The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s in-vitro diagnostics market report forecasts the in-vitro diagnostics market size to grow to $148.58 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.

Learn More On The In-Vitro Diagnostics Market Report 2023 – https://www.thebusinessresearchcompany.com/report/in-vitro-diagnostics-global-market-report

In-Vitro Diagnostics Market Size Forecast
The global in-vitro diagnostics market is expected to grow from $95.6 billion in 2022 to $106.53 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The in-vitro diagnostics market is expected to grow to $148.58 billion in 2027 at a CAGR of 8.7%.

North America held the largest in-vitro diagnostics market share.

Key In-Vitro Diagnostics Market Driver ­– Increase In Demand For Point-Of-Care Diagnostic Devices
For instance, in March 2020, Abbott launched Novel COVID-19 Test. The test will be used on the m2000 RealTime system available in hospitals and molecular labs in the U.S. Philips also launched a new handheld blood test, Handheld Minicare I-20 system used for diagnosing heart attacks in emergency departments which provide results within 10 minutes.

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Key In-Vitro Diagnostics Market Trend – Adopting IVD Devices
IVD devices are being integrated with IoT and data analytics technologies to improve device efficiency and increase device security. IoT refers to a system of interconnected devices via communication technologies such as WIFI and Bluetooth for data transfer and accessing devices remotely. Data analytics refers to qualitative and quantitative techniques, used to infer actionable information from large data sets. These technologies are helping in enhancing IVD device functionality, mainly through remote monitoring, predictive maintenance for decreased downtime, and advanced data processing capabilities.

In-Vitro Diagnostics Market Segment
1) By Type: Point-of-Care Diagnostics Devices And Equipment, Immunochemistry Diagnostic Devices And Equipment, Clinical Chemistry Diagnostics Devices And Equipment, Molecular Diagnostics Devices And Equipment, Microbiology Diagnostic Devices And Equipment, Hemostasis Diagnostic Devices And Equipment, Hematology Diagnostic Devices And Equipment, Immunohematology Diagnostic Devices And Equipment
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type of Expenditure: Public, Private
4) By Product: Instruments/Equipment, Disposables 

In-Vitro Diagnostics Market Major Players and Strategies
Major players in the in-vitro diagnostics market are Siemens Healthineers, F. Hoffmann-La Roche Ltd., Danaher (Beckman Coulter Inc), Abbott Laboratories Inc., and Thermo Fisher Scientific Inc.

The In-Vitro Diagnostics Global Market Report 2023 covers regional data on in-vitro diagnostics market size, in-vitro diagnostics market trends and drivers, opportunities, strategies, and in-vitro diagnostics market competitor analysis. The countries covered in the in-vitro diagnostics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

In-vitro diagnostics devices and equipment is a gadget that tests human samples collected from the human body such as tissues and blood, with the goal of using the results to help with clinical diagnosis or management.

View More Reports Related To The In-Vitro Diagnostics Market –
In Vitro Diagnostics IVD Quality Control Global Market Report 2023
In-Vitro Toxicology Testing Market Report 2023
Molecular Diagnostics Devices And Equipment Global Market Report 2023

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