The IVD Contract Manufacturing Market had an estimated market share worth USD 12.9 billion in 2023, and it is predicted to reach a global market valuation of USD 46 billion by 2034, growing at a CAGR of 12.1% from 2024 to 2034.
Report Attribute | Details |
---|---|
Estimated Market Value in 2023 | USD 12.9 billion |
Expected Market Value in 2024 | USD 14.7 billion |
Projected Forecast Value in 2034 | USD 46 billion |
Anticipated Growth Rate from 2024 to 2034 | 12.1% |
The global demand for the IVD contract manufacturing market was estimated to reach a valuation of USD 7.4 billion in 2019, according to a report from Future Market Insights. From 2019 to 2023, the IVD contract manufacturing market witnessed significant growth, registering a CAGR of 15.1%.
Historical CAGR 2019 to 2023 | 15.1% |
---|---|
Forecast CAGR 2024 to 2034 | 12.1% |
The introduction of lab-on-a-chip technology represents a significant milestone in the IVD contract manufacturing market. These microfluidic devices allow for automated rapid diagnostic testing with small sample quantities by combining several laboratory tasks onto a single chip. Due to their mobility, affordability, and high throughput, lab-on-a-chip devices are perfect for applications in personalized medicine, environmental monitoring, and point-of-care diagnostics.
This breakthrough has the potential to alter healthcare delivery by delivering advanced laboratory capabilities to a wide range of locations, hence increasing diagnostic testing accessibility and efficiency. It is projected that these modifications would provide new opportunities for the global IVD contract manufacturing market.
Shift towards Value Based Healthcare Models to Bolster Growth
Value-based healthcare models are a major factor propelling the IVD contract manufacturing market. Healthcare providers are embracing value-based reimbursement models at an increasing rate as there is a rising focus on lowering costs and improving patient outcomes.
This change provides incentives for the use of advanced diagnostics, which allow for accurate therapy selection, early illness identification, and patient outcome tracking. IVD contract manufacturers are well-positioned to assist healthcare providers in providing value-based care, hence propelling market growth, by providing superior, innovative diagnostic solutions.
Quality Control and Supply Chain Disruptions to Impede the Market Growth
Few restraints of the market are:
This section focuses on providing detailed analysis of two particular market segments for IVD contract manufacturing, the dominant device type and the significant technology. The two main segments discussed below are the IVD equipment and immunoassay.
Device Type | IVD Equipment |
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CAGR from 2024 to 2034 | 11.8% |
The IVD equipment segment is anticipated to expand with a 11.8% CAGR through 2034. Since IVD equipment is essential to diagnostic testing, it is expected to be widely used in the IVD contract manufacturing market.
These gadgets, which include analyzers and sample processing tools, are necessary for carrying out a wide range of diagnostic tests effectively and precisely. IVD equipment becomes more important in contract manufacturing services as the need for diagnostic testing increases.
Technology | Immunoassay |
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CAGR from 2024 to 2034 | 11.5% |
During the forecast period, the immunoassay segment is likely to garner an 11.5% CAGR. With its broad range of applications and adaptability, immunoassay technology is set to become more and more popular in the IVD contract manufacturing market.
As the need for customized medicine and focused treatments grows, immunoassays provide reliable biomarker and analyte detection, enabling precise diagnosis and therapy tracking. Immunoassays are becoming a more appealing alternative for contract manufacturing services due to advancements like multiplexing capabilities and downsizing, which increase throughput and efficiency.
This section will go into detail on the IVD contract manufacturing markets in a few key countries, including the United States, the United Kingdom, China, Japan and South Korea. This segment will focus on the key factors that are driving up demand in these countries for IVD contract manufacturing.
Countries | Forecast CAGR from 2024 to 2034 |
---|---|
The United States | 11.9% |
The United Kingdom | 12.9% |
China | 12.7% |
Japan | 13% |
South Korea | 14.1% |
The United States IVD contract manufacturing ecosystem is anticipated to gain a CAGR of 11.9% through 2034. Factors that are bolstering the growth are:
The IVD contract manufacturing market in the United Kingdom is expected to expand with a 12.9% CAGR through 2034. The factors pushing the growth are:
The IVD contract manufacturing ecosystem in China is anticipated to develop with a 12.7% CAGR from 2024 to 2034. The drivers behind this growth are:
The IVD contract manufacturing industry in Japan is anticipated to reach a 13% CAGR from 2024 to 2034. The drivers propelling growth forward are:
The IVD contract manufacturing ecosystem in South Korea is likely to evolve with a 14.1% CAGR during the forecast period. The factors bolstering the growth are:
Organizations in this market frequently take deliberate action to break negative trends and foster positive development when growth is flagging. Some of them are
In Response to a Downturn in Growth
Remaining at the Forefront with the Integration of Advanced Technology
Vertical Integration
In order to stay competitive, leading players in the global in vitro diagnostic (IVD) contract manufacturing market are concentrating on technical innovations, strategic alliances, and regional growth. To comply with regulations, they are making investments in innovative production facilities, putting effective supply chain management systems in place, and giving quality control procedures first priority.
