IVD Market to Experience Exponential Growth by 2023 IVD Market | Page 3

IVD Market Overview
• Global IVD Market accounted for $61,103 million in 2016, and is estimated
to reach at $84,647 million by 2023, growing at a CAGR of 4.6% from 2017 to
2023.
• In vitro diagnostics field has evolved with technological advancements in the
diagnostic techniques and awareness about healthcare in the emerging
market.
• Increase in incidence of chronic and infectious diseases and increase in
geriatric population drive the global IVD market.
• In addition, growth in the number of public and private diagnostic centers,
and point of caring centers is expected to fuel the market during the analysis
period.