PRTODAY - Newswire & PRZOOM/ -
Noida, Uttar Pradesh, India, 04/11/2012 - “The United States dominates the global IVD market and is expected to register a moderate CAGR of around 7% during 2011-2013,” says RNCOS.com.
Driven by an increase in chronic and infectious diseases, the In-vitro diagnostics (IVD) market has been expanding significantly across the globe. According to a new research report of RNCOS, the US is the largest market in terms of IVD. The huge Investments in the country for developing more advanced diagnostics and higher technologies are a very promising factor for the industry’s growth. In comparison to government funds, the proportion of private investments is exceptionally high in the US market. It is expected that the United States’ IVD will expand at a moderate CAGR of around 7% during 2011-2013.
The latest research study, “Global In-Vitro Diagnostic Market Analysis”, says that the IVD market is highly evolved and being driven by the rising diseases and the need of speedy healthcare in facilities and at home. As chronic and infectious diseases are rising across the globe, the IVD technologies are diversifying greatly. The various segments in the global IVD industry include applications, such as point-of-care diagnostics, clinical chemistry and immunochemistry-related diagnostics, molecular diagnostics and microbiology segments, amongst others. According to the report, with growing novel applications, molecular diagnostics are a rapidly evolving segment in the IVD sector.
The report, spread over 125 pages, provides an in-depth research and rational analysis of the current status and expected position of the IVD market. It facilitates the forecasts for the total IVD market, products and various geographical markets. The analysis of the emerging sectors and key market players has also been included in the research study to provide an objective outlook about the global IVD market to clients. It also explains some of the constraints being faced by the industry, and talks about mergers and acquisitions in the sector, which have a significant, positive effect on the industry’s growth.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.