Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 84.74 Billion

CAGR (2024-2029)

8.21%

Fastest Growing Segment

Molecular Diagnostics

Largest Market

     North America

Market Size (2029)

USD 135.46 Billion


Market Overview

Global Next-Generation In-vitro Diagnostics Market was valued at USD 84.74 Billion in 2023 and is anticipated to project steady growth in the forecast period with a CAGR of 8.21% through 2029. IVDs, or Next-Generation In-Vitro Diagnostics, are cutting-edge and innovative diagnostic technologies that are used for non-invasive diagnostic testing. These advanced diagnostic tools are a major development in the field of diagnostics, providing improved precision, effectiveness, and dependability in the detection and monitoring of a variety of diseases and conditions. The growth is further augmented by increasing investment and development to innovate products and explore new applications of next generation IVD techniques. The industrial implications for the development of emerging economies in developing countries, are significant for the next generation in vitro diagnostics market. These regions are facing a growing demand for better healthcare systems, better access to quality diagnostics and the adoption of cutting-edge technologies to treat diseases. The regulatory landscape and reimbursement policies play a significant role in the development and uptake of next generation IVD technologies around the world. Providing favorable regulations and reimbursement structures that enable the smooth integration of IVD technologies into the standard of care can significantly increase market growth.

Key Market Drivers

Technological Advancements in Next-Generation In-vitro Diagnostics

IVD has undergone a significant transformation due to the development of cutting-edge technologies, such as genomics, proteomics, and molecular diagnostic techniques. These advances, including NGS (Next Generation Sequencing), digital PCR (PCR), and other pioneering technologies, have significantly improved the accuracy, sensitivity, and effectiveness of diagnostic testing. Molecular diagnostic techniques were becoming progressively advanced, enabling the detection of DNA and RNA for the purpose of diagnosing infections, genetic diseases, and various malignancies. NGS (Next Generation Sequencing) technology has revolutionized the field of genetic testing, allowing for rapid and accurate sequencing of both DNA and RNA. This technology has enabled the analysis of intricate genetic variations, as well as providing valuable information for the development of personalized medicine and the profiling of cancer. The utilization of IVD technologies, such as Wearable Devices (WFDs) and Home Testing Kits (HTKs), allows for the remote monitoring of patient health conditions. This allows for the continuous monitoring of chronic conditions and facilitates the remote management of disease. Patients can monitor their health parameters and transfer data to healthcare providers to initiate timely interventions and modify treatment plans. Liquid biopsy techniques have advanced to the point where they can be used to detect circulating tumor cells in blood samples without the need for an invasive procedure, as well as other biomarkers that can provide valuable information for the diagnosis and monitoring of cancer. Biosensors and nanotechnologies have enabled the development of diagnostic tools that are highly sensitive and precise, allowing for the early detection and quantification of biomarkers. Improvements in data interchangeability and connectivity standards enabled IVD devices to be seamlessly integrated into healthcare information systems, thereby improving data interchange and patient care coordination. To sum up, in vitro diagnostics is revolutionizing the healthcare system by increasing precision and accuracy, early detection, personalized medicine, remote and point of care testing, data driven healthcare, streamlining workflow, remote monitoring, and disease management. These innovations have the potential to improve patient outcomes, improve resource efficiency, and revolutionize healthcare delivery. This factor will pace up the demand of Global Next Generation In-vitro Diagnostics Market.

