Global In-Vitro Diagnostics Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2025
The In-Vitro Diagnostics Market is anticipated to gain the market worth of US$ 98.2 billion by 2025, expanding at a CAGR of 5.24% during the forecast period 2019-2025. The major reasons that would escalate the adoption of In-Vitro Diagnostics are increasing prevalence of chronic diseases, rising geriatric population and increasing adoption of Point-of-Care diagnosis techniques . Moreover, changing reimbursement models and regulations, investing in unifying technology, consolidation and automation of labs, shift to data-driven healthcare would mark as a trend in this industry . In-vitro diagnostics (IVDs) play a critical role in driving clinical decision-making and their true impact includes cost savings and increased efficiencies in downstream activities. IVD testing can answer crucial questions about a patient’s health status, including risk or predisposition for developing a certain condition; stage of disease; chances of therapy response; and prognosis for progression/r...