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IVD Packaging Market Size (2024 - 2029)

The in-vitro diagnostics packaging market is experiencing significant growth, driven by technological advancements and the increased availability of over-the-counter tests. The expansion of self-testing practices, the rise in point-of-care testing, and heightened government healthcare spending are key factors contributing to the market's growth. Additionally, the demand for faster diagnosis and the increased use of automation in sample collection are enhancing the importance of IVD packaging in the healthcare sector. Compliance with regulatory standards and the push for integrated healthcare systems further support the market's expansion.

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Market Size of IVD Packaging Industry

In-vitro Diagnostics Packaging Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.50 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

In-vitro Diagnostics Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

In-Vitro Diagnostics Packaging Market Analysis

The In-vitro Diagnostics (IVD) Packaging market was valued at USD 7.10 billion in 2020 and is expected to reach USD 9.23 billion by 2026, at a CAGR of 4.5% over the forecast period (2021 - 2026). The global in vitro diagnostics packaging market is booming mainly due to technological advancements, enhanced diagnostic tools, and increased availability of over-the-counter tests.

  • The rapidly-rising practice of self-testing by the people, an increasing number of point-of-care testing, increased government expenditures on healthcare, growing awareness of personalized medicine, and the increasing number of chronic diseases are some of the major factors boosting the growth of the in vitro diagnostics (IVD) packaging market.
  • The importance of IVD packaging is increasing in the healthcare sector, owing to the demand for faster diagnosis time and increased volume of samples obtained by the automation devices. This has resulted in the increased usage of IVD devices in hospitals.
  • Other contributing factors boosting the growth of the market include the pressure from the governments and industries across the world, to comply with the set regulations, due to the increasing demand for integrated healthcare systems. For instance, the FDA uses a risk-based regulatory scheme for medical devices (including IVDs).

In-Vitro Diagnostics Packaging Industry Segmentation

In vitro diagnostics are tests done on samples, such as blood or tissue, that are taken from the human body. In vitro diagnostics can detect diseases or other conditions, and can also be used to monitor a person’s overall health to help cure, treat, or prevent diseases.

By Product
Bottles
Vials
Tubes
Closures
Other Product Types
By End User
Hospitals
Laboratories
Academic Institutes
Other End Users
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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IVD Packaging Market Size Summary

The in-vitro diagnostics (IVD) packaging market is experiencing significant growth, driven by technological advancements and the increasing availability of over-the-counter tests. The demand for faster diagnosis and the automation of sample collection have heightened the importance of IVD packaging in the healthcare sector. Factors such as the rise in self-testing, the proliferation of point-of-care testing, and increased government healthcare spending are contributing to the market's expansion. Additionally, the growing awareness of personalized medicine and the prevalence of chronic diseases are further propelling the market forward. The shift from legacy systems to commercial solutions in laboratories is also expected to enhance market growth by providing flexible and reliable data management.

Regionally, the market is witnessing varied dynamics. In China, increased healthcare expenditure and the expansion of hospitals are driving market growth, while in Japan, the challenges of an aging population have led to heightened healthcare spending. India is emerging as a promising market due to its strong pharmaceutical manufacturing capabilities and success in obtaining regulatory approvals. The competitive landscape of the IVD packaging market is characterized by the presence of numerous domestic and international players, with major companies like Amcor Limited, Aptargroup Incorporated, and Thermo Fisher Scientific Incorporated leading the charge through product innovation and strategic mergers and acquisitions.

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IVD Packaging Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Introduction to Market Drivers and Restraints

    3. 1.3 Market Drivers

      1. 1.3.1 Growing Demand for Tubes

      2. 1.3.2 Increasing Number of Point-of-care Tests

    4. 1.4 Market Restraints

      1. 1.4.1 Environmental Concerns Related to Raw Materials for Packaging

    5. 1.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product

      1. 2.1.1 Bottles

      2. 2.1.2 Vials

      3. 2.1.3 Tubes

      4. 2.1.4 Closures

      5. 2.1.5 Other Product Types

    2. 2.2 By End User

      1. 2.2.1 Hospitals

      2. 2.2.2 Laboratories

      3. 2.2.3 Academic Institutes

      4. 2.2.4 Other End Users

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia-Pacific

      4. 2.3.4 Latin America

      5. 2.3.5 Middle East & Africa

IVD Packaging Market Size FAQs

The IVD Packaging Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)

Amcor Limited, Aptargroup Incorporated, Thermo Fisher Scientific Incorporated, Corning Incorporated and DWK Life Sciences are the major companies operating in the IVD Packaging Market.

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