Rising Demand of Point-of-Care Testing

POCT (point-of-care testing) is an essential element of IVD diagnostics. POCT refers to diagnostic tests conducted at or near the patient's point of care, such as a physician's office, a clinic, or the patient's bedside, as opposed to samples being sent to a laboratory for analysis. POCT offers several advantages, one of which is its ability to provide results in real-time, often in as little as a few minutes. This expedited response allows healthcare professionals to make timely treatment decisions and enhance patient care. With fast and local testing, POCT makes it easier to spot and diagnose illnesses early, so you can get treatment as soon as possible and see better results for your patients. POCT allows healthcare professionals to always keep an eye on patient’s health, which makes it especially useful for chronic disease treatment and therapeutic monitoring. POCT eliminates the need to send samples to a remote laboratory and wait for the results, thus reducing the likelihood of sample degradation and diagnostic delays. POCT devices are typically easy to use and require minimal instruction, making the testing process easier for healthcare professionals. POCT devices may incur higher initial out-of-pocket expenses, however, the overall cost effectiveness of such tests can be considerable, particularly when considering the reduction of hospital stays and improved use of resources. POCT can be useful in cases like an outbreak of an infectious disease, as it can help quickly identify who is at risk and put in place the right measures to keep them safe. This factor will accelerate the demand of Global Next Generation In-vitro Diagnostics Market.

Growing Prevalence of Chronic Diseases

Chronic diseases have been on the rise for the past several decades and remain a major global health issue. These chronic conditions, also referred to as NCDs (non-communicable diseases), are characterized by a slow progression of symptoms and are usually caused by complex underlying conditions. Common types of NCDs include cardiovascular disease (heart disease, stroke, diabetes, cancer), chronic respiratory disease (such as COPD) and obesity. According to American Cancer Society, around 19.3 million people were diagnosed with cancer in 2020, and nearly 10.0 million people died of it around the World. Breast cancer is now the most common type of cancer, with over 2.3 million people diagnosed each year. Lung cancer is second with 11.7%, followed by colorectal with 10.0%, prostate with 7.3%, and stomach with 5.6%. Chronic diseases are caused by a variety of factors, but the most common are poor diet, poor physical activity, tobacco consumption, and excessive consumption of alcohol. Unfortunately, these lifestyle choices are common in many countries and contribute to the onset of chronic diseases such as obesity, diabetes, and cardiovascular disease. Urbanization has been associated with a decrease in physical activity and an increase in reliance on motorized transportation, both of which have been linked to an increased risk of chronic diseases. Chronic diseases can be caused by a variety of environmental factors, including atmospheric pollution, exposure to toxic substances, and certain workplace risks. Certain chronic diseases may be caused by genetic factors, and those with a familial history of certain diseases may be more susceptible to developing them. This factor will help in the growth of Global Next-Generation In-vitro Diagnostics Market.

Demand for Early & Accurate Disease Diagnosis

The demand for early and accurate disease diagnosis is driving an increase in the global demand for next-generation in-vitro diagnostics (IVD). Timely and precise diagnosis is crucial for effective disease management, enabling healthcare providers to initiate appropriate treatments promptly and monitor patient response. Next-generation IVD technologies offer significant advancements over traditional diagnostic methods, providing greater sensitivity, specificity, and speed in detecting a wide range of diseases and conditions. These innovative diagnostics encompass various platforms, including molecular diagnostics, immunoassays, and point-of-care testing, each offering unique advantages in terms of versatility, automation, and portability. Next-generation IVDs facilitate the detection of biomarkers and genetic markers associated with specific diseases, enabling personalized and targeted therapies. As healthcare systems worldwide increasingly prioritize early disease detection and intervention to improve patient outcomes and reduce healthcare costs, the demand for next-generation IVDs continues to grow. Pharmaceutical companies, diagnostic manufacturers, and research institutions are investing in the development of innovative diagnostic technologies to meet this demand, driving market expansion and technological innovation in the field of in-vitro diagnostics. The rising demand for early and accurate disease diagnosis underscores the critical role of next-generation IVDs in advancing healthcare delivery and improving patient care globally.




