News

IVD market will become a new outlet in 2022

In 2016, the global IVD instrument market size was US$13.09 billion, and it will grow steadily at a compound annual growth rate of 5.2% from 2016 to 2020, reaching US$16.06 billion by 2020. It is expected that the global IVD instrument market will accelerate growth under the stimulation of in vitro diagnostic demand, reaching US$32.75 billion by 2025, corresponding to a compound growth rate of 15.3% in 2020-2025. The global IVD instrument market is expected to grow by 11.6% from 2025 to 2030. Driven by innovations in in vitro diagnostic technology and the growth of global in vitro diagnostic demand, the global IVD instrument market size will grow to USD 56.66 billion by 2030.

The CDMO of in vitro diagnostic instruments and consumables is in the middle of the in vitro diagnostic industry chain. It purchases relevant raw materials for the production and research and development of in vitro diagnostic instruments and consumables from upstream material and accessories suppliers, such as key components in in vitro diagnostic instruments. Components, antigens, antibodies and other products required for the production of diagnostic reagents, raw materials required for the production of disposable plastic biological experimental consumables, etc., are designed, developed, manufactured and produced for in vitro diagnostic enterprises in the same midstream. CDMO companies are entrusted with R&D, design and production from other in vitro diagnostic companies, schools, and laboratories that have R&D and design needs.From 2016 to 2020, the global IVD instrument CDMO market size has grown from USD 3.13 billion to USD 4.30 billion, with a CAGR of 8.2%. The global IVD instrument CDMO market is expected to grow to USD 7.51 billion in 2025, corresponding to a CAGR of 11.8% during the period 2020-2025. It is expected that the global IVD instrument CDMO market will continue to expand at a compound annual growth rate of 11.6% from 2025 to 2030, reaching US$12.98 billion by 2030.Chinese companies accelerate the research and development of their products, such as Ningbo ALPS Technology Co., Ltd. buying from China will make huge profits, which is a favorable opportunity to seize the global IVD market.