Indonesia IVD Market Worth $1.11 Billion by 2029

The Indonesia IVD Market is expected to reach $1.11 billion by 2029, at a CAGR of 10.6% from 2022 to 2029. The growth of this market is driven by the high prevalence of infectious and chronic diseases and the growing awareness regarding the importance of early disease diagnosis. Furthermore, Indonesia’s rising health spending and the growing scope for foreign investments are expected to create significant growth opportunities for the players operating in this market. However, the shortage of healthcare professionals and the high prices of advanced IVD products are major challenges for market growth.