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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