With the emergence and long-term Impact of COVID-19, Global IVD Contract Manufacturing Market to reach USD 33.0 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global IVD Contract Manufacturing Market is poised to raise up to USD 33.0 Billion by 2030. IVD contract manufacturing refers to the outsourcing of manufacturing operations for in vitro diagnostic products to specialized contract manufacturers. These contract manufacturers provide a range of services, including product development, production, packaging, quality control, and regulatory compliance.
By partnering with contract manufacturers, IVD companies can leverage their expertise, infrastructure, and manufacturing capabilities to streamline operations, reduce costs, ensure regulatory compliance, and meet the growing demand for diagnostic products. The IVD contract manufacturing market offers opportunities for innovation, geographic expansion, and strategic collaborations, while also facing challenges related to regulatory compliance, intellectual property protection, and supply chain management. The driving factors boosting the market growth are the growing IVD Market worldwide and increasing demand for IVD products.
Geographically, the global IVD Contract Manufacturing market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to factors such as well-established healthcare infrastructure, high healthcare expenditure, technological advancements, and the strong presence of key market players. Asia Pacific is expected to become the fastest growing during the forecast period, owing to factors such as increasing population, rising healthcare expenditure, expanding middle class, growing awareness about the benefits of early disease detection and personalized medicine.
The global IVD Contract Manufacturing market is highly competitive owing to the presence of several key manufacturers such as Jabil, Inc, Thermo Fisher Scientific Inc., West Pharmaceutical Services, Inc., Charles River Laboratories International Inc., Eurofins Scientific SE, Tecan Group Ltd., Meridian Bioscience, Inc., Celestica Inc., Nipro Corporation
and others.
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Key findings of the study suggest:
- Global IVD Contract Manufacturing Market is anticipated to grow with a healthy growth rate of more than 11.5% over the forecast period 2023-2030.
- In the Device Type segment, IVD Consumables emerged out as the leading market segment in 2022.
- In the Technology segment, Immunoassay emerged out as the leading market segment in 2022.
- In the Service type segment, Assay Development Services emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to factors such as well-established healthcare infrastructure, high healthcare expenditure, technological advancements, and the strong presence of key market players.
- Asia-Pacific is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
Device Type:
- IVD Equipment
- IVD Consumables
Technology:
- Immunoassay
- Clinical Chemistry
- Molecular Diagnostics
- Microbiology
- Hematology
- Coagulation & Hemostasis
- Others
Service Type:
- Manufacturing Services
- Assay Development Services
- Other Services
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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