Pharmacetical Newswire

Pharmaceutical News!

Press release distribution service
Pharmaceutical Links

Pharmanewswire.Com: Pharmaceutical News

Laboratory-Developed Testing Market Headed for Growth and Global Expansion By 2020




(PharmaNewsWire.Com, January 12, 2017 ) In-vitro diagnostics market is growing a significant rate due to increase in the number of disease cases, rise in aged population and improvement in the healthcare facilities. Laboratory developed tests (LTDs) refer to the specific tests that are developed and marketed only to specific types of laboratories. These tests are developed, evaluated and validated only for particular laboratories. Many laboratories use laboratory developed tests due to non-availability of commercial tests for particular processes. Laboratory-developed testing market is driven by increasing number of laboratories that require specific kind of laboratory testing procedures.

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/3430

North America, followed by the Europe, dominates the global market for laboratory-developed testing due to large number of aging population and broad technical applications of laboratory-developed tests. Government regulatory agency, The US Food and Drug Administration (FDA) approves the tests and assures if the test is safe for patients in the region. Asia is expected to experience high growth rate in next few years in global laboratory-developed testing market. China and India are expected to be the fastest growing laboratory-developed testing markets in Asia-Pacific region. Some of the key driving forces for laboratory-developed testing market in emerging countries are increasing R&D investment, large pool of patients and improving technical advancements.

Some of the major factors that are driving the global laboratory-developed testing market are increasing incidence of diseases, rise in aging population and growing awareness for the availability of different types of laboratory tests. In addition, government funding and increasing R&D in the healthcare sector are driving global laboratory-developed testing market. However, factors such as high costs involved and lack of skilled medical professionals are some of the key factors restraining the global laboratory-developed testing market.

Innovation of more efficient laboratory-developed testing procedures and growing popularity of laboratory-developed testing are expected to offer good opportunity for the global laboratory-developed testing market. One of the latest trends that has been observed in the global laboratory-developed testing market includes companies involved in partnerships and collaborations for developing laboratory developed tests.

To view TOC of this report is available upon request @ http://www.persistencemarketresearch.com/toc/3430

Some of the major companies dealing in the global laboratory-developed testing market are Roche Diagnostics, LabCorp (Laboratory Corporation of America Holdings) and Becton, Dickinson and Company. Other companies having significant presence in the global laboratory-developed testing market are Biodesix and Companion Diagnostics.

Persistence Market Research

Rahul Singh

+1-646-568-7751

rahul@persistencemarketresearch.com

Source: EmailWire.Com

Source: EmailWire.com


Pharmaceutical Sponsors

Free Biotech & Pharmaceutical Magazines

Pharmacy Newswire Video Feed

Pharmaceutical & Biotech Resources
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:

IronPort Provides Email Management and Analysis for a Premier Health Care Solutions Provider
Pharmaceutical & Medical Packaging News
Medical Laboratory Observer

No credit cards, coupons, or promo codes required. Try it today!

Pharmanewswire.com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright GroupWeb Media LLC. All Rights Reserved.

For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com, or contact us.
Copyright 2009 GroupWeb Media LLC
GroupWeb Media Network

Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
| i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
Pharmanewswire.com - Pharmaceutical Newswire and Press Release service of GroupWeb Media LLC