SAN FRANCISCO, July 16, 2018 /PRNewswire/ --
The global in vitro diagnostics (IVD) market size is expectedto reach USD 97.01 billion by 2022, according to a new report by Grand View Research, Inc., rising at a CAGR of 6.8% during the forecast period. Increasing incidence of sexually transmitted and gastrointestinal diseases
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Constant innovations and advancements play a pivotal role in the development of the market. IVD is being increasingly used in every stage of the patient care and nearly each healthcare setting. Though, most of these tests are remotely performed, making their presence unnoticed.
Various organizations are functioning to monitor the market. For instance, BIVDA is an association of companies with high involvement and interest and represents manufacturers and distributors functioning in the U.K.
Rapidly changing healthcare environment and growing acknowledgment of diagnostics role in patient care, along with rising awareness regarding importance of early diagnosis of chronic diseases, are likely to boost the growth of the IVD market.
Surging demand for point-of-care detection and identification of various infectious diseases such respiratory tract infections, including Legionnaires' disease, RSV, influenza, and pneumonia, coupled with pathogens causing filariasis and malaria, is providing a significant push to the market.
Browse full research report with TOC on "In Vitro Diagnostics (IVD) Market Size, Share & Trends Analysis Report By Product, By Application, By Technology (Clinical Chemistry, Molecular Diagnostics, Coagulation, Microbiology), By End User, And Segment Forecasts, 2013 - 2022" at: https://www.grandviewresearch.com/industry-analysis/in-vitro-diagnostics-ivd-market
Further Key Findings From the Report Suggest:
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Grand View Research has segmented the global in vitro diagnostics market report on the basis of technology, application, and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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SOURCE Grand View Research, Inc.
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