UK IVD Market Value to Reach $3,127 million by 2023
"Immunodiagnostics occupied the highest share of the market in 2016 and is expected to maintain the lead during the forecast period owing to introduction of novel regents and increase in R&D." According to a new report published by Allied Market Research, titled, " UK IVD Market by Product Type, Techniques, Application and End-Users: Global Opportunity Analysis and Industry Forecast, 2017-2023," UK IVD market accounted for $ 2,148 million in 2016, and is estimated to reach $3,127 million by 2023, growing at a CAGR of 5.4% during the analysis period (2017-2023). In-vitro diagnostics (IVD) is the technique in which medical devices and reagents are utilized to analyze biological samples such as blood, urine, stool, tissues, and other body fluids, derived from the human body to detect diseases and infections. In addition, the tests are performed in stand-alone laboratory, and hospital-based laboratory. Some of the significant technologies incorporated in in...