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In-Vitro Diagnostic (IVD) Market Outlook - Top Companies, Trends and Future Prospects Details for Business Development

07-25-2018 07:50 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Market Research

In-Vitro Diagnostic (IVD) Market Outlook - Top Companies,

The global in-vitro diagnostic (IVD) market is growing significantly due to innovative condition specific markers for advance genomic and proteomic services in the industry. Massive unexplored market in in-vitro diagnostic industry of developing economies are creating ample opportunities for the in-vitro diagnostic market to grow at a considerable rate in the coming years. The advanced research and development facilities in molecular diagnosis, new product developments and increasing investments by the companies are further accelerating the demand of in-vitro diagnostic in the industry. In addition, innovative launch of various techniques, having application in multiple therapeutic areas, are supporting the growth of in-vitro diagnostic market in the coming years.

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Geographically, North America is the leading the global in-vitro diagnostic market, due to rise in aging population, favourable reimbursement policies, and increasing sedentary lifestyle. Moreover, Asia-Pacific is the fastest growing region in the in-vitro diagnostic market. The major reasons for the fastest growth in the region are increasing healthcare expenditure, increasing investment by leading players and the government, increasing government initiatives, and large patient population in the region. Moreover, the in-vitro diagnostic market is growing due to increasing awareness of healthcare in the emerging countries, such as India and China, of Asia-Pacific region.

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Some of the companies operating in the in-vitro diagnostic market are Roche Diagnostics, Abbott Laboratories, Ortho Clinical Diagnostics, Inc., Biomerieux, Thermo Fisher Scientific, Inc., Siemens Healthcare, Johnson & Johnson, Becton Dickinson and Company, Danaher Corporation, Sysmex Corporation, and Bio-Rad Laboratories, Inc.

About P&S Intelligence
P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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