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Key Market Challenges

High Development Costs

The high development costs associated with next-generation in-vitro diagnostics (IVD) are contributing to a decrease in demand globally. Developing innovative diagnostic technologies requires substantial investment in research, development, regulatory approval, and commercialization. The complex nature of next-generation IVD platforms, coupled with stringent regulatory requirements and the need for extensive clinical validation, results in significant upfront costs and prolonged development timelines. These high development costs pose a barrier to entry for smaller companies and startups, limiting the diversity of players in the market and constraining competition. The high cost of next-generation IVD technologies may deter healthcare providers and institutions from adopting these advanced diagnostics, particularly in resource-limited settings where budget constraints are more pronounced. Consequently, the limited accessibility and affordability of next-generation IVD platforms hinder their widespread adoption and utilization, diminishing overall demand. Despite their potential to improve patient outcomes and healthcare delivery, the high development costs associated with next-generation IVD technologies present a challenge to market growth and innovation in the field. Addressing these cost barriers through collaborative funding initiatives, streamlined regulatory pathways, and innovative financing models is essential to stimulate demand and drive the advancement of next-generation in-vitro diagnostics on a global scale.

Complexity of Integration

The complexity of integration poses a significant challenge to the widespread adoption of next-generation in-vitro diagnostics (IVD) globally, thereby decreasing demand. Next-generation IVD technologies often involve intricate systems and platforms that require seamless integration with existing healthcare infrastructures, including laboratory information systems (LIS), electronic health records (EHR), and hospital networks. However, the integration process can be complex and time-consuming, involving compatibility issues, data interoperability challenges, and customization requirements tailored to specific healthcare settings. The deployment of next-generation IVD systems may necessitate extensive training for healthcare personnel to effectively operate and interpret results, further adding to the complexity of implementation. These integration challenges present barriers to adoption for healthcare providers, particularly in resource-constrained settings where infrastructure and technical expertise may be limited. Consequently, the perceived complexity of integration hinders the uptake of next-generation IVD technologies, diminishing demand globally. Addressing these integration challenges requires collaborative efforts between technology developers, healthcare providers, and regulatory agencies to streamline interoperability standards, enhance user-friendly interfaces, and provide comprehensive training and support. By mitigating the complexity of integration, stakeholders can accelerate the adoption of next-generation in-vitro diagnostics, unlocking their full potential to improve patient care and healthcare delivery worldwide.

Key Market Trends

The global increase in healthcare expenditure is significantly boosting the demand for next-generation in-vitro diagnostics (IVD) technologies. As healthcare systems worldwide allocate more resources to improve patient care and enhance healthcare outcomes, there is a growing recognition of the critical role that advanced diagnostics play in achieving these objectives. Next-generation IVD technologies offer several advantages over traditional diagnostic methods, including greater accuracy, speed, and efficiency in detecting diseases and guiding treatment decisions. These innovations empower healthcare providers to deliver more personalized and targeted care, optimizing patient outcomes while minimizing healthcare costs associated with misdiagnosis, ineffective treatments, and prolonged hospital stays. The rising prevalence of chronic diseases, aging populations, and infectious outbreaks underscores the need for robust diagnostic solutions capable of rapidly and accurately identifying a diverse range of medical conditions. Consequently, healthcare stakeholders are increasingly investing in next-generation IVD platforms, driving market growth and technological innovation in the field. Pharmaceutical companies, diagnostic manufacturers, and research institutions are collaborating to develop novel diagnostic assays, platforms, and technologies to meet the growing demand for advanced diagnostic solutions. Overall, the surge in healthcare expenditure globally is fueling the demand for next-generation in-vitro diagnostics, reshaping healthcare delivery and paving the way for more effective and efficient patient care.

Strategic Collaborations & Mergers Within the Industry

The increase in strategic collaborations and mergers within the healthcare industry is playing a significant role in driving up the demand for next-generation in-vitro diagnostics (IVD) globally. Collaborations between pharmaceutical companies, diagnostic manufacturers, research institutions, and technology firms are fostering synergies that accelerate innovation and drive the development of advanced diagnostic solutions. These partnerships enable the pooling of resources, expertise, and technology platforms, facilitating the rapid development and commercialization of next-generation IVD technologies. Strategic mergers and acquisitions within the industry are leading to the consolidation of key players, creating economies of scale and enhancing market reach. As a result, companies are better positioned to invest in research and development, expand their product portfolios, and address emerging market needs. Strategic collaborations and mergers enable companies to leverage complementary capabilities and access new markets, driving market growth and increasing the adoption of next-generation IVD technologies worldwide. The trend towards increased collaboration and consolidation within the healthcare industry is fueling demand for advanced diagnostic solutions, reshaping the landscape of in-vitro diagnostics, and driving innovation to address unmet medical needs globally.

