In Vitro Diagnostics Market Driven By Innovations &
Technological Advancements In IVD Industry
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The global in vitro diagnostics (IVD) market size was estimated at USD 60.17 billion in 2016. The rise
in prevalence of gastrointestinal disorders and sexually transmitted diseases, coupled with increase
in requirement for large-scale population screening will grow the market in the forecast years. For
instance, new generation cancer diagnostics are in demand for identifying if a particular medicine or
treatment would be effective on the patients. Innovations and advancements in these technologies
will help to grow the market, further leading to introduction of new test applications.
The rise in the base population with increase in command for diagnostic testing will help to boost the
IVD market. Also, rising incidence of diabetes is expected to increase the demand of proper
diagnostics for patients who use these devices regularly to examine their blood glucose level.
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