WASHINGTON and NEW YORK and LONDON, Sept. 29, 2015 /PRNewswire/ -- MarketResearch.com published a blog post that provides an overview of the growing in-vitro diagnostics (IVD) markets in China, Vietnam, and Singapore.
To learn more, check out this blog post: http://hubs.ly/H01d4150.
The IVD markets in Europe, Japan, and the U.S. are expected to report modest growth in the next five to ten years. But, developing and emerging markets in Asia will grow rapidly as the middle class and aging population seek out more healthcare services. Because of this, current industry leaders are reaching into these developing and emerging markets.
China's IVD market was estimated to be worth $2,190 million in 2014 and is expected to grow to $4,235 million by 2019. China's large aging population, the prevalence of non-communicable chronic diseases, significant urban populations, and government support of the healthcare market, among other factors, are expected to drive the growth of the IVD market.
Vietnam's IVD market is an estimated $61.4 million, and it is expected to grow to $80.5 million by 2019. Key drivers for Vietnam's market include increasing business investment, industrialization, and tourism.
Lastly, Singapore's IVD market is an estimated $89 million. Singapore has the highest rated healthcare system in Southeast Asia and a highly competitive IVD market. Many leading companies in the IVD industry are active in Singapore.
With the opportunities for the diagnostics industry varying from country to country, MarketResearch.com is pleased to offer users access to their Knowledge Center solution, which allows unlimited access to a collection of industry-specific market research, specifically on the markets and developments in the diagnostics industry.
To learn more about the Knowledge Center can help you, visit: http://hubs.ly/H01d4350.
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