New IVD Growth Area May Be the Developing World
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 10/11/11 -- Rapid tests that are easy-to-use and that can provide results in high-temperature and scarce water conditions may be the next big growth opportunity in in vitro diagnostics (), according to a new report by Kalorama Information. The healthcare market research publisher describes a quarter-billion dollar market in the next five years for tests that can detect such as malaria and TB -- but also rarer diseases like leptospirosis and chikungunya -- in its new report, , co-authored by Kalorama's diagnostic market analyst Shara Rosen and Diagnostic Consulting Network President Brendan O'Farrell.
Of the seven biggest killers worldwide, TB, malaria, hepatitis, and, in particular, HIV/AIDS continue to surge, with HIV/AIDS and TB likely to account for the overwhelming majority of deaths from in developing countries by 2020. The response of the international community towards the problem has created a market. The report cites a 13% growth rate for sales of POC tests that treat these most pressing health needs. This is greater than Kalorama forecasts for most areas of the point of care diagnostics market.
"Now that neglected diseases have come onto the radar, the supply of money to deal with it has increased," said Shara Rosen. "For the past 10-15 years politicians and aid agencies have come to understand that infectious diseases are not merely causes of suffering and death but also significant barriers to economic development."
Increased funding for infectious disease diagnostics by groups such as the Gates Foundation, the Program for Appropriate Technology in Health (PATH, Seattle, WA) and The Foundation for Innovative New Diagnostics (FIND, Geneva, Switzerland) is helping to develop a new generation of sophisticated test platforms that are designed to meet the needs of low resource environments (electricity, water, refrigeration, etc.). These efforts may go a long way to improving the detection of pathogens that are found primarily in developing countries (malaria, Chagas, Dengue fever and others).
"However, the same platforms are sorely needed everywhere," according to Rosen. "There is a huge need for user-friendly, highly specific and reliable technologies for rural and underserved communities worldwide, and that is where the opportunity lies."
While it is a growing market, it is not a market without competitors. Kalorama's market research finds that there are at least 75 vendors worldwide that market rapid test kits for emerging infectious diseases. The current market leaders are companies that have invested in sophisticated new technologies and those that have established relationships with governments and international aid agencies.
More specific market categories, as well as trends and detailed company information, can be found in Kalorama Information's .
Kalorama Information supplies the latest in independent in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. We routinely assist the media with healthcare topics. Follow us on and .
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Andrea Hiller
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Datum: 11.10.2011 - 12:54 Uhr
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News-ID 1044720
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