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2021-12-09 • Jay Sharma
The global in-vitro diagnostics market size is expected to reach USD 104.8 billion in 2028 and register a revenue CAGR of 2.9% over the forecast period, according to the latest report by Reports and Data. Major factors driving the global market revenue growth are rise in geriatric population worldwide, rising awareness about regular body profiling, and surging prevalence of chronic diseases such as cancer and diabetes, increasing sales of over-the-counter diagnostic devices such as glucose monitoring kits. Growing need for rapid and accurate disease diagnosis, technological advancements in IVD products, and increasing adoption of point-of-care in vitro diagnostic devices are the other key factors bolstering the growth of this market. In addition, rapid spread of the coronavirus disease, increasing incidences of hospital-acquired infections (HAIs), increasing volumes of COVID-19 tests including RT-PCR, and growing demand for home-care IVD products have boosted demand for in-vitro diagnostics globally.
Top Companies Profiled in the Report Include:
BioMérieux SA, Abbott Laboratories, Danaher Corporation, Bio-Rad Laboratories, Inc., QIAGEN, Siemens Healthineers AG, Becton, Dickinson and Company, Quidel Corporation, F. Hoffmann-La Roche AG, Charles River Laboratories International, Quest Diagnostics, Agilent Technologies, and Sysmex Corporation, Inc..
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Market Overview: