Global In Vitro Diagnostics Market Size & Outlook, 2025-2028
Global In Vitro Diagnostics Market Size
According to Straits Research analysis, the Global In Vitro Diagnostics Market was valued at USD 82981.27 Million in 2024 and is projected to reach USD 100426.58 Million by 2028, expanding at a CAGR of 5.1% during the forecast period. The key industries driving this market include healthcare, pharmaceuticals, and biotechnology. In vitro diagnostics mainly have their applications in disease detection, monitoring, and management, catapulting the pivotal role of healthcare. Significant drivers of this market are the ever-growing demand for early and complex disease detection, technological advancements in diagnostics, and increasing healthcare expenditure. Emerging trends and prospects involve the rise of personalized medicine, influx of smart-connected and portable diagnostic devices, and increasing export potential. As nations globally invest heavily on their healthcare infrastructure, the In Vitro Diagnostics Market is expected to manifest phenomenal growth.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global In Vitro Diagnostics Market Highlights
- Reagents and Kits held the leading position among Product and Services segments in 2024, based on market size.
- Reagents and Kits is projected to post the fastest growth rate, sustaining its position as the most attractive Product and Services segment during the forecast horizon.
- Global contributed % to the global in vitro diagnostics market size in 2024.
- By 2028, United States is forecasted to remain the largest global market for in vitro diagnostics market.
- In Global, North America is projected to capture the leading share of market by 2028.
- Among Global markets, Asia Pacific is expected to post the fastest growth, reaching USD 215275.32 Million by 2028.
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2020-2028 |
| Historical Period | 2020-2023 |
| Forecast Period | 2025-2028 |
| Market Size In 2024 | USD 82981.27 Million |
| Market Size In 2028 | USD 100426.58 Million |
| Largest segment | Reagents and Kits |
| Fastest segment | Reagents and Kits |
| Units | Revenue in USD Million |
| CAGR | 5.1% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Global In Vitro Diagnostics Market Share By Product and Services
Segmentation Covered
| Segments | Sub Segments |
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Global In Vitro Diagnostics Market By Region 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global In Vitro Diagnostics Market By Product and Services 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global In Vitro Diagnostics Market By Technology 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global In Vitro Diagnostics Market By Application 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global In Vitro Diagnostics Market By End User 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
