Sri Lanka In-vitro Diagnostics Market revenue size is projected to grow at a CAGR of 8.7% during 2025-2031

Infectious Disease by Application held the highest revenue share in Sri Lanka In-vitro Diagnostics Market -6Wresearch

Infectious Disease dominated Sri Lanka In-vitro Diagnostics market in revenue share, driven by rise in dengue and influenza cases and the need for timely testing in hospitals, diagnostic laboratories, and public-health programs. High dependence on PCR and immunoassay platforms, combined with the time-sensitive nature of samples, sustains reagent consumption and recurring revenue in this segment.

According to 6Wresearch, Sri Lanka In-vitro Diagnostics Market revenue size is projected to grow at a CAGR of 8.7% during 2025-2031. Sri Lanka In-Vitro Diagnostics (IVD) Market has expanded in recent years, supported by rising pharmaceutical manufacturing activity. The sector’s value added increased from 2020 to 2021, which directly raised QC workloads, as each additional production batch requires biochemical assays, microbial testing, sterility checks, and immunoassay-based release testing.

This increase in batch-level testing boosted demand for analyzers, reagents, controls, and calibrators across pharma QC and contract testing labs. The market grew further due to the surge in NCD burden, for instance, admissions for cardiovascular disease rose from 2021 to 2023, while cancer-related admissions climbed from  2021 to 2023. Higher NCD admissions translate directly into heavier diagnostic workloads, as these patients require constant biochemical, hematology, immunoassay, and molecular testing, which sharply drove up reagent consumption and analyzer demand.

According to Shubham, Senior Research Analyst, 6Wresearch, Reagents and Kits dominated Sri Lanka’s In-vitro Diagnostics market in revenue share, driven by their constant, high-frequency consumption across chemistry, immunoassay, hematology, and molecular tests. Each patient test requires fresh reagents, creating continuous demand, while rising chronic-disease testing and dependency on imported assay-specific kits further amplify recurring expenditure and overall market value.

Sri Lanka In-vitro Diagnostics Market (2025-2031) report provides an in-depth analysis with 26 figures and 5 tables, covered in 78 pages. The report thoroughly covers the market by product, type, application and end user. The Sri Lanka In-vitro Diagnostics Market outlook report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.