These companies also emphasize customization and flexibility in their services to meet the different demands of their clients, positioning themselves as dependable and innovative partners in the IVD market. The key players in this market include:
Significant advancements in the IVD contract manufacturing market are being made by key market participants, and these include:
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 12.1% from 2024 to 2034 |
Market value in 2024 | USD 14.7 billion |
Market value in 2034 | USD 46 billion |
Base Year for Estimation | 2023 |
Historical Data | 2019 to 2023 |
Forecast Period | 2024 to 2034 |
Quantitative Units | USD billion for value |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Device Type, Technology, Service Type, End User |
Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
Key Companies Profiled | Celestica Inc.; Cenogenics Corporation; Cone Bioproducts; Fujirebio; Invetech; Jabil Inc.; Kimball Electronics, Inc.; Kmc Systems; Meridian Biosciences; Nemera; Nolato GW Inc. |
Customization Scope | Available on Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Value (US$ Million) Forecast by Device Type, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 4: Global Market Value (US$ Million) Forecast by Service Type, 2019 to 2034
Table 5: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 6: North America Market Value (US$ Million) Forecast by Device Type, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 8: North America Market Value (US$ Million) Forecast by Service Type, 2019 to 2034
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 10: Latin America Market Value (US$ Million) Forecast by Device Type, 2019 to 2034
Table 11: Latin America Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 12: Latin America Market Value (US$ Million) Forecast by Service Type, 2019 to 2034
Table 13: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Western Europe Market Value (US$ Million) Forecast by Device Type, 2019 to 2034
Table 15: Western Europe Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 16: Western Europe Market Value (US$ Million) Forecast by Service Type, 2019 to 2034
Table 17: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 18: Eastern Europe Market Value (US$ Million) Forecast by Device Type, 2019 to 2034
Table 19: Eastern Europe Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 20: Eastern Europe Market Value (US$ Million) Forecast by Service Type, 2019 to 2034
Table 21: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 22: South Asia and Pacific Market Value (US$ Million) Forecast by Device Type, 2019 to 2034
Table 23: South Asia and Pacific Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 24: South Asia and Pacific Market Value (US$ Million) Forecast by Service Type, 2019 to 2034
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: East Asia Market Value (US$ Million) Forecast by Device Type, 2019 to 2034
Table 27: East Asia Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 28: East Asia Market Value (US$ Million) Forecast by Service Type, 2019 to 2034
Table 29: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 30: Middle East and Africa Market Value (US$ Million) Forecast by Device Type, 2019 to 2034
Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 32: Middle East and Africa Market Value (US$ Million) Forecast by Service Type, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Device Type, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Technology, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Service Type, 2024 to 2034
Figure 4: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Device Type, 2019 to 2034
Figure 9: Global Market Value Share (%) and BPS Analysis by Device Type, 2024 to 2034
Figure 10: Global Market Y-o-Y Growth (%) Projections by Device Type, 2024 to 2034
Figure 11: Global Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 12: Global Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 13: Global Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 14: Global Market Value (US$ Million) Analysis by Service Type, 2019 to 2034
Figure 15: Global Market Value Share (%) and BPS Analysis by Service Type, 2024 to 2034
Figure 16: Global Market Y-o-Y Growth (%) Projections by Service Type, 2024 to 2034
Figure 17: Global Market Attractiveness by Device Type, 2024 to 2034
Figure 18: Global Market Attractiveness by Technology, 2024 to 2034
Figure 19: Global Market Attractiveness by Service Type, 2024 to 2034
Figure 20: Global Market Attractiveness by Region, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Device Type, 2024 to 2034
Figure 22: North America Market Value (US$ Million) by Technology, 2024 to 2034
Figure 23: North America Market Value (US$ Million) by Service Type, 2024 to 2034
Figure 24: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 28: North America Market Value (US$ Million) Analysis by Device Type, 2019 to 2034
Figure 29: North America Market Value Share (%) and BPS Analysis by Device Type, 2024 to 2034
