• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Opinions
    • Top 30
    • Research
    • Supply Chain
    • Device Sectors
    • Directory
    • Events
    • Resources
    • Microsites
    • More
  • Magazine
  • News
  • Opinions
  • Top 30
  • Research
  • Supply Chain
  • Device Sectors
  • Directory
  • Events
  • Resources
  • Microsites
  • Current / Back Issues
    Features
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Reprints
    Subscribe Now
    Advertise Now
    Top Features
    Seeking a Revolution in Clinical Care Through AI

    Diversifying Supply Chains: New Opportunities Post Pandemic and After Brexit

    Addition by Subtraction: The Latest of Machining for Medtech

    Innovation Incubators: An R&D Roundtable

    Virtual Allies: Electronics Manufacturing Services Providers Offer Real Solutions
    OEM News
    Supplier News
    Service / Press Releases
    Online Exclusives
    Press Releases
    People in the News
    Product & Service Releases
    Supplier News
    Medtech Makers
    Technical Features
    International News
    Videos
    Product & Service Releases
    Live From Shows
    Top News
    Axonics Buys Contura to Expand to Stress Urinary Incontinence

    Nurx Appoints Chief Medical Officer

    Median Technologies, UC San Diego to Partner on AI-Based Medical Imaging Technology

    Novel Heart Failure Treatment Technology Scores Positive Trial Results

    New COVID-19 Saliva Test Also Can Detect Variants and Flu Viruses
    From the Editor
    Blogs
    Guest Opinions
    Top Opinions
    Seeking a Revolution in Clinical Care Through AI

    Diversifying Supply Chains: New Opportunities Post Pandemic and After Brexit

    Addition by Subtraction: The Latest of Machining for Medtech

    Innovation Incubators: An R&D Roundtable

    Virtual Allies: Electronics Manufacturing Services Providers Offer Real Solutions
    Top 30 Medical Device Companies
    Market Data
    White Papers
    Top Research
    Rethink Your Medtech ASC Strategy, Part 1

    Pandemic-Level Playing Field: How COVID-19 Made Space for Progress

    Tips for Reigniting Your MDR/IVDR Preparation

    Three Major Innovation Opportunities for Biomedical Textiles

    Use Vertical Integration to Increase Productivity, Drive Innovation
    3D/Additive Manufacturing
    Contract Manufacturing
    Electronics
    Machining & Laser Processing
    Materials
    Molding
    Packaging & Sterilization
    R&D & Design
    Software & IT
    Testing
    Tubing & Extrusion
    Cardiovascular
    Diagnostics
    Digital Health
    Neurological
    Patient Monitoring
    Surgical
    Orthopedics
    All Companies
    Categories
    Company Capabilities
    Add New Company
    Outsourcing Directory
    Unicep

    Concise Engineering

    K-Tube Technologies

    Forefront Medical Technology

    Medbio LLC
    MPO Summit
    Industry Events
    Webinars
    Live From Show Event
    Industry Associations
    Videos
    Career Central
    eBook
    Slideshows
    Top Resources
    How Grant Funding Works and How It Can Help

    Refurbished Medical Equipment Testing and Certification Under the NEC

    Taking the First Step with Metal Components

    4 Trends Driving Medical Manufacturing in 2021

    Pioneering AI Solutions to Reinforce Healthcare Services
    Companies
    News Releases
    Product Releases
    Press Releases
    Product Spec Sheets
    Service Releases
    Case Studies
    White Papers
    Brochures
    Videos
    Outsourcing Directory
    Qosina Corp.

