The IVD Raw Materials Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the IVD Raw Materials Market?
The market size for IVD raw materials has experienced substantial growth recently. In 2024, it was valued at $25.13 billion and is expected to reach $27.73 billion in 2025, representing a compound annual growth rate (CAGR) of 10.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the IVD Raw Materials Industry?
The IVD raw materials global market is forecasted to reach $40.74 billion in 2029, with a compound annual growth rate (CAGR) of 10.1%.
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What are the Key Growth Drivers Fueling the IVD Raw Materials Market?
The key drivers in the ivd raw materials market are:
• Rising demand for rapid and highly sensitive diagnostic solutions
• Expanding use of molecular diagnostics specifically in the field of oncology
• Increasing burden of diseases related to the growing geriatric population
• Elevated demand for companion diagnostics and increased investments by biopharmaceutical companies.
Global Market Segmentation: Identifying Major IVD Raw Materials Industry Segments
The IVD raw materials market covered in this report is segmented –
1) By Product: Antibodies, Antigens, Enzymes, Proteins, Biological Buffers, Other Products
2) By Technology: Molecular Diagnostics, Clinical Chemistry, Immunochemistry, Other Technologies
3) By End User: Pharmaceutical And Biotechnology Companies, Diagnostic Laboratories, Contract Research Organizations, Other End Users
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What are the Emerging Trends Shaping the Future of the IVD Raw Materials Market?
The key trends in the ivd raw materials market are:
• The market is transitioning towards the usage of recombinant and synthetic raw materials.
• The integration of multiplex assays which require specialized materials is an emerging trend.
• There is a rising trend of adopting lyophilized and ready-to-use reagent formats.
• The development of raw materials specialized for microfluidic and lab-on-a-chip systems is shaping the market's future.
Who Are the Top Competitors & Leading Players in the IVD Raw Materials Market?
Major players in the ivd raw materials market are:
• F. Hoffmann-La Roche
• Merck KGaA
• Thermo Fisher Scientific
• Abbott Laboratories
• Siemens Healthineers
• Becton Dickinson and Company (BD)
• Agilent Technologies
• Sysmex Corporation
• Waters Corporation
• Bio-Rad Laboratories Inc.
• LGC Limited
• Neogen Corporation
• MP Biomedicals
• CUSABIO Technology
• Fujirebio
• Fapon Biotech
• ABclonal Technology
• Creative Diagnostics
• AIVD Biotech Inc.
• OPERON
• Beijing Diagreat Biotechnology Co. Ltd.
• Biosynth
• Aalto Bio Reagents
• Angstrom Biotech
• Eximio Biotech
• Glentham Life Sciences Limited
• OYC Americas Inc.
• NOVA Biologics Inc.
Regional Dominance: Which Area Leads the Global IVD Raw Materials Market?
North America was the largest region in the IVD raw materials market in 2024
