Diagnostics industry constitutes clinical tests and related operating equipment used to identify and assess medical conditions. The industry is majorly classified into two types: In-vitro diagnostics and in-vivo diagnostics. In-vitro diagnostics are performed in test tubes, while in-vivo tests are performed inside a patient’s body.
Apart from being helpful in medical diagnosis and health screening, diagnostic techniques are also used in genomics, veterinary science, food testing, genetic testing, research and environmental testing. Positron Emission Tomography (PET), medical screening, clinical diagnostic test, Computed Tomography (CT), prenatal diagnostics, diagnostic imaging, Magnetic Resonance Imaging (MRI), radiology and retrospective diagnosis are some of the major medical diagnostic techniques.
The diagnostics market is constantly changing with the influence of rapid developments in technologies. Advancements in nanotechnology and genomics have taken the diagnostics process to a different level. For example, molecular diagnostics and theranostics have resulted in a shift towards distributed model, allowing the tests to be performed on patients at point of care. Developments across point of care diagnostic is facilitating growth in personalized medicine.
Nuclear medicine imaging is another emerging trend which has gained a significant popularity in the diagnostics industry. In nuclear medicine, radioactive substances are used in diagnosis as well as treatment process. PET, SPECT and planar scintigraphy systems are some of the nuclear medicine imaging techniques used to diagnose cardiac, brain, cancer and other diseases.
Technological advancements, a rise in aging population, increased use of point of care diagnostic products and rising incidence of chronic diseases are key market drivers. Additionally, increasing medical imaging procedures and increased awareness for early diagnosis are expected to increase demand of diagnostics industry. However, unfavourable reimbursement scenario, high cost of imaging technologies and stringent government regulations are some of the challenges faced by the diagnostics industry.
ASDReport.com has an extensive repository of reports on diagnostics market. These reports cover various emerging technologies and topics related to diagnostics market like, cytometry, prenatal diagnostics, companion diagnostics, transplant diagnostic, and much more.