    Spectrum Plastics Group

    Concise Engineering

    maxon

    Creganna Medical, part of TE Connectivity
    • Magazine
      • Current/Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Editions
      • Subscribe Now
      • Advertise Now
    • News
    • Directory
      • All Companies
      • ALL CATEGORIES
      • Industry Associations
      • Company Capabilities
      • Add Your Company
    • Supply Chain
      • 3D/Additive Manufacturing
      • Contract Manufacturing
      • Electronics
      • Machining & Laser Processing
      • Materials
      • Molding
      • Packaging & Sterilization
      • R&D & Design
      • Software & IT
      • Testing
      • Tubing & Extrusion
    • Device Sectors
      • Cardiovascular
      • Diagnostics
      • Digital Health
      • Neurological
      • Patient Monitoring
      • Surgical
      • Orthopedics
    • Top 30 Company Report
    • Expert Insights
    • Slideshows
    • Videos
    • Podcasts
    • Resources
    • eBook
    • Infographics
    • Whitepapers
    • Research
      • White Papers
      • Case Studies
      • Product Spec Sheets
      • Market Data
    • MPO Summit
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • Microsite
      • Companies
      • Product Releases
      • Product Spec Sheets
      • Services
      • White Papers / Tech Papers
      • Press Releases
      • Videos
      • Literature / Brochures
      • Case Studies
    • About Us
      • About Us
      • Contact Us
      • Advertise with Us
      • eNewsletter Archive
      • Privacy Policy
      • Terms of Use
    Columns

    An Update on the In Vitro Diagnostics Sector

    ...

    An Update on the In Vitro Diagnostics Sector
    Related CONTENT
    • TherOx Completes Enrollment in Study of Therapy System Designed to Improve AMI Outcomes
    • What’s New in the ED?
    • GTCR Partners With Medtech Industry Veteran to Form Regatta Medical
    • Alere Launches First-Ever Rapid Test to Screen Asymptomatic Malaria
    • Collaboration Seeks to Improve Effectiveness of Colonoscopy
    Maria Shepherd, President and Founder, Medi-Vantage04.03.17
    High-profile product launches, resounding clinical data, the U.S. government investment in the Precision Medicine program, and multiple billion-dollar acquisitions are hallmarks of the diagnostics industry. Equally notable was the surprising decision by Abbott Laboratories to retreat from its planned acquisition of Alere Inc., blaming the “substantial loss” in value of the diagnostics company since the Abbott/Alere deal was first announced in early 2016.1

    Why This Is Important
    The market for diagnostics is large. In fact, it quietly came from behind to become the largest medtech market in 20142 and will continue that growth through 2020 and beyond (Chart 1). This growth is important; note in Chart 1 how the diagnostic imaging and orthopedic markets are declining due to healthcare price pressure and other market forces.

    Another growth indicator is the total value of 2016 deals in the diagnostic sector. Deal value increased from $4 billion in 2015 to $15 billion in 2016 (excluding the troubled Alere/Abbott merger, which is still in legal limbo). However, in recent reports,3,4 the pace of consolidation in this space was established by the acquisition activities of companies like Danaher Corporation and Thermo Fisher Scientific. Acquiring a new book of sales is a requirement for large life sciences companies to continue future revenue growth.

    2016: Solid Development in Molecular Diagnostics and DNA Sequencing
    DNA-sequence-based diagnostics have become an integral component of medical practice. For example, as diseases such as malaria, ebola, and dengue fever (commonly thought to affect only third world residents) emerge through international trade, travel, and climate change, they contribute to the emergence of disease in developed countries. Just in the nick of time, there has been a pronounced decline in the cost of DNA sequencing.5 Sequencing technology has seen several disruptive innovations with a net effect of driving the cost of sequencing down. In Chart 2, the expense decline is measured by the cost to have one person’s full genome sequenced, estimated at approximately $1,000 in 2015.

    Other Developments: Point of Care
    A high sensitivity test for cardiac troponin has just been launched by Roche Diagnostics—the Elecsys Troponin T hs (TnT-hs) assay. It is expected to be a significant advancement for the treatment of patients with suspected myocardial infarction. Cardiac troponin is the biomarker gold standard for myocardial tissue death. The new assay measures low levels of cardiac troponin in as few as nine minutes at the point of care. Its fast turnaround and high sensitivity will improve outcomes and reduce costs because it can measure very low levels of cardiac troponin. Roche Diagnostics estimates7 that patients experiencing chest pain and other acute myocardial infarction (AMI)-type symptoms are treated in approximately 8 million of all U.S. emergency department visits, however, only 5 to 20 percent of all 8 million patients actually suffer an acute myocardial infarction (Chart 3).

    Conclusion and Recommendations
    A diagnostics device designed and proven to quickly and accurately diagnose a disease or condition brings significant economic value that may warrant premium pricing. Hospitals continuously assess medtech to improve clinical outcomes and sustain their own financial health. As in the Roche Diagnostics example, explore products that address these issues. Now that the cardiac troponin biomarker can be so swiftly addressed, what can your device do that may not have been possible before? 

