World In Vitro Diagnostics Market Analysed & Forecast by IQ4I Research & Consultancy in Its New Report Recently Added at MarketPublishers.com09 Jun 2017 • by Natalie Aster
LONDON – High demand for technologically advanced testing methods for disease diagnosis, enhancing healthcare expenditure across the emerging markets, expanding adaptation of POC testing, rising incidence of chronic lifestyle diseases are amid the important factors driving growth in the world’s in vitro diagnostics (IVD) market. The increasing number of clinical laboratories with improved infrastructure across many developed countries will likely also give impetus to the market growth. However, there are certain factors that could hamper the IVD market growth, for instance, lack of proper reimbursement policies in the emerging countries and strict regulatory norms.
In the past year, immunochemistry techniques captured the biggest chunk of the overall IVD market, increasing at a modest single-digit CAGR. Meantime, the highest growth rates through 2023 are expected to be registered in the molecular diagnostics sector.
As for applications, infectious diseases accounted for the major revenue share of the IVD industry in the previous year. Through 2023, the transplantation diagnosis application is anticipated to grow at the swiftest pace.
In 2016, the biggest share of the world’s IVD market belonged to North America. Meanwhile, APAC presents the most lucrative growth opportunities for 2017-2023.
New topical study “In Vitro Diagnostics (IVD) Global Market - Forecast to 2023” worked out by IQ4I Research & Consultancy contains an all-round analysis of the global IVD industry performance and prevailing development trends. It sheds light on the market dynamics, scrutinizes the major growth driving and limiting factors, outlines the key growth challenges and opportunities as well as covers the market landscape. In addition, the report examines the competitive scenario, profiles top players and gives future forecasts up to 2023.
Find many other topical reports by the publisher visit the IQ4I Research & Consultancy page at MarketPublishers.com.