In-Vitro Diagnostics Market by 2016

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MarketsandMarkets Presents
Global In-Vitro Diagnostic (IVD) Market Expected
to Reach 64 Billion by 2016
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-vitro-diagnostics-ivd-market-547.html
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The report In-Vitro Diagnostic (IVD) Market
(Applications, End-users Types) Trends Global
Forecasts (Major Emerging Markets G7, Japan
BRIC) (2011 - 2016), as the name suggests,
analyzes and studies the major market drivers,
restraints, and opportunities in North America,
Europe, Asia, and Rest of the World. Browse
market data tables and in-depth TOC on In-Vitro
Diagnostic (IVD) Market.http//www.marketsandmark
ets.com/Market-Reports/in-vitro-diagnostics-ivd-ma
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The global IVD market was valued at 44 billion
in the year 2011, growing at a CAGR of 7.8 from
2011 to 2016. The U.S. represented the biggest
market for the IVD equipments accounting for a
share of 47 of the total IVD market in the year
2011. The European region accounted for 31 of
the global IVD market with Germany accounting for
the largest share of 23.24 followed France
(16.89) and Italy (16.41) of the total IVD
market. The Asian region is dominated by Japan
having the largest market in terms of value.
However, due to the recent economic recession,
the market of Japan has shown a stable growth
with an average CAGR of 11.3. The Asian region
is expected to be ruled by the emerging economies
such as China and India, show the highest CAGR by
the year 2016. The Chinese IVD market is taking
frog leap amongst the emerging nations, followed
by India, Russia, and Brazil. The major driving
factor for the IVD industry to boom in the
emerging countries is the government funding and
improved healthcare facilities.
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However, the condition is completely reverse in
the developed countries such as North America and
Eu-5 as these countries are facing major
financial crisis and thus having deep cuts on the
healthcare budgets with limited reimbursements
provided on the clinical testing and the newly
introduced tests in the market thus hampering the
growth of IVD industry. The laboratory testing
market accounts for the highest market by
end-user segmentation with a share of 73 with a
market of 35.52 billion for the year 2011 and is
expected to reach the market of 45.54 billion by
the year 2016 with a CAGR of 6.9. Analyzers are
the main instruments used for conducting the
tests. The instruments account only major share
of the market share of the IVD market, by types.
The analyzers are of 3-types namely, high through
put analyzers, medium throughput analyzers, and
low throughput analyzers. The major factors
driving the growth of the In-Vitro Diagnostic
Market is increased patient awareness, patient
self testing, and increasing baby booming
population across the globe. Advancement in the
technology bringing more of automated tests is
also one of the major drivers for the growth of
IVD market.
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