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The IVD services have greatly contributed to the global diagnostic industry during the past few years. The IVD market has been growing at the stupendous rate worldwide mainly on the back of factors, such as technological advancements, significant developments in diagnostic services, and active private sector participation. Other factors, such as increasing disease prevalence and high disposable income have also contributed to the development of IVD services industry, which was estimated to have reached
US$ 44 Billion in 2010.
According to our new research report "Global In Vitro Diagnostic Market Analysis", the global IVD services industry is likely to grow at a CAGR of around 5% during 2011-2013 to reach around
US$ 52 Billion by 2013 end. Innovation in technology is expected to play a vital role in future also and in this regard, we have done an extensive research and analysis of all the segments of IVD services industry.
Among the key constituents of the global IVD market, point-of-care segment has the largest part followed by immunochemistry and molecular diagnostics. As healthcare spending is increasing across the globe, these segments are likely to witness robust growth in their revenue patterns. Tests for diseases, such as diabetes, cardiovascular, and cancer are providing strong support to the industry developments. Moreover, the influenza diagnostic services are expected to provide momentum to the global IVD industry during the forecast period (2011-2013).
Our report covers almost every important aspect of the global IVD market and contains reliable statistical data and brief overview of the traditional IVD testing markets and new emerging technological products. The report also provides a detail and effective analysis of the current trends in the regional IVD markets across the globe to comprehend the market dynamics. Besides, the report contains analysis of market size, growth, share, segmentation, and geographic distribution to facilitate clients understand opportunities and challenges before making any investment decision.