U.S. In Vitro Diagnostics Market Competitive Landscape, Cost Price and Forecast
U.S. In Vitro Diagnostics Market Summary The U.S. in vitro diagnostics market size was estimated at USD 41.42 billion in 2024 and is projected to grow at a CAGR of 5.6% from 2025 to 2030. Market growth has been impacted by the declining demand for COVID-19 tests during the forecast period, which created a temporary slowdown. However, technological advancements, such as the development of automated in vitro diagnostic systems for laboratories and hospitals, are expected to support growth. These systems provide faster, error-free, efficient, and accurate diagnoses, which are increasingly required to improve healthcare outcomes. In addition, the rising prevalence of both infectious and chronic diseases continues to drive adoption of in vitro diagnostic testing methods across the U.S. For example, data from the American Cancer Society highlighted that in 2023, nearly 1.96 million new cancer cases were reported, with approximately 609,820 deaths recorded due to cancer, fur...