Indian IVD Emerging as One of the Fastest Growing SegmentsBy: Shushmul Maheshwari
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Indian IVD Emerging as One of the Fastest Growing Segments
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Advances in human genomics, bioinformatics, miniaturization, and microelectronics often blended with information and computer technology have led to a growth spurt in the global market for in vitro diagnostic (IVD) tests. Among others, Indian IVD market is anticipated to grow at a CAGR of around 15% during 2009-2012, emerging as Asia’s third largest IVD market after Japan and China, says our econometric study “Global In Vitro Diagnostic Market Analysis”. This growth rate compares with a CAGR of around 9% in the global IVD market during the same period.
We have done extensive research on the global IVD market in order to monitor various trends and developments undergoing across the key IVD markets. We have found that although Indian IVD market is very small compared to the global IVD market, it is growing at a rapid pace to outperform other major markets in near future. “Various factors, such as increasing urbanization, unhealthy diets and growing sedentary lifestyle, have strongly boosted the prevalence of lifestyle-related diseases such as diabetes and cardiovascular diseases in the country. Owing to these factors Indian IVD market is projected to grow at double the pace of the global IVD market,” says a research analyst at RNCOS.
We have observed that growing health consciousness among middle- and high-income families in India is heralding a new business opportunity. This has shifted focus from in-patient treatment to a regular preventive health check. For example, corporate companies offer annual health check for their employees, insurance companies conduct pre-insurance policy check, and self paid health checks also give out a potential business opportunity.
Our study analyzes the key markets and segments of Industry to give a brief about the future scenario of the industry. The technological factors driving the growth are improving techniques, lab automation process, improved data delivery system, etc. According to our industry experts, several steps should be taken by IVD manufacturers to invest in dedicated research and development.
“Global In Vitro Diagnostic Market Analysis” includes detailed analysis of the factors which are fueling the growth of Indian IVD market. Besides this, report also provides rational analysis and forecast on various segments and sectors of the industry.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM103.htm
Check DISCOUNTED REPORTS on: http://www.rncos.comhttp://www.rncos.com/ |
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| Keywords |
Global In Vitro Diagnostic Market Analysis, Global In Vitro Diagnostic |
| Category |
Business |
| Submission Date |
Feb 26, 2010 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Other links at Business |
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Low Wages & Govt Support Pushing China Ahead of other Asia-Pacific Biotech Markets
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We have recently released a new research report, “Asia Pacific Biotechnology Market (2008-2012)”, which says that the Chinese biotechnology market is expected to grow at a CAGR of over 23% during 2007-2012. This will enable the country to represent around 25% of the Asia Pacific biotech market revenue by 2012.
The report has identified lower wages in China compared to other Asian-Pacific countries as the main reason for high growth in the country’s biotechnology market. For instance, wages in China are 10% to 15% lower than that in India, one of the low-cost countries. Moreover, with hire and fire policy, the labor policies in China are more liberal, helping the biotech industry to increase productivity and reduce cost.
The Chinese government strongly supports its biotech industry and has been aggressively investing in the industry to foster growth, says the report. Apparently, the annual investments by the government surged at a CAGR of 86.12% during 2001-2005 to US$ 1.2 Billion in 2005 from US$ 100 Million in 2001. In addition, we expect that the investment will rise to US$ 8.8 Billion by the end of 2010 as the government intends to make China one of the leading biotech markets in the world.
China is just one of the many Asia-Pacific countries discussed in the “Asia-Pacific Biotechnology Market (2008-2012)”. The report provides comprehensive overview on the biotechnology market of countries like Japan, Taiwan and Singapore. It highlights the fact that Asia-Pacific biotechnology markets differ from each other remarkably in terms of infrastructure, talent pool, size, funding, growth, and potential as an outsourcing destination. It gives valuable information along with statistical data to pharmaceutical & biotechnology companies and investors planning to invest in these markets, helping them to plan their strategies according to the individual market.
The report also provides information on the market size, segmentation, structure, growth, future prospects, success and risk factors, and evolving trends in technology development.
For more information visit: http://www.rncos.com/Report/IM138.htm
Current Industry News: http://www.rncos.com/Blog/
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Data Entry: Online and Offline data entry services
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Data entry is a fast growing industry. Data entry plays important role in any company to manage data in structured way. Generally data entry cover most business and professional activities, including data conversion, document and image processing, catalog processing, image enhancement, image editing, and photo manipulation.
Numerous companies are seeking help for data entry services in order to better manage their company database. There are different types of data entry, such as: data entry for insurance claim, legal formalities, and entry for cards, books, and images. Data Entry can be discriminated in two forms:
* Online Data Entry
* Offline Data Entry
• Online Data Entry:
Online data entry is now commonly used by businesses and these services are generally offered by outsourcing companies with the required standards and specifications. Online Data Entry covers data verification data entry from paper or image to web or web to web. Online data entry services are enormously helpful in all the fields where the data needs to be stored, maintained and used for future applications.
