IVD Contract Manufacturing Services Market Outlook: Growth, Trends, and Insights
Meticulous Research®—a leading market
research company, published a research report titled, 'IVD
Contract Manufacturing Services Market by Type
(Assay Development, Manufacturing), Category (Reagents, Systems), Technology
(Immunoassay, Molecular Diagnostics, Clinical Chemistry, Hematology,
Microbiology, Urinalysis) – Global Forecast to 2031’
According to this latest publication from Meticulous
Research®, the IVD contract manufacturing services market is
projected to reach $25.80 billion by 2030, at a CAGR of 7.8% from 2024 to 2031.
The growth of the IVD contract manufacturing services market is driven by
several factors, including the rising prevalence of infectious diseases, the
shift in focus from centralized laboratories to point-of-care testing services,
regulatory complexities faced by IVD companies, and the need for cost-effective
manufacturing of IVD tests. Factors such as high economic growth and increased
outsourcing to emerging countries serve as an opportunity that would help grow
the market in the future.
Factors such as the lack of skilled professionals
could be considered as a challenge for the IVD contract manufacturing services
market. However, maintaining product quality and protection of proprietary
information restrains the growth of the market.
Key Players
The key players profiled in the IVD contract
manufacturing services market report are Cenogenics Corporation (U.S.),
In-Vitro Diagnostic Developers, Inc. (IDxDI) (U.S.), Savyon Diagnostics
(Israel), KMS Systems, Inc. (U.S.), Nova Biomedical (U.S.), LRE Medical
(Germany), Cone Bioproducts (U.S.), Invetech, Inc. (Australia), Avioq, Inc.
(U.S.), TCS Biosciences Ltd. (U.K.), Affinity Life Sciences, Inc. (U.S.), Coris
BioConcept (Belgium), Meridian Bioscience, Inc. (U.S.), Affinity Biologicals,
Inc. (Canada), Biokit S.A. (Spain), Merck KgaA (Germany), Thermo Fisher
Scientific, Inc. (U.S.), and Maxim Biomedical, Inc. (U.S.).
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IVD
Contract Manufacturing Services Market—by Type
·
Manufacturing
Services
·
Assay
Development Services
·
Other
Services
(Other Services primarily include product
design and lyophilization)
IVD
Contract Manufacturing Services Market—by Category
·
Reagents
& Consumables
·
Instruments
& Systems
IVD
Contract Manufacturing Services Market—by Technology
·
Immunoassay
·
Molecular
Diagnostics
·
Clinical
Chemistry
·
Hematology
·
Microbiology
·
Urinalysis
IVD
Contract Manufacturing Services Market—by Geography
·
North
America
o
U.S.
o
Canada
·
Europe
o
Germany
o
France
o
U.K.
o
Italy
o
Spain
o
Rest
of Europe (RoE)
·
Asia-Pacific
o
China
o
Japan
o
India
o
Rest
of APAC (RoAPAC)
·
Latin
America
·
Middle
East & Africa
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The IVD contract manufacturing services market is
segmented by Type (Assay Development Services, Manufacturing Services, and
Other Services), Category (Reagents & Consumables and Instruments &
Systems), Technology (Immunoassay, Molecular Diagnostics, Clinical Chemistry,
Hematology, Microbiology, and Urinalysis), and Geography. The study also
evaluates industry competitors and analyzes the regional and country-level
markets.
Based on type, in 2024, the manufacturing
services segment is expected to account for the largest share of the market.
Manufacturing services are services that include ISO-certified manufacturing
facilities that allow them to carry out full project and production management,
quality and regulatory support, and flexibility in scale and process, which
results in increased demand for manufacturing services.
Based on category, in 2024, the reagents &
consumables segment is expected to account for the largest share of
the market. Reagents & consumables are products that are used for the
in-vitro examination of specimens derived from the human body during disease
diagnosis, treatment monitoring, prognosis, and evaluation of the patient’s
health status. The large market share of the segment is attributed to factors
such as increasing virulence of infectious diseases, growth of companion diagnostics,
and rapid growth in molecular testing, which leads to an increased demand for
POC diagnostic kits, therefore increasing the use of reagents & consumables
used in the tests.
Based on technology, in 2024, the immunoassay
segment is expected to account for the largest share of the market. The large
share of the segment is attributed to factors such as a higher preference for
immunodiagnostics owing to its inherent specificity, high throughput, and the
emergence of advanced diagnostic immunoassay formats. Further, the increasing
use of immunoassays in Point of Care (PoC) infectious disease testing, the need
for developing novel tests, increasing usage of miniaturized devices, rising
demand attributed to an aging population, and the rising trend of automation in
immunoassay instruments are driving the growth of this segment.
This research report analyzes major geographies and
provides a comprehensive analysis of North America (U.S., Canada), Europe
(Germany, France, U.K., Italy, Spain, and the Rest of Europe), Asia-Pacific
(China, Japan, India, and Rest of Asia-Pacific), Latin America and the Middle
East & Africa. In 2024, North America is expected to account for the
largest share of the IVD contract manufacturing services market, followed by
Europe and Asia-Pacific. North America’s major market share is attributed to the
rising prevalence of various infectious diseases, the growing healthcare
sector, increasing awareness regarding early disease diagnosis, growing
adoption of advanced innovative products, and increasing funding activities
coupled with novel advanced diagnostic technologies.
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Key questions answered in the report:
·
Which are the high-growth
market segments in terms of IVD contract manufacturing services type, category,
technology, and geography?
·
What was the historical
market for IVD contract manufacturing services across the globe?
·
What are the market forecasts
and estimates for the period 2024–2031?
·
What are the major drivers,
restraints, opportunities, and challenges in the IVD contract manufacturing
services market?
·
Who are the major players in
the IVD contract manufacturing services market?
·
What is the competitive
landscape, and who are the market leaders in the IVD contract manufacturing
services market?
·
What are the recent
developments in the global IVD contract manufacturing services market?
·
What are the different
strategies adopted by the major players in the global IVD contract
manufacturing services market?
·
What are the geographical
trends and high-growth regions/countries?
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