With the increasing patient awareness, it is forecasted that the Indian IVD market will grow at a CAGR of around 15 percent during 2010-2012.

According to the research firm, the Indian IVD market has considerable scope for growth in the coming years. Increasing healthcare expenditure, increasing prevalence of lifestyle diseases, improving access to healthcare centers, and increasing prevalence of health insurance are expected to drive this market in the coming years.

The trend will move toward Rapid Diagnostic Tests and Point-of-Care Testing. Apart from this, the research firm report has also evaluated various factors that will propel the growth of the Indian IVD market during the forecast period (2010-2012).

Besides this, the research firm has done thorough research and prudent analysis of the Global IVD market and identified some critical factors acting as a catalyst for the industry’s current and future growth outlook.

The report reveals that a boost in demand for diagnostics services will drive renewed investments in the IVD market at the global level. Moreover, products with improved specificity and sensitivity; speed-up testing and an increase in high-quality molecular market will pave the growth of the market in coming years by drawing attention of more players towards the market.

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