Rising Tech in the Global IVD Market
In 2021, the worldwide in-vitro diagnostics market was worth USD 111.67 billion as per the report by grandviewresearch.com. Between 2022 and 2030, the market is expected to increase at a CAGR of 0.2%. The uptick in testing is likely attributable to the pandemic’s increased focus on detection, which has led to a greater uptake of IVD.
Talking about the technological changes in the IVD Market, Anwar Abueida, Sales Manager at Al Hayat Pharmaceuticals, said, “Five years ago to now there is a minor change. But if you see 10 years ago to now yes, there’s a big change. We have gone from sending the samples to the lab and waiting for hours to get the results, to now seeing results in, ideally, minutes. More changes and improvements can be expected in the next decade.
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