The IVD contract manufacturing market had an estimated market share worth US$ 12.9 billion in 2023, and it is predicted to reach a global market valuation of US$ 46 billion by 2034, growing at a CAGR of 12.1% from 2024 to 2034.
Report Attribute | Details |
---|---|
Estimated Market Value in 2023 | US$ 12.9 billion |
Expected Market Value in 2024 | US$ 14.7 billion |
Projected Forecast Value in 2034 | US$ 46 billion |
Anticipated Growth Rate from 2024 to 2034 | 12.1% |
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The global demand for the IVD contract manufacturing market was estimated to reach a valuation of US$ 7.4 billion in 2019, according to a report from Future Market Insights. From 2019 to 2023, the IVD contract manufacturing market witnessed significant growth, registering a CAGR of 15.1%.
Historical CAGR 2019 to 2023 | 15.1% |
---|---|
Forecast CAGR 2024 to 2034 | 12.1% |
The introduction of lab-on-a-chip technology represents a significant milestone in the IVD contract manufacturing market. These microfluidic devices allow for automated rapid diagnostic testing with small sample quantities by combining several laboratory tasks onto a single chip. Due to their mobility, affordability, and high throughput, lab-on-a-chip devices are perfect for applications in personalized medicine, environmental monitoring, and point-of-care diagnostics.
This breakthrough has the potential to alter healthcare delivery by delivering advanced laboratory capabilities to a wide range of locations, hence increasing diagnostic testing accessibility and efficiency. It is projected that these modifications would provide new opportunities for the global IVD contract manufacturing market.
Shift towards Value Based Healthcare Models to Bolster Growth
Value-based healthcare models are a major factor propelling the IVD contract manufacturing market. Healthcare providers are embracing value-based reimbursement models at an increasing rate as there is a rising focus on lowering costs and improving patient outcomes.
This change provides incentives for the use of advanced diagnostics, which allow for accurate therapy selection, early illness identification, and patient outcome tracking. IVD contract manufacturers are well-positioned to assist healthcare providers in providing value-based care, hence propelling market growth, by providing superior, innovative diagnostic solutions.
Quality Control and Supply Chain Disruptions to Impede the Market Growth
Few restraints of the market are:
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This section focuses on providing detailed analysis of two particular market segments for IVD contract manufacturing, the dominant device type and the significant technology. The two main segments discussed below are the IVD equipment and immunoassay.
Device Type | IVD Equipment |
---|---|
CAGR from 2024 to 2034 | 11.8% |
The IVD equipment segment is anticipated to expand with a 11.8% CAGR through 2034. Since IVD equipment is essential to diagnostic testing, it is expected to be widely used in the IVD contract manufacturing market.
These gadgets, which include analyzers and sample processing tools, are necessary for carrying out a wide range of diagnostic tests effectively and precisely. IVD equipment becomes more important in contract manufacturing services as the need for diagnostic testing increases.
Technology | Immunoassay |
---|---|
CAGR from 2024 to 2034 | 11.5% |
During the forecast period, the immunoassay segment is likely to garner an 11.5% CAGR. With its broad range of applications and adaptability, immunoassay technology is set to become more and more popular in the IVD contract manufacturing market.
As the need for customized medicine and focused treatments grows, immunoassays provide reliable biomarker and analyte detection, enabling precise diagnosis and therapy tracking. Immunoassays are becoming a more appealing alternative for contract manufacturing services due to advancements like multiplexing capabilities and downsizing, which increase throughput and efficiency.
This section will go into detail on the IVD contract manufacturing markets in a few key countries, including the United States, the United Kingdom, China, Japan and South Korea. This segment will focus on the key factors that are driving up demand in these countries for IVD contract manufacturing.
Countries | Forecast CAGR from 2024 to 2034 |
---|---|
The United States | 11.9% |
The United Kingdom | 12.9% |
China | 12.7% |
Japan | 13% |
South Korea | 14.1% |
The United States IVD contract manufacturing ecosystem is anticipated to gain a CAGR of 11.9% through 2034. Factors that are bolstering the growth are:
The IVD contract manufacturing market in the United Kingdom is expected to expand with a 12.9% CAGR through 2034. The factors pushing the growth are:
The IVD contract manufacturing ecosystem in China is anticipated to develop with a 12.7% CAGR from 2024 to 2034. The drivers behind this growth are:
The IVD contract manufacturing industry in Japan is anticipated to reach a 13% CAGR from 2024 to 2034. The drivers propelling growth forward are:
The IVD contract manufacturing ecosystem in South Korea is likely to evolve with a 14.1% CAGR during the forecast period. The factors bolstering the growth are:
Organizations in this market frequently take deliberate action to break negative trends and foster positive development when growth is flagging. Some of them are
In Response to a Downturn in Growth
Remaining at the Forefront with the Integration of Advanced Technology
Vertical Integration
In order to stay competitive, leading players in the global in vitro diagnostic (IVD) contract manufacturing market are concentrating on technical innovations, strategic alliances, and regional growth. To comply with regulations, they are making investments in innovative production facilities, putting effective supply chain management systems in place, and giving quality control procedures first priority.
