In Vitro Diagnostic (IVD) Tests Market - Forecast(2021 - 2026)
In Vitro Diagnostic (IVD) Tests Market Overview In Vitro Diagnostic (IVD) Tests Market size is forecast to reach $79.20 billion by 2025, growing at a CAGR of 4.58% during the forecast period 2020-2025. In Vitro Diagnostic (IVD) Test is a kind of medical test done on samples such as blood or tissue of the human body. In vitro diagnostics is used for detecting any health disorder and also in precision medicine to identify patients who are likely to benefit from specific treatments or therapies. The major applications of in vitro diagnostics tests include detection of abuse from drugs like narcotics, self-monitoring blood glucose tests and molecular diagnostics. Growing demand for the applications and major investments by key market players like Becton, Dickinson and Company are major factors driving the growth of the market. Rising geriatric population and increasing demand for diagnosis of diseases is set to further enhance the In Vitro Diagnostic (IVD) Tests Market. Key Takeaways Nort