In-vitro diagnostic tests market: $52 billion industry in 2012

Press Release   •   Feb 19, 2013 10:54 GMT

The in-vitro diagnostic tests market is suggested to have reached a total value of around $52.4 billion during 2012. The coming years will see steady growth for the industry, with a predicted CAGR of 7% between the years 2012 and 2017. The in-vitro diagnostic tests market is currently seeing a mixed picture globally. The market is struggling for growth in Europe's currently unstable economy, while the emerging economies of India, Brazil and China are seeing constant high double-digit growth rates.

In the report, the IVD tests market has been studied on three distinct levels: Regional, Clinical and Player level. For regional analysis, key IVD markets that together constitute around 95% of the global market, have been profiled. Further, the market has been divided into eight distinct clinical segments and their current and future outlook to 2017 has been analyzed. Through this, our analysts have conducted a thorough opportunity assessment in various clinical segments and highlighted the clinical segments that offer the maximum opportunity for growth in each region.

Besides, our team has also analyzed the revenue generated from each clinical segment to recognize key segments that offer very high growth rates. The study further delves into the business dynamics of major players in the industry that together form more than 70% of the global IVD market.

To provide a thorough understanding of the Company's business model, Company's current and historical financials have been analyzed. Also, the Company's revenue from IVD has been depicted with a further breakup by clinical segment. The study also portrays each Company's strengths and weaknesses that will help the reader to better position its company vis-à-vis competition.

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