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The report assesses the global In Vitro Diagnostics market to attain a value of $74.46 billion by 2020. North America holds maximum share in the global IVD market and would touch a figure $30.1 billion by 2020, registering a CAGR of 4.02% during 2014-2020. However, Asia-Pacific is expected to grow rapidly with a CAGR of 7.49% during the estimated period.
Increase in health awareness, rise in healthcare expenditure, demand of proficient and useful health care equipment, rising incidences of diseases are the major factors that works positively for the growth of global IVD market. However, stringent government policies and weak reimbursement policies slows down the market growth.
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The report assesses several segment of the IVD market such as techniques, usability, product, applications, geography and end-user. Point of care holds a 31% share in the overall market and is currently most attractive segment. Usability market is further divided as re-usable and disposable device market.
The report segments the end user market into data management software, instruments, services and reagents. Instruments segment would generate maximum revenue during the analyzed period.
In terms of application, the market is divided based on into infectious disease, autoimmune diseases, cancer, cardiology, diabetes, nephrology, HIV/AIDS and drug testing. Infectious disease sector is the most alluring in the application market.
Point of care, hospitals, academics, and laboratories, testing are the main end use segments assessed by the report.
The report gives through information on the top market firms and their strategies.
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