Segmental Insights

Type Insights

Based on Type, Molecular Diagnostics have emerged as fastest growing segment in the Global Next-Generation In-vitro Diagnostics Market in 2023. With its high sensitivity and accuracy, coupled with the ability to detect and quantify multiple diseases, molecular diagnostics are revolutionizing personalized medicine and transforming the way we manage a plethora of health conditions. This segment's dominance is driven by continuous technological advancements, which have further enhanced the capabilities of these diagnostic tools. The increased prevalence of infectious and chronic diseases has amplified the need for accurate and timely disease detection. The growing demand for precision medicine, which focuses on tailoring medical treatments based on an individual's unique genetic makeup, has further propelled the adoption of molecular diagnostics. As a result, this innovative approach to diagnostics is paving the way for more targeted and effective healthcare interventions, ultimately improving patient outcomes and quality of life.

Product Insights

Based on Product, Consumables have emerged as the dominating segment in the Global Next-Generation In-vitro Diagnostics Market in 2023. This dominance can be attributed to the recurring and indispensable need for various disposables, such as reagents, test strips, and other assay kits, that are integral to IVD procedures. The demand for consumables is sustained by the high volume of routine testing performed in healthcare settings, as well as the continuous emergence of new test reagents and the necessity to maintain an adequate stock for potential disease outbreaks.




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Regional Insights

Based on Region, North America have emerged as the dominating region in the Global Next-Generation In-vitro Diagnostics Market in 2023. This can be attributed to several key factors. The region boasts a robust and advanced healthcare infrastructure, facilitating the seamless adoption and integration of innovative diagnostic technologies. North America is home to key market players who are at the forefront of driving advancements in diagnostics. These players bring extensive expertise and resources to propel the market forward. Ongoing investments in research and development within the biotechnology and healthcare sectors further contribute to the region's leadership in next-generation in-vitro diagnostics. There is a growing patient awareness about the benefits of early diagnosis and personalized medicine, which is fueling the demand for advanced diagnostic solutions in this region. Collectively, these factors position North America as a frontrunner in the global market, setting the stage for continued growth and advancements in next-generation in-vitro diagnostics.

Recent Developments

  • In November 2023, Roche introduced its next-generation qPCR system to enhance clinical capabilities in molecular diagnostics and tackle public health challenges. The LightCycler PRO System is engineered to be the most advanced qPCR technology available for both clinical diagnostics and research. This innovative system will advance personalized healthcare and bolster outbreak readiness by providing agility and flexibility for translational research and diagnostics.

Key Market Players

  • Thermo Fisher Scientific Inc.
  • Becton, Dickinson, and Company
  • Qiagen GmbH
  • Illumina Inc.
  • Beckman Coulter, Inc.
  • Invivoscribe, Inc.
  • Sysmex Corporation
  • bioMérieux SA
  • VWR International, LLC.
  • Danaher Corporation

By Type

By Product

By Application

By End User

By Region

  • Core Laboratory Diagnostics
  • PoC Testing
  • Molecular Diagnostics
  • Others
  • Consumables
  • Instruments
  • Software
  • Oncology/Cancer
  • Infectious Diseases
  • Diabetes
  • Cardiology
  • Others
  • Hospitals & Clinics
  • Diagnostic Laboratories
  • Academic And Research Institutions
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa


Report Scope:

In this report, the Global Next-Generation In-vitro Diagnostics Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Next-Generation In-vitro Diagnostics Market, By Type:

o Core Laboratory Diagnostics

o POC Testing

o Molecular Diagnostics

o Others

  • Next-Generation In-vitro Diagnostics Market, By Product:

o Consumables

o Instruments

o Software

  • Next-Generation In-vitro Diagnostics Market, By Application:

o Oncology/Cancer

o Infectious Diseases

o Diabetes

o Cardiology

o Others

  • Next-Generation In-vitro Diagnostics Market, By End User:

o Hospitals & Clinics

o Diagnostic Laboratories

o Academic And Research Institutions

o Others

  • Next-Generation In-vitro Diagnostics Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

o Asia Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Next-Generation In-vitro Diagnostics Market.

Available Customizations:

Global Next-Generation In-vitro Diagnostics Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Next-Generation In-vitro Diagnostics Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validations

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Next-Generation In-vitro Diagnostics Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type (Core Laboratory Diagnostics, POC Testing, Molecular Diagnostics, Others)

5.2.2.    By Product (Consumables, Instruments, Software)

5.2.3.    By Application (Oncology/Cancer, Infectious Diseases, Diabetes, Cardiology, Others)

5.2.4.    By End User (Hospitals & Clinics, Diagnostic Laboratories, Academic and Research Institutions, Others)

5.2.5.    By Region

5.2.6.    By Company (2023)

5.3.  Market Map

6.    North America Next-Generation In-vitro Diagnostics Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type

6.2.2.    By Product

6.2.3.    By Application

6.2.4.    By End User

6.2.5.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Next-Generation In-vitro Diagnostics Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Type

