In Vitro Diagnostics (IVD) Market Is Anticipated To Reach USD 100.8 Billion By 2026 : Grand View Research Inc.
San Francisco, 26 June 2019: The Report In Vitro Diagnostics (IVD) Market Size, Share & Trends Analysis Report By Product, By Technology (Immunoassay, Molecular Diagnostics), By Application (Infectious Disease, Oncology/Cancer), By End Use, And Segment Forecasts, 2019 – 2026 The global in vitro diagnostics market size is expected to reach USD 100.8 billion by 2026 registering a CAGR of 4.75%, according to a new report by Grand View Research, Inc. Favorable government regulations supporting approval process of medical devices and rising geriatric population are among the key factors driving the market. For instance, in August 2018, the central government of India amended provisions in the Fourth Schedule of Medical Devices Rule to ease the approval process for IVD devices. In July 2017, bioMerieux received an FDA approval for VITEK MS, its mass spectrometry system for rapid identification of pathogens, such as mycobacteria, molds, and Nocardia species. In addition, various ini