In Vitro Diagnostic Market Is $54 Billion
Sunday, August 17, 2014 - 15:00
in Mathematics & Economics
The world market for diagnostics was about $54.6 billion in 2013 and is expected to grow 4% annually, to $65 billion, by 2018. That figure in Kalorama's biennial survey of the IVD industry, The Worldwide Market for In Vitro Diagnostic Tests, 9th Edition, includes all laboratory and hospital-based products, and OTC product sales. New technology is leading the charge, according to Kalorama. Diagnostic laboratory technology has changed dramatically due to the publication of the human genome project and advances in functional genomics, bioinformatics, miniaturization and microelectronics. read more