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Follow on Google News | Physician Office Laboratory Diagnostics Market to Touch $2.4 Billion by 2011Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report which forecasts that the physician office laboratory global industry will see a 6% growth to touch the $ 2.4 billion mark in four years.
By: Urmila Doraswami Authors of the report believe that the rise in POL testing is directly proportional to new approaches in treating the growing number of diabetics and people who suffer from cardiovascular disease and other chronic conditions. POL diagnostics are a step ahead of traditional laboratory tests because they offer results far more quickly and are much more convenient to use - and they play a pivotal role in the expanding digital healthcare revolution. Market growth is also propelled by the growing middle class populations in China, India and Latin America which contribute to the escalating demand for state of the art health services including easily available diagnostic testing kits. The market is expected to grow at the rate of 10-15% per year fuelled by the advances in IT connectivity and the new generation of one- test lab-on-a-chip technologies, say authors of the report. They also caution that while the market has been on the upswing, it has also been plagued by issues relating to device maintenance, quality control and relative cost, all issues that are being addressed by manufacturers. The report suggests that quicker, more sensitive, and less expensive tests may produce better market penetration. “Physician Office Laboratory Testing Markets Worldwide” touches on global POL diagnostics used in a variety of medical practices. It discusses regulatory issues and CMA reimbursement rates. It also provides comprehensive market analysis for 15 POL testing areas and profiles the POL offerings of over 110 suppliers. The study also looks at the pros and cons of POL testing, and the development of the lab-on-a-chip concept. It contains sections on home monitoring of individuals with chronic diseases and looks at the present test segments as well as emerging tests and technologies. “Physician Office Laboratory (POL) Testing Markets Worldwide - Status Quo and Future Trends” is available from Report Buyer. For more information go to: http://www.reportbuyer.com/ Report Buyer product ID: KAL00022 # # # About Report Buyer. Report Buyer is a UK-based independent online store supplying business information on major industry sectors. These include the Automotive Industry, Banking & Finance, Energy & Utilities, Food & Drink, Telecoms and Pharma & Healthcare. The website now carries over 28,000 business information products, including market reports, studies and books. Report Buyer is the intelligent way to buy market research making it an essential resource for executives and information buyers worldwide. Subscribers receive a free monthly newsletter and email alerts on new titles in their areas of interest. A regularly updated blog provides information on the latest market trends. Website: www.reportbuyer.com End
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