Albany, NY (PRWEB) February 13, 2015
The report is a comprehensive document that includes exhaustive details pertaining to the overall performance registered by the global in vitro diagnostics market in 2014. In vitro diagnostics or IVD refers to tests and diagnostic methods for diseases and ailments that are performed under a controlled artificial environment such as laboratories. The global market for IVD is expanding rapidly and today it has emerged as an essential sector of the overall healthcare industry.
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The global market for in vitro diagnostic or IVD has been divided into three broad categories, vis-à-vis, analytical instruments, accessory products, and reagents. The segmentation is intended to provide market insights for each category individually. IVD has increasingly been used in recent times as a potent medium of diagnosing, monitoring, and prescribing treatments for diseases and ailments. Apart from this, the IVD procedure is also crucial for the examination of medical intervention. Additionally, IVD also promotes early diagnosis of diseases or ailments that leads to a more focused treatment. This significantly helps in reducing the duration of the treatment and convalescence, thereby contributing to economic growth in the long run.
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According to the report, the global IVD market has registered a steady pattern of growth since 2009. On the basis of technology, the market is dominated by immunoassay and conventional chemistry. Diagnosis of infectious diseases covers a major share of the global IVD market. The segment of reagents emerged as the market leader with the maximum share of market in terms of IVD product types.
Among the many factors contributing to the steady growth of the global IVD market, the report highlighted the most significant ones, including the increasing geriatric population worldwide, rising levels of global healthcare expenditure, accelerating population of diabetic patients and escalating incidences of infectious and chronic ailments. The considerable increase in the gross national income and per-capita income in several countries of the world has further contributed to the expansion of the global IVD market.
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The report includes a detailed analysis and in-depth study of the global IVD market. Besides presenting segment-wise analyses, the report also includes a detailed study on the regional markets for IVD. The findings of the report indicated significant growth in demand for in vitro diagnostics in the regional markets of Europe and China. Factors such as a surge in disposable income, increasing incidence of diabetes, rise in ageing population, increase in healthcare expenses, and many others have fuelled the growth of IVD market across these regions.
According to the report, the top players in the IVD industry include Johnson and Johnson, Abbott, and Roche. These companies operate in a highly competitive environment. The overall performance of these companies, along with their key financial and growth strategies, is also profiled in the report.
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