U.S. In-Vitro Diagnostic Substances Market. Analysis And Forecast to 2030
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View PricingIn-Vitro Diagnostic Substance Price in the United States - 2023
Contents:
- in-Vitro Diagnostic Substance Price in the United States (FOB) - 2023
- in-Vitro Diagnostic Substance Price in the United States (CIF) - 2022
- in-Vitro Diagnostic Substance Exports in the United States
- in-Vitro Diagnostic Substance Imports in the United States
in-Vitro Diagnostic Substance Price in the United States (FOB) - 2023
The average in-vitro diagnostic substance export price stood at $115K per ton in August 2023, almost unchanged from the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 15% against the previous month. Over the period under review, the average export prices hit record highs at $129K per ton in January 2023; however, from February 2023 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($200K per ton), while the average price for exports to Italy ($52,806 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
in-Vitro Diagnostic Substance Price in the United States (CIF) - 2022
In 2022, the average in-vitro diagnostic substance import price amounted to $252,783 per ton, growing by 72% against the previous year. In general, the import price saw a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ireland ($2,240,801 per ton), while the price for Mexico ($45,965 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+51.4%), while the prices for the other major suppliers experienced more modest paces of growth.
in-Vitro Diagnostic Substance Exports in the United States
In 2022, the amount of in-vitro diagnostic substances exported from the United States rose slightly to 103K tons, with an increase of 4.2% on the previous year's figure. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 327%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, in-vitro diagnostic substance exports expanded modestly to $12.7B in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.6% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 22%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of in-Vitro Diagnostic Substance in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,317 | 1,567 | 1,625 | 1,731 | 9.5% |
| China | 1,125 | 1,200 | 1,322 | 1,613 | 12.8% |
| Netherlands | 651 | 1,010 | 1,176 | 1,142 | 20.6% |
| Japan | 553 | 557 | 804 | 1,122 | 26.6% |
| Canada | 593 | 823 | 1,207 | 999 | 19.0% |
| France | 406 | 439 | 505 | 496 | 6.9% |
| South Korea | 328 | 387 | 471 | 447 | 10.9% |
| Australia | 203 | 251 | 357 | 405 | 25.9% |
| Mexico | 210 | 245 | 275 | 402 | 24.2% |
| Italy | 203 | 253 | 314 | 362 | 21.3% |
| Brazil | 193 | 249 | 317 | 321 | 18.5% |
| Belgium | 234 | 231 | 235 | 252 | 2.5% |
| India | 143 | 161 | 301 | 239 | 18.7% |
| Others | 2,314 | 2,973 | 3,534 | 3,148 | 10.8% |
| Total | 8,475 | 10,346 | 12,442 | 12,681 | 14.4% |
Top Export Markets for in-Vitro Diagnostic Substance from the United States in 2022:
- Germany (14.1K tons)
- China (11.7K tons)
- Canada (6.1K tons)
- Netherlands (6.0K tons)
- Italy (5.9K tons)
- France (5.8K tons)
- Brazil (5.7K tons)
- Japan (5.6K tons)
- Mexico (5.5K tons)
- Belgium (5.1K tons)
- South Korea (3.0K tons)
- India (2.9K tons)
- Australia (2.7K tons)
in-Vitro Diagnostic Substance Imports in the United States
In 2022, approx. 112K tons of in-vitro diagnostic substances were imported into the United States; with an increase of 61% against the previous year's figure. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, in-vitro diagnostic substance imports soared to $28.2B in 2022. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of in-Vitro Diagnostic Substance in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 122 | 191 | 1,039 | 5,292 | 251.4% |
| Germany | 820 | 997 | 1,283 | 4,548 | 77.0% |
| China | 213 | 729 | 819 | 4,123 | 168.5% |
| Japan | 276 | 302 | 602 | 2,747 | 115.1% |
| United Kingdom | 675 | 753 | 1,405 | 1,718 | 36.5% |
| South Korea | 76.9 | 299 | 248 | 1,293 | 156.2% |
| Canada | 588 | 769 | 659 | 670 | 4.4% |
| Norway | 429 | 445 | 450 | 461 | 2.4% |
| Italy | 149 | 279 | 333 | 458 | 45.4% |
| Sweden | 352 | 541 | 823 | 400 | 4.4% |
| France | 262 | 291 | 418 | 363 | 11.5% |
| Mexico | 24.7 | 45.7 | 100 | 248 | 115.7% |
| Hong Kong SAR | 0.3 | 4.6 | 52.1 | 199 | 772.1% |
| Others | 1,220 | 1,603 | 1,965 | 5,713 | 67.3% |
| Total | 5,208 | 7,250 | 10,194 | 28,234 | 75.7% |
Top Suppliers of in-Vitro Diagnostic Substance to the United States in 2022:
- China (45.7K tons)
- Germany (9.8K tons)
- Canada (8.2K tons)
- South Korea (6.0K tons)
- Mexico (5.4K tons)
- Norway (5.4K tons)
- Sweden (5.0K tons)
- Italy (4.0K tons)
- United Kingdom (3.7K tons)
- France (3.4K tons)
- Ireland (2.4K tons)
- Japan (2.3K tons)
- Hong Kong SAR (2.2K tons)
This report provides an in-depth analysis of the in-vitro diagnostic substance market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 325413 - In-vitro diagnostic substances manufacturing
Companies mentioned:
- Abbott Diabetes Care
- Orasure Technologies
- Amag Pharmaceuticals
- Streck, Diasorin Inc.
- Diadexus
- Rapid Pathogen Screening
- Maine Biotechnology Services
- Saladax Biomedical
- Corgenix Medical Corporation
- George King Bio-Medical
- Princeton Biomeditech Corp
- Banyan Biomarkers
- Anatech
- Dxna LLC
- CD Diagnostics
- Akers Biosciences
- Helica Biosystems
- Green Mountain Antibodies
- Biospacific, Innominata
- Phase 2 Discovery
- Immuno Concepts
- Hepatochem
- Lifecare Medical International
- Horizon Diagnostic
- Immucor Gti Diagnostics
- Werfen USA
- Ivd Intermediate Holdings B Inc.
- Opko Diagnostics
- Horizon Diagnostic Inc
- Immucor Gti Diagnostics
- Werfen USA
- Ivd Intermediate Holdings B Inc.
- Opko Diagnostics
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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American exports of in-vitro diagnostic substances reached $10.3B, hitting a record high during the past decade. Germany, China, Netherlands and Canada constitute the largest importers of in-vitro diagnostic substances from the U.S. The average export price for in-vitro diagnostic substances rose by +11% y-o-y to $20,116 per ton last year.
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