Medical industry is an integration of various segments of medical diagnostics and pathology such as clinical services, diagnostic laboratories, personal hygiene/personal care, medical supplies, blood banks, trials & research, etc. Medical industry harnesses the power of continuous research, scientific advancements and technological developments to provide efficient and effective medical test results. On the basis of technology, medical diagnostics market can be divided into diagnostic imaging, clinical research, immunodiagnostics, hematology and molecular diagnostics.
In-vitro diagnostics and clinical research are the key segments in medical industry. They help in identifying cause factors and formulate methodologies for treatment of various medical conditions. Within in-vitro diagnostics various medical devices and reagents are used to examine urine, stool, tissue, blood and other body fluids to detect diseases and infections.
Immunodiagnostics utilizes antigen-antibody reaction to detect infectious diseases, drug abuse, diabetes, tumors and allergens. In addition, advanced technique termed as molecular diagnostics has been incorporated for the benefit of early detection of life threatening medical conditions such as cancer and genetic disorders. Molecular diagnostics uses techniques like DNA sequencing, Polymerase Chain Reaction (PCR), microarrays, next-generation sequencing, hybridization and other advanced methods to analyze biological markers in the genome and proteome. Molecular diagnostic has been the key driver to initiate the concept of personalized medicine.
In medical industry cord blood banking has emerged as a new phenomenon wherein cord blood stem cells are stored for the purpose of providing treatment for various complex medical conditions and they are also used to repopulate blood. Some of the factors like shortage of cord blood banking units and cost are expected to undermine the growth.
Some of the major companies operating in medical Industry include General Electric, Siemens, Medtronic, Johnson & Johnson, Fresenius Medical Care, Covidien, Novartis, and Philips.
ASDReport.com has an extensive repository of reports which can meet most of your market research related requirements on medical industry. The reports cover various topics and procedures of medical industry such as digital therapeutics, Point-of-Care analysers, dental bone graft, sample preparation, allergy diagnostics, in-vitro toxicology testing, and much more.