Global Outlook on the In Vitro Diagnostics Industry

Over the past decade, the healthcare industry has witnessed significant growth and development in the In Vitro Diagnostics (IVD) space. The IVD market continues to be the largest segment within the worldwide medical device industry and while opportunity exists for broader expansion, challenges remain and span across various regions and segments. Regulatory hurdles, reimbursement pressure, healthcare budget constraints, and the ongoing advancement of lower-cost providers represent some of the headwind facing the IVD landscape.