The global IVD services industry has been witnessing stupendous growth for past some years owing to increasing prevalence of chronic & infectious diseases, emergence of new technologies and spreading awareness. The technological advancement of diagnostic techniques substantially contributed to the development of IVD services industry which is estimated to have grown by around 8% in 2009 compared to the previous year (2008).
According to our new research report “Global In Vitro Diagnostic Market Analysis”, the year-on-year growth of the global IVD services industry is anticipated to accelerate in near future on the back of strong demand for diagnostics services globally. It is expected that the global IVD market will grow at a CAGR of around 9% during 2010-2012. In this regard, we have done an extensive research and analysis of all the segments of IVD services industry.
Our report has found that the point-of-care segment constitutes a major part of the total IVD services industry. Molecular diagnostics and point of care tests are expected to play an important role in propelling the IVD industry in coming years. The report has also found that the future of this market remains buoyant due to high disposable income and rising healthcare expenditure globally.
The baseline for the optimistic future outlook of our report is that disease tests, blood glucose monitoring and cancer testing segments will dominate the industry in near future. Besides, the influenza diagnostic services are expected to give momentum to the global IVD industry over the forecast period (2010-2012).
Our report contains systematically searched information and reliable statistical data of the global IVD market, with focus on giving brief overview of traditional IVD testing markets and new emerging technological products. The report also gives an insight into prevailing trends in the regional IVD markets across the globe to comprehend the market dynamics. It also contains analysis of market size, growth, share, segmentation and geographic distribution to facilitate clients understand opportunities and challenges before making any investment decision.
The report has carefully examined the IVD market in terms of industrial developments, competitive landscape and regional basis to identify the potential growth segments. Under regional segmentation, the IVD market is classified into North America, Europe and rest of the world.
