COVID-19 ripening the IVD market, fighting to the full, who can kill the tight encirclement?
Aug 12 , 2021

In vitro diagnostics (IVD) refers to the diagnostic method of taking samples (blood, body fluid, tissue, etc.) from the human body for detection, so as to judge the disease or body function. At present, more than 70% of the basis of clinical diagnosis and treatment comes from the results of in vitro diagnosis. Benefiting from the global economic development, aging and the popularization of new indicators and technologies, the global market of IVD has increased from US $56.6 billion in 2015 to US $68.8 billion in 2019, with a compound growth rate of about 5.0%. It is conservatively estimated that the global in vitro diagnosis will continue to maintain a compound growth of 5% by 2030, and the global in vitro diagnosis market is expected to exceed US $110 billion by 2030.

There is an obvious imbalance in the development of the global IVD market, in which developed countries such as the United States, Europe, Japan and South Korea account for more than 60%, but its overall growth rate remains at a low level, about 1-2%. The BRIC countries represented by China (China, India, Brazil and Russia) ushered in the high-speed development period of IVD, and the overall growth rate remained at 10% - 15%.

Due to China's large population base, high economic growth, continuous growth of medical security investment and per capita medical consumption expenditure, its in vitro diagnosis market has maintained a compound growth of 18% in recent years. It is expected that by 2030, China will become the world's largest IVD market, accounting for more than 30%.

At present, the mainstream classification of IVD includes biochemical diagnosis, immune diagnosis, molecular diagnosis, point of care testing (POCT), body fluid / blood diagnosis, microbial diagnosis and mass spectrometry diagnosis. Biochemical diagnosis, immune diagnosis and molecular diagnosis are the three main fields of in vitro diagnosis.

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