According to our latest report, “Global In Vitro Diagnostic Market Analysis”, the IVD market worldwide has been growing at a stupendous rate during the last few years and is expected to continue on its growth path in the near future as well. While a major chunk of the market is still contributed by the developed markets like US and Europe, the future of the IVD market will be at the behest of the emerging markets like China and India. The major reasons behind the surge of these markets include the rising demand of technologically advanced IVD techniques, increasing prevalence of diseases, and rising healthcare spending. Backed by these factors, it is expected that the Global IVD market will grow at a CAGR of around 5% to reach a value of around US$ 52 Billion during 2011-2013.
A thorough analysis of various regions and markets around the world, our report came to a conclusion that China will surpass all the other countries in terms of growth of IVD market. Following China will be other emerging countries including India, Turkey, Brazil, and Mexico. With more and more private players entering these markets and managing their own distribution system, the IVD market will receive an unprecedented boost in the future. Additionally, the report also analyzes other countries that may be significantly contributing to the segment.
Our report, “Global In Vitro Diagnostic Market Analysis”, also studies various segments in the global IVD market to provide a comprehensive view of the major growth areas. It was found that point of care testing is the top segment in global IVD market, followed by immunochemistry & clinical chemistry. It also identifies the major diseases that are driving the IVD market, and require more focus and investments from the key players.
The report is an outcome of an in-depth research and prudent analysis of the global IVD market that provides an effective description of current market trends and their impact on industry structure. The key countries covered in the report have been studied with respect to market size, players, and segments. Moreover, topics like consumer behavior analysis, market drivers, recent developments, and industry restraints are likely to provide clients a better industry know-how and structure view.
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
Article By: Shushmul Maheshwari