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In Vitro Diagnostic Market Future Prospects and Regional Outlook
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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.
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