China to Drive Global IVD Market

Noida, UP India (PressExposure) February 16, 2011 -- According to our latest report entitled "Global In Vitro Diagnostic Market Analysis" the IVD market worldwide has been witnessing impressive growth rate patterns for the last few years. The market is primarily growing on the back of drivers, such as technological advancements, increasing prevalence of diseases, and rising healthcare spending. The global IVD market reached to the mark of US$ 44 Billion in 2010 and is likely to reach around US$ 52 Billion by 2013.

Our report has found that China is likely to become one of the fastest growing regions for diagnostic products. Increasing number of private laboratories and extended reference laboratories are boosting the demand for tests of all kinds, thus driving the growth of the Chinese IVD market. The IVD market in China was estimated at around US$ 2.5 Billion in 2010 and is expected to be of worth around US$ 5 Billion by 2013.

According to our report "Global In Vitro Diagnostic Market Analysis" the point of care testing is the top segment in global IVD market followed by immunochemistry & clinical chemistry. Other segments have also been witnessing significant developments and are likely to expand their share in the overall market. The report also identifies some of the key disease areas, in which, industry players are focusing and investments are being poured. Development from the perspectives of IVD in diseases, such as diabetes, cancer, HIV, influenza, tuberculosis, and cardiovascular have been analyzed in the report.

The report is an outcome of an in depth research and prudent analysis of the global IVD market that provides an effective description of current market trends and their impact on industry structure. Areas, such as North America, Europe, Japan, and other key countries are covered in the report and reliable statistics have been provided with respect to market size, players, and segments. Moreover, topics like consumer behavior analysis, market drivers, recent developments, and industry restraints are likely to provide clients a better industry know-how and structure view.

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Press Release Submitted On: February 16, 2011 at 3:33 am
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