If you are in the IVD industry and are looking for something a little more alluring than the "moderate growth" that one market report projects for mature economies, check out the BRICs. That is the recommendation of a report published today by GlobalData. The IVD Technology website carrried a news item on its publication.
The IVD market in the BRIC countries is expected to grow at a compound annual growth rate of 16% to reach a revenue of $11.7 billion in 2018, according to the report. Predictably, China leads the pack with a 56% contribution.
"The ever increasing patient pool, improving healthcare infrastructure and enhanced health awareness and affordability will keep the IVD market buoyant in the BRIC countries," notes the report.