The Global Market for in Vitro Diagnostics (IVD) in 2007 is Estimated to Be USD34 Billion and Growth is Expected to Be around 9% Annually.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c71269) has announced Espicom Business Intelligence's new addition of In Vitro in vitro /in vi·tro/ (in ve´tro) [L.] within a glass; observable in a test tube; in an artificial environment. in vi·tro adj. In an artificial environment outside a living organism. Diagnostic Companies Analysis to their offering. This new report from provides an evaluation of the products, alliances and performance of over 30 leading global players. Evaluation of the products, alliances and performance of over 30 leading global players. HUGE POTENTIAL The global market for in vitro diagnostics In vitro diagnostic (IVD) tests are medical tests conducted in a test tube, or more generally in a controlled environment outside a living organism. In vitro means in glass in Latin. (IVD (Interactive VideoDisc) See interactive video. ) in 2007 is estimated to be US$34 billion and we expect growth to be around 9% annually. Although in vitro diagnostics influence more than 60% of clinical decisions, IVD sales represent only a small proportion of total healthcare expenditures; in 2005 IVD sales in Europe totalled less that 2% of total healthcare expenditure. However, clinicians are under increasing pressure for better clinical outcomes and to control cost through efficient disease management. The early detection and treatment of long-term conditions is critical, and modern, fast and effective diagnostics are essential to meeting these aims. INNOVATION IS DRIVING CHANGE For example, molecular diagnostics is the fastest growing segment of clinical diagnostics with a growth rate of around 10-15% and is estimated to be worth approximately US$2.4 billion. By detecting DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. and RNA RNA: see nucleic acid. RNA in full ribonucleic acid One of the two main types of nucleic acid (the other being DNA), which functions in cellular protein synthesis in all living cells and replaces DNA as the carrier of genetic sequences characteristic of bacteria, viruses or cells, molecular diagnostics has applications in a wide variety of disorders including infectious diseases infectious diseases: see communicable diseases. , cancer and cardiovascular. Molecular diagnostic testing Diagnostic testing Testing performed to determine if someone is affected with a particular disease. Mentioned in: Von Willebrand Disease is often complex and usually carried out in a lab environment. The trend and challenge is to create testing products which provide fast and accurate results in a clinical setting. This is a competitively hot area with Beckman Coulter This article needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , Becton Dickinson BD (NYSE: BDX), is a medical technology company that manufactures and sells medical devices, instrument systems and reagents. Founded in 1897 and headquartered in Franklin Lakes, New Jersey, BD employs 27,000 people in nearly 50 countries. , Siemens, bioMerieux, Roche and Gen-Probe all involved. Content Outline: Foreword Introduction What are in vitro diagnostics? Market sectors Geographic trends Regulatory environment Company Profiles Espicom Sources Others List of Tables List of Figures Companies Mentioned: -Abbott Diagnostics -Acolyte Biomedica -Adaltis -Axis-Shield -ARKRAY -Beckman Coulter -Becton Dickinson -BioMedica Diagnostics -bioMerieux -Bio-Rad -Biosite -Cytyc -Dade Behring -Dako -DiagnoCure -DiaMed -Fujirebio Diagnostics -Genomic Health -Gen-Probe -Genzyme Diagnostics -Hitachi Chemical Diagnostics -Inverness Medical Innovations -Luminex -Microbionix -Mikrogen -Olympus -Orion Diagnostica -Ortho-Clinical Diagnostics -Radiometer -Roche Diagnostics -Siemens Medical Solutions -Sysmex -TREK Diagnostics -Veridex For more information visit http://www.researchandmarkets.com/reports/c71269 |
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