These companies also emphasize customization and flexibility in their services to meet the different demands of their clients, positioning themselves as dependable and innovative partners in the IVD market. The key players in this market include:
Significant advancements in the IVD contract manufacturing market are being made by key market participants, and these include:
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 12.1% from 2024 to 2034 |
Market value in 2024 | US$ 14.7 billion |
Market value in 2034 | US$ 46 billion |
Base Year for Estimation | 2023 |
Historical Data | 2019 to 2023 |
Forecast Period | 2024 to 2034 |
Quantitative Units | US$ billion for value |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered |
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Regions Covered |
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Countries Profiled |
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Key Companies Profiled |
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Customization Scope | Available on Request |
The IVD contract manufacturing market is expected to garner a 12.1% CAGR from 2024 to 2034.
By 2024, the global IVD contract manufacturing market is likely to gain US$ 14.7 billion.
By 2034, the IVD contract manufacturing market valuation is likely to reach a sum of US$ 46 billion.
The IVD contract manufacturing industry in the United States is likely to garner an 11.9% CAGR during the forecast period.
IVD equipment is the top device for the IVD contract manufacturing and likely to garner an 11.8% CAGR through 2034.
The immunoassay technology is the dominant technology in this market, anticipated to expand with an 11.5% CAGR through 2034.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Device Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Device Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Device Type, 2024 to 2034
5.3.1. IVD Equipment
5.3.2. IVD Consumables
5.4. Y-o-Y Growth Trend Analysis By Device Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Device Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Technology, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Technology, 2024 to 2034
6.3.1. Immunoassay
6.3.2. Clinical Chemistry
6.3.3. Molecular Diagnostics
6.3.4. Microbiology
6.3.5. Hematology
6.3.6. Coagulation & Hemostasis
6.3.7. Others
6.4. Y-o-Y Growth Trend Analysis By Technology, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Technology, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Service Type
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Service Type, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Service Type, 2024 to 2034
7.3.1. Manufacturing Services
7.3.2. Assay Development Services
7.3.3. Other Services
7.4. Y-o-Y Growth Trend Analysis By Service Type, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Service Type, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Device Type
9.2.3. By Technology
9.2.4. By Service Type
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Device Type
9.3.3. By Technology
9.3.4. By Service Type
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Device Type
10.2.3. By Technology
10.2.4. By Service Type
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Device Type
10.3.3. By Technology
10.3.4. By Service Type
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Device Type
11.2.3. By Technology
11.2.4. By Service Type
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Device Type
11.3.3. By Technology
11.3.4. By Service Type
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Device Type
12.2.3. By Technology
12.2.4. By Service Type
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Device Type
12.3.3. By Technology
12.3.4. By Service Type
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Device Type
13.2.3. By Technology
13.2.4. By Service Type
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Device Type
13.3.3. By Technology
13.3.4. By Service Type
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Device Type
14.2.3. By Technology
14.2.4. By Service Type
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Device Type
14.3.3. By Technology
14.3.4. By Service Type
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Device Type
15.2.3. By Technology
15.2.4. By Service Type
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Device Type
15.3.3. By Technology
15.3.4. By Service Type
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Device Type
16.1.2.2. By Technology
16.1.2.3. By Service Type
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Device Type
16.2.2.2. By Technology
16.2.2.3. By Service Type
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Device Type
16.3.2.2. By Technology
16.3.2.3. By Service Type
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Device Type
16.4.2.2. By Technology
16.4.2.3. By Service Type
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Device Type
16.5.2.2. By Technology
16.5.2.3. By Service Type
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Device Type
16.6.2.2. By Technology
16.6.2.3. By Service Type
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Device Type
16.7.2.2. By Technology
16.7.2.3. By Service Type
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Device Type
16.8.2.2. By Technology
16.8.2.3. By Service Type
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Device Type
16.9.2.2. By Technology
16.9.2.3. By Service Type
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Device Type
16.10.2.2. By Technology
16.10.2.3. By Service Type
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Device Type
16.11.2.2. By Technology
16.11.2.3. By Service Type
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Device Type
16.12.2.2. By Technology
16.12.2.3. By Service Type
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Device Type
16.13.2.2. By Technology
16.13.2.3. By Service Type
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Device Type
16.14.2.2. By Technology
16.14.2.3. By Service Type
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Device Type
16.15.2.2. By Technology
16.15.2.3. By Service Type
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Device Type
16.16.2.2. By Technology
16.16.2.3. By Service Type
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Device Type
16.17.2.2. By Technology
16.17.2.3. By Service Type
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Device Type
16.18.2.2. By Technology
16.18.2.3. By Service Type
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Device Type
16.19.2.2. By Technology
16.19.2.3. By Service Type
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Device Type
16.20.2.2. By Technology
16.20.2.3. By Service Type
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Device Type
16.21.2.2. By Technology
16.21.2.3. By Service Type
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Device Type
16.22.2.2. By Technology
16.22.2.3. By Service Type
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By Device Type
16.23.2.2. By Technology
16.23.2.3. By Service Type
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Device Type
17.3.3. By Technology
17.3.4. By Service Type
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Celestica Inc.
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Cenogenics Corporation
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. Cone Bioproducts
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Fujirebio
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. Invetech
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. Jabil Inc.
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Kimball Electronics, Inc.
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. Kmc Systems
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Meridian Biosciences
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Nemera
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.11. Nolato Gw, Inc.
18.1.11.1. Overview
18.1.11.2. Product Portfolio
18.1.11.3. Profitability by Market Segments
18.1.11.4. Sales Footprint
18.1.11.5. Strategy Overview
18.1.11.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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