Table of Contents
Top 6 Trends Affecting the Diagnostics Market : Evolving Strategies by Market Leaders to Keep Up With Changing Healthcare Trends
The IVD market constantly changing. Mega Trends such as consolidation, automation, and reimbursement policies affect every aspect of the market. This study looks at the effects of these trends on three global consumer segments: hospitals, laboratories, and patients. The growing importance of diagnostics in patient care is expanding beyond hospitals and laboratories to homes, long term and chronic care, and other segments in healthcare. Apart from the major trends in IVD, there are other key trends like the growing digitalization of healthcare to enable a more efficient patient care continuum.
Key Trends in the In Vitro Diagnostics Market
Changing IVD Regulations Worldwide
Stricter US Food and Drug Administration (FDA) regulations in the US impede innovation and adoption of devices and tests in this region. Europe, even though more lenient on the regulation front, is impeded by strict reimbursement policies. Lenient policies and reimbursement breaks make China, South America, and Africa attractive for companies to launch new products.
Shift to Data Driven Healthcare
Increasing integration of digital devices is changing the face of healthcare. Technology ranges from simple automation systems in labs to Electronic Health Records (EHRs) utilizing Big Data to deliver personalized medicine.
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