The OTC Market Worldwide Was Estimated To Be About $5.53 Billion In 2005, With 46% Of The Market In The U.S., 34.5% In Europe and 9% In The Rest Of The World Including Asia and Japan.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c44466) has announced the addition of Over-the-Counter Diagnostic Products World Markets 2006 to their offering. The purpose of this report is to describe the specific market segments of the over-the-counter (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). ) diagnostic products and home healthcare markets. It examines the diagnostic measurement devices and their reagents and supplies that are utilized in clinics and by patients directly in their homes to diagnose diagnose /di·ag·nose/ (di´ag-nos) to identify or recognize a disease. di·ag·nose v. 1. To distinguish or identify a disease by diagnosis. 2. and monitor disease. This study also includes a review of home healthcare kits and devices that measure health-related conditions. Focus is on market dynamics and current market drivers of the OTC and home self-testing diagnostics market. This report also looks at the industry challenges and potential threats, and it makes strategic recommendations for boosting market share. The analysis covers healthcare-related devices that are designed for the home market in order to allow consumers to assess their health status through self-testing. In addition, this review examines some biowarfare detection systems. The main objectives of this analysis are: * Identifying viable technology drivers through a comprehensive look at platform technologies for OTC testing. * Understanding the different sectors of OTC testing, such as home self-testing. * Looking at a description of the instruments, reagents and supplies marketed by major companies in each segment of the OTC market Noun 1. OTC market - a stock exchange where securities transactions are made via telephone and computer rather than on the floor of an exchange over-the-counter market segment. * Discussing the market size, growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. and market components for instruments and reagents, controls and consumables utilized. * Obtaining a complete understanding of the individual OTC testing platforms, from their basic principles to their clinical applications. * Discovering feasible market opportunities by identifying high-growth applications in different analytical diagnostic areas, focusing on the biggest and expanding markets. * Examining global industry developments through an in-depth analysis of the major world markets for OTC measurement technologies, including growth forecasts for specific countries. * Presenting market figures regarding the current value of OTC testing, market projections, market share, key players and sector growth rates. * Providing a detailed analysis of each of the major device categoriesCoblood OTC meters, blood OTC meter test strips, lancets and lancing devices, and urine OTC/metabolite monitoring strips. Additionally, this report contains: * Detailed analysis of recent trends in the OTC testing marketplace. * In-depth profiles of the leading companies with OTC testing tools and technologies. * A five-year forecast for the OTC testing market in the biotechnology and diagnostic industries. * Views and principles on the OTC testing industry from leading industry experts. * Analysis of potential new OTC testing applications in the clinical sector. * Market predictions and trends analysis concerning U.S. expenditures on OTC testing solutions. * Projections of OTC glucose testing glucose test See 1 Glucose, see there 2 Glucose tolerance test, see there market sizes for European and Asian markets. * Analysis of commercial OTC testing business strategies such as co-branding. * The latest news and M&A developments in the OTC testing marketplace. * A comprehensive overview and insight into OTC testing business strategies for growth in foreign markets. Companies Mentioned: * Abbott Diagnostics (MediSense) * AmeriSourceBergen * Avitar Technologies, Inc * Bayer Diagnostics * Beacon Diagnostics * 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. * Bindley Western Industries, Inc * Biosite, Inc * Cardinal Health <includeonly></includeonly> Cardinal Health (NYSE: CAH) is a premier, global healthcare company dedicated to making healthcare safer and more productive. Overview Headquartered in Dublin, Ohio, Cardinal Health, Inc. , Inc * Cholestech * HemoCue * Home Access Health Corp * Inverness Inverness, town, Scotland Inverness (ĭn'vərnĕs`), town (1991 pop. 39,736), Highland, N Scotland, on the Moray Firth at the mouth of the Ness River. Medical Innovations, Inc * Johnson & Johnson * LifeScan * Princeton BioMeditech * Quidel Corp * Roche Diagnostics Roche Diagnostics Division is a subsidiary of Hoffmann-La Roche which manufactures equipment and reagents for research and medical diagnostic applications. Internally, it is organized into six major business areas: Roche Applied Science, Roche Centralized Diagnostics, Roche * Saliva saliva Thick, colourless fluid constantly present in the mouth, composed of water, mucus, proteins, mineral salts, and amylase, an enzyme that breaks down starches. One to two litres are produced daily by the salivary glands. Diagnostics * Technical Chemicals & Products, Inc * Worldwide Medical Corporation OTC diagnostic products and home self-testing segments are poised for a major new phase of growth fueled by the availability of new technology coming out of the POC (Proof Of Concept) See PoC exploit. POC - Point Of Contact segment and the higher interest of individual patients and general healthcare consumers in taking charge of their own health status. Global OTC Diagnostic Products Industry Preventive healthcare is emerging as a primary focus of medical intervention, and consumer self-testing is becoming an important part of preventive healthcare as individuals become increasingly aware of and involved with their own health. Several self-testsCoincluding those for blood glucose blood glucose Diabetology The principal sugar produced by the body from food–especially carbohydrates, but also from proteins and fats; glucose is the body's major source of energy, is transported to cells via the circulation and used by cells in the presence , pregnancy, ovulation ovulation /ovu·la·tion/ (ov?u-la´shun) the discharge of a secondary oocyte from a graafian follicle.ov´ulatory o·vu·la·tion n. The discharge of an ovum from the ovary. , fecal occult blood Fecal occult blood is a term for blood present in the feces that is not visibly apparent. In medicine, a fecal occult blood test is a check for hidden (occult) blood in the stool (feces). Conventional fecal occult blood tests look for heme. and various urine componentsCoare used as physicians and patients realize their potential for promoting improved healthcare. The Structure and Size of the OTC Diagnostics Industry The OTC market for home health tests in the U.S. has grown substantially in the last 15 years. It increased from $602 million in 1992 to over $1.4 billion in 1996, representing a 24.5% compounded annual growth rate (CAGR CAGR See: Compound Annual Growth Rate ) in that earlier period. More recently, in 2005, the U.S. OTC market and home self-testing segment rose to $2,588 million. The growth rate for the U.S. market is estimated to be 14% per year through 2010, reaching almost $6 billion by that time. Overall, the OTC market worldwide was estimated to be about $5.53 billion in 2005, with 46% of the market in the U.S., 34.5% in Europe and 9% in the rest of the world including Asia and Japan. The rapid non-instrument-based OTC market is estimated to have manufacturer-realized revenue of approximately $2.8 billion worldwide in 2004. For more information visit http://www.researchandmarkets.com/reports/c44466 |
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