diagnostics, clinical chemistry, microbiology, hematology and others. Further, depending upon test location, the market can be divided into three sub segments; labs, POC and self-test.
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Growth of the global IVD market is driven by several factors including rising cases of infectious disease, increasing diabetic patient base, increasing number of patients suffering from chronic ailments such as cancer. Additionally, escalating global aged population, rising GDP per capita and increasing healthcare expenditure per capita will act as a catalyst for market growth. Owing to the suitable demographical changes and rising disposable income coupled with improving basic infrastructure, developing regions such as Asia-Pacific and Latin America are expected to experience robust growth. However, the market growth is hindered by lack of customer adoption, unclear regulation of new advancing technologies and lack of basic facilities and infrastructure.
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The major trends, growth drivers as well as issues faced by the market are discussed in detail in this report. The four major players: Siemens AG., Inc., Roche Holdings AG., Abbott Laboratories and Danaher Corp. are being profiled along with their key financials and strategies for growth.
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