NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2011/05/24 - Backed by factors, such as strong demand in emerging countries and active private sector participation, the global IVD market will grow at a CAGR of 5% during 2011-2013, RNCOS identified - RNCOS.com.
According to our new research report “Global In Vitro Diagnostic Market Analysis”, the global IVD sector is witnessing significant developments across many countries around the globe. Despite the global recession, the industry continued to show its stupendous performance and reached to the mark of US$ 44 Billion in 2010. Factors, such as increasing prevalence of diseases, strong demand for testing equipments in emerging countries, and private sector participation are some of the prominent factors driving growth. It is estimated that, the global IVD market will grow at a CAGR of around 5% during 2011-2013.
We have found that, the presence of several life threatening diseases has boosted the demand for effective and modern diagnostic equipments. The market for diabetes diagnostic & therapies reached to the mark of US$ 38 Billion in 2010. For diabetes, cancer, HIV, tuberculosis and others, the market players are launching diagnostic products with cutting edge technologies. High penetration of these diseases, therefore, presents an optimistic future for diagnostics industry.
The report “Global In Vitro Diagnostic Market Analysis” presents a broad overview of the key market drivers, and their significance in the enlargement of industry revenue patterns. Moreover, the report analyzes the overall industry performance with respect to key segments, such as point-of-care diagnostics, molecular diagnostics, hematology etc. It provides a significant coverage of region-wise scenario in the IVD market. An in-depth analysis of the market across various diseases has also been shown.
The report is an outcome of an extensive research and prudent analysis of the global IVD market, emphasizing data reliability, and content presentation. It covers all the necessary aspects of the market and presents an overview of the emerging sectors. The forecast in key areas of the report makes use of effective methods and techniques that seek to present a realistic outlook. The coverage of description and important developments of active market players completes the overall analysis structure.
RNCOS (rncos.com) 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.