    References
    1. http://bit.ly/mpo041701
    2. http://bit.ly/mpo041710
    3. Medtech Strategist Issue 1/31/17
    4. http://bit.ly/mpo041711
    5. http://bit.ly/mpo041712
    6. IMAP GLOBAL M&A Report Pharma/Biotech 2016
    7. http://bit.ly/mpo041713 (PDF)

    Maria Shepherd has more than 20 years of leadership experience in medical device/life-science marketing in small startups and top-tier companies. After her industry career, including her role as vice president of marketing for Oridion Medical—where she boosted the company valuation prior to its acquisition by Covidien/Medtronic—director of marketing for Philips Medical, and senior management roles at Boston Scientific Corp., she founded Medi-Vantage. Medi-Vantage provides marketing and business strategy and innovation research for the medical device industry. The firm quantitatively and qualitatively sizes and segments opportunities, evaluates new technologies, provides marketing services, and assesses prospective acquisitions. Shepherd has taught marketing and product development courses and is a member of the Aligo Medtech Investment Committee (www.msbiv.com). She can be reached at 855-343-3100 ext. 102 or at mshepherd@medi-vantage.com.  
    Related Searches
    • philips
    • technology
    • dna sequencing
    • 2015
    Related Knowledge Center
    • Diagnostics
    Suggested For You
    TherOx Completes Enrollment in Study of Therapy System Designed to Improve AMI Outcomes TherOx Completes Enrollment in Study of Therapy System Designed to Improve AMI Outcomes
    What’s New in the ED? What’s New in the ED?
    GTCR Partners With Medtech Industry Veteran to Form Regatta Medical GTCR Partners With Medtech Industry Veteran to Form Regatta Medical
    Alere Launches First-Ever Rapid Test to Screen Asymptomatic Malaria Alere Launches First-Ever Rapid Test to Screen Asymptomatic Malaria
    Collaboration Seeks to Improve Effectiveness of Colonoscopy Collaboration Seeks to Improve Effectiveness of Colonoscopy
    Alere Alere's Purchasing Price Lowered to $5.3B in Amended Agreement
    Hologic COO Named Chair of AdvaMedDx Hologic COO Named Chair of AdvaMedDx
    Creating Organizational Value in Your Supply Chain: Cost Centered or Growth-Driven? Creating Organizational Value in Your Supply Chain: Cost Centered or Growth-Driven?
     Thermo Fisher Scientific Unveils Cloud-Based Application for Connectivity to Electronic Pipettes Thermo Fisher Scientific Unveils Cloud-Based Application for Connectivity to Electronic Pipettes
    NYSE Berates Alere for Late Form 10-K Filing NYSE Berates Alere for Late Form 10-K Filing
    HACs and How Medtech Can Help Reduce Medical Error HACs and How Medtech Can Help Reduce Medical Error
    Thermo Fisher Scientific Acquires Core Informatics Thermo Fisher Scientific Acquires Core Informatics
    Glaukos Corporation Promotes Chief Commercial Officer to COO Glaukos Corporation Promotes Chief Commercial Officer to COO
    AdvaMed and MassMEDIC: Two Meetings You Should Attend in 2017 AdvaMed and MassMEDIC: Two Meetings You Should Attend in 2017
    Pilgrim Quality Solutions Adds Vice President of Global Services Pilgrim Quality Solutions Adds Vice President of Global Services

    Related Columns

    • Diagnostics
       How COVID-19 is Reshaping the Diagnostics Testing Sector

      How COVID-19 is Reshaping the Diagnostics Testing Sector

      The short-term impact on the diagnostics sector is readily apparent as the pandemic has fueled overwhelming demand for effective SARS-CoV-2 testing solutions.
      Eric Williams, Managing Director, Capstone Headwaters 11.04.20

    • Diagnostics
      A Breath of Fresh Air for COVID-19 Testing

      A Breath of Fresh Air for COVID-19 Testing

      One of the latest COVID-19 testing innovations has recently emerged from Israel’s Technion-Israel Institute of Technology—a coronavirus breath test.
      Sam Brusco, Associate Editor 09.01.20

