IVD labware market to be valued at $5.04b by 2030

By end user, the clinical laboratories segment held the largest market share in 2024.

The global IVD labware market is expected to reach $5.04b by 2030 at a compound annual growth rate of 6%, according to a MarketsandMarkets report.

The sector’s expansion is attributed to a steady rise in diagnostic testing volumes across clinical chemistry, immunoassays, molecular diagnostics, haematology, and microbiology.

In addition, the rising incidence of chronic diseases, the expansion of infectious disease surveillance programmes, and the increasing demand for early and accurate diagnosis are driving market growth.

By end user, the clinical laboratories segment held the largest market share in 2024.