EU In Vitro Diagnostics (IVD) Market


  • Type: Service area
  • Published : March 2021
  • Region: Europe
  • Country: Other
  • Report ID : 615

  • Format: PPT, PDF

EU In Vitro Diagnostics (IVDs) Market By Product (Instruments, Reagents & Kits, Software), By Technology (Clinical Chemistry, Hematology, Immunoassays, Coagulation & Hemostasis, Molecular Diagnostics, Microbiology, Other), By Application (Diabetes, Infectious Diseases, Oncology, Cardiology, Nephrology, Autoimmune Disease, Drug Testing, HIV), By Region (Germany, Spain, Italy, UK, France, Rest of EU)- Size, Share, Trends And Forecast (2019-2028)


Report Overview

The EU In Vitro Diagnostics (IVD) market was valued at USD 14.45 billion in 2019 and is expected to reach USD XX billion in 2028 showcasing a CAGR of XX% during the forecast period of 2019-2028

In vitro diagnostics (IVD) include medical devices, assays and reagents, which are employed in diagnosis of a medical condition. Furthermore, these instruments are employed in analysis of tissue samples and body fluids collected from a patient. Moreover, there are various types of in vitro diagnostic instruments that work on different techniques such as immunodiagnostics, tissue diagnostics, hematology, and molecular diagnostics. Use and handling of in vitro diagnostics require technical expertise and thus, instruments are used in specialized medical facilities to carry out diagnosis. Increasing the scale of diagnostic centers with the latest devices promotes the growth rate. However, high cost of installing and maintaining the equipment, shortage of skilled labour force are some of the challenging factors of the IVD market

Market Growth Drivers

The major factor that contributes to the growth of the EU IVD market is surge in number of in vitro diagnostic tests, which is attributable to rise in incidences of chronic and infectious diseases. Furthermore, growth in geriatric population, which is prone to immunological disorders is another major factor that boosts the growth of the market. Moreover, rise in use of personalized medicines in treatment of various chronic diseases such as cancer also fuels growth of the EU in vitro diagnostics market. In addition, increase in technological advancements associated with in vitro diagnostic products boosts the market growth. However, stringent government regulations and unfavorable reimbursement policies are anticipated to restrict growth of the EU in vitro diagnostics market

1. EU In Vitro Diagnostics (IVD) Market Overview………………………….………….
A. Market Size
2. Market Growth Drivers……………………………………………………..……………..
A. Surge in number of IVDs tests, because a rise in incidences of chronic and infectious diseases
B. Growth in geriatric population & rise in usage of personalized medicines for treatment
C. Increase in technological advancements associated with IVD products
3. EU In Vitro Diagnostics (IVD) Market Segmentation……………………………………….
A. By Product
I. Instruments
II. Reagents & Kits
III. Software
B. By Technology
I. Clinical Chemistry
II. Hematology
III. Immunoassays
IV. Coagulation & Hemostasis
V. Molecular Diagnostics
VI. Microbiology
VII. Other
C. By Application
I. Oncology
II. Cardiology
III. Nephrology
IV. Autoimmune Disease
V. Drug Testing
D. By Country
I. Germany
II. Italy
III. Spain
V. France
VI. Rest of EU
4. EU In Vitro Diagnostics (IVD) Market Share………………………………………….
A. Market Analysis, Insights and Forecast to 2028 by Revenue
5. Competitive Landscape………………………………………………………….………..
A. Major Players
B. Company Market Position Analysis
6. Key Company Profiles…………………………………………………………..………….
A. Johnson & Johnson company overview, Product & Services, Strategies & Financials
B. Abbott Laboratories company overview, Product & Services, Strategies & Financials
C. Roche Diagnostics company profile, Product & Services, Strategies & Financials
7. Healthcare Policies and Regulatory Landscape…………………………………….…
A. Policy changes and Reimbursement scenario
8. Potential Growth Opportunities………………………………………………..…………
A. Advancements in drug development
9. Factors Driving Future Growth…………………………………………………………..
A. Key Industry Trends and Recent Developments in In Vitro Diagnostics (IVD) Market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Product:

Based on the Product, the IVD market in EU is segmented into Instruments, Reagents & Kits, Software

By Technology:

The EU market based on the Technology is segmented into Clinical Chemistry, Hematology, Immunoassays, Coagulation & Hemostasis, Molecular Diagnostics, Microbiology, Other

By Application:

The EU market is sub categorized into Application which include Diabetes, Infectious Diseases, Oncology, Cardiology, Nephrology, Autoimmune Disease, Drug Testing, HIV

By Country:

The EU region based on the country is segmented into Germany, Spain, France, Italy, UK, Rest of EU. The German market had the largest market share in the EU. It is estimated to hold the highest share in terms of the revenue in the EU IVD market. The Spanish IVD market is driven by the rising demand for POC diagnostics. The emergence of e-commerce in every sector is to promote the need of the market in Spain

Major Players

The most prominent companies occupying the majority of shares in the EU market are Abbott Laboratories, Johnson & Johnson, Siemens Healthcare, Becton Dickinson, Roche Diagnostics, Ortho Clinical Diagnostics, Inc., Bio-Rad Laboratories, Inc., Sysmex Corporation and Thermo Fisher Scintific Inc.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

To request a free sample copy this report, please complete the form below.

    We value your inquiry and offer free customization with every report to fulfil your exact research needs.

    This website is secure and your personal details are safe.

    This report addresses

    • Market intelligence to enable effective decision making
    • Growth opportunities and trend analysis
    • Competitive benchmarking
    • Historical data & forecasts
    • Regional opportunities

    Need more?

    • Speak to our analyst to know how this research was put together
    • Add more countries or regions as part of customisation
    • Understand how this report can have direct impact on your revenue

    Get a custom report based on your requirements