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Point-of-care Testing to Emerge as the Largest Segment in IVD printable version

05 Jan 2011: posted by the editor - Health

The point-of-care diagnostics market is expected to grow at a CAGR of around 13% accounting for more than quarter of the overall IVD market by 2012, says RNCOS.

The global IVD services market represents one of the lucrative markets that will record strong growth in coming years. Point of care test segment is expected to play an important role in propelling the IVD industry in coming years. In fact, point-of-care test is expected to emerge as the largest consumer segment with ease of usage, time saving, and address security concerns of the consumers. New and advanced techniques will provide momentum to the POCT market.

According to our research report “Global In Vitro Diagnostic Market Analysis”, the point-of-care diagnostics market is projected to grow at a CAGR of around 13% by 2012. The global IVD services industry is already in a pivotal position to secure a significant share in the healthcare industry. With point-of-care testing, there are also other factors responsible for the bright prospects of the market like, prevalence of several chronic and infectious diseases, emergence of technologies in molecular diagnostics, and spreading awareness among health professionals and patients. Our report has also discussed market drivers driving growth in this industry. Besides, our report assists our clients in understanding opportunities and challenges before making any investment decision.

With the high prevalence of diabetes, cardiovascular diseases, and HIV/AIDS, the molecular diagnostic and clinical chemistry segments are expected to experience skyrocketing growth in coming years. Our report provides a detail analysis on clinical segmentation and segmentation by indication with their forecasted growth and factors behind their growth. The report has carefully examined the global IVD market in terms of industrial developments, competitive landscape, and regional basis to identify the potential growth segments. Our study reveals that Europe was the largest IVD market in 2009, followed by North America and Japan. However, countries such as, China, India, Turkey, Brazil, and Mexico will become major players in near future. Our report has carefully examined the current and future scenario of the global IVD market by segmenting it into different regions. Under regional segmentation, the IVD market is classified into North America, Europe, and rest of the world.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM103.htm

About RNCOS: RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

Tags: IVD market

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