In Vitro Diagnostics: The Quest for Growth
The global economic downturn has put pressure on large, consumer-based in vitro diagnostic markets, such as diabetes glucose-testing, driving down sales, pricing, and profits. As a result, the IVD industry is actively seeking out higher growth opportunities to offset this impact-and it is finding solutions in several areas, branching into underserved emerging markets like China and India and targeting higher-growth clinical segments such as cancer, women's health, and infectious disease. But perhaps the biggest opportunity for future growth lies in the field of molecular diagnostics, particularly products that address the move toward more personalized care. Suppliers well positioned to take advantage of this opportunity are likely to experience strong growth ahead.
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ASCO 2014: Oncology Companion Diagnostics Market Poised For Growth
The market for oncology companion diagnostics is poised for significant growth, according to Sagient Research Systems. Reporting from ASCO 2014, Sagient analysts highlight key presentations on companion diagnostics, provide information on oncology diagnostic market trends, and note movement in clinical trials toward more adaptive designs with smaller patient numbers and incorporation of companion diagnostics.
Molecular Diagnostics Moves Into Prostate Cancer
While the PSA test is still widely recognized as a valuable prostate cancer screening tool, its dismal accuracy record has created an acute need for more effective and informative alternatives, and the field of molecular diagnostics, based on gene-based biomarkers, is leading the charge.
The Clinical Laboratory Of The Future: Can Technology Fill The Gaps?
Clinical laboratories in the US and Europe are facing pressure from all sides as budget cuts and staffing shortages compete with a growing demand for ever-more-sophisticated lab tests to serve an aging population. As a result, lab directors are seeking innovative ways to improve efficiency and do more with less, and those goals are driving innovation in technology-based solutions such as laboratory automation and informatics. These solutions are increasingly becoming integrated into the total laboratory process – encompassing not only sample analysis, but also up- and downstream workflows – paving the way for the fully integrated, automated lab of the future.