How big is the diagnostics market | Size & Forecast 2025

Q: What is the market size of the diagnostics market in 2025 and 2031?

The diagnostics market is projected to reach USD 75.3 billion in 2025 and USD 123.6 billion by 2031.

Q: What is the CAGR of the diagnostics market between 2025 and 2031?

The diagnostics market is expected to grow at a CAGR of 7.3% during the forecast period.

Q: What are the key trends in the diagnostics market?

Key trends include the rise of home and point-of-care testing, AI-based diagnostic platforms, and increasing adoption of personalized medicine.

Q: What are the main drivers of the diagnostics market?

The diagnostics market is driven by increased disease burden, need for early and accurate detection, advancements in molecular and genetic diagnostics.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA6071

Publication Date: Jul 2025

What is the diagnostics Market Size?

According to 6Wresearch internal database and industry insights, the diagnostics market was valued at USD 75.3 billion in 2024 and is anticipated to exceed USD 123.6 billion by 2031, registering a steady at CAGR of 7.3% during the forecast period.

The market's robust expansion is fueled by rising demand for early disease detection, increasing healthcare awareness, and rapid technological advancements in diagnostic tools. Widespread adoption of point-of-care testing, molecular diagnostics, and home-based testing solutions, along with growing incidences of chronic and infectious diseases, are propelling growth. Additionally, personalized medicine and integration of AI in diagnostic platforms are setting new benchmarks in the industry.

Major Growth Factors of the Diagnostics Market

Rising prevalence of chronic and infectious diseases
Increasing demand for early and accurate diagnosis
Technological advancements in diagnostic devices
Growth in personalized and precision medicine
Expansion of point-of-care and home diagnostics
Growing healthcare spending globally
Government initiatives for improved diagnostic infrastructure
Adoption of AI and data analytics in diagnostics

Diagnostics Market Trends

The diagnostics market is undergoing significant transformation with a shift toward non-invasive, real-time, and AI-driven diagnostic solutions. There's a marked increase in demand for rapid testing technologies, including PCR and lateral flow assays, especially post-pandemic. Home diagnostics and wearable diagnostic tools are gaining traction due to convenience and accessibility. The emphasis on personalized healthcare is further pushing innovation in genetic and molecular diagnostics.

Emerging Developments in the Diagnostics Market

The diagnostics market is undergoing massive emergence on R&D investments are leading to innovations in biosensors, lab-on-a-chip technologies, and AI-integrated diagnostic systems. Startups and established companies alike are launching faster; more accurate testing solutions tailored to both clinical and consumer segments. Collaborations between biotech firms and digital health companies are accelerating the rollout of smart diagnostics across global markets.