The Latin America Veterinary Laboratory Testing Service market will be USD 467.56 million in 2024 and is estimated to grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031. The market is foreseen to reach USD 1003.3 million by 2031 owing to the increased veterinary hospital industry.

According to Future Market Insights research, during the projected period, the Global point-of-care diagnostics market is expected to grow at a CAGR of 6.8%. The market value is projected to increase from US$ 38.7 Billion in 2023 to US$ 74.8 Billion by 2033. The point-of-care diagnostics market was valued at US$ 36.6 Billion at the end of 2022 and is anticipated to exhibit Y-o-Y growth of 5.8% in 2023.

Scope of the Global Point-of-Care Diagnostics Industry Report

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In-Vitro Diagnostics Instruments Market Size 2025-2029

The in-vitro diagnostics instruments market size is forecast to increase by USD 60.9 billion at a CAGR of 9.8% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the increasing geriatric population and the potential opportunities for physician office laboratories (POLs). The aging demographic is leading to a higher demand for diagnostic tests due to the prevalence of chronic diseases among older individuals. Furthermore, POLs are gaining prominence as they offer convenience, reduced wait times, and lower costs compared to central laboratories. However, market growth is not without challenges. Strained laboratory budgets and lowering reimbursements are affecting instrument sales, necessitating cost-effective solutions and innovative business models. Regulatory hurdles also impact adoption, as stringent regulations require extensive validation and approval processes for new instruments. Techniques like liquid biopsy and molecular diagnostics are gaining traction in oncology and infectious diseases.
Supply chain inconsistencies, particularly in raw materials and components, temper growth potential and require robust risk management strategies. Companies seeking to capitalize on market opportunities and navigate challenges effectively must focus on cost reduction, regulatory compliance, and supply chain resilience. By addressing these challenges and leveraging the growing demand for diagnostic instruments, market participants can seize opportunities and maintain a competitive edge. Personalized medicines and emerging markets, such as China and India, are driving demand for advanced diagnostic technologies, including companion diagnostics (CDx) and liquid biopsy.

What will be the Size of the In-Vitro Diagnostics Instruments Market during the forecast period?

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The market in the US is witnessing significant growth due to the integration of advanced technologies such as predictive diagnostics, machine learning, and molecular techniques. In disease screening, in-situ hybridization and image analysis are key techniques used, while viral load testing and biopsy analysis enable early detection and personalized treatment plans. Machine learning algorithms enhance data interpretation and clinical decision support, enabling more accurate results. Microbiology analyzers leverage next-generation sequencing platforms and mass spectrometry for infectious disease testing, while automated sample handling and error management systems ensure precision and efficiency. Decentralized testing and real-time PCR enable quick results, reducing the need for centralized laboratories. While routine diagnostic testing maintains a higher volume of activity, the growth of specialty testing in esoteric, pathology, and genetic testing areas is projected to outpace the overall market.
Automated immunoassay systems and digital PCR are revolutionizing serological testing, providing quantitative results. Lab automation, including automated microscopy and specimen management, streamlines workflows and reduces errors. Pathology informatics and laboratory informatics enable data interpretation and sample tracking, improving overall efficiency and patient monitoring. Multiplex assays and microarray technology offer increased throughput and reduced costs, making diagnostics more accessible to healthcare providers and patients. Cloud computing and clinical decision support systems enable remote access to diagnostic data, enhancing collaboration and improving patient care. Tissue diagnostics and lateral flow assays offer non-invasive testing options, expanding the scope of in-vitro diagnostics. Overall, the US market is poised for growth, driven by these trends and advancements in technology.

How is this In-Vitro Diagnostics Instruments Industry segmented?

The in-vitro diagnostics instruments industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Immunochemistry
  Clinical microbiology
  Molecular diagnostics
  Others


End-user

  Hospitals and diagnostic laboratories
  Academic and research institutes
  Home care


Application

  Infectious diseases
  Oncology
  Diabetes
  Cardiology
  Others


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Product Insights

The immunochemistry segment is estimated to witness significant growth during the forecast period. The market in the US and Europe is witnessing significant trends, driven by the integration of advanced technologies and the increasing demand for qui

Global Veterinary Diagnostics is segmented by Application (Livestock, Pets, Diagnostics Labs, Research) , Type (Immunodiagnostics, Clinical Biochemistry, Molecular Diagnostics, Hematology) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

The global anatomic pathology market size reached a valuation of US$ 32.5 Million in 2022 and is likely to grow at a robust CAGR of 8.2% between 2022 and 2030, surpassing US$ 61.1 Million by the end of 2030. Growth in the global anatomic pathology market is driven by rising application of anatomic pathology in disease diagnosis and drug discovery and development.

How The Market Progressed Till June 2022?

