Noida, India (PressExposure) December 15, 2009 -- Increasing demand for point of care diagnostic, lowering cost and technological advances have boosted the growth of IVD market in China. The countryâs diagnostic sector has registered robust growth in last few years and is expected to become one of the largest markets in the world. According to our new research âGlobal In Vitro Diagnostic Market Analysisâ, the IVD market in China is forecast to grow at a CAGR of around 15% during 2010-2012. At present, China is experiencing high growth in private investments on the back of stimulus package given by the government, and these investments in the manufacturing segment are expected to continue in near future also.
We have done extensive analysis on the IVD market worldwide in order to identify key market trends across the region. We have identified that market in emerging countries like India and China will grow at a high rate, and our report provides a complete analysis of the trends that are emerging in these countries.
We have done an in-depth analysis of various segments of the IVD market and found that POC testing and molecular diagnostic segments are experiencing highest growth. Also, segments like immunochemistry and hematology have done well in recent past and are expected to register convincing growth in near future also. Furthermore, the report also provides information on diagnostic market for various diseases like diabetes, cardiovascular, cancer and HIV. Our research also discusses the current issues like reimbursement problems and expiration of patents in detail, which will present a clear picture of the current market condition and help clients in devising their strategies accordingly while investing in these markets.
âGlobal In Vitro Diagnostic Market Analysisâ also provides information on various key competitors in the market along with the description of their business expertise. Since the industry scenario has changed drastically over the recent past, the report will help clients in understanding the market conditions with better prospects.
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