Group items tagged

The global in-vitro diagnostics (IVD) market was valued at $44 billion in 2011 and is expected to have a modest growth during the study period. The U.S. represented the biggest market for IVD equipments accounting for about a half of the total market.

The molecular diagnostics (MDx) market represents one of the fastest growing segments of global IVD industry. The overall market is estimated to have reached by around US$ 5.4 Billion in 2011 across the globe and is further estimated to grow at a healthy CAGR of around 10% during 2012-2015.

U.S. glucose testing is undergoing a significant transition, driven by new analytical technologies and developments in diabetes treatment. Although the blood glucose testing segment of the in vitro diagnostics (IVD) industry is mature, several segments of the market, such as home testing devices for diabetes management and point of care (POC) instruments for use in professional settings, will exhibit strong growth.