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A new report by Industry Experts, Inc., on " In Vitro Diagnostics (IVD) Market ", reveals that the global In Vitro Diagnostics (IVD) market is estimated at US$83.3 billion in 2024 and is projected to post a CAGR of 5.63% between 2024 and 2030 to reach US$115.7 billion in 2030. The global In Vitro Diagnostics (IVD) market growth is driven by several factors. The increasing incidence of chronic, genetic, cardiovascular, and neurological diseases places a considerable burden on healthcare systems, creating a need for efficient diagnostic tools. Early disease detection, supported by IVD, plays a crucial role in preventing disease progression and minimizing complex treatments, enhancing healthcare outcomes while reducing costs. Government initiatives, such as the WHO's Essential In Vitro Diagnostics List (EDL), promote the widespread adoption of IVDs. Additionally, Point-of-Care Testing (POCT) is expanding, driven by the need for quick, localized diagnostics, part...

Industry Experts released the 2017 version of its global report on In Vitro Diagnostics market. The new report titled ‘ In Vitro Diagnostics – A Global Market Overview ’ analyzes the global market of In Vitro Diagnostics (IVD) by geographic region, major country and prominent IVD technologies while special citation on end-use sectors in the United States and German markets. Clinical Chemistry is estimated to be the principal technology segment in the global IVD market cornering a market of $19.7 billion in 2017. The In Vitro Diagnostics (IVD) industry is being positively impacted due to several factors that include rising global and regional trends of aging populations, growth in non-communicable diseases and greater affordability for treatment. Due to an increase in healthcare costs, greater weight is being given to evidence-based medicine with the aim of improving patient outcomes. The need for diagnostic devices in various conditions has been growing due to an aging population, ...