In Vitro Diagnostics – Market Insights – United States

The COVID-19 pandemic has negatively impacted the US IVD market, resulting in test volumes and revenue declines in 2020. However, following a period of recovery, the market will grow modestly through 2031, driven by the aging US population, the rise in incidences of chronic and infectious, diseases and the shift toward value-based healthcare, which will fuel the uptake of newer tests with the development of automated IVD systems, improved diagnostic accuracy and reduced turnaround time. The continuous increase in the launch of IVD products being launched by key players is also fueling the growth of the market

This Medtech 360 Report provides comprehensive data and analysis on the state of the market for IVDs in the US from 2019 through 2031.

The COVID-19 pandemic has negatively impacted the US IVD market to some extent.

How strongly has the US IVD market been impacted by the COVID-19 pandemic?

Which test types and segments have been most impacted?

At what pace is the market recovering?

The use of MDx tests will expand rapidly over the forecast period.

Which MDx tests will experience the highest growth throughout the forecast period?

How will adoption of MDx tests affect the other test segments in the IVD market?

The PAMA reimbursement revision will promote widespread pricing pressures and increase laboratory consolidation in the US.

How must vendors adjust their strategies to adapt to this trend?

How will the growth prospects of the market be affected?

How will test volumes between the different facility types be affected?

The IVD competitive landscape consists of large MNCs as well as smaller niche competitors specializing in specific segments and diseases.

How do strategies differ between MNCs and smaller companies in this space?

What are the key purchasing criteria laboratories consider when selecting an IVD manufacturer?

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