Aruna Rajan1, Harry Glorikian. 1. Scientia Advisors, 1 Main Street, 7th Floor, Cambridge, MA 02142, USA +1 617 407 5093, +1 617 299 3022 ; +1 617 812 0315 ; hglorikian@scientiaadv.com.
Abstract
BACKGROUND: There is a significant demand for in vitro diagnostic (IVD) testing to move closer to the patient point-of-care diagnostics [POC]), whether in the hospital, physician's office, rapid clinic or the home, effectively cutting time to results and helping patients make better informed decisions about their health. OBJECTIVE: To analyze the point-of-care market and its trends and growth drivers. METHODS: In 2007, POC made up 30% of the IVD market and is expected to grow at 9% a year. Although the overall POC market is expected to grow steadily, infectious POC is now the most attractive segment. Availability of rapid random access molecular diagnostic system for critical care infectious diseases such as MRSA and sepsis in the near future is likely to be a significant driver of infectious POC post 2012. RESULTS/ CONCLUSIONS: Owing to the extraordinary increase in the cost of care, healthcare delivery is moving to increasingly decentralized settings such as rapid clinics and the home, driven by point-of-care diagnostics that provide accurate and directional results. We are evolving from the analog testing world to the digital testing world, where diagnosis is exact and therapy can be administered and be predictably effective.
BACKGROUND: There is a significant demand for in vitro diagnostic (IVD) testing to move closer to the patient point-of-care diagnostics [POC]), whether in the hospital, physician's office, rapid clinic or the home, effectively cutting time to results and helping patients make better informed decisions about their health. OBJECTIVE: To analyze the point-of-care market and its trends and growth drivers. METHODS: In 2007, POC made up 30% of the IVD market and is expected to grow at 9% a year. Although the overall POC market is expected to grow steadily, infectious POC is now the most attractive segment. Availability of rapid random access molecular diagnostic system for critical care infectious diseases such as MRSA and sepsis in the near future is likely to be a significant driver of infectious POC post 2012. RESULTS/ CONCLUSIONS: Owing to the extraordinary increase in the cost of care, healthcare delivery is moving to increasingly decentralized settings such as rapid clinics and the home, driven by point-of-care diagnostics that provide accurate and directional results. We are evolving from the analog testing world to the digital testing world, where diagnosis is exact and therapy can be administered and be predictably effective.
Authors: Alexander P Reddington; Jacob T Trueb; David S Freedman; Ahmet Tuysuzoglu; George G Daaboul; Carlos A Lopez; W Clem Karl; John H Connor; Helen Fawcett; M Selim Ünlu Journal: IEEE Trans Biomed Eng Date: 2013-12 Impact factor: 4.538