Market Size of Netherlands In-Vitro Diagnostics Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.28 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Netherlands In Vitro Diagnostics Market Analysis
The Netherlands in vitro diagnostics (IVD) market is expected to register a CAGR of 5.28% over the forecast period.
The COVID-19 pandemic significantly affected the invitro diagnostic market in the Netherlands owing to factors such as delayed laboratory appointments and reduced diagnostics. For instance, as per an article published in February 2022 by PubMed, the largest decrease in diagnostics was seen during the first lockdown, when the number of pathology reports declined up to 88%, and almost all specimen types were affected in the Netherlands. Pathologists were among them, receiving fewer specimens than usual, particularly during the lockdown. However, with restrictions lifted, the invitro diagnostics market is likely to witness growth in the coming years due to the rise in chronic disease, increase in testing laboratories, and demand for point-of-care testing.
The major factors fuelling this market include a rapid increase in chronic diseases, increasing demand for point-of-care testing and personalized medicine, and technological advances, along with the rising geriatric population in the country. For instance, according to VZinfo, in 2021, 53,100 new patients with diabetes were estimated to be diagnosed in the Netherlands. This estimated 29,600 men and 23,500 women (3.4 per 1,000 men and 2.7 per 1,000 women). In almost all age groups, the number is higher for men than for women. In addition, patients can deal with their conditions better with the help of IVDs (diabetic patients can use portable blood glucose monitors regularly to determine their blood glucose level). Furthermore, as per a Centraal Bureau Voor de Statistiek report in 2021, half of Dutch adults were overweight and 13.9% were severely overweight or obese and more prone to chronic diseases. The demand for IVD products is influenced by the increase in incidences of chronic diseases, thereby pushing market growth. Furthermore, government schemes to reduce the cost of IVD procedures in the Netherlands are also anticipated to promote market growth. For instance, according to the European Diagnostic Manufacturers Association (EDMA), the cost of IVDs is less than EUR 21 per person per year.
Netherlands In Vitro Diagnostics Industry Segmentation
As per the scope of the report, in vitro diagnostics involves medical devices and consumables utilized to perform in vitro tests on various biological samples. They are used for the diagnosis of various medical conditions, such as diabetes and cancer.
The Netherlands in vitro diagnostics market is segmented by Technology (Clinical Chemistry, Immunoassays, Hematology, Coagulation and Hemostasis, Microbiology, Point-of-Care Diagnostics, and Molecular Diagnostics), Product (Instrument, Reagent, and Other Products), Usability (Disposable IVD devices, Reusable IVD devices), Application (Infectious Disease, Diabetes, Cancer/ Oncology, Cardiology, Nephrology, and Other Applications) and End User (Diagnostic Laboratories, Hospitals and Clinics and Other End Users). The report offers the value (in USD million) for the above segments.
By Test Type | |
Clinical Chemistry | |
Molecular Diagnostics | |
Immuno Diagnostics | |
Haematology | |
Other Test Types |
By Product | |
Instrument | |
Reagent | |
Other Products |
By Usability | |
Disposable IVD Devices | |
Reusable IVD Devices |
By Application | |
Infectious Disease | |
Diabetes | |
Cancer/Oncology | |
Cardiology | |
Nephrology | |
Other Applications |
By End User | |
Diagnostic Laboratories | |
Hospitals and Clinics | |
Other End Users |
Netherlands In-Vitro Diagnostics Market Size Summary
The Netherlands in vitro diagnostics market is poised for significant growth, driven by an increasing prevalence of chronic diseases, a rising geriatric population, and advancements in technology. The market experienced disruptions during the COVID-19 pandemic, with a notable decline in diagnostics due to delayed laboratory appointments and reduced testing. However, as restrictions have eased, the market is expected to expand, supported by the growing demand for point-of-care testing and personalized medicine. The molecular diagnostics segment, in particular, is anticipated to grow due to the need for early diagnosis of chronic diseases and the rising incidence of cancer. Government initiatives to reduce the cost of IVD procedures further bolster market growth, making diagnostics more accessible to the population.
The infectious disease segment is projected to experience the fastest growth, fueled by an increase in infectious disease cases and laboratory service expansions. Strategic partnerships and new product launches, such as the introduction of innovative testing platforms, are expected to drive market dynamics. Key players like Roche Diagnostics, Abbott Laboratories, and Thermo Fisher Scientific hold significant market shares, contributing to the competitive landscape. The market's growth is also supported by collaborations aimed at enhancing testing capacities and addressing public health challenges, such as the recent agreements to expand COVID-19 testing and the development of diagnostic tools for diseases like monkeypox and influenza.
Netherlands In-Vitro Diagnostics Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rapid Increase in Chronic Diseases
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1.2.2 Increasing Number of Private Hospitals and Independent Testing Laboratories
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1.2.3 Increasing Demand for Point-of-Care Testing and Personalized Medicine
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1.3 Market Restraints
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1.3.1 Stringent Regulatory Framework
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD Million)
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2.1 By Test Type
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2.1.1 Clinical Chemistry
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2.1.2 Molecular Diagnostics
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2.1.3 Immuno Diagnostics
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2.1.4 Haematology
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2.1.5 Other Test Types
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2.2 By Product
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2.2.1 Instrument
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2.2.2 Reagent
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2.2.3 Other Products
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2.3 By Usability
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2.3.1 Disposable IVD Devices
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2.3.2 Reusable IVD Devices
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2.4 By Application
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2.4.1 Infectious Disease
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2.4.2 Diabetes
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2.4.3 Cancer/Oncology
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2.4.4 Cardiology
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2.4.5 Nephrology
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2.4.6 Other Applications
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2.5 By End User
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2.5.1 Diagnostic Laboratories
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2.5.2 Hospitals and Clinics
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2.5.3 Other End Users
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Netherlands In-Vitro Diagnostics Market Size FAQs
What is the current Netherlands In-Vitro Diagnostics Market size?
The Netherlands In-Vitro Diagnostics Market is projected to register a CAGR of 5.28% during the forecast period (2024-2029)
Who are the key players in Netherlands In-Vitro Diagnostics Market?
F. Hoffmann-La Roche AG, Abbott Laboratories, Bio-Rad Laboratories Inc., Danaher Corporation and Thermo Fisher Scientific Inc. are the major companies operating in the Netherlands In-Vitro Diagnostics Market.