Press release
Exploring the Booming Landscape of In Vitro Diagnostics (IVD) in the United States (2023-2031)
IVD tests can be used to diagnose a wide range of medical conditions, including infectious diseases, cancer, genetic disorders, and metabolic abnormalities. They can also be used to monitor disease progression, assess treatment efficacy, and predict disease risk. Some common types of IVD tests include blood tests, urine tests, imaging tests, and molecular diagnostic tests (such as polymerase chain reaction, or PCR).
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ: https://www.alliedmarketresearch.com/on-demand-updates/A03474
US IVD is a critical component of modern healthcare, enabling healthcare professionals to make accurate and timely diagnoses, monitor patient health, and provide personalized treatment options. The IVD industry is constantly evolving, with new technologies and innovations driving advancements in disease diagnosis and treatment.
U.S. IVD Market is estimated to reach at $20,707 million by 2023, growing at a CAGR of 3.9%.
The In Vitro Diagnostics (IVD) market in the United States has been growing steadily in recent years and is expected to continue its growth trajectory in the coming years. According to a market research report by Grand View Research, the US IVD market size was valued at USD 25.4 billion in 2020 and is expected to reach USD 42.2 billion by 2028, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period.
The growth of the IVD market in the US can be attributed to several factors, including the increasing prevalence of chronic diseases such as cancer, diabetes, and cardiovascular diseases, which require accurate and timely diagnosis. Additionally, the aging population in the US is driving the demand for IVD testing, as older individuals are more likely to develop chronic diseases and require regular monitoring and testing.
Another key factor driving the growth of the IVD market in the US is the increasing adoption of advanced technologies, such as molecular diagnostics and point-of-care testing. These technologies offer rapid and accurate diagnostic results, enabling healthcare professionals to make more informed decisions about patient care and treatment.
In summary, the US IVD market is expected to continue its growth trajectory in the coming years, driven by the increasing prevalence of chronic diseases, the aging population, and the adoption of advanced technologies.
Segment review
Based on product type, the market is categorized into reagents, instruments, and software & services. The reagent segment accounted for the highest market share in 2021, and the software and services is expected to grow at the highest growth rate during the forecast period. The growth of the reagent market is attributed to the wide availability of effective and cost-efficient reagents. On the basis of techniques, the immunodiagnostics accounted for the highest market share in 2021, owing to the increase in demand for personalized medicines for genetic diseases and cancer screening. On the basis of application, the infectious disease segment captured the highest market share in 2016, owing to the increase in prevalence of lifestyle diseases and infectious diseases among the population. Based on end users, the standalone laboratory segment captured the highest market share in 2021, primarily due to increase in outsourcing of test to the laboratories as they provide accurate and fast test results.
๐๐ฌ๐ค ๐ญ๐จ ๐๐ฎ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ฑ๐ฉ๐๐ซ๐ญ: https://www.alliedmarketresearch.com/connect-to-analyst/3817
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:-
THERMO FISHER SCIENTIFIC INC., ALERE INC., BIOMERIEUX, DANAHER CORPORATION, F. HOFFMANN-LA ROCHE AG, BECTON DICKINSON AND COMPANY, BIO-RAD LABORATORIES, BAYER AG, SYSMEX CORPORATION, JOHNSON & JOHNSON
๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ข๐ง ๐๐๐๐ฅ๐ญ๐ก๐๐๐ซ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
RNA Based Therapeutics Market: https://www.alliedmarketresearch.com/rna-based-therapeutics-market
Erythropoietin Drugs Market: https://www.alliedmarketresearch.com/erythropoietin-market
Biosimilars Market: https://www.alliedmarketresearch.com/global-biosimilars-market
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