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In-vitro Diagnostics Market Size

  • Report ID: GMI2820
  • Published Date: Mar 2023
  • Report Format: PDF

In-vitro Diagnostics Market Size

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.

 

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market for in-vitro diagnostics recorded a valuation of more than USD 101 billion in 2022 and is primed to progress at a 3.5% CAGR between 2023 and 2032 propelled by surging incidences of chronic diseases such as blood pressure, other heart ailments, and lifestyle diseases globally.

Hematology segment is poised to grow at more than 4% CAGR from 2023 to 2032 as a result of their crucial role in the diagnosis and management of the COVID-19 illness.

In-vitro diagnostics market from infectious diseases application segment is anticipated to be valued at over USD 42 billion by 2032 owing to the demand for rapid diagnostic tests to identify and contain outbreaks.

North America market is slated to grow at more than 3% CAGR over 2023-2032 on account of escalating adoption of in-vitro diagnostics and supportive improvements in healthcare infrastructure in the region.

In-vitro Diagnostics Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 378
  • Countries covered: 31
  • Pages: 220
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