    • Diagnostics
      ‘Pandemic Drone’ Spots COVID-19 Symptoms

      ‘Pandemic Drone’ Spots COVID-19 Symptoms

      About three months ago, drone-making company Draganfly began to strategize how drones might be able to help against COVID-19.
      Sam Brusco, Associate Editor 06.04.20


    • Diagnostics
      Gaining a Clearer Picture of Hitachi

      Gaining a Clearer Picture of Hitachi

      Diagnostic imaging is gaining the attention of many in healthcare as the technologies shrink in size and become available to those outside the hospital.
      Sean Fenske, Editor-in-Chief 04.01.20

    • Diagnostics
      From Genome Sequencing to the World’s First Portable MRI

      From Genome Sequencing to the World’s First Portable MRI

      Dr. Jonathan Rothberg has risen about as high as a scientist can, save for the Nobel Prize.
      Sam Brusco, Associate Editor 11.04.19

    • Diagnostics
      Elizabeth Holmes: The Making of a Pop Culture Icon

      Elizabeth Holmes: The Making of a Pop Culture Icon

      Despite keeping a relatively low profile this year (not by choice), Elizabeth Holmes’ celebrity status has continued to grow.
      Michael Barbella, Managing Editor 10.08.19


    • Cardiovascular | Diagnostics | Digital Health | Patient Monitoring
      Cardiac Care on the Can

      Cardiac Care on the Can

      ...
      Sam Brusco, Associate Editor 04.03.19

    • Diagnostics | Digital Health
      Google’s Search for Direction in Healthcare

      Google’s Search for Direction in Healthcare

      ...
      Michael Barbella, Managing Editor 03.07.19

    • Diagnostics | Materials | Patient Monitoring
      Diabetes Management and the Role of Adhesives

      Diabetes Management and the Role of Adhesives

      ...
      Del R. Lawson, Ph.D., R&D manager, Critical and Chronic Care Solutions Division, 3M 06.04.18


    • Diagnostics | Digital Health
      A Past Glimpse Into the Future

      A Past Glimpse Into the Future

      ...
      Michael Barbella, Managing Editor 06.04.18

    • Diagnostics
      Theranos: Not Long for the Business World?

      Theranos: Not Long for the Business World?

      ...
      Michael Barbella, Managing Editor 05.03.18

    • Diagnostics | R&D & Design
      Designing Diagnostic Consumables: Custom or Off-the-Shelf?

      Designing Diagnostic Consumables: Custom or Off-the-Shelf?

      ...
      Steve Maylish, Fusion Biotec, and Richard Spero, Redbud Labs 10.05.17


    • Diagnostics | Surgical
      Crash Test Dummies with Synthetic Beating Hearts

      Crash Test Dummies with Synthetic Beating Hearts

      ...
      Sam Brusco, Associate Editor 07.26.17

    • Cardiovascular | Diagnostics
      Changing Administrations and the Strategy for Value-Based Growth in Medtech

      Changing Administrations and the Strategy for Value-Based Growth in Medtech

      ...
      Maria Shepherd, Medi-Vantage 07.26.17

    • Diagnostics | Digital Health | Patient Monitoring
      Medical Auto-Pilot: Medtech’s Focus on Digital Therapeutics

      Medical Auto-Pilot: Medtech’s Focus on Digital Therapeutics

      ...
      Bryan Hughes, Director, P&M Corporate Finance 07.26.17


    Trending
    • Hardy Diagnostics Releases Rapid Test For COVID-19
    • Portable, Home-Use Device Quickly Measures Inflammation Levels
    • 5 Ways Plastics Revolutionized The Healthcare Industry
    • How Grant Funding Works And How It Can Help
    • 7 Considerations For Designing Medical Device Mechanisms
    Breaking News
    • Axonics Buys Contura to Expand to Stress Urinary Incontinence
    • Nurx Appoints Chief Medical Officer
    • Median Technologies, UC San Diego to Partner on AI-Based Medical Imaging Technology
    • Novel Heart Failure Treatment Technology Scores Positive Trial Results
    • New COVID-19 Saliva Test Also Can Detect Variants and Flu Viruses
    View Breaking News >
    CURRENT ISSUE

    January/February 2021

    • Seeking a Revolution in Clinical Care Through AI
    • Diversifying Supply Chains: New Opportunities Post Pandemic and After Brexit
    • Addition by Subtraction: The Latest of Machining for