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In Vitro Diagnostics (IVD) Market Growth: Automation, Personalized Testing, and Global Healthcare Expansion
The In Vitro Diagnostics (IVD) Market is evolving rapidly as automation, digitalization, and personalized testing redefine diagnostic workflows across laboratories and hospitals. IVD systems are crucial for detecting diseases such as cancer, diabetes, infectious disorders, and genetic abnormalities. Rising demand for point-of-care testing, coupled with increasing adoption of home diagnostic kits, has accelerated industry growth.
Technological innovations in molecular diagnostics, next-generation sequencing (NGS), and immunoassays are enhancing accuracy and turnaround times. The integration of artificial intelligence (AI) and data analytics in diagnostic interpretation is improving clinical decision-making. Emerging markets in Asia-Pacific and Latin America are witnessing rapid infrastructure development and regulatory support, further expanding access to reliable diagnostic tools.
FAQ:
What drives growth in the IVD market?Increased automation, digitalization, and disease prevalence.
How is AI used in IVD?It supports data interpretation and predictive analytics for faster diagnosis.