Navigation Links
Global Markets for Rapid Medical Diagnostic Kits (Mdks) to Surpass $24.2 Billion by 2017: BCC Research
Date:7/30/2013

Wellesley, MA (PRWEB) July 30, 2013

According to a new technical market research report, GLOBAL MARKETS FOR RAPID MEDICAL DIAGNOSTIC KITS (Report code: HLC007H) from BCC Research (http://www.bccresearch.com), the global market for rapid medical diagnostic kits (MDKs) was valued at nearly $18.4 billion in 2012. BCC Research expects the market to reach more than $24.2 billion by 2017 and register a five-year compound annual growth rate (CAGR) of 5.7% for the period 2012 to 2017.

The global market for rapid medical diagnostic kits is being driven by the need to quickly identify infectious diseases, potential cardiac and cancer problems, and women’s health issues such as pregnancy and menopause. Additionally, the explosion of Type 2 diabetes globally has increased the need for blood glucose monitoring systems that provide rapid and accurate results.

The use of rapid tests enables the clinician and the patient to receive test results quickly, usually within 30 minutes, and allows the clinician to prescribe the appropriate medications to treat an identified problem. The rapid diagnostic market, as defined in this report, includes MDKs that provide results in less than two hours without the use of automated equipment. These tests are especially useful in clinic, field, and home settings.

The clinical segment comprises rapid MDKs used in hospitals, clinics, physicians’ offices, and field work. According to BCC Research, the global market value for this segment was $3 billion in 2012. The market is expected to reach nearly $4.5 billion by 2017, registering a CAGR of 8% for the period 2012 to 2017.

The home-use market is dominated by blood glucose monitoring. However, it continues to expand with tests for human immunodeficiency virus (HIV), hepatitis, drugs of abuse, pregnancy, and diabetes. The global market value for home-use rapid MDKs was nearly $14.7 billion in 2012. The market is expected to grow to $18.9 billion by 2017, and register a CAGR of 5.1% for the period 2012 to 2017.

The current veterinary rapid MDK marketplace is also highly competitive with dominance by less than four companies, but faces expanded competition on a regional basis. The companion animal market dominates this market with nearly 70% of rapid diagnostic kit sales.

This report from BCC Research focuses on the rapid MDK portion of the overall MDK market. It includes an overview of the MDK global market and the position of rapid MDK within that market. The report includes a review of current and emerging technologies impacting the market, a breakdown of rapid tests for use in the clinical, home, and veterinary markets, and an overview of current regulations and economic concerns impacting the market.

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

Read the full story at http://www.prweb.com/releases/2013/7/prweb10965165.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. NIH awards $20 million over 5 years to train next generation of global health researchers
2. Canada should play a role in addressing the global cancer epidemic
3. Global cardiology leaders meet in Dubai
4. Global, common approach to pharmaceutical supply chain integrity the focus of workshop
5. International breast health global summit will focus on supportive care and quality of life
6. Scientists rewrite rulebook on breast cancer in landmark global study
7. Global CVD leaders call the world to action - 25 by 2025 - from the World Congress of Cardiology
8. Centre for Global Non-Communicable Diseases launched to tackle killer diseases
9. UCLA researchers combat global disease with a cell phone, Google Maps and a lot of ingenuity
10. New study identifies how information technology is used to solve global health challenges
11. New global report says US lags behind 130 other nations in preterm birth rate
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/25/2016)... ... 2016 , ... Austin residents seeking Mohs surgery services, can now turn to ... Dr. Russell Peckham for medical and surgical dermatology. , Dr. Dorsey brings specialization to ... fellowship in Mohs Micrographic Surgery completed by Dr. Dorsey was under the direction of ...
(Date:6/25/2016)... ... June 25, 2016 , ... "With 30 hand-drawn hand ... project," said Christina Austin - CEO of Pixel Film Studios. , ProHand Cartoon’s ... within Final Cut Pro X . Simply select a ProHand generator and drag ...
(Date:6/25/2016)... ... June 25, 2016 , ... As a lifelong Southern Californian, Dr. ... his M.D from the David Geffen School of Medicine at UCLA. He trained in ... to complete his fellowship in hematology/oncology at the UCLA-Olive View-Cedars Sinai program where he ...
(Date:6/25/2016)... ... 2016 , ... On Friday, June 10, Van Mitchell, Secretary of the Maryland ... iHire in recognition of their exemplary accomplishments in worksite health promotion. , The Wellness ... & Wellness Symposium at the BWI Marriott in Linthicum Heights. iHire was one of ...
(Date:6/24/2016)... ... 24, 2016 , ... A recent article published June 14 on ... article goes on to state that individuals are now more comfortable seeking to undergo ... such as calf and cheek reduction. The Los Angeles area medical group, Beverly Hills ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... 2016 Jazz Pharmaceuticals plc (Nasdaq: ... Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR"), ... Inc. ("Celator"; Nasdaq: CPXX ) expired effective ... As previously announced on May 31, 2016, ... agreement under which Jazz Pharmaceuticals has commenced a tender ...
(Date:6/26/2016)... 26, 2016 Story Highlights: ... models within the health care industry is causing providers ... , Deloitte offers a suite of solutions for ... impacting efficient cost optimization: labor resource analysis, revenue cycle ... facilitate better outcomes and better economics ...
(Date:6/24/2016)... 2016  Collagen Matrix, Inc., ("Collagen Matrix") the ... of collagen and mineral based medical devices for ... Bill Messer has joined the company as ... the growing portfolio of oral surgery, neurosurgery, orthopaedic ... joins the Collagen Matrix executive team as an ...
Breaking Medicine Technology: