Global In-vitro diagnostics (IVD) market worth $72.54 billion by 2019

Date: 2016-09-11

In vitro diagnostic products are those reagents, instruments, and systems intended for use in diagnosis of disease or other conditions, including a determination of the state of health, in order to cure, mitigate, treat, or prevent disease or its sequelae. In-Vitro Diagnostics (IVD) includes IVD Instrument Kits and Other Kits on the base of classification, which represent 91% and 9% of global In-Vitro diagnostics (IVD) market. 

Diabetes, Cancer and Autoimmune Diseases are the main application of In-Vitro diagnostics (IVD) product and North American is the largest In-Vitro diagnostics (IVD) market on production and consumption.

Global In-Vitro diagnostics (IVD) market is projected to reach $ 72.54 Billion by 2019, with a GAGR of 7.8% from 2015, and Asia will have a big dynamic momentum on the market growth. The major players in the global In-Vitro diagnostics (IVD) market are KHB, SYSMEX, Abbott, Danaher, Roche, Siemens, Biomerieux etc.


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Joanna | Executive – International Business and partner Relations
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