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Global In Vitro Diagnostics Markets Outpace Pharma Industry Growth, finds Frost & Sullivan
Date:6/6/2013

MOUNTAIN VIEW, Calif., June 6, 2013 /PRNewswire/ -- Despite global economic and industry challenges, in vitro diagnostics (IVD) markets are growing robustly at double the rate of the global pharmaceutical industry in some segments. Growth in emerging markets and next-wave emerging markets, particularly in the Asia-Pacific (APAC) region, are the most important factors in formulating future strategies.

New analysis from Frost & Sullivan's (http://www.lifesciences.frost.com) Analysis of the Global In Vitro Diagnostics Market research finds the market size was $45.68 billion in 2012 and forecasts revenue to reach $64.65 billion in 2017. While the U.S. and Western Europe are the largest IVD markets, APAC and Eastern Europe are projected to be the fastest growing. The research covers immunochemistry, clinical microbiology, tissue diagnostics, hemostasis, hematology, molecular diagnostics, self-monitoring blood glucose (SMBG), and point of care testing (POCT) segments.

For more information on this research, please email Britni Myers , Corporate Communications, at britni.myers@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

"The APAC region holds the greatest number of next wave emerging markets, such as Indonesia, Vietnam and the Philippines," noted Frost & Sullivan Senior Industry Analyst Winny Tan , Ph.D. "This fast rising regional market must be part of every IVD company's long-term strategy."

APAC healthcare expenditure is forecast to increase 151 percent by 2020. The demand for better quality
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SOURCE Frost & Sullivan
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