IVD (in vitro diagnosis) raw materials refer to reaction system materials used for biochemical, immunological, or molecular diagnostic reagents. These raw materials are an important component of the upstream of the IVD reagent industry, and their quality directly determines the quality of IVD products. The core reaction system raw materials such as antigens, antibodies, diagnostic enzymes, etc. are the most critical nodes in the quality control of IVDs.
Overview of Market Development
With the continuous increase in medical demand, strengthened policy support, accelerated technological innovation, and intensified domestic and international market competition, the market size of IVD raw materials continues to expand. Especially with the application of new technologies such as microfluidics, next-generation sequencing, microarrays, and the rapid development of precision medicine, there are huge growth opportunities for the raw material market.
According to our research data, the estimated revenue scale of the global IVD raw material market in 2024 is $4108 million, an increase of 10.10% compared to 2023, and is expected to continue to increase to $6536 million by 2029. The CAGR for 2024-2029 is estimated to be 9.73%.
Segmented Market Analysis
From the perspective of product types, IVD raw materials include segmented types such as antibodies, proteins, antigens, and enzyme. Among them, antibodies occupy the highest market share, estimated at 29.14% in 2024.
From the perspective of downstream applications, IVD raw materials are mainly used in pharmacy companies, laboratories, and hospitals. Among them, pharmacy companies dominate, with an expected market share of 81.44% by 2024.
Global IVD Raw Material Market Size Forecast and Market Segment Analysis
Source: www.globalmarketmonitor.com
Market Analysis of Major Regions
From a regional perspective, the global IVD raw material market is mainly concentrated in North America, Europe, and the Asia Pacific region. The total revenue of the IVD raw material market in these three regions accounts for over 90% of the global total revenue. Among them, North America is the largest revenue market, with an estimated revenue share of 34.62% in 2024.
Global IVD Raw Material Market Revenue and Revenue Share by Region Forecast in 2024
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Regions
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Market Revenue (Million USD)
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Revenue Share
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North America
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1422
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34.62%
|
|
Europe
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1254
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30.53%
|
|
Asia Pacific
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1109
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27.00%
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|
South America
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170
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4.14%
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|
Middle East & Africa
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153
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3.72%
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Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global IVD Raw Materials Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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