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The fact remains that a major percentage of deaths by diseases is attributed to wrong or delayed diagnosis – a trend that’s enhancing awareness and in turn the penetration of in vitro diagnostics products. The in vitro diagnostics sector continues to remain one of the largest medical equipment sectors globally. Driven by awareness, affordability, increasing health spending and access to quality healthcare, the global in vitro diagnostics sector is expected to grow at a steady pace.

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Global In Vitro Diagnostics, Market Size and Growth
The global in vitro diagnostics (IVD) market was valued at $31.1 billion in 2008. Driven by growth in the instruments market category, the market is forecast to grow by 8% annually during 2008-2015 to reach $53.3 billion by 2015.

The clinical chemistry test reagents category continues to remain the major contributor to the overall market value. This category which was valued at $10.6 billion, contributed 34% to the overall IVD market value in 2008. Direct to Consumer (DTC) marketing thrust will be the key trend in driving growth in the global IVD market.
This latest in vitro diagnostics market data and analysis was taken from the research report "Global In Vitro Diagnostics Investment Opportunities, Analysis and Forecasts to 2015published by Global Markets Direct - for more information on this report, Click Here
 

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