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Research, development and commercial applications of advanced flexible materials.

Ted Rowan

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The State of In Vitro Diagnostic Industry & Trends

In Brief

It is estimated that around 60 percent of all medical decisions are made with the support of in vitro diagnostic (IVD) testing. In vitro diagnostics are used to diagnose illness and disease by evaluating biologic specimens taken directly from the human body. IVD market segments include instruments, reagents, and software that is used in diagnostics. Due to the increased aging population, the need for IVD products is growing. The global market for these products reached $61 million in 2016 and is expected to generate $84 million in revenue by the year 2023. 

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