World In Vitro Diagnostics Market to Reach USD 83.03 Bn by 2022, Projects Industry Experts in Its New Report Available at MarketPublishers.com17 Aug 2017 • by Natalie Aster
LONDON – The in vitro diagnostics (IVD) industry is being driven by a number of factors such as the rising trends in populations ageing globally and regionally, hike in non-communicable diseases (NCDs), and growing affordability of treatment. On the back of a hike in healthcare costs, more focus is being placed to evidence-based medicine (EBM) to improve patient outcomes. The demand for diagnostic devices in different conditions has been on the rise owing to an ageing population, surging epidemic of chronic illnesses and re-emergence of contagious diseases. A greater number of people are currently obtaining access to IVD on account of the growth in emerging nations and a tendency towards decentralised health care.
Around 68% of the aged population globally is situated in the developing countries, and their population is expanding more rapidly compared to that of the developed regions. As such, the population of aged individuals in developed countries has been witnessing a decline, which is expected to continue going forward.
Globally, the IVD market size grew from USD 55.8 billion in 2014 to USD 62.6 billion in 2017, and the market is further projected to amount to USD 83.03 billion by end-2022. Molecular diagnostics is projected to be the fastest-growing IVD technology segment with around an 8% CAGR during 2017-2022, and hitting USD 10.5 billion by 2022.
New research report “In Vitro Diagnostics – A Global Market Overview” developed by Industry Experts presents an all-round, trustworthy overview of the market worldwide with a detailed assessment of the main market segments.
The study offers an all-encompassing analysis of the IVD product types. It exclusively evaluates and forecasts the global IVD technology areas, by value for 2014-2022 in the worldwide markets comprising North America, APAC, Europe, South America and RoW. The regional markets are further analysed for 16 independent countries. The report includes detailed profiles of top 13 global players and 44 leading players across various regions. The study provides the listing of the firms involved in the IVD industry, which covers the addresses, contact information and the website addresses of 335 organisations. It also sheds light on the key market trends, major business and product trends, IVD regulations & standards, etc.
More new insightful research reports by the publisher at the Industry Experts page.