By Erica Kramer, Ph.D., Nerac Analyst
Originally Published: November 14, 2017
The global in vitro diagnostics (IVD) market was worth about $61.1 billion in 2016 and is projected to grow to $84.6 billion by 2023, with Europe accounting for the second largest market share after North America. The expected market growth, and increased interest in the field by consumers, makes in vitro diagnostics an attractive arena for research, development, and commercialization; however, market growth is expected to be hampered by factors such as price sensitive markets, inadequate reimbursement policies, and stringent government regulations, such as the new European in vitro diagnostics regulation. This article explores the significant changes manufacturers will notice. Read more here!
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