Scope of Report

Global Medical laboratory technology is segmented by Application (Hospitals, Diagnostic Laboratories, Research Institutions, Academic Institutions, Public Health Agencies), Type (Clinical Chemistry, Hematology, Microbiology, Immunology, Molecular Diagnostics) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

Global Lab Screening Test Kit is segmented by Application (Hospitals, Clinics, Laboratories, Medical research, Diagnostic testing), Type (Diagnostic tests, Medical tests, Laboratory supplies, Healthcare products, Medical devices) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

Global Clinical Laboratory Tests is segmented by Application (Healthcare, Diagnostics) , Type (Diagnostic Kits, PCR Testing, Blood Panels, Pathogen Detection, Biochemical Analyzers) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

Global Diagnostic Specialty Enzymes is segmented by Application (Hospitals, Diagnostic labs, Research centers) , Type (Amylase, Lipase, Protease, Lactase, DNA polymerase) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

The laboratory plasticware market is estimated to reach $2.25 billion by 2033, expanding at a CAGR of 4.8% over the forecast period (2025-2033). Key drivers of this growth include the increasing demand for plasticware in hospitals, research institutions, diagnostic centers, and the pharmaceutical and biotechnology industries. These industries heavily rely on plasticware for sample collection, handling, storage, and analysis. Furthermore, the growing need for reliable and convenient laboratory supplies, coupled with the rising focus on infection control, is driving the adoption of disposable plasticware. The market is segmented by material type, end-use, and region. Major material types used in laboratory plasticware include Low Density Polyethylene (LDPE), High Density Polyethylene (HDPE), Polystyrene, Polyvinyl Chloride (PVC), Polymethylpentene (PMP), and others. End-use applications span hospitals, research & academic institutes, diagnostic centers, pharmaceutical & biotechnology industries, and others. Regionally, the market is divided into North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa. North America currently holds the largest market share due to the presence of well-established healthcare infrastructure and a high demand for laboratory supplies. Asia Pacific is expected to witness significant growth over the forecast period, driven by the expanding healthcare sector and increasing research activities in the region. The global laboratory plasticware market size is projected to reach USD 10.5 billion units by 2027 from USD 7.8 billion units in 2022, exhibiting a CAGR of 4.5% during the forecast period. Various factors, such as growing demand from healthcare facilities, pharmaceutical industries, and research institutes globally, are expected to drive the market over the next five years. Recent developments include: In December 2023, Eppendorf SE Hamburg established a collaboration with Neste to enhance the development of laboratory products manufactured from plastic renewable raw materials. The strategic relationship enabled the development of a new range of renewable plastic lab consumables called Eppendorf consumables BioBased. , In October 2023, Berry introduced the first 20 and 25 liter containers comprising 35% recycled material, which have received UN approval for the transport of hazardous commodities for five of the six model liquids in the UN assessment. The addition of these additional containers to the company's famous Optimum range will help businesses accomplish their sustainability goals while also meeting customer demand for more sustainable packaging alternatives. .

Global PCT Fast Test Kit is segmented by Application (Healthcare, Diagnostics, Emergency care, Laboratories, Hospitals), Type (Fast test, Diagnostic, Medical, PCT, Portable) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

Global Microplate Instrumentation and Supplies Market Breakdown by Application (Drug Discovery, Clinical Diagnostics, Genomics, Proteomics, Environmental Testing, Research, Environmental Monitoring, Academic Labs) by Type (Absorbance Readers, Fluorescence Readers, Luminescence Readers, Hybrid Readers, Automated Systems) by Type of Instrumentation (Microplate Readers, Microplate Washers, Microplate Incubators, Microplate Shakers, Microplate Dispensers) by Type of Microplates (6-Well Plates, 24-Well Plates, 96-Well Plates, 384-Well Plates, 1536-Well Plates) by End User (Academic and Research Institutions, Pharmaceutical and Biotechnology Companies, Hospitals and Diagnostic Laboratories, Contract Research Organizations (CROs), Environmental and Food Testing Labs) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

Global Point of Care Testing is segmented by Application (Diagnostics, Healthcare, Home Healthcare, Emergency Medicine, Critical Care), Type (Blood Glucose Meters, Pregnancy Tests, Rapid Diagnostic Tests (RDTs), Blood Gas Analyzers, Coagulation Analyzers) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

Global Laboratory Heating Plates is segmented by Application (Research labs, pharmaceuticals, universities, testing, diagnostics) , Type (Digital heating plates, laboratory hotplates, magnetic stirring plates, variable temperature controllers, ceramic heating elements) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

Global Porphyrin Testing is segmented by Application (Healthcare, medical diagnostics, research), Type (Medical, Diagnostic, Testing, Health, Laboratory) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

Global Veterinary Reference Laboratory is segmented by Application (Veterinary care, animal health, diagnostics) , Type (Diagnostic testing, clinical pathology, immunology, molecular biology, microbiology) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)