In-Vitro Diagnostics (IVD) Market to Post 5.31% CAGR through 2023, Expects Infoholic Research in Its New Report Available at MarketPublishers.com19 Jul 2017 • by Natalie Aster
LONDON – The worldwide in-vitro diagnostics (IVD) market is increasing at a steady pace on the back of enhancing awareness of different diseases and different favourable governmental initiatives to reduce diseases prevalence.
The majority of IVD tests are made in clinical or medical laboratories, however, the advent of point-of-care (POC) technology has made it possible to do the testing in the presence of patients and even at their homes. This technological advancement will likely propel the market growth in the offing.
Other important IVD market growth drivers comprise increasing incidence of lifestyle diseases, escalating adoption of POC testing, escalating demand for biomarker-based testing and rapidly rising demand from the emerging economies, to name a few. Meantime, stringent regulatory approval processes and increased sales of counterfeit glucose monitoring strips are the key factors that could hamper the market growth.
Through 2023, the IVD markets in Brazil, India and China are forecast to grow at a swift pace owing to the high prevalence of infectious diseases in these countries.
The world’s IVD market is predicted to gain traction at a 5.31% CAGR between 2017 and 2023.
The new in-demand report “Global In Vitro Diagnostics (IVD) Market: Drivers, Opportunities, Trends and Forecasts: 2014 - 2020” made up by Infoholic Research provides a 360-degree view of the current scenario in the world’s IVD market as well as describes the market performance across the major geographical markets. It contains vital, trustworthy data on the market dynamics, segments, shares, competitive landscape and leading players. Furthermore, data on the key IVD market growth drivers and restraints are available in the report. This research study includes Porter’s Five Force analysis, reviews the historical market evolution, outlines future growth opportunities and prospects, highlights the major growth challenges, and also gives an all-round future outlook through 2020.
Follow to the Infoholic Research catalogue at MarketPublishers.com to get access to other in-demand research reports by this publisher.