DUBLIN--(BUSINESS WIRE)--May 17, 2018--The "Global In-Vitro Diagnostics (IVD) Packaging Market - Segmented by Products (Bottles, Vials, Tubes, Closures), End-User, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The in-vitro diagnostics (IVD) packaging market was valued at USD 6.34 billion in 2017, and is expected to reach a market value of USD 8.18 billion by 2023, registering a CAGR of 4.34% during the forecast period (2018-2023).

The growth of this market can be attributed to the growing percentage of aging population and people affected by chronic diseases. The recent advancements in packaging solutions have led to increased quality and performance of packaging materials at economical costs. In addition to point-of-care testing, the growing practice of self-testing by the public is another relevant factor contributing to the growth of the in-vitro diagnostics packaging market.

Increasing private investments and venture-funding towards the development of innovative products, in addition to growing government support to increase the adoption of point-of-contact medical devices, are providing an unprecedented boost to the global market.

The emphasis of IVD packaging is growing in the healthcare sector owing to the demand for faster diagnosis and increased volume obtained by automation devices. This has resulted in the increased usage of IVD devices in hospitals.

Key Highlights

Increasing Number of Point-of-care Tests To Drive the Market Growing Demand for Tubes to Drive the Market Rising Demand from Europe to Drive the Market

Key Developments in the Market

October 2017: Merck announced Amicon Ultra-4 and -15 Centrifugal Filter Units - 10,000 NMWL for IVD use. These centrifugal filter units designed for in-vitro diagnostic are intended to use for concentrating serum, urine, cerebrospinal fluid, and other body fluids before analysis.

Companies Mentioned

Bio-Rad Laboratories Inc. Corning Incorporated Greiner Holding AG Narang Medical Ltd. Amcor Limited GBF Inc. Duran Group Gmbh Wheaton Industries WS Packaging Group Sarstedt AG & Co. KG

Key Topics Covered

1. Introduction

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

5. Global IVD Packaging Market Segmentation

6. Competitive Intelligence - Company Profiles

7. Investment Analysis

8. Future Outlook of IVD Packaging Market

For more information about this report visit https://www.researchandmarkets.com/research/qsd7tn/invitro?w=4.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180517005922/en/

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Related Topics:In Vitro Diagnostics,Beverage Packaging,Pharmaceutical Packaging

KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA SOUTH AMERICA AFRICA MIDDLE EAST

INDUSTRY KEYWORD: HEALTH BIOTECHNOLOGY MEDICAL DEVICES MANUFACTURING PACKAGING PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 05/17/2018 10:44 AM/DISC: 05/17/2018 10:44 AM

http://www.businesswire.com/news/home/20180517005922/en