With a continual rise in chronic and infectious diseases and rising health awareness, the healthcare landscape has seen a rapid surge in in-vitro diagnostic (IVD) technologies. The market is now being flooded with advanced medical devices and testing kits for performing tests on tissue, urine, and blood, with the aim of early detection of diseases, monitoring drug intake, and keeping a check on the medical conditions.
Recently, the field of in-vitro diagnostics has also witnessed a surge in R&D activities in order to kick-start the decade with novel discoveries. The beginning of 2020 has seen the market segmentation of in-vitro in more specific segments like molecular diagnostics, immunoassay, and hematology with molecular diagnostics are suspected to grow at a higher rate.
In the case of non-infectious diseases, IVD is increasingly being used for prenatal and neonatal screening, tissue typing for transplantation, hereditary disease screening, and detecting cancer markers in the blood. Alongside, the domain is exploring medical possibilities in for few other infectious diseases like HIV and Hepatitis, among the many others. However, factors like inadequate reimbursement and stringent government policies on the manufacture of in-vitro products have limited the growth of the market.
Nonetheless, with in-vitro diagnosis growing relatively faster this year, the healthcare domain is witnessing a new era of expansion and innovation, which can help them grow and scale globally, perform better, and gain a strategic edge over its competitors. At this juncture, there is a wide variety of in-vitro solutions providers entering the domain with a set of advanced and integrated offerings. To help medtech companies strengthen their medical services and simultaneously enable growth in the industry, MedTech Outlook has compiled a list of the top 10 in-vitro diagnostic technology solution providers. The list comprises prominent organizations in the industry that are striving to solve healthcare challenges by implementing the current trends in the space. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CXOs.
We present to you MedTech Outlook’s, “Top 10 In Vitro Diagnostic Technology Solution Providers – 2020.”
