Diagnostic tests are usually conducted in laboratories, private or public, equipped with appropriate and sometimes expensive instrumentation. The diagnostics industry involves testing patients to detect a disease or health condition. Diagnosis can be used to identify a disease accurately when there are symptoms, to screen asymptomatic patients as a matter of routine, and to allow ongoing testing in patients with diseases to establish prognosis or check progress of therapy.

Molecular diagnostic test combines genetic sequencing, clinical information, and data gathering to help oncologists select the right drugs for their patients, based on mutations in various cancer-related genes. Moreover, diagnostics is applied in the field of epigenetics for the formulation of different personalized medicines. Companion diagnostics is expected to embrace a vital role in the future for new drugs in specialty markets. Hence, diagnostics providers are actively expanding into markets in developing countries, where there is a rising demand for quality healthcare services. However, stable in vitro diagnostics market growth is also expected in developed countries.

Diagnostics is applied in various fields for:

  • Improving patient care
  • Protecting consumer safety
  • Reducing the risk of trial-and-error treatment and over-prescription
  • Shortening the duration pre-treatment and decreasing the duration of hospital stays

The analysts at Infoholic Research specialize in diagnostics reports in a wide range of areas including molecular assays, infectious disease, POC, hematology, immunoassays, and oncology.

Need a detailed report on the current diagnostics market? Get in touch with Infoholic Research today. Contact Us

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