In Vitro Diagnostics Test Kit Market: Rising Geriatric Population And Subsequent Growth In The Prevalence Of Chronic And Infectious Diseases

The development of automated in vitro diagnostic systems for laboratories and hospitals to provide efficient, accurate, and error-free diagnosis.

[ 359 Pages Report] The global in vitro diagnostics market size is projected to reach USD 96.0 billion by 2025 from USD 84.5 billion in 2020, at a CAGR of 2.6%. The development of automated in vitro diagnostic systems for laboratories and hospitals to provide efficient, accurate, and error-free diagnosis is expected to fuel market growth. The rising demand for POC IVD devices has positively impacted the growth of the global IVD market.

The major factor that contributes to the in vitro diagnostics market growth of the in vitro diagnostic market include surge in number of in vitro diagnostic tests, which is attributable to rise in incidences of chronic and infectious diseases. The recently launched IVD instruments/devices are convenient to use and highly efficient, which has increased their adoption among healthcare professionals.

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Need More information about Report Methodology? Click here IVD market includes major Tier I and II suppliers like Roche Diagnostics, Abbott Laboratories and Siemens Healthineers. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. COVID-19 has impacted their businesses as well. The companies started introducing rapid diagnostic tests to sustain market competition.

Key Manufacturers and Suppliers of In Vitro Diagnostics Test Kit Market:

Some of the leading manufacturers and suppliers of In Vitro Diagnostics market include

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