Medical diagnostics market size is set to grow by USD 74.58 billion from 2022

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09 Jun, 2023, 04:15 ET

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NEW YORK, June 9, 2023 /PRNewswire/ -- The global medical diagnostics market size is estimated to grow by USD 74.58 billion from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 6.15%. The growth momentum will be progressing during the forecast period. Asia is estimated to contribute to 38% of the market growth by 2027. The growth of the regional market is driven by various factors such as rising healthcare expenditures, increased aging and chronic prevalent population, and growing trends toward POC, clinical chemistry, and molecular diagnostic tools. Also, the growing prevalence of microsporidia infection in the geriatric population and the high preference toward technology-integrated medical diagnostics and POC devices are contributing to the growth of the medical diagnostics market in Asia. For more insights on the historic period (2017 to 2021), and forecast market size (2023 to 2027) - Request a sample report

What's New?

Global Medical Diagnostics Market - Segmentation AssessmentSegment OverviewTechnavio has segmented the market based on type (IVD and diagnostic imaging), and end-user (hospitals and clinics, diagnostic centers, research laboratories and institutes, and others).

Insights on the market contribution of various segments including country and region wise historic data (2017 to 2021) and forecast market size (2023 to 2027) - Download a Sample Report

Global Medical Diagnostics Market – Market DynamicsKey factor driving market growth

Leading trends influencing the market

Major challenges hindering the market growth

Market Drivers, trends, & Challenges, historic period of five years (2017 to 2021), and forecast period (2023 to 2027)- Request a sample report!

What are the key data covered in this Medical Diagnostics Market report?

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Medical Diagnostics Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.15%

Market growth 2023-2027

USD 74.58 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.69

Regional analysis

North America, Asia, Europe, and Rest of World (ROW)

Performing market contribution

Asia at 38%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., Abbott Laboratories, Agilent Technologies Inc., Becton Dickinson and Co., Bio Rad Laboratories Inc., bioMerieux SA, Charles River Laboratories, Danaher Corp., DiaSorin SpA, F. Hoffmann La Roche Ltd., General Electric Co., Hologic Inc., Medtronic Plc, QIAGEN NV, Quest Diagnostics Inc., Quidel Corp., Siemens AG, Sysmex Corp., and Thermo Fisher Scientific Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by End-user

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

SOURCE Technavio