The report forecasts North America to attain a value of $30.1 billion by 2020 with a CAGR of 4.02% during 2014-2020. However, Asia-Pacific would grow fastest at a CAGR of 7.49% during the estimated period.
Portland, Oregon (PRWEB UK) 11 June 2014
Big Market Research publishes a report titled "In Vitro Diagnostics Market (Techniques, Product Type, Usability, Applications, End-Users, Geography) - Industry Analysis, Trends, Share, Opportunities and Forecast, 2013 – 2020."
The report expects the global In Vitro Diagnostics market to reach $74.46 billion by 2020 with North America having the highest share in the global market. The report forecasts North America to attain a value of $30.1 billion by 2020 with a CAGR of 4.02% during 2014-2020. However, Asia-Pacific would grow fastest at a CAGR of 7.49% during the estimated period.
Get the full access of the report at: http://www.bigmarketresearch.com/in-vitro-diagnostic-ivd-market
Factors driving the IVD market are rising health awareness and increasing spending trends on healthcare. Further, demand for enhanced medical equipment to diagnose diseases at an early age, increasing incidence of diseases, demand for point of care techniques & minimally invasive diagnosis are pushing the growth of market. However, reimbursement issues and stringent regulatory policies would hamper the growth of the market.
The numerous segments analyzed by the report include techniques, product, usability, applications, end-user, and geography. Point of care technique shared about 31.0% of the overall IVD market in the year 2013, and would register a CAGR of 3.5% during the forecast period.
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Instruments, reagents, data management software, and services are key segments of the global IVD product market. Instruments segment would generate maximum revenues by 2020.
The report segments the global application market for In Vitro Diagnostics into infectious disease, diabetes, cancer, cardiology, autoimmune diseases, nephrology, drug testing, and HIV/AIDS. Among these applications, diagnosis of infectious disease is most popular, followed by followed by HIV/AIDS. Hospitals, academics, point of care testing and laboratories are important end user segments studied in the report.
The report studies top players in the IVD market. They are
Johnson & Johnson
Becton Dickinson & Company
Browse all medical devices report at http://www.bigmarketresearch.com/medical-devices-market-report.
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