Hi Tommyam!
"How big is the U.S. In Vitro Diagnostic industry?"
According to a Freedonia Group Research report titled ?IN VITRO
DIAGNOSTICS TO 2007? (March 2003), the in vitro diagnostic (IVD)
industry in the United States is worth $11.9 billion and will grow
six percent yearly through 2007,
Relevant excerpts:
?This study analyzes the $11.9 billion US IVD industry.?
?The US market for in vitro diagnostic (IVD) products will grow six
percent yearly through 2007, driven by new reagents and instruments
with better disease detection and measurement capabilities. Nucleic
acid will grow the fastest, spurred by advancing PCR (polymerase chain
reaction) and microarray technologies. Hospital labs will remain the
leading market.?
Freedonia Group http://freedonia.ecnext.com/coms2/summary__0001_001447_000000_000000_0001_1
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From BioPortfolio Limited: In vitro diagnostics will be worth $12.7 billion in 2005
U.S. in vitro diagnostics demand to grow over 7% annually through the year 2005
"US demand for in vitro diagnostic (IVD) reagents and instrumentation
is expected to reach $12.7 billion in 2005, reflecting average annual
gains of over 7 percent."
?Spurred by novel technologies, an aging population and market
penetration of personal monitoring devices, market growth will offset
declining prices in certain segments and consolidation among the
traditional customer bases of hospitals and clinical reference
laboratories. Immunochemistry will remain the largest market, buoyed
by advances in portable immunoassays and immunohistochemistry
instrumentation.?
See the table at the bottom of the page at:
http://www.bioportfolio.com/reports/freedonia_diag.htm
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?US demand for in vitro diagnostic (IVD) reagents and instruments will
grow nearly six percent per year to $17.2 billion in 2007.?
Source
In Vitro Diagnostics
Freedonia Group Inc: February 1, 2003
http://www.marketresearch.com/product/display.asp?productid=867513&SID=15052784-287192462-301701758
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Search terms used:
?in vitro diagnostics? +billion ?United States?
U.S. in vitro diagnostics market OR industry billion
I hope you find this information helpful!
Best regards,
Bobbie7 |
