The in-vitro diagnostics market size reached USD 95.30 billion in 2021, according to the new report by GlobalData Plc. The report examines the in-vitro diagnostics market to be driven by the rising incidences of chronic and infectious diseases. In addition, the growing demand for point-of-care testing coupled with the surging innovation in molecular diagnostics will further propel the market to garner a CAGR of 4.59% during the projected period.
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The IVD market growth is expected to be influenced positively during the forecast period owing to various trends including the development of novel disease-specific biomarkers, product launches, and technological advancements in the IVD systems. However, some challenges like cumbersome reimbursement scenarios and shifts in the regulatory landscape in the EU might hinder the market’s growth during the upcoming years.
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In-vitro Diagnostics Market Report Highlights
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In-vitro Diagnostics Segment Highlights
IVD by Products Outlook (Revenue, USD Million, 2020-2027)
IVD by Technology Outlook (Revenue, USD Million, 2020-2027)
IVD by Application Outlook (Revenue, USD Million, 2020-2027)
IVD by End-use Outlook (Revenue, USD Million, 2020-2027)
IVD by Regional Opportunities Outlook (Revenue, USD Million, 2022-2027)
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