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The United States IVD market overall
- The United States IVD Market was $12 Billion in 2002
- IVD Market is expected to grow to $16 Billion in 2007
- The top use of In Vitro Diagnostics is diabetes testing
- Cancer testing ranks as having the fastest sales growth
- Nucleic Acid Products have one of the fastest growth opportunities
Our Regional Strengths in In Vitro Diagnostics
- According to a 2001 Batelle report, the Southwestern Pennsylvania Region has a highly developed infrastructure for diagnostics.
- Medical labs are the 3rd largest life sciences sub-sector in our region.
- Labs comprise 18+% of non-hospital workers within the life sciences sector.
- According to a 2004 American Association of Medical Colleges report, Pennsylvania is #2 in Academic Medical Center Activity, with $26 Billion in 2002.
In Vitro Diagnostics
“In Vitro” is literally translated as “in glass”. In vitro diagnostics are clinical lab tests conducted on patients to more effectively:
- Diagnose, stage, stratify and treat illness
- Manage chronic illnesses
- Select the most appropriate treatment
Some of the recent major advances in In Vitro Diagnostics include:
- Genetic testing
- Cell surface markers for cancers
- Pharmacogenomics (How cells respond to drugs)
- Molecular-level tests
Our client member companies are innovators in these and many other aspects of In Vitro Diagnostics.
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