share in 2020. The segment will continue to account for the largest share throughout the forecast period. This segment is the highly automated segment of clinical laboratories and represents the greatest test volume compared with the other types of testing.
In-vitro Diagnostics Instruments Market Geography Outlook (Revenue, USD bn, 2020-2025)
- North America - size and forecast 2020-2025
- Europe - size and forecast 2020-2025
- Asia - size and forecast 2020-2025
- ROW - size and forecast 2020-2025
35% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for in-vitro diagnostics instruments in North America. The growing aging population and the high prevalence of chronic and infectious diseases will fuel the in-vitro diagnostics instruments market growth in North America over the forecast period.
In-vitro Diagnostics Instruments Market End-user Outlook (Revenue, USD bn, 2020-2025)
- Hospitals and diagnostic laboratories - size and forecast 2020-2025
- Academic and research institutes - size and forecast 2020-2025
- Home care - size and forecast 2020-2025
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Related Reports:
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In-vitro Diagnostics Market by Technology and Geography - Forecast and Analysis 2021-2025
In-vitro Diagnostics Instruments Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.95% |
Market growth 2021-2025 |
$ 23.00 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.23 |
Regional analysis |
North America, Europe, Asia, and ROW |
Performing market contribution |
North America at 35% |
Key consumer countries |
US, China, Germany, Canada, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
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. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content
1. Executive Summary
2. In-vitro Diagnostics Instruments Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
2.2: Market Characteristics
2.2 Value chain analysis
Exhibit 03: Value chain analysis: Healthcare equipment market
2.2.1 Research and development
2.2.2 Inputs
2.2.3 Operations
2.2.4 Distribution
2.2.5 Marketing and sales
2.2.6 Post-sales and services
2.2.7 Industry innovations
3. In-vitro Diagnostics Instruments Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
3.4.1 Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition - Five forces 2020
5. In-vitro Diagnostics Instruments Market Segmentation by Product
5.1 Market segments
The segments covered in this chapter are:
Immunochemistry
Clinical microbiology
Molecular diagnostics
Others
Exhibit 15: Product - Market share 2020-2025 (%)
5.2 Comparison by Product
Exhibit 16: Comparison by Product
5.3 Immunochemistry - Market size and forecast 2020-2025
Exhibit 17: Immunochemistry - Market size and forecast 2020-2025 ($ million)
Exhibit 18: Immunochemistry - Year-over-year growth 2020-2025 (%)
5.4 Clinical microbiology - Market size and forecast 2020-2025
Exhibit 19: Clinical microbiology - Market size and forecast 2020-2025 ($ million)
Exhibit 20: Clinical microbiology - Year-over-year growth 2020-2025 (%)
5.5 Molecular diagnostics - Market size and forecast 2020-2025
Exhibit 21: Molecular Diagnostics - Market size and forecast 2020-2025 ($ million)
Exhibit 22: Molecular diagnostics - Year-over-year growth 2020-2025 (%)
5.6 Others - Market size and forecast 2020-2025
Exhibit 23: Others - Market size and forecast 2020-2025 ($ million)
Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
5.7 Market opportunity by Product
Exhibit 25: Market opportunity by Product
6. In-vitro Diagnostics Instruments Market Segmentation by End-user
6.1 Market segments
Exhibit 26: End-user - Market share 2020-2025 (%)
6.2 Comparison by End-user
Exhibit 27: Comparison by End-user
6.3 Hospitals and diagnostic laboratories - Market size and forecast 2020-2025
Exhibit 28: Hospitals and diagnostic laboratories - Market size and forecast 2020-2025 ($ million)
Exhibit 29: Hospitals and diagnostic laboratories - Year-over-year growth 2020-2025 (%)
6.4 Academic and research institutes - Market size and forecast 2020-2025
Exhibit 30: Academic and research institutes - Market size and forecast 2020-2025 ($ million)
Exhibit 31: Academic and research institutes - Year-over-year growth 2020-2025 (%)
6.5 Home care - Market size and forecast 2020-2025
Exhibit 32: Home care - Market size and forecast 2020-2025 ($ million)
Exhibit 33: Home care - Year-over-year growth 2020-2025 (%)
6.6 Market opportunity by End-user
Exhibit 34: Market opportunity by End-user
7. Customer landscape
Exhibit 35: Customer landscape
8. Geographic Landscape
8.1 Geographic segmentation
Exhibit 36: Market share by geography 2020-2025 (%)
8.2 Geographic comparison
Exhibit 37: Geographic comparison
8.3 North America - Market size and forecast 2020-2025
Exhibit 38: North America - Market size and forecast 2020-2025 ($ million
Exhibit 39: North America - Year-over-year growth 2020-2025 (%)
8.4 Europe - Market size and forecast 2020-2025
Exhibit 40: Europe - Market size and forecast 2020-2025 ($ million)
Exhibit 41: Europe - Year-over-year growth 2020-2025 (%)
8.5 Asia - Market size and forecast 2020-2025
Exhibit 42: Asia - Market size and forecast 2020-2025 ($ million)
Exhibit 43: Asia - Year-over-year growth 2020-2025 (%)
8.6 ROW - Market size and forecast 2020-2025
Exhibit 44: ROW - Market size and forecast 2020-2025 ($ million)
Exhibit 45: ROW - Year-over-year growth 2020-2025 (%)
8.7 Key leading countries
Exhibit 46: Key leading countries
8.8 Market opportunity by geography
Exhibit 47: Market opportunity by geography
9. Drivers, Challenges, and Trends
9.1 Market drivers
9.1.1 Growing geriatric population
9.1.2 Demand for personalized medicine
9.1.3 Product launches
9.2 Market challenges
9.2.1 Strained laboratory budgets and lowering reimbursements affecting instrument sales
9.2.2 Limited sustainability of smaller vendors
9.2.3 Reduction in profits of manufacturers due to US medical device tax policies
9.2.4 Limitations of closed systems in in-vitro diagnostics testing
Exhibit 48: Impact of drivers and challenges
9.3 Market trends
9.3.1 Potential opportunities for POL
9.3.2 Leasing of in-vitro diagnostics instruments
9.3.3 Growing importance for promotional activities
9.3.4 Technological advances in in-vitro diagnostics
10. Vendor Landscape
10.1 Competitive scenario
10.2 Vendor landscape
Exhibit 40: Vendor Landscape
10.3 Landscape disruption
Exhibit 41: Landscape disruption
10.4 Industry risks
Exhibit 42: Industry risks
11. Vendor Analysis
11.1 Vendors covered
Exhibit 43: Vendors covered
11.2 Market positioning of vendors
Exhibit 53: Market positioning of vendors
11.3 Abbott Laboratories
Exhibit 54: Abbott Laboratories - Overview
Exhibit 55: Abbott Laboratories - Business segments
Exhibit 56: Abbott Laboratories - Key offerings
Exhibit 57: Abbott Laboratories - Segment focus
11.4 Becton Dickinson and Co.
Exhibit 58: Becton Dickinson and Co. - Overview
Exhibit 59: Becton Dickinson and Co. - Business segments
Exhibit 60: Becton Dickinson and Co. - Key News
Exhibit 61: Becton Dickinson and Co. - Key offerings
Exhibit 62: Becton Dickinson and Co. - Segment focus
11.5 Bio Rad Laboratories Inc.
Exhibit 63: Bio Rad Laboratories Inc. - Overview
Exhibit 64: Bio Rad Laboratories Inc. - Business segments
Exhibit 65: Bio Rad Laboratories Inc. - Key News
Exhibit 66: Bio Rad Laboratories Inc. - Key offerings
Exhibit 67: Bio Rad Laboratories Inc. - Segment focus
11.6 bioMerieux SA
Exhibit 68: bioMerieux SA - Overview
Exhibit 69: bioMerieux SA - Business segments
Exhibit 70: bioMerieux SA - Key offerings
Exhibit 71: bioMerieux SA - Segment focus
11.7 Danaher Corp.
Exhibit 72: Danaher Corp. - Overview
Exhibit 73: Danaher Corp. - Business segments
Exhibit 74: Danaher Corp. - Key News
Exhibit 75: Danaher Corp. - Key offerings
Exhibit 76: Danaher Corp. - Segment focus
11.8 F. Hoffmann-La Roche Ltd.
Exhibit 77: F. Hoffmann-La Roche Ltd. - Overview
Exhibit 78: F. Hoffmann-La Roche Ltd. - Business segments
Exhibit 79: F. Hoffmann-La Roche Ltd. - Key News
Exhibit 80: F. Hoffmann-La Roche Ltd. - Key offerings
Exhibit 81: F. Hoffmann-La Roche Ltd. - Segment focus
11.9 HORIBA Ltd.
Exhibit 82: HORIBA Ltd. - Overview
Exhibit 83: HORIBA Ltd. - Business segments
Exhibit 84: HORIBA Ltd. - Key offerings
Exhibit 85: HORIBA Ltd. - Segment focus
11.10 Siemens AG
Exhibit 86: Siemens AG - Overview
Exhibit 87: Siemens AG - Business segments
Exhibit 88: Siemens AG - Key News
Exhibit 89: Siemens AG - Key offerings
Exhibit 90: Siemens AG - Segment focus
11.11 Sysmex Corp.
Exhibit 91: Sysmex Corp. - Overview
Exhibit 92: Sysmex Corp. - Business segments
Exhibit 93: Sysmex Corp. - Key offerings
Exhibit 94: Sysmex Corp. - Segment focus
11.12 Thermo Fisher Scientific Inc.
Exhibit 95: Thermo Fisher Scientific Inc. - Overview
Exhibit 96: Thermo Fisher Scientific Inc. - Business segments
Exhibit 97: Thermo Fisher Scientific Inc. - Key News
Exhibit 98: Thermo Fisher Scientific Inc. - Key offerings
Exhibit 99: Thermo Fisher Scientific Inc. - Segment focus
12. Appendix
12.1 Scope of the report
12.1.1 Market definition
12.1.2 Objectives
12.1.3 Notes and caveats
12.2 Currency conversion rates for US$
Exhibit 82: Currency conversion rates for US$
12.3 Research Methodology
Exhibit 83: Research Methodology
Exhibit 84: Validation techniques employed for market sizing
Exhibit 85: Information sources
12.4 List of abbreviations
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