[Report] Medical Diagnostic Kits

Abstract

This report:

Describes the products that comprise the Medical Diagnostic Kits (MDK) industry
Details emerging and current MDK technologies
Analyzes these technologies and their impact on future products and market growth
Evaluates market structure and current market size with forecasts through 2013 with specific emphasis on each segment
Addresses the effects of external market forces, such as insurance, regulatory and economic issues and increased incidence of disease.

Introduction

STUDY GOALS AND OBJECTIVES

This study, Medical Diagnostic Kits (MDKs), provides the reader with an intensive examination of the in vitro medical diagnostic kit segment of the medical device market. It will specifically address the changes that have occurred as the result of technological advances and regulatory implementations from 2002 to 2007, and the impact these changes will have on the overall market and key market segments.

Beyond focusing on these changes, this report will define the entire MDK industry, including its structure and dynamics. The report will also discuss the major players, their relative market shares, the impact of external market forces, and implications for current and emerging technologies.

REASONS FOR DOING THE STUDY

Significant changes have occurred in the MDK market since BCC Research last examined the market in 2002. The market for analytical test kits packaged for use on a single-test basis to test for a wide variety of substances has been affected by dramatic changes in the global environment, as well as changes in demographics and national security issues within the United States. Significant changes include the following:

An extremely large aging population of 78 million so-called "Baby Boomers"
Increasing rates of various types of cancer
Continued threat of bioterrorism through chemical/biological methods
An ever-increasing at-risk population of individuals with diabetes, hepatitis, and human papillomavirus
A slow down in HIV/AIDS diagnosed cases
A virtual epidemic of substance abuse
Introduction of infectious diseases from global migrations of people
Re-introduction of infectious diseases such as syphilis, tuberculosis, and measles, thought to be vanquished.

This report will identify and examine these marketplace trends and forecast future market changes from 2007 through 2013.

The current marketplace is highly competitive among established companies and new entrants expanding the variety of tests available as MDKs. To differentiate their products from competitors, new technologies and innovative marketing strategies are being used.

In addition to the expansion of the market through new tests, the MDK market is also affected by the development of inexpensive, automated testing devices, known as point-of-care (POC) instruments, which have replaced MDKs in smaller laboratories and physicians' offices. This trend is definitely present in the clinical testing and veterinary markets. Additionally, clinical testing is being affected by the introduction of automated suites of instruments designed to increase the processing of diagnostic assay kits. All of the major manufacturers of MDKs now have automated suites of instrumentation for the clinical, research, and veterinary markets.

INTENDED AUDIENCE

This study of the competitive and evolving MDK industry will be beneficial to diagnostic industry participants holding marketing, management, and technical development positions. It will also benefit readers who are suppliers to this industry. Additionally, investors, venture capitalists, insurance companies, and those interested in diagnostic medical testing will find this report valuable.

SCOPE OF REPORT

All products classified as MDKs are found in this report. These include products prepackaged for in vitro manual testing (whether the end point is detected by the naked eye or by using a reading device). The report specifically excludes tests that involve automated testing or tests that require processing devices and semi-automated batch testing devices.

The MDK market encapsulates current and potential products, related technologies, components and component suppliers, end markets, governmental and regulatory agencies, major companies competing in this market, relative market shares, and the impact of the worldwide market status.

This study defines the MDK market and provides detailed information on the following:

Products that comprise the MDK industry
Emerging and current MDK technologies
Analysis of these technologies and their effect on future products and market growth
Market structure and current market size, with forecasts through 2013, by each segment
Current market dynamics and trends
Emerging marketing practices, such as strategic alliances and acquisitions
The effect of external market forces, such as insurance, regulatory and economic issues, and increased incidence of disease
Internal aspects of the industry
Specific opportunities for industry participants and industry suppliers

INFORMATION SOURCES

Information sources for this report include company websites and product literature, financial analyst reports, industry association members, and industry sources.

The primary data collection methodology for this report focuses on information provided by industry personnel, through Web-based sources or interviews, government agencies, industry observers, and industry professional organizations. In addition to these primary data sources, secondary data research techniques include a literature search of medical, government, and business libraries.

All data collected were analyzed by BCC personnel to determine specific findings and to make forecasts. Once these forecasts were obtained, they were validated by consultation with industry experts. Consequently, all estimates provided in this report represent a consensus opinion of BCC personnel, industry participants, and industry observers.

Growth forecasts are made in constant 2007 dollars based on the U.S. manufacturers' (wholesale) price levels, unless otherwise noted.