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High growth projections for IVD market in India by 2010

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09 August 2004

According to the 2001 census, India became the second country in the world with a population that crossed the one billion person mark. While China gets a lot of the attention as a developing IVD market, India is also making progress. A report by Kalorama Information (New York City), "Worldwide Market for In Vitro Diagnostics," puts the Indian market for IVD tests at $400 million in 2005, accounting for 1% of the global IVD market, with an annual growth rate of 20% during the next five years. This means that the market should reach $990 million, or about 3% of the global IVD market, by 2010.

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