In-Vitro Diagnostics Market

1. In-Vitro Diagnostics Market Size Worth USD 118.44 Billion in 2028 www.emergenresearch.com Increasing investment in R&D in molecular diagnostics, new product development, and rising prevalence of targeted diseases are some key factors driving market revenue growth.

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5. Market Summary The global In-Vitro Diagnostics (IVD) market size is expected to reach USD 118.44 Billion at a steady revenue CAGR of 4.4% in 2028, according to latest analysis by Emergen Research. In-vitro diagnostics market revenue growth is due to increased investment in research & development in genomics and proteomics, and rising prevalence of targeted diseases. Rapid increase in geriatric population globally, rising prevalence of sedentary lifestyle-related diseases and conditions, and rise in infectious diseases rates are other factors driving revenue growth of the global market. Increase in prevalence of targeted diseases such as gastrointestinal diseases, diabetes, cardiac disorders, and cancer, is also contributing positively to global in-vitro diagnostic market revenue growth.  www.emergenresearch.com

6. Market Summary • Some Key Highlights From the Report • In July 2021, Ortho Clinical Diagnostics launched Interleukin-6 (IL-6) reagent pack, which is the latest addition to Ortho's critical care blood testing menu. Ortho is one of the world’s leading in-vitro diagnostic companies and is available in the EU countries and several LATAM and APAC countries. The test is used to detect and evaluate inflammatory diseases, including auto-immune disorders, sepsis, and severe respiratory infections from COVID-19. • Reagent segment accounted for largest revenue share in 2020. These kits and reagents are first-line testing devices for at-home consumer-friendly glucose monitoring and pregnancy tests and an alternative to more complex automated laboratory-based systems. Increase in production of rapid, sensitive devices, which offer more accurate results is also driving revenue growth of this segment. • Infectious diseases segment revenue is expected to expand at the fastest rate during the forecast period due to increasing rates of mortality and morbidity. Increased research activities and high level of funding from governments worldwide to develop solutions for prevention and treatment of infectious disease is propelling revenue growth of this segment. • Request Free Sample Copy@ https://www.emergenresearch.com/request-sample/70 www.emergenresearch.com

7. Market Summary • Emergen Research has segmented the global in-vitro diagnostics market on the basis of product, devices, application, technique, end-use, and region: • Product Outlook (Revenue, USD Billion; 2018–2028) • Reagents & Kits • Instruments • Fully Automated Instruments • Semi-Automated Instruments • Data Management Software • Services • Devices Outlook (Revenue, USD Billion; 2018–2028) • Reusable IVD Devices • Disposable IVD Devices • Read More@ https://www.emergenresearch.com/industry-report/in-vitro-diagnostics-market

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