We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress hp
Sign In
Advertise with Us
PURITAN MEDICAL

Download Mobile App




Top Five In Vitro Diagnostic Trends of 2016

By LabMedica International staff writers
Posted on 20 Dec 2016
Companies in the global in vitro diagnostic (IVD) market which is currently worth USD 60.5 billion are being affected by various trends such as hospital consolidation, China’s increasingly important role in product launch decisions, service test markets, new small clinic targets, and mergers & acquisitions.

These are the latest findings of Kalorama Information, (New York, NY, USA), an independent medical market research firm, which has identified the top five trends in the global IVD market for 2016.

The global IVD market is responding to the trend of healthcare consolidation with a renewed approach to core lab markets and automation systems aimed at the big accounts. More...
Integrated health networks are increasingly demanding greater centralization of diagnostic testing to streamline workflows and direct better healthcare information to professionals.

Meanwhile, in the last five years, China has strengthened its position as an IVD market close behind the US, European Union, and Japan. Apart from obtaining the US Food and Drug Administration’s (FDA) approval or European CE marking, receiving approval from the China FDA (CFDA) has now become the next significant milestone in product development for a number of IVD companies. What is particularly interesting about the significant growth of the Chinese IVD market is the growing importance of its cancer diagnostics space. Although advanced cancer testing is generally not associated with middle-income countries, China’s strong research abilities in sequencing and globally significant patient populations in the urban markets have given rise to huge opportunities for overseas IVD companies. Within the Chinese cancer diagnostics market, the highest activity is being seen in the area of next-generation sequencing (NGS), driven mainly by demand for non-invasive prenatal testing (NIPT). China’s clinical sequencer base currently includes over 40 hospitals in the region and other testing institutions catering to about 70 other hospitals and clinical clients. Cancer testing is the second-largest clinical application of NGS in China.

Another emerging trend affecting the global IVD market is the increasing penetration of major cancer-focused US LDT companies in the EU market. However, the rising profile of LDTs in the EU could restrict the growth opportunities for the region’s molecular cancer diagnostics market. The increased availability of CE-marked molecular cancer kits has failed to translate into a strong growth in the IVD market segment. Nevertheless, the return of political stability to the region, increasingly favorable economic scenario, and growing demand for advanced LDT services, which in turn, is boosting sales of related reagents and instrumentation, has led to an improved outlook for the regional market. Molecular cancer diagnostics, which is a high-growth market segment globally, is expected to grow by about just 4% in the EU owing to market maturity (as compared to the ROW markets) and limitations on reimbursement (in comparison to the US market which has a more diversified payer system).

Another notable trend is the sharp increase in urgent care centers (UCCs) numbering more than 10,000 in the US, as well as in retail clinics (1,200+), which has created a need for systems capable of dealing with the workflows generally associated with such clinics. Convenient hours are a key strength of UCCs as they offer walk-in, extended hour access for acute illness and injury care that is either beyond the scope or availability of the typical primary care practice. In comparison to traditional physicians, UCCs have a different type of office setting comprising of procedure rooms for lacerations and fractures, radiology department for providing X-ray services, and a laboratory in some cases. On the other hand, retail clinics are comparatively smaller than UCCs, provide limited services, and are usually manned by a single practitioner.

The global IVD market also continued to witness brisk merger activity in 2016. Some deals have allowed larger companies to acquire new technologies, though a shift towards globalization of IVD knowledge is clearly evident.

Related Links:
Kalorama Information


New
Gold Member
Serological Pipets
INTEGRA Serological Pipets
Serological Pipet Controller
PIPETBOY GENIUS
New
Staining System
RAL DIFF-QUIK
New
DNA/RNA Extraction/Purification Kit
Nucleic Acid Extraction or Purification Kit
Read the full article by registering today, it's FREE! It's Free!
Register now for FREE to LabMedica.com and get access to news and events that shape the world of Clinical Laboratory Medicine.
  • Free digital version edition of LabMedica International sent by email on regular basis
  • Free print version of LabMedica International magazine (available only outside USA and Canada).
  • Free and unlimited access to back issues of LabMedica International in digital format
  • Free LabMedica International Newsletter sent every week containing the latest news
  • Free breaking news sent via email
  • Free access to Events Calendar
  • Free access to LinkXpress new product services
  • REGISTRATION IS FREE AND EASY!
Click here to Register








DIASOURCE (A Biovendor Company)

Channels

Molecular Diagnostics

view channel
Image: The RNA-seq based diagnostic test for pediatric leukemia ensures better outcomes for children with this common cancer (Photo courtesy of Qlucore)

RNA-Seq Based Diagnostic Test Enhances Diagnostic Accuracy of Pediatric Leukemia

A new unique test is set to reshape the way Acute Lymphoblastic Leukemia (BCP-ALL) samples can be analyzed. Qlucore (Lund, Sweden) has launched the first CE-marked RNA-seq based diagnostic test for pediatric... Read more

Hematology

view channel
Image: CitoCBC is the world first cartridge-based CBC to be granted CLIA Waived status by FDA (Photo courtesy of CytoChip)

Disposable Cartridge-Based Test Delivers Rapid and Accurate CBC Results

Complete Blood Count (CBC) is one of the most commonly ordered lab tests, crucial for diagnosing diseases, monitoring therapies, and conducting routine health screenings. However, more than 90% of physician... Read more

Immunology

view channel
Image: A simple blood test could replace surgical biopsies for early detecion of heart transplant rejection (Photo courtesy of Shutterstock)

Blood Test Detects Organ Rejection in Heart Transplant Patients

Following a heart transplant, patients are required to undergo surgical biopsies so that physicians can assess the possibility of organ rejection. Rejection happens when the recipient’s immune system identifies... Read more
Copyright © 2000-2025 Globetech Media. All rights reserved.