Global demand for In vitro diagnostic products to increase 6.1% annually to 2014

May 26, 2011 - PRLog -- The report ‘World In Vitro Diagnostics: Industry forecasts for 2014 & 2019’ now available at: http://www.pharmaceutical-market-research.com/go/FED00553 projects world demand for in vitro diagnostic (IVD) products increasing 6.1 percent annually to nearly $68 billion in 2014. Based on the advanced nature of medical delivery systems and widespread insurance coverage for primary health care procedures, the developed countries combined will absorb more than two-thirds of this total. Demand in the developing countries as a whole will expand faster as medical delivery systems are expanded and upgraded and the availability and accessibility of basic health care services improve.

According to the report, evolving epidemiological trends and patient care approaches will impact favourably on worldwide growth opportunities for most types of IVD products. The market for clinical chemistry reagents and instruments will benefit from an increasing number of diabetic patients engaging in self-blood glucose monitoring and the expanding use of general health screening in routine patient examinations. The widening availability of chemilum inescent tests with inherent sensitivity and selectivity advantages will broaden applications for immunoassays in therapeutic drug monitoring, drugs of abuse detection and infectious disease testing.

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