Latin American IVD Market Grows, finds Kalorama Report

FOR IMMEDIATE RELEASE
Manhattan, New York, United States of America (Free-Press-Release.com) September 10, 2010 -- Latin American countries with growing health services, most notably Brazil, represent one of several emerging IVD markets that will fuel growth, according to the Worldwide Market for In Vitro Diagnostic Tests, 7th Edition , written by Shara Rosen and published by Kalorama Information. Emerging markets, primarily Brazil will still experience market growth rates, according to Kalorama, the growth is fuelled by privatization and health insurance initiatives by governments and employers.

"An emerging middle class will be demanding top medical services, and testing will be a part of this," said Rosen. "Brazil for instance has markets for molecular testing and other higher technologies where high revenue growth is possible."

The 191 million person nation will spend close to two hundred million dollars on testing this year, according to Rosen, fueled by privatization and health insurance initiatives by governments and employers. Chile is another nation that will see increased provision of healthcare. The report can be found at Kalorama Information at http://www.kaloramainformation.com/pre-pub-Worldwide-2613362/.

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