Market Insights report
In Vitro Diagnostics (IVD) are an essential part of the Medical Technology market. The IVD market is experiencing significant growth, mainly driven by the COVID-19 pandemic. An increasing demand for wellness testing, the trend towards an automated platform, and the further development of the general healthcare system are also increasing demand in the IVD industry. However, changes in regulations such as the new EU IVD Regulation of 2017, as well as reimbursement constraints, and cost pressure will, to some extent dampen growth in the IVD industry.
What's included?
The market In Vitro Diagnostics (IVD) consists of medical instruments and accessories used to perform tests with the help of biological samples. In Vitro Diagnostics provide valuable information used for detection, prognosis, prevention, and therapeutic monitoring of diseases. Advanced technology and increased importance of preventative testing are the main drivers of the global IVD market growth. The market covers molecular diagnosis, immunoassays, clinical chemistry, microbiology, and hematology. Excluded are x-rays, CT scans, mammograms, and ultrasound.
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