I am in a real quandary this week: I have a number of juicy topics I wanted to review with you, including my recent participation in the annual Israel biotech/medical device conference (BIOMED 2006), recent participation in meetings about Indian and my growing insights into the Indian biotech market, happenings in Japan, and other research that has crossed my transom......
In last week's article I mentioned that the medical device market (which I thought included the IVD market) probably broke the $200 billion sales revenue mark last year. In fact, according to a market research firm by the name of Health Research International, sales for 2005 topped $220 billion and included 4 market segments:
1. Cardiovascular disease therapies
2. Diagnostic imagi......
| 10. Bio......|
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oche Diagnostics), with California having another four companies, and New Jersey with two companies and Massachusetts with one company. These figures don't take into account the high numbers of smaller emerging biotech IVD companies that are growing quickly in the Midwest (Madison, Wisconsin, Chicago, and Minneapolis), California, the Boston area and even the Baltimore-Washington, D.C. corridor. I......
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clude urine and saliva (the value of these last two is that they are non-invasive: no needle-stick!).
Steve Burrill of Burrill & Co. believes ardently, and I have heard him say this multiple times, that we are moving into a time of high growth of diagnostics given the need for personalized medicine and disease prevention (versus disease treatment).
In the former case, he states t......
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nies, only Abbott, Roche, Bayer, and Johnson & Johnson have understood this equation, and all four have historically been involved in the medical device part of the business as much as drugs.
But the coming convergence of drugs, devices, and diagnostics will hasten the need for Big Pharma to pay attention to this important lesson, and get on the diagnostics bandwagon now!
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Source:wistechnology.com By Michael Rosen 06/19/06
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