Tuesday, 30 August 2016
In-Vitro Diagnostics Market: Global Industry Analysis, Market Strategies and Forecast 2023
According to the latest report published by Credence Research, Inc. “Global In-vitro Diagnostics Market – Growth, Opportunities, Competitive Analysis, and Forecast, 2016 – 2022,” the was valued at USD 60,468.7 Mn in 2015, and is expected to reach USD 81,345.1 Mn by 2022, expanding at a CAGR of 4.2% from 2016 to 2022.
Reagents, instruments, and software and services is the product level segmentation of the global in-vitro diagnostics market. Among these, reagents take over 30% of the overall market share in 2015, due to large scale consumption of these products across all IVS techniques. Additionally, the software and services segment is anticipated to progress at a faster growth rate during the forecast period attributed by the growing need for widest automation and centralization of IVD processes and techniques at a precision at par.
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