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U.S. IVD Market to Exceed $9.5 Billion by 2017 – Transparency Market Research

Tests which are performed in test- tubes or in a controlled environment outside a living organism to provide diagnosis are known as In-vitro diagnostic (IVD) tests. Contemporary IVD industry commonly uses analytical instruments and reagents to perform various tests to diagnose study and monitor various kinds of diseases. The reagents used are specialized chemicals which are capable of reacting with target substances such as tissue, blood, urine etc, found in the sample provided by the patient. Also, the analytical instruments include various equipments that bring the sample and the reagent together for the reaction to happen and automate the process.

Browse Report : http://www.transparencymarketresearch.com/bric-in-vitro-diagnostics.html

The IVD market of BRIC economies is expected to witness immense growth opportunities due to increased healthcare budgets, increased number of hospitals and technological advancement. Moreover, BRICS is viewed as one of the attractive markets for MNCs concerned with healthcare sector due to the increasing awareness among consumers and large untapped population. Therefore, heavy investments are being made to expand market shares in these areas. However, absence of strict regulations in respect to the patient’s safety is considered as a hurdle for the growth of IVD market, to a certain extent.

The BRICS IVD market is expected to have a healthy growth rate. Various application segments studied in this report include Molecular diagnostics, Clinical Chemistry, Microbiology, Immunology, Hemostasis, Cytology, Cardiac markers, Hormones/marking tumors and Hematology. Clinical chemistry is expected to lead in terms of market size among all the other segments and molecular diagnostics is expected to witness highest growth rate during the forecast period. Among the BRICS nations China is forecasted to account for a larger share of the IVD market followed by Brazil, Russia and India. 

Some of the market players profiled in this report include Abbott diagnostics, Sysmex Corp, Mindray ltd, Oxoid ltd, Beckman Coulter Inc, Diasorin diagnostics spa, Ortho-clinical diagnostics Inc, Horiba ltd, Becton, Dickinson & co., Qiagen N.V, Siemens healthcare, Biomérieux SA, Roche diagnostics Ltd and Bio-Rad Laboratories Inc.

This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 

North America 

Asia Pacific 

Europe

Rest of the World  

 

This report provides comprehensive analysis of 

Market growth drivers 

Factors limiting market growth

Current market trends 

Market structure

Market projections for upcoming years 

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 

 

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