In vitro diagnostics (IVD) is used to detect medical conditions, infections and diseases. Various medical devices and reagents are used to perform tests on samples such as tissues, blood, urine, stool and other body fluids derived from human body. Some tests are performed in laboratory and some can be carried out at the point-of-care (POC). Polymerase chain reaction (PCR), microarray techniques, hybridization, sequencing technology and mass spectrometry are some of the commonly used technologies for IVD.
The diagnostic industry has been going through a continuous advancement in technologies and methods, which has resulted in a shift from traditional to advanced methods such as molecular diagnostics. Molecular diagnostics is the method of analysing biological markers present in human genetic code to help in deciding on therapies to work best for individual patients. Its main advantage lies in the ability to detect diseases in their early stage, which is a lifesaving factor, especially in case of cancer.
Molecular level analysis allows diagnostics methods to combine with drug therapy, where an ideal dose of drug can be identified and delivered at the same time by nano devices. This emerging technology, which is a combination of both drug therapy and diagnostics is known as theranostics and it is generally employed at point-of-care. Success of theranostics will majorly depend on effective collaboration of diagnostics and drug companies. Regulatory issues along with the high development cost can be barriers for the growth of theranostics market.
Increasing incidences of chronic, infectious and lifestyle diseases, rising geriatric population and growing demand for advanced diagnostic devices are the key market drivers. Furthermore, increased application of personalized medicines along with technological advancements to develop high sensitivity point-of- care are expected to fuel the market growth. However, stringent government regulations and unfavourable reimbursement policies can impact overall in vitro diagnostics market.
ASDReport.com provides wide coverage on in vitro diagnostics & theranostics market. The reports cover various technologies and topics related to the market like, flow cytometry, in vitro fertilization, protein labelling, veterinary reference laboratory, and much more.