Big Market Research Add New “Global Vitro Diagnostics Device Market – Global Industry Analysis, Size, Share, Trends and Forecast” Market Research Report to It’s a Database.
In vitro diagnostics (IVD) is the technique in which medical devices and reagents are used to examine specimens such as blood, urine, stool, tissues and other body fluids, which are derived from the human body to detect diseases, conditions and infections. The tests can be performed in stand-alone laboratory, hospital based laboratory and point of care. Some of the significant technologies incorporated in vitro diagnostics include polymerase chain reaction (PCR), microarray techniques, sequencing technology and mass spectrometry, which are used for test sample preparation. Incessant innovations in IVD product design and technology have encouraged doctors and researchers to shift their focus from traditional diagnostic methods to personalized medicines.
The growing need of IVD testing arises due to increasing incidences of chronic and infectious diseases and growing geriatric population prone to immunological disorders. Moreover, increased application of personalized medicines and widespread knowledge of rare diseases are boosting the growth of IVD market. In addition, increasing incidences of colorectal cancer, neurological disorders, gynecological diseases and others would boost the adoption of IVD devices and reagents. On the contrary, stringent government regulations and unfavorable reimbursement policies would limit the growth of the market. The rising demand for technologically advanced diagnostic devices and increased disposable income of consumers provides huge growth potential for IVD market. Furthermore, technological advancements to develop high sensitivity point-of-care (POC) hematology testing is anticipated to boost the market growth.
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Global Vitro Diagnostics Device Sales Market Report 2016
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