London, United Kingdom (PressExposure) December 16, 2009 -- The global In Vitro Diagnostics (IVD) market, valued at $33.89 billion in 2008, has seen increased private equity/venture capital funding over the past two years. There were 77 deals in this market, higher than any of the medical equipment markets, signifying the rapid growth expected in this market, and the relative stability of this market in the face of global recession.
The IVD market, driven by high disease incidences and a demand for better and faster methods of diagnosis, is expected to grow at a rate of 7.1% over the 2008â2015 period, to reach a value of $58.46 billion in 2015. The IVD market presents a lucrative investment opportunity within the diagnostic spectrum, a fact that is reiterated by the rise in the number of deals in this sector.
This analysis was taken from a research paper published by GlobalData, to download the full Research Paper for free, click below:
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