Report Highlights
- The U.S. market for medical diagnostic kits (MDKs) increased from $11.2 billion in 2007 to an estimated $12.2 billion by the end of 2008. It should reach $18.5 billion in 2013, a compound annual growth rate (CAGR) of 8.7%.
- MDKs accounted for approximately 23% of all clinical diagnostic testing in the U.S. in 2007. With the increased market share by instrumentation suites, this share is expected to decline to 20% by 2013.
- Point-of-care (POC) instruments have affected the use of MDKs because of the benefits they offer including improved cost efficiencies and rapid results.
INTRODUCTION
- An extremely large aging population of 78 million so-called “Baby Boomers”
- Increasing rates of various types of cancer
- Continued threat of bioterrorism through chemical/biological methods
- An ever-increasing at-risk population of individuals with diabetes, hepatitis, and human papillomavirus
- A slow down in HIV/AIDS diagnosed cases
- A virtual epidemic of substance abuse
- Introduction of infectious diseases from global migrations of people
- Re-introduction of infectious diseases such as syphilis, tuberculosis, and measles, thought to be vanquished.
- Products that comprise the MDK industry
- Emerging and current MDK technologies
- Analysis of these technologies and their effect on future products and market growth
- Market structure and current market size, with forecasts through 2013, by each segment
- Current market dynamics and trends
- Emerging marketing practices, such as strategic alliances and acquisitions
- The effect of external market forces, such as insurance, regulatory and economic issues, and increased incidence of disease
- Internal aspects of the industry
- Specific opportunities for industry participants and industry suppliers
Report Highlights
-
In 2001, sales at the U.S. manufacturers level exceeded $3.8 billion. By 2006, the market is anticipated to grow at an average annual rate (AAGR) of 6.2% to yield sales of more than $5.1 billion.
-
MDKs accounted for 34.6% of all diagnostic testing in the U.S. in 2001 and by 2006, market share will drop to 30.8%.
-
Point-of-care (POC) instruments have impacted the use of MDKs because of the benefits they offer for improving patient care.
-
The veterinary MDK segment has not developed as previously expected. Sales to this segment only reached an estimated $296 million in 2001 and the AAGR is projected to be only 2% through 2006.
-
Scientific advances resulting from the study of the human genome have fueled an increase in the use of MDKs in the research segment. Average annual growth is expected to be 10.5% through 2006.
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