(PRWEB) November 16, 2013
According to a new market research report, "In-Vitro Diagnostics (IVD) Market in BRIC (2010 - 2014)", published by MarketsandMarkets, the IVD market in BRIC is expected to be worth US$7.3 billion by 2014, growing at a CAGR of 19% from 2009 to 2014. Market growth is driven mainly by the increasing healthcare budgets of BRIC economies, along with the increasing number of private corporate hospitals, and the rising income levels backed by a huge, untapped population bases.
Browse in-depth TOC on IVD Market in BRIC (2010 - 2014) market.
Early buyers will receive 10% customization on this report.
Despite restraints such as low consumer awareness and the absence of regulations concerning patient safety, the BRIC IVD market is expected to grow from $2.9 billion in 2009 to $7.2 billion-$7.5 billion in 2014 at a CAGR of ~19%-20% from 2009 to 2014. In comparison, the growth rate of the global IVD market is pegged at only ~5%-6% in the next five years. However, the regulations concerning medical devices in these emerging economies still have a long way to go to reach U.S. and European standards. Currently, the BRIC IVD market is dominated by established players such as Roche, Abbott, Siemens, Beckman Coulter, and Becton Dickinson. However, domestic players such as Transasia, JMitra, Horiba, Kehua, Mindray have taken the distribution of IVD services from urban areas to the rural areas.
Browse Related Reports
Molecular Diagnostics Market - Technologies [PCR, DNA Sequencing, Microarray, Transcription Mediated Amplification, Hybridization], Applications Virology/Infectious Diseases, Cancer/ Oncology, Genetic Testing, Blood Screening, Microbiology] Global Opportunities, Competitor Analysis & Forecasts to 2017
In Vitro Diagnostic (IVD) Market [Instruments, Reagents & Data Management Systems] [Technique (Immunoassay, Clinical Chemistry, Molecular Diagnostics, Haematology) & Applications (Diabetes, Infectious Diseases, Cancer & Cardiology)] Systems, End Users] – Forecast To 2017
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including agriculture, advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Email: sales (at) marketsandmarkets (dot) com
Visit MarketsandMarkets Blog at http://mnmblog.org/market-research/healthcare-it/medical-devices.
Connect with us on LinkedIn at http://www.linkedin.com/company/marketsandmarkets.