IVD Contract Manufacturing Market Set for Massive Growth by 2034
🕓 Estimated Reading Time: 5 minutes Overview The global landscape of medical diagnostics is on the cusp of significant transformation, driven notably by the burgeoning sector of contract manufacturing for in vitro diagnostics. A recent analysis projects the IVD contract manufacturing market to reach an impressive valuation of USD 56.90 billion by the year 2034. This represents a substantial surge, with the market expected to expand at a compound annual growth rate (CAGR) of 10.44% from 2025 to 2034. This forecast, sourced from a comprehensive report by GlobeNewswire, underscores a pivotal shift in how diagnostic products are brought to market, reflecting increased outsourcing by original equipment manufacturers (OEMs) seeking specialized expertise, cost efficiencies, and faster time-to-market. The growth trajectory highlights the critical role contract manufacturers play in facilitating innovation and scalability within the highly regulated and technologically complex in vitro diagno...