Online data entry normally used for simple data entry work, compilation from web sites, e-books, business card, catalog and form processing, etc. Online data entry needs experienced, professional online data entry operators who must reliable and accurate in data entry field.
• Offline Data Entry:
Offline data entry is a task of entering data into any word processor, like MS word, excel, MS access or any other application, here no internet is required all task is done offline. Offline data entry deals with inputting raw information to a database program or maybe a word processor as per the instruction of the customer, without using the internet. Offline data entry is the process of inputting raw details or information to a database program or a word processor as per certain specifications without making use of the internet facility. Offline data entry services will be of great help to you in achieving your business success.
Data entry has number of variations. Data entry includes numeric data entry, textual data entry, doubled keyed entry and also image entry. Online copying, pasting, editing, sorting, and indexing data in various formats. Online data capture and gathering data, catalog data entry. Moreover, Large Company have large volume of data and storing them is very difficult. Managing these data in multiple formats is a severe headache. . Data entry services are very helpful in one or more ways as they contain vital business services.
Do visit us at: http://www.offshoredataentry.com/ to know more about our online and offline services and get our services at very affordable rates. You can also send your data entry requirements to us at: info@offshoredataentry.com
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Branded Clothes Demand Rising in Vietnam
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With growing brand awareness, fashion consciousness and rising demand for quality clothes, sales of clothes in Vietnam are projected to grow at a CAGR of around 15% by the end of 2012, says “Vietnam Retail Analysis (2008-2012)”, a new research report from RNCOS.
The report further says that while Vietnam’s domestic garment market is largely export-oriented, local demand for better quality clothing is also keeping pace with rising brand awareness and consumer-oriented society.
Domestic textile/garment industry recorded sales growth at the rate of more than 15% per year, accounting for one fourth of the total production in the country. Popular fashion brands such as Giordano, Mango, D&G, Gucci, Bossini and Valentino have been well accepted by Vietnamese, but genuine label products are still unaffordable for most of the people. Interestingly, Chinese brands like Bossini, Giordano and Mango received good response from people living in big cities owing to their affordable price range.
As Vietnam has recently acquired the WTO membership, growth prospects for its textile/garment industry have boosted as it can increase exports to the US and Europe (the biggest export markets for Vietnam) without any quota limitations. Besides, rise in textile exports will also enable Vietnam to generate more jobs and increase foreign exchange. In the backdrop of these factors, the Vietnamese apparel industry is expected to grow at a CAGR of 9.95% from 2007 to 2011.
“Vietnam Retail Analysis (2008-2012)” gives exhaustive research and rational analysis on fast changing retail industry in Vietnam. The report studies key facts and issues related to Vietnam retail industry such as market size and scope of retail industry, major retailers, their presence and strategies employed by them. It also discusses present and past market trends, opportunities and challenges to enable clients align their investment strategies accordingly.
The report also provides forecast on various segments of Vietnam retail industry, including disposable income, total retail sales, retail sales of footwear, retail sales of cosmetics and toiletries and retail sales of household cleansing products.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM097.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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Non-life Insurance Shows Positive Growth in Vietnam
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According to “Vietnam Insurance Sector Forecast to 2013", a new report from research firm RNCOS, despite the economic slowdown, the non-life insurance industry in Vietnam is expected to rise at a CAGR of nearly 25% between 2009 and 2013. Strong demand in motor vehicle, property and health insurance will lead the growth.
As per our research, various legislations have been introduced to ensure the security of road users considering motor vehicles as the common means of transportation. There are laws which mandate motor vehicle owners to carry insurance cover in respect of third party bodily injury. From 2003 to 2007, the number of cars joining compulsory insurance increased by 7.3% annually while the number of motorbikes increased at the rate of 15%.
However, our research shows that the number of motor vehicle owners to have signed on for insurance is still low when compared to the total number of motor vehicles on the road that are continuously growing. Just 68% of cars and 30% of motorbikes have joined compulsory insurance so far. Thus, the market still offers huge space for growth in the the coming years. Therefore, in terms of gross premium written, the motor insurance segment is forecasted to grow at a CAGR of about 15% during our forecast period (2009-2013).
Additionally, the WTO agreement, which makes the non-life insurance sector fully open to foreign investors, will continue providing an additional impetus to the sector. The country became member of WTO on January 11, 2007.
“Vietnam Insurance Sector Forecast to 2013" is a comprehensive research report that comprises quality research and in-depth analysis on the insurance market in Vietnam. It studies the emerging market trends, recent developments and their impact on the market. The report will help clients to analyze the leading-edge opportunities, prospective customer base, key players, expected future outlook and all the other factors which are critical to the success of a new entrant in the insurance industry of Vietnam.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM195.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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