2024 In Vitro Diagnostic (IVD) In Cardiology And Neurology Market Outlook: Size, Share, and Key Growth Drivers
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What is the Expected Growth Rate of the In Vitro Diagnostic (IVD) In Cardiology And Neurology Market from 2024 to 2033?
The in vitro diagnostic (IVD) market in cardiology and neurology is expected to grow from $14.58 billion in 2023 to $15.84 billion in 2024, with a CAGR of 8.7%. Key factors include the rise in age-related disorders, an aging population, emphasis on preventive healthcare, and supportive regulatory frameworks.
The in vitro diagnostic (IVD) in cardiology and neurology market is expected to experience significant growth, projected to reach $22.18 billion by 2028 with a CAGR of 8.8%. Factors driving this growth include the shift toward personalized medicine, demand for rapid testing solutions, expansion of telemedicine, and increased research initiatives. Major trends include liquid biopsy technologies, nanotechnology advancements, remote monitoring device adoption, multiplex biomarker panel use, innovations in imaging modalities, and companion diagnostics development.
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What Key Factors Are Fueling the Growth of the In Vitro Diagnostic (IVD) In Cardiology And Neurology Market?
The expansion of personalized medicine is expected to drive growth in the in vitro diagnostic (IVD) market for cardiology and neurology. Personalized medicine tailors treatments to individual patient characteristics, driven by advances in genomics and regulatory support. IVD tests provide critical genetic and disease information to guide tailored treatment plans. The Personalized Medicine Coalition noted that 12 new personalized medicines accounted for about 34% of all new therapies approved in 2022, marking a significant increase. Hence, the rise in personalized medicine is advancing the IVD market in these fields.
What Are the Major Segments of the In Vitro Diagnostic (IVD) In Cardiology And Neurology Market?
1) By Product Type: Instruments, Reagents And Consumables, Software And Services
2) By Technology: Immunoassays, Molecular Diagnostics, Hematology, Other Technologies
3) By End-User: Hospitals, Clinical Laboratories, Other End-Users
What New Trends Are Transforming the In Vitro Diagnostic (IVD) In Cardiology And Neurology Market?
Companies in the in vitro diagnostic (IVD) cardiology and neurology market are developing AI-enabled engines for early disease detection. In February 2023, Cardio Diagnostics launched PrecisionCHD, an AI-based blood test for coronary heart disease, combining genetic and epigenetic analysis for risk assessment.
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Which Regions Are Driving Growth in the In Vitro Diagnostic (IVD) In Cardiology And Neurology Market?
North America was the largest region in the in vitro diagnostic (IVD) in cardiology and neurology market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the in vitro diagnostic (IVD) in cardiology and neurology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The In Vitro Diagnostic (IVD) In Cardiology And Neurology Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the in vitro diagnostic (ivd) in cardiology and neurology market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The In Vitro Diagnostic (IVD) In Cardiology And Neurology Market Include
1. In Vitro Diagnostic (IVD) In Cardiology And Neurology Market Executive Summary
2. In Vitro Diagnostic (IVD) In Cardiology And Neurology Market Segments
3. In Vitro Diagnostic (IVD) In Cardiology And Neurology Market Size And Template Market Growth Rate
4. Key In Vitro Diagnostic (IVD) In Cardiology And Neurology Market Trends
5. Major In Vitro Diagnostic (IVD) In Cardiology And Neurology Market Drivers
……
25. Key Mergers And Acquisitions In The In Vitro Diagnostic (IVD) In Cardiology And Neurology Market
26. Top In Vitro Diagnostic (IVD) In Cardiology And Neurology Companies
27. In Vitro Diagnostic (IVD) In Cardiology And Neurology Market Opportunities And Strategies
28. In Vitro Diagnostic (IVD) In Cardiology And Neurology Market, Conclusions And Recommendations
29. Appendix
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