Industry Analysis & Industry Trends
Healthcare has been shifting from curative care to detection, prevention and personalized care over the past five years, which has benefited the Diagnostic and Medical Laboratories industry. Moreover, the trend of preventive care stimulates demand for industry services, as more physicians monitor patients' blood and tissue, and test for health ailments with technology like MRI scans. However, the recession caused fewer individuals to have employer mandated health insurance and greatly limited industry revenue growth over the period. Nevertheless, during the next five years, the industry is expected to benefit from healthcare reform and the growing aging population, which will, in turn, boost revenue... purchase to read more
Industry Report - Industry Products Chapter
Analytic or diagnostic services, including body fluid analysis (pathology) and diagnostic imaging, not only help physicians diagnose patients' ailments, but also form a critical part of the full continuum of healthcare delivery: prevention, diagnosis, treatment and monitoring. Scientific advancements in testing capabilities and the age profile of the population influence the extent to which specific types of analytic or diagnostic tests are used. Older people are more likely to suffer from heart disease, liver disease or cancer, which stimulates demand for the elderly to receive testing for these ailments.
The US market in gene-based testing is in excess of $2.5 billion per year and is growing by more than 10.0% per year... purchase to read more