Le Lézard
Classified in: Health, Science and technology, Covid-19 virus
Subject: MRR

Smart or AI In-Vitro Diagnostics Market to Record an Exponential CAGR by 2031 - Exclusive Report by InsightAce Analytic

JERSEY CITY, N.J., Nov. 29, 2023 /PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Smart or AI In-Vitro Diagnostics Market Size, Share & Trends Analysis Report By Application Area (Cancer Diagnostics, Infectious Disease Testing, Metabolic Testing, Cardiac Testing, Diabetes Testing, and Other Disease Testing), By Technology (Next-Generation Sequencing (NGS)Technology, PCR Technology, Chemistry/IA Technology, Pathology Technology, and Other Technology), By End-User (Research, Pharmaceutical Research, and Clinical), Region, Market Outlook And Industry Analysis 2031"

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The global Smart or AI In-Vitro Diagnostics market is estimated to exhibit a CAGR of 14.8% during the forecast period. 

Report Attribute


Growth Rate CAGR

CAGR of 14.8% from 2023 to 2031

Quantitative Units

Representation of revenue in US$ Million and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year


Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By Application, End-user, By Technology

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia


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In recent times, there has been a recent uprise in the prevalence of chronic diseases, along with expanded research and development for the use of IVDs for more accurate and speedy diagnosis. Additionally, the rising utilization of pandemic-required breakthroughs, including digital pathology and remote collection, is anticipated to propel market growth.

It is projected that such technological improvements and product launches to simplify in-vitro diagnostics procedures will substantially impact the market under study throughout the forecast period. The major elements propelling the growth of the smart or AI In-Vitro diagnostics market are the growing number of chronic and infectious diseases worldwide, growing awareness of early disease identification, a shift in emphasis from centralized to point-of-care testing, and the emergence of the COVID-19 pandemic.

In addition, market participants have an enormous amount of growth potential due to the emergence of new markets, technological advancements, and advances in genomics and proteomics. The COVID-19 pandemic's beneficial market effects resulted from the pandemic's dramatic increase in testing volume. With the pandemic, diagnostic testing became an integral tool. Key manufacturers are focusing on developing novel kits and assays due to the pandemic.

List of Prominent Players in the Smart or AI In-Vitro Diagnostics Market:

Market Dynamics:


The substantial incidence of chronic diseases, expanding use of point-of-care (POC) diagnostics, and growing adoption of customized healthcare and companion diagnostics are the main drivers propelling the growth of the Indian in-vitro diagnostics market. The primary driver of market development is the rising incidence of chronic diseases like cancer, diabetes, and others in the nation.

The other significant drivers are the big corporations' research and production facilities. In order to provide more effective and timely treatment, early cancer diagnosis is becoming essential. This will increase the need for in-vitro diagnostics, which is expected to propel market growth throughout the forecast period. Additionally, cutting-edge medical technology advancements, including biosensors, lab-on-a-chip, wearables, and POC diagnostics, are progressively playing a significant role in healthcare.


Strict regulations and onerous reimbursement procedures will likely hamper the market's expansion. Over the projected period, a severe regulatory environment is anticipated to impede the in-vitro diagnostics market's revenue growth. Regulatory agencies have shortened medical device and IVD kit approval procedures in emerging nations. However, a protracted approval process causes the approval process to be delayed in nations with developing healthcare infrastructure. This restricts product commercialization, which has an impact on market revenue growth.

Regional Trends:

The North America Smart or AI In-Vitro Diagnostics market is expected to record a noteworthy market share in revenue and grow at a high CAGR shortly. Growing population, rapid urbanization, increasing industrialization, and increasing R&D activities by prominent players are factors expected to proliferate the growth of the region's AI in the IVD (In-Vitro Diagnostics) market. Similarly, Asia Pacific had a substantial share of the market.

The increased prevalence of chronic and infectious diseases, the rising geriatric population, increased access to healthcare services, and a growing number of hospitals and clinics are the main factors propelling the growth of the Asia-Pacific IVD market. Cancer, diabetes, infectious diseases, cardiovascular issues, and other conditions can all be diagnosed in vitro. The increase in healthcare spending and the incidence of diabetes have been related to the expansion of the Asia-Pacific area.

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Recent Developments:

Segmentation of Smart or AI In-Vitro Diagnostics Market-

By Application

By Technology

By End-user

By Region-

North America-



Latin America-

 Middle East & Africa-

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Why should buy this report:

Other Related Reports Published by InsightAce Analytic:

AI in Remote Patient Monitoring Market

AI in Respiratory Diseases Market

AI in Patient Management Market

Digital Pathology Market

About Us:

InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis of key market insights in a timely and cost-effective manner.

Contact Us:

InsightAce Analytic Pvt. Ltd.
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SOURCE InsightAce Analytic Pvt. Ltd

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