
Report ID: SQMIG35A3049
Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to in-vitro diagnostics market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.
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Global In-Vitro Diagnostics Market size was valued at USD 99.6 billion in 2023 and is poised to grow from USD 105.68 billion in 2024 to USD 169.71 billion by 2032, growing at a CAGR of 6.1% during the forecast period (2025-2032).
F. Hoffmann-La Roche Ltd, Hologic Inc, Abbott Laboratories, Siemens AG, Exact Sciences Corp, bioMerieux SA, Quidelortho Corp, Sysmex Corp, Bio-Rad Laboratories Inc, Thermo Fisher Scientific Inc, Becton Dickinson, Danaher Corporation, Illumina, DiaSorin (Luminex Corporation), Koninklijke Philips NV (Philips) - Philips healthcare, Qiagen N.V., Agilent Technologies Inc, Bruker Corporation, Quest Diagnostics, Revvity Inc
The increase in prevalence of chronic disease and surge in need for early diagnosis drive the growth of the market. According to Center for Disease control and prevention, it was reported that around 60% of American have at least one chronic disease, and nearly 40% have two or more chronic disease.
Rising awareness about early disease detection and the need for faster, more accurate diagnostic tests will drive market growth. The increasing adoption of point-of-care testing and portable diagnostic devices is expected to enhance accessibility and patient outcomes.
The Asia-Pacific in-vitro diagnostics market share is driven by a geriatric population, increase in prevalence of chronic diseases and rise in demand for early diagnostics. Government initiatives across the region promote healthcare infrastructure and accessibility. Expansion of local operations by major players improves market reach, customer support, and availability of advanced diagnostic solutions.
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Report ID: SQMIG35A3049
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