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In-vitro Diagnostics Market size surpassed USD 101 billion in revenue in 2022 and is estimated to grow at a 3.5% CAGR between 2023 and 2032 driven by surging incidences of chronic diseases such as blood pressure, other heart ailments, and lifestyle diseases
The product demand is primarily fueled by the cumulative growth of infectious and chronic diseases worldwide. In-vitro diagnostics tests help in the accurate diagnosis of the underlying condition and thereby facilitate in providing effective treatment to the patients. Being the first line of defense against numerous diseases, these tests have grown in popularity, spurring market expansion.
Report Attribute | Details |
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Base Year: | 2022 |
In-vitro Diagnostics Market Size in 2022: | USD 101.2 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 3.5% |
2032 Value Projection: | USD 141 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 220 |
Tables, Charts & Figures: | 378 |
Segments covered: | Product, Test, Application, End-use, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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