Infectious Disease In-vitro Diagnostics Market Is Expected To Grow At A Compound Annual Growth Rate Of 3.9% By 2028
Infectious Disease In-vitro Diagnostics Industry Overview The global infectious disease in-vitro diagnostics market size was valued at USD 56.1 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.9% from 2021 to 2028. The growth can be attributed to the growing geriatric population, technological advancements, and external funding for R&D. Growing prevalence of infectious diseases is also boosting the market growth. The rising demand for PoC testing attributable to government support and rising consumer awareness about faster diagnostics are propelling the demand. Furthermore, the introduction of high-quality and cheap medical solutions for lab automation can be a significant driver for the market. Gather more insights about the market drivers, restrains and growth of the Global Infectious Disease In-vitro Diagnostics Market The geriatric population is expected to grow at a fast pace in Latin America, with a 71% increase in the population of...