The report on In Vitro Diagnostics Market by test location (Central lab, Point of Care and Self-test/OTC), by
region (North America, Europe, Asia Pacific and rest of the world) trends analysis and forecasts up to 2023
studies the market sizes, key trends and opportunities in the main geographies such as North America,
Europe, Asia-Pacific, Rest of the World. According to the report the Global In Vitro Diagnostics Market is
projected to grow at a CAGR of 6.0% in terms of value over the period of 2017-2023. The growth in the world
market is primarily driven by significant contribution by North America (Leading region) region to this market.
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IVD is an important segment in the global healthcare industry. The marketplace is witnessing rapid growth
fuelled by technological advancements, better diagnostic tools, and improved treatment monitoring, and
increased availability of over-the-counter tests. IVDs add significant value to treatment processes and medical
diagnoses, enhancing the well-being of the general public.
One of the key driving factors for this market include increasing demand for infectious disease testing
because new pathogen strains develop each year such as in seasonal influenza and H1N1. Additionally,
hospital acquired infections, like Methicillin-resistant Staphylococcus aureus (MRSA), necessitate increased
testing. Moreover, increasing prevalence of chronic lifestyle diseases, rise in demand for point-of-care
diagnostics, growth in emerging markets, and increasing investments represent significant growth
opportunities for the in vitro diagnostics market.
Infinium Global Research