Figure 30: North America Market Y-o-Y Growth (%) Projections by Device Type, 2024 to 2034
Figure 31: North America Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 34: North America Market Value (US$ Million) Analysis by Service Type, 2019 to 2034
Figure 35: North America Market Value Share (%) and BPS Analysis by Service Type, 2024 to 2034
Figure 36: North America Market Y-o-Y Growth (%) Projections by Service Type, 2024 to 2034
Figure 37: North America Market Attractiveness by Device Type, 2024 to 2034
Figure 38: North America Market Attractiveness by Technology, 2024 to 2034
Figure 39: North America Market Attractiveness by Service Type, 2024 to 2034
Figure 40: North America Market Attractiveness by Country, 2024 to 2034
Figure 41: Latin America Market Value (US$ Million) by Device Type, 2024 to 2034
Figure 42: Latin America Market Value (US$ Million) by Technology, 2024 to 2034
Figure 43: Latin America Market Value (US$ Million) by Service Type, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by Device Type, 2019 to 2034
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Device Type, 2024 to 2034
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Device Type, 2024 to 2034
Figure 51: Latin America Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 54: Latin America Market Value (US$ Million) Analysis by Service Type, 2019 to 2034
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Service Type, 2024 to 2034
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Service Type, 2024 to 2034
Figure 57: Latin America Market Attractiveness by Device Type, 2024 to 2034
Figure 58: Latin America Market Attractiveness by Technology, 2024 to 2034
Figure 59: Latin America Market Attractiveness by Service Type, 2024 to 2034
Figure 60: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 61: Western Europe Market Value (US$ Million) by Device Type, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) by Technology, 2024 to 2034
Figure 63: Western Europe Market Value (US$ Million) by Service Type, 2024 to 2034
Figure 64: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 65: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 66: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 67: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 68: Western Europe Market Value (US$ Million) Analysis by Device Type, 2019 to 2034
Figure 69: Western Europe Market Value Share (%) and BPS Analysis by Device Type, 2024 to 2034
Figure 70: Western Europe Market Y-o-Y Growth (%) Projections by Device Type, 2024 to 2034
Figure 71: Western Europe Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 72: Western Europe Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 73: Western Europe Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 74: Western Europe Market Value (US$ Million) Analysis by Service Type, 2019 to 2034
Figure 75: Western Europe Market Value Share (%) and BPS Analysis by Service Type, 2024 to 2034
Figure 76: Western Europe Market Y-o-Y Growth (%) Projections by Service Type, 2024 to 2034
Figure 77: Western Europe Market Attractiveness by Device Type, 2024 to 2034
Figure 78: Western Europe Market Attractiveness by Technology, 2024 to 2034
Figure 79: Western Europe Market Attractiveness by Service Type, 2024 to 2034
Figure 80: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 81: Eastern Europe Market Value (US$ Million) by Device Type, 2024 to 2034
Figure 82: Eastern Europe Market Value (US$ Million) by Technology, 2024 to 2034
Figure 83: Eastern Europe Market Value (US$ Million) by Service Type, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 85: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 88: Eastern Europe Market Value (US$ Million) Analysis by Device Type, 2019 to 2034
Figure 89: Eastern Europe Market Value Share (%) and BPS Analysis by Device Type, 2024 to 2034
Figure 90: Eastern Europe Market Y-o-Y Growth (%) Projections by Device Type, 2024 to 2034
Figure 91: Eastern Europe Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 92: Eastern Europe Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 93: Eastern Europe Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 94: Eastern Europe Market Value (US$ Million) Analysis by Service Type, 2019 to 2034
Figure 95: Eastern Europe Market Value Share (%) and BPS Analysis by Service Type, 2024 to 2034
Figure 96: Eastern Europe Market Y-o-Y Growth (%) Projections by Service Type, 2024 to 2034
Figure 97: Eastern Europe Market Attractiveness by Device Type, 2024 to 2034
Figure 98: Eastern Europe Market Attractiveness by Technology, 2024 to 2034
Figure 99: Eastern Europe Market Attractiveness by Service Type, 2024 to 2034
Figure 100: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 101: South Asia and Pacific Market Value (US$ Million) by Device Type, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) by Technology, 2024 to 2034
Figure 103: South Asia and Pacific Market Value (US$ Million) by Service Type, 2024 to 2034
