Global in-vitro diagnostics market to grow at CAGR 4.21% by 2028

The market is expected to grow by $22.17b within the forecast period.

The global in-vitro diagnostics market is expected to grow by $22.17b until 2028 at a compound annual growth rate of 4.21%.

A report by Technavio revealed that the market is driven by a rising prevalence of chronic diseases and the growing ageing population.

“The market is also witnessing significant technological advancements, leading to the development of innovative diagnostic tools and tests,” The report said.

Furthermore, the market’s expansion is influenced by an increasing demand that emphasises diagnostic accuracy and efficiency.