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In Vitro Diagnostics Market in the US
Taiyou Research, Aug 2011, Pages: 80
In vitro diagnostics tests are medical devices intended to perform diagnosis from assays in a test tube and are extremely helpful in detecting medical conditions in a patient. The demand for in vitro diagnostic or IVD products in the US alone is projected to surpass $25 billion by 2015, thanks to the aging population which can be credited for this boost. Clinical chemistry IVDs are expected to contribute the largest share.
All through 2015, the highest growth rate is anticipated for nucleic acid testing IVDs, which will further be incited by cost, relative to immunoassays and new discoveries which can be used for commercial diagnostic tests for detecting various diseases. Hospital labs will continue to be the biggest consumers, but the most rapid growth will be experienced by the home healthcare market accelerated particularly by self-testing blood glucose monitoring products.
In 2010, the leading producers of IVD commodities in the US were Johnson & Johnson, Swiss-based Roche Holdings and Germany-based Siemens. Demand for IVDs in the United States grossed over $20 billion in 2010, which is a result of an annual growth rate of six percent since 2005. The reason IVDs remain so much in demand is because they are the predominant tools used for the detection of various sorts of medical conditions from samples of tissues, blood etc. taken off from patients. With the ability of these creations to detect medical conditions early and accurately, consumers are becoming more and more dependent on them.
IVDs can be termed as a blessing for many people across the globe as they have eliminated the requirement for hospitalizations in many cases and have helped curb other health related expenditures which earlier were hard to avoid.
The “In Vitro Diagnostics Market in the US” report covers the following:
- An introduction to what in vitro diagnostics are, including an industry definition.
- An analysis of the in vitro diagnostics market in the US. The analysis includes market statistics, market segmentation via products, including blood testing IVDs, clinical chemistry IVD products, diagnostic immunoassays, nucleic acid testing IVDs, and other products.
- An industry structure, import/export scenario of the industry, industry and technological trends are analyzed.
- Industry segment through markets are analyzed, including demand in the home health care market, demand in the hospital laboratory market, demand in the independent clinical laboratory market, and other markets.
- Major players in the industry are analyzed through a company overview, presence in the sector, analysis of business segments, and a SWOT analysis.
- Industry forecast is provided in this report through a product-wise segmentation and market demand forecast scenarios.
The “In Vitro Diagnostics Market in the US” is a comprehensive profile of a lucrative industry.
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