Figure 104: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 105: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 106: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 107: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 108: South Asia and Pacific Market Value (US$ Million) Analysis by Device Type, 2019 to 2034
Figure 109: South Asia and Pacific Market Value Share (%) and BPS Analysis by Device Type, 2024 to 2034
Figure 110: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Device Type, 2024 to 2034
Figure 111: South Asia and Pacific Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 112: South Asia and Pacific Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 113: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 114: South Asia and Pacific Market Value (US$ Million) Analysis by Service Type, 2019 to 2034
Figure 115: South Asia and Pacific Market Value Share (%) and BPS Analysis by Service Type, 2024 to 2034
Figure 116: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Service Type, 2024 to 2034
Figure 117: South Asia and Pacific Market Attractiveness by Device Type, 2024 to 2034
Figure 118: South Asia and Pacific Market Attractiveness by Technology, 2024 to 2034
Figure 119: South Asia and Pacific Market Attractiveness by Service Type, 2024 to 2034
Figure 120: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 121: East Asia Market Value (US$ Million) by Device Type, 2024 to 2034
Figure 122: East Asia Market Value (US$ Million) by Technology, 2024 to 2034
Figure 123: East Asia Market Value (US$ Million) by Service Type, 2024 to 2034
Figure 124: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 125: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 126: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 127: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 128: East Asia Market Value (US$ Million) Analysis by Device Type, 2019 to 2034
Figure 129: East Asia Market Value Share (%) and BPS Analysis by Device Type, 2024 to 2034
Figure 130: East Asia Market Y-o-Y Growth (%) Projections by Device Type, 2024 to 2034
Figure 131: East Asia Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 132: East Asia Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 133: East Asia Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 134: East Asia Market Value (US$ Million) Analysis by Service Type, 2019 to 2034
Figure 135: East Asia Market Value Share (%) and BPS Analysis by Service Type, 2024 to 2034
Figure 136: East Asia Market Y-o-Y Growth (%) Projections by Service Type, 2024 to 2034
Figure 137: East Asia Market Attractiveness by Device Type, 2024 to 2034
Figure 138: East Asia Market Attractiveness by Technology, 2024 to 2034
Figure 139: East Asia Market Attractiveness by Service Type, 2024 to 2034
Figure 140: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 141: Middle East and Africa Market Value (US$ Million) by Device Type, 2024 to 2034
Figure 142: Middle East and Africa Market Value (US$ Million) by Technology, 2024 to 2034
Figure 143: Middle East and Africa Market Value (US$ Million) by Service Type, 2024 to 2034
Figure 144: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 145: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 146: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 147: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 148: Middle East and Africa Market Value (US$ Million) Analysis by Device Type, 2019 to 2034
Figure 149: Middle East and Africa Market Value Share (%) and BPS Analysis by Device Type, 2024 to 2034
Figure 150: Middle East and Africa Market Y-o-Y Growth (%) Projections by Device Type, 2024 to 2034
Figure 151: Middle East and Africa Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 152: Middle East and Africa Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 153: Middle East and Africa Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 154: Middle East and Africa Market Value (US$ Million) Analysis by Service Type, 2019 to 2034
Figure 155: Middle East and Africa Market Value Share (%) and BPS Analysis by Service Type, 2024 to 2034
Figure 156: Middle East and Africa Market Y-o-Y Growth (%) Projections by Service Type, 2024 to 2034
Figure 157: Middle East and Africa Market Attractiveness by Device Type, 2024 to 2034
Figure 158: Middle East and Africa Market Attractiveness by Technology, 2024 to 2034
Figure 159: Middle East and Africa Market Attractiveness by Service Type, 2024 to 2034
Figure 160: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The IVD contract manufacturing market is expected to garner a 12.1% CAGR from 2024 to 2034.
By 2024, the global IVD contract manufacturing market is likely to gain USD 14.7 billion.
By 2034, the IVD contract manufacturing market valuation is likely to reach a sum of USD 46 billion.
The IVD contract manufacturing industry in the United States is likely to garner an 11.9% CAGR during the forecast period.
IVD equipment is the top device for the IVD contract manufacturing and likely to garner an 11.8% CAGR through 2034.
The immunoassay technology is the dominant technology in this market, anticipated to expand with an 11.5% CAGR through 2034.
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