North America to Emerge Top IVD Market by 2012

Favorable reimbursement policies for clinical lab testing and increasing demand for POCT will drive the IVD market in North America, says RNCOS in its latest research study.

Online PR News – 01-June-2010 – – As per our new research report “Global In Vitro Diagnostic Market Analysis”, the IVD market in North America has witnessed a noteworthy growth rate over the past few years although the economic downturn and high input costs worked as restrictive forces. Our extensive research and profound analysis exhibited the high potential market with promising future prospects in the US and Canada. With increasing research projects to develop new alternative technologies for the diagnosis of diseases and the aging population, it is expected that the IVD market in both the US and Canada will grow at a CAGR of around 7% during 2010-2012.

We have done thorough research and prudent analysis of the IVD market in North America and identified some critical factors acting as a catalyst for the industry current and future growth outlook. The report reveals that favorable reimbursement policies for clinical lab testing and strong demand for POCT will give fillip to investments in the market. Moreover, products with improved specificity and sensitivity, speed-up testing and high-quality molecular market will drive the IVD industry in coming years by drawing attention of more players. Based on some concrete market fundamentals, we anticipate that the IVD industry in North America will emerge as one of the most dominating segments of the healthcare industry.

Our report also covers the global IVD market with detailed analysis of its various segments, including Point-Of-Care Diagnostic, Molecular Diagnostics, Clinical Chemistry & Immunochemistry, Microbiology, Hemostasis, Hematology and Immunohematology. The report also studies the IVD market at the regional level to give an insight into the future potentials.

"Global In Vitro Diagnostic Market Analysis" provides comprehensive information and statistical data of the global IVD market. The report also contains information about the traditional IVD testing markets and the emerging technologies. Analysis and statistics regarding market size, growth, share, segmentation and geographic distribution and trends in technology development have been thoroughly studied in the report. It has deeply examined the current market trends; industrial developments and competitive landscape to enable clients understand the market structure and its progress in coming years.

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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.