1. Market Research
  2. > Healthcare
  3. > Medical Device
  4. > In Vitro Diagnostics Market Trends

Impact of US Healthcare Reform on the In Vitro Diagnostics Market

  • June 2014
  • 87 pages
  • Frost & Sullivan
Report ID: 2212022

Summary

Table of Contents

Patient Influx and Increased Testing Will Steer Clinical Labs toward ACO Models

This Market Insight highlights the effects of the US Patient Protection and Affordable Care Act on the in vitro diagnostics (IVD) market, diagnostic test service providers, and IVD manufacturers. The deliverable also focuses on global trends and the outlook for the IVD market. Estimates and trends for all IVD segments—immunochemistry, point-of-care testing, molecular diagnostics, clinical microbiology, tissue diagnostics, hematology, hemostasis, and self-monitoring blood glucose—are provided. Key market drivers and restraints and the competitive landscape for the global market are discussed. The base year is 2013.

Executive Summary
-The US healthcare reform act, commonly called the Affordable Care Act (ACA), has created both challenges and opportunities for clinical laboratories and manufacturers of in vitro diagnostics (IVD). Negative effects include reimbursement reductions and cost containment measures due to decreased operating margins; positive effects include increased prevention and wellness services that will increase test volumes for labs.
-Home care, healthcare information technology (HCIT), pharmaceuticals, and wellness services are expected to benefit as a result of healthcare reform.
-As a result of reimbursement issues and greater awareness, laboratory-based testing is becoming decentralized, which will result in the growth of point-of-care testing (POCT) and molecular diagnostics segments of the IVD industry.
-Next-generation sequencing and digital polymerase chain reaction (dPCR) remain popular molecular diagnostic technologies.
-Clinical microbiology, tissue diagnostics, hemostasis, hematology, and immunochemistry are moving toward automation. These are well-established, mature segments dominated by IVD market leaders. Competition between market participants is stiff.
-With personalized medicine on the horizon, more pharmaceutical and IVD industry partnerships are being observed to develop companion diagnostic products.

Opportunities for IVD Manufacturers and Clinical Labs
The following are macro-level trends for the IVD industry:
-Decentralization: The move to reduce costs and perform diagnosis during single patient visits generate more demand for point-of-care testing (POCT) applications.
-Molecular testing: Technologies and tests based on genetic material and protein composition that facilitate early detection and a personalized approach are on the horizon. As of 2013, the National Institutes of Health (NIH) Genetic Testing Repository had about tests available for conditions for genes.
-Automation: New testing methods are coupled with laboratory information management systems to suit growing demand and staffing shortages.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

2017 POC/Point-of-Care Testing Markets: Cancer Clinics, Ambulatory Centers, Surgery Centers, Nursing Homes, Birth Centers-- Volume and Sales Segment Forecasts, Emerging Technologies, Instrumentation Review, Competitive Strategies

  • $ 7500
  • Industry report
  • March 2017
  • by Venture Planning Group

This 1,007-page report provides a comprehensive analysis of the emerging POC market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, ...

IVD Market in BRIC by Product & Service, Technology, Application, Country - Forecast to 2022

  • $ 5650
  • Industry report
  • May 2017
  • by MarketsandMarkets

The IVD market in BRIC is expected to reach USD 15.71 billion by 2022 from USD 10.60 billion in 2017, at a CAGR of 8.2%. The key factors driving the growth of the market are growing patient awareness of ...

Global In-Vitro Diagnostics (IVD) Market: Analysis and Forecast 2017-2023 (Focus on Product Type, Test Type, Application, and Competitive Landscape)

  • $ 4999
  • Industry report
  • April 2017
  • by BIS Research

IVD Market expected to increase to $76 billion by 2023, increasing its influence over healthcare spending globally Description In-Vitro diagnostics (IVD) is a broad term which refers to the use of medical ...


ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.