6.3.1.2.2.           By Product

6.3.1.2.3.           By Application

6.3.1.2.4.           By End User

6.3.2.    Canada Next-Generation In-vitro Diagnostics Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Type

6.3.2.2.2.           By Product

6.3.2.2.3.           By Application

6.3.2.2.4.           By End User

6.3.3.    Mexico Next-Generation In-vitro Diagnostics Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Type

6.3.3.2.2.           By Product

6.3.3.2.3.           By Application

6.3.3.2.4.           By End User

7.    Europe Next-Generation In-vitro Diagnostics Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Product

7.2.3.    By Application

7.2.4.    By End User

7.2.5.    By Country

7.3.  Europe: Country Analysis

7.3.1.    France Next-Generation In-vitro Diagnostics Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type

7.3.1.2.2.           By Product

7.3.1.2.3.           By Application

7.3.1.2.4.           By End User

7.3.2.    Germany Next-Generation In-vitro Diagnostics Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type

7.3.2.2.2.           By Product

7.3.2.2.3.           By Application

7.3.2.2.4.           By End User

7.3.3.    United Kingdom Next-Generation In-vitro Diagnostics Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type

7.3.3.2.2.           By Product

7.3.3.2.3.           By Application

7.3.3.2.4.           By End User

7.3.4.    Italy Next-Generation In-vitro Diagnostics Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Type

7.3.4.2.2.           By Product

7.3.4.2.3.           By Application

7.3.4.2.4.           By End User

7.3.5.    Spain Next-Generation In-vitro Diagnostics Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Type

7.3.5.2.2.           By Product

7.3.5.2.3.           By Application

7.3.5.2.4.           By End User

8.    Asia Pacific Next-Generation In-vitro Diagnostics Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Product

8.2.3.    By Application

8.2.4.    By End User

8.2.5.    By Country

8.3.  Asia Pacific: Country Analysis

8.3.1.    India Next-Generation In-vitro Diagnostics Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type

8.3.1.2.2.           By Product

8.3.1.2.3.           By Application

8.3.1.2.4.           By End User

8.3.2.    Japan Next-Generation In-vitro Diagnostics Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type

8.3.2.2.2.           By Product

8.3.2.2.3.           By Application

8.3.2.2.4.           By End User

8.3.3.    South Korea Next-Generation In-vitro Diagnostics Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type

8.3.3.2.2.           By Product

8.3.3.2.3.           By Application

8.3.3.2.4.           By End User

8.3.4.    Australia Next-Generation In-vitro Diagnostics Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Type

8.3.4.2.2.           By Product

8.3.4.2.3.           By Application

8.3.4.2.4.           By End User

8.3.5.    South Korea Next-Generation In-vitro Diagnostics Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Type

8.3.5.2.2.           By Product

8.3.5.2.3.           By Application

8.3.5.2.4.           By End User

9.    South America Next-Generation In-vitro Diagnostics Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Product

9.2.3.    By Application

9.2.4.    By End User

9.2.5.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Next-Generation In-vitro Diagnostics Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type

9.3.1.2.2.           By Product

9.3.1.2.3.           By Application

9.3.1.2.4.           By End User

9.3.2.    Colombia Next-Generation In-vitro Diagnostics Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type

9.3.2.2.2.           By Product

9.3.2.2.3.           By Application

9.3.2.2.4.           By End User

9.3.3.    Argentina Next-Generation In-vitro Diagnostics Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type

9.3.3.2.2.           By Product

9.3.3.2.3.           By Application

9.3.3.2.4.           By End User

10. Middle East and Africa Next-Generation In-vitro Diagnostics Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By Product

10.2.3. By Application

10.2.4. By End User

10.2.5. By Country

10.3.             MEA: Country Analysis

10.3.1. South Africa Next-Generation In-vitro Diagnostics Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type

10.3.1.2.2.         By Product

10.3.1.2.3.         By Application

10.3.1.2.4.         By End User

10.3.2. Saudi Arabia Next-Generation In-vitro Diagnostics Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type

10.3.2.2.2.         By Product

10.3.2.2.3.         By Application

10.3.2.2.4.         By End User

10.3.3. UAE Next-Generation In-vitro Diagnostics Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type

10.3.3.2.2.         By Product

10.3.3.2.3.         By Application

10.3.3.2.4.         By End User

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Market Trends & Developments

12.1.             Recent Development

12.2.             Mergers & Acquisitions

12.3.             Product Launches

13. Global Next-Generation In-vitro Diagnostics Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1.             Competition in the Industry

14.2.             Potential of New Entrants

14.3.             Power of Suppliers

14.4.             Power of Customers

14.5.             Threat of Substitute Products

15. Competitive Landscape

15.1.             Thermo Fisher Scientific Inc.

15.1.1. Business Overview

15.1.2. Company Snapshot

15.1.3. Products & Services

15.1.4. Financials (As Reported)

15.1.5. Recent Developments

15.1.6. Key Personnel Details

15.1.7. SWOT Analysis

15.2.  Becton, Dickinson, and Company

15.3.  Qiagen GmbH

15.4.  Illumina Inc.

15.5.  Beckman Coulter, Inc.

15.6.  Invivoscribe, Inc.

15.7.  Sysmex Corporation

15.8.  bioMérieux SA

15.9.  VWR International, LLC.

15.10. Danaher Corporation

16.  Strategic Recommendations

17.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Beckman Coulter, Inc., Invivoscribe, Inc., Sysmex Corporation were some of the leading players operating in the Global Next-Generation In-vitro Diagnostics Market.

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Consumables held the largest market share within the Global Next-Generation In-vitro Diagnostics Market. This is due to the continual demand for disposable items like reagents, test strips, and assay kits.

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North America led the Global Next-Generation In-vitro Diagnostics Market due to its strong healthcare infrastructure, presence of key market players, and investments in research and development.

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Rising demand of point-of-care testing and growing prevalence of chronic diseases are the major drivers for the Global Next-Generation In-vitro Diagnostics Market.

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Sakshi Bajaal

Business Consultant
Press Release

Next-Generation In-vitro Diagnostics Market to Grow at 8.21% CAGR through 2029

Jun, 2024

Rising demand for early & accurate disease diagnosis and increase in healthcare expenditure is expected to drive the Global Next-Generation In-vitro Diagnostics Market growth in the forecast period,