Thursday, February 2, 2023
  • About Us
  • Contact Us
KsaWeekly.com
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Middle East
  • Press Release
Submit a News Release
No Result
View All Result
KsaWeekly.com
Submit PR
Home Press Release

IVD Contract Manufacturing Services Market Worth $20.6 Billion By 2028

Press Room by Press Room
August 12, 2022
in Press Release
Share on FacebookShare on Twitter


(EMAILWIRE.COM, August 12, 2022 ) According to this latest publication from Meticulous Research®, the IVD contract manufacturing services market is expected to reach $20.6 billion by 2028, at a CAGR of 7.7% during the forecast period. The increasing need for IVD devices due to 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 are some of the major factors driving the growth of this market.

In addition, high economic and increased outsourcing to emerging countries serves as a significant growth opportunity for the growth of this market. However, maintaining product quality and protection of proprietary knowledge is hindering the growth of this market.

Download Free PDF Sample Copy of the Report (with COVID-19 Impact Analysis): rnhttps://www.meticulousresearch.com/download-sample-report/cp_id=5226

IVD Contract Manufacturing Services Market: Future Outlook

The IVD contract manufacturing services market study presents historical market data in terms of values (2019 and 2020), estimated current data (2021), and forecasts for 2028. The market is segmented by Service Type (Assay Development Services, Manufacturing Services, Other Services), Category (Reagents & Consumables, Instruments & Systems), and Technology (Immunoassay, Clinical Chemistry, Microbiology, Molecular Diagnostics, Haematology, Urinalysis). The study also evaluates industry competitors and analyses the market at the regional and country levels.

Scope of the Report:
IVD Contract Manufacturing Services Market, by Type
• Manufacturing Services
• Assay Development Services
• Other Services
IVD Contract Manufacturing Services Market, by Category
• Reagents & Consumables
• Instruments & Systems
IVD Contract Manufacturing Services Market, by Technology
• Immunoassay
• Molecular Diagnostics
• Clinical Chemistry
• Microbiology
• Haematology
• 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 (APAC)
o China
o Japan
o India
o Rest of APAC (RoAPAC)
• Latin America
• Middle East & Africa

To Gain More Insights into The Market with a Detailed Table of Content And Figures, Click Here:https://www.meticulousresearch.com/product/ivd-contract-manufacturing-services-market-5226

Based on service type, the manufacturing services segment is expected to account for the largest share of the IVD contract manufacturing services market in 2021. The large market share of this segment is mainly due to IVD companies outsourcing the manufacturing of IVD products to fulfill the increasing demand for these products for diagnosis purposes. Additionally, these services provide full production management, flexibility in scale and process, and quality and regulatory support, which further contribute to the growth of this market.

Based on technology, the immunoassay segment is expected to grow at the fastest CAGR during the forecast period. Factors such as higher preference for immunodiagnostics tests by practitioners due to its high accuracy standards, inherent specificity, high throughput, high sensitivity, and the emergence of advanced diagnostic immunoassay formats contribute to the high growth rate of this segment.

The increasing use of immunoassays in Point of Care (PoC) infectious disease testing, the growing need for developing novel tests, increasing usage of miniaturized devices, rising demand attributed to the aging population, and rising trend of automation in immunoassay instruments further drive the growth of this segment.

Based on category, the IVD contract manufacturing services market is segmented into reagents & consumables and instruments & systems. In 2021, the reagents & consumables segment is expected to account for the larger share of the IVD contract manufacturing services market. The continuous use of reagents and consumables to diagnose various prevalent diseases is the major factor attributed to the growth of this segment.

This research report analyzes major geographies and provides a comprehensive analysis for North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America, and the Middle East & Africa.

In 2021 North America is expected to account for the largest share of the IVD contract manufacturing services market, followed by Europe and Asia-Pacific. The rising prevalence of various infectious diseases, growing healthcare sector, increasing awareness regarding early disease diagnosis, growing adoption of advanced innovative diagnostic products, and increasing funding activities coupled with novel advanced development diagnostic technologies are the factors driving the growth of this market in North America.

