GCC In-Vitro Diagnostic Devices Market to Reach US$ 1,541.4 Million by 2028

According to the latest IMARC Group's research report, titled "GCC In-Vitro Diagnostic Devices Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," The GCC in-vitro diagnostic devices market size reached US$ 1,179.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,541.4 Million by 2028, exhibiting a growth rate (CAGR) of 4.48% during 2023-2028.

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GCC In-Vitro Diagnostic Devices Market Outlook:

In vitro diagnostics (IVD) refers to medical tests or diagnostic procedures performed on samples taken from the human body, such as blood, urine, or tissue, outside of the body in a laboratory setting. They are used to detect and diagnose diseases, monitor treatment progress, and screen for various health conditions. They are mainly conducted in a controlled environment, generally using specialized equipment and reagents. Additionally, they play a crucial role in healthcare by providing valuable information to healthcare professionals, aiding in the accurate diagnosis of diseases. They help guide treatment decisions, monitor disease progression, and assess the effectiveness of therapies.

GCC In-Vitro Diagnostic Devices Market Growth:

The market in the GCC region is majorly driven by significant growth in the healthcare sector. Moreover, the rising prevalence of chronic diseases, such as diabetes, cardiovascular diseases, and cancer is escalating the requirement for frequent monitoring and early detection, which is driving the demand for IVD tests. Also, with the increasing aging population across the region, there has been a considerable rise in the development of age-related diseases and conditions, thereby leading to a higher demand for diagnostic tests to screen, diagnose, and manage these health issues.

Furthermore, continual advancements in technology have significantly enhanced the capabilities and efficiency of IVD tests. Newer technologies, such as molecular diagnostics, point-of-care testing, and automation, have made testing faster, more accurate, and easily accessible, further acting as growth-inducing factors.

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Key Market Segmentation:

Breakup by End-user:

• Hospital-Based Centers
• Diagnostics Chains
• Standalone Centers
• Others

Breakup by Application:

• Infectious Diseases
• Diabetes
• Blood Test
• Nephrology
• Cardiology
• Oncology
• Autoimmune Diseases
• Others

Regional Insights:

• Saudi Arabia
• United Arab Emirates
• Kuwait
• Qatar
• Oman
• Bahrain

Competitive Landscape:

The competitive landscape of the market has been examined in the report with the detailed profiles of the key players operating in the industry.

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