Saturday, 18 August 2018

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Accelerating IVD Innovations

Not always perceived as the most exciting field as therapeutics, the diagnostics industry is gaining momentum and growing and changing just as fast. At a rapid pace with projected sales growth between 2012 and 2018 from $43.6 billion to $58.8 billion (CAGR of 5.1 per cent), the industry looks appealing (EvaluateMedtech). 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.

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