The key players operating in the IVD contract manufacturing services market include Savyon Diagnostics (Israel), KMC Systems, Inc. (U.S.), Cenogenics Corporation (U.S.), Nova Biomedical (U.S.), Cone Bioproducts (U.S.), Invetech, Inc. (Australia), Avioq, Inc. (U.S.), Meridian Bioscience, Inc. (U.S.), In Vitro Diagnostics Developers Inc. (U.S.), LRE Medical (Germany), TCS Biosciences Ltd (U.K.), Affinity Life Sciences, Inc. (U.S.), CorisBioConcept (Belgium), Affinity Biologicals Inc. (Canada), Biokit S.A. (Spain), Merck KGaA (Germany), Thermo Fisher Scientific Inc. (U.S.), and Maxim Biomedical, Inc. (U.S.).

You can Buy Report from Here: https://www.meticulousresearch.com/Checkout/18297410

Key questions answered in the report:
• Which are the high growth market segments in terms of service type, category, technology, and regions/countries?
• What was the historical market for IVD contract manufacturing services across the globe?
• What are the market forecasts and estimates for the period 2021–2028?
• What are the major drivers, restraints, challenges, opportunities, and trends in the IVD contract manufacturing services market?
• Who are the major players in the IVD contract manufacturing services market?
• How is the competitive landscape and who are the market leaders in the IVD contract manufacturing services market?
• What are the recent developments in the IVD contract manufacturing services market?
• What are the different strategies adopted by the major players in the IVD contract manufacturing services market?
• What are the geographical trends and high growth regions/countries?



Source link

Previous Post

Authorities foil attempts to smuggle 70 tons of drugs into Saudi Arabia, 70 held

Next Post

Chocolate and Confectionery Processing Equipment Market Worth $6,971.8 Million by 2024- Exclusive Report by Meticulous Research®

RECOMMENDED NEWS

Hydrochloric Acid Market worth $3.4 billion by 2027

Hydrochloric Acid Market worth $3.4 billion by 2027

2 months ago
Biopharmaceutical Processing Equipment and Consumables Market Worth $70.84 Billion by 2029

Biopharmaceutical Processing Equipment and Consumables Market Worth $70.84 Billion by 2029

7 months ago
Outskirts Press announces Kaleidoscope Facets, the latest highly-anticipated biography & autobiography

Outskirts Press announces Kaleidoscope Facets, the latest highly-anticipated biography & autobiography

6 months ago
Calcium Carbonate Market worth $28.3 billion by 2024

Calcium Carbonate Market worth $28.3 billion by 2024

3 months ago

BROWSE BY CATEGORIES

  • Business
  • Finance
  • Lifestyle
  • Middle East
  • News
  • Press Release
  • Technology

POPULAR NEWS

  • ZainTech partners with LigaData to deliver data-driven digital services in MENA

    ZainTech partners with LigaData to deliver data-driven digital services in MENA

    0 shares
    Share 0 Tweet 0
  • تم إطلاق VOYAH FREE في أوروبا وتم افتتاح معرض VOYAH.

    0 shares
    Share 0 Tweet 0
  • Saudi Arabia’s NuqtahNFT and ConsenSys partner to empower Web 3 startups

    0 shares
    Share 0 Tweet 0
  • Vidliz Expands Its Data-Driven Online Marketing Services in the Middle East

    0 shares
    Share 0 Tweet 0
  • قد يؤدي استهلاك الجوز إلى إبطاء تطوّر السرطان

    0 shares
    Share 0 Tweet 0

KSA Weekly™ publishes and aggregates business, socio-economic, Tech and industrial news on Saudi Arabia, Middle East and North Africa (MENA).

We provide press release distribution to media in the Kingdom of Saudi Arabia, the Arab world and the GCC/MENA regions. To send your press release, contact us today.

Recent News

Recent Posts
  • Wahyd Expands Tech-Enabled Logistics Platform to Saudi Arabia
  • Saudi’s foreign minister receives Commissioner-General of UNRWA
  • The G700 business jet broke 25 speed records during its world tour
  • Saudi Arabia plans road project in Aseer region to elevate … – Arab News
  • Arab Africa Trade Bridges (AATB) Program Hosts Series of Bilateral Trade Business to Business (B2B) Meetings in Casablanca, Morocco

Category

News

Business

Finance

Technology

Lifestyle

Middle East

Press Releases

Subscribe to Our Newsletter

    KSA Weekly ™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC

    • About Us
    • Contact Us
    • Submit a Press Release
    No Result
    View All Result
    • News
    • Business
    • Finance
    • Technology
    • Lifestyle
    • Middle East
    • Press Release

    © 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.