NEW YORK, NY -- (Marketwire) -- 08/21/12 -- A large number of acquisitions and partnerships occurred in the in vitro diagnostics industry over the past two years, a sign of the frenetic pace of the industry, according to Kalorama Information. The healthcare market research publisher said there were at least 105 acquisitions and distribution agreements in the IVD market just in the past two years, the majority of which were acquisitions. Kalorama Information's recent report, "The Worldwide Market for In Vitro Diagnostic (IVD) Tests, 8th Edition," suggests the activity will continue.
"The future of the industry lies in the development of more sensitive, faster, user-friendly, IT capable devices for a host of new protein and molecular markers," said Shara Rosen, R.T. MBA, the author and lead diagnostic analyst for Kalorama Information. "No company, big or small, owns all of the technology needed to develop these new tests and systems."
The report cites some examples of acquisitions that have occurred since 2010:
"These announcements are just a small portion of what is really happening," said Rosen. "There are many more deals that have not been announced."
According to the report, a number of totally disparate phenomena have come together for IVD at the same time. Human genome research is finding links between a person's genome and several lifestyle situations such as nutrition, dieting, skin conditions and other essentially non-medical conditions. This has attracted consumer product companies such as Proctor & Gamble and Nestlé to develop products and services based on IVD technologies. Decreases in life science grants have encouraged companies active in this space to migrate their technologies for clinical applications. The result is the entry of companies such as Caliper Life Sciences, Illumina, Affymetrix and Life Technologies to the diagnostics market with products and test services. Miniaturization of traditional immunoassay and molecular test technologies has finally matured to the point where it may be ready for scale-up and then commercialization into products. This has attracted electronics companies such as Sony, Samsung, Dell Computers and Intel to invest in clinical diagnostics ventures. Kalorama Information believes these trends are combining to push growth in the 50+ billion-dollar IVD industry.
"The Worldwide Market for In Vitro Diagnostic (IVD) Tests, 8th Edition" is Kalorama Information's complete report on every segment of in vitro diagnostics including clinical chemistry, molecular, point of care, hematology, histology, blood banking, infectious disease and other areas. The report is over 1400 pages and profiles hundreds of companies in the market.
About Kalorama Information
Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. We routinely assist the media with healthcare topics. Follow us on Twitter, LinkedIn and our blog.