Report ID: SQSG35G2015
Report ID:
SQSG35G2015 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|
Tables:
124 |
Figures:
77
In-Vitro Diagnostics Market size was valued at USD 87.93 Billion in 2023 and is poised to grow from USD 92.59 Billion in 2024 to USD 139.94 Billion by 2032, growing at a CAGR of 5.3% during the forecast period (2025-2032).
In-vitro diagnostics refers to the tests performed in test tubes or similar lab equipment to detect diseases using samples from a living organism such as humans. High incidence of chronic diseases and growing demand for early and better diagnostics around the world are also projected to bolster the sales of in-vitro diagnostics products in the future. Growing investments in medical R&D and advancements in in-vitro technologies are also slated to play in the hands of in-vitro diagnostics companies going forward. Rapidly expanding senescent population, increasing demand for disease testing, and rising use of personalized medicine are other factors that offer lucrative opportunities for in-vitro diagnostics providers. However, high costs of development, stringent regulatory mandates, and limited reimbursement are slated to be the top constraints for in-vitro diagnostics demand outlook in the long run.
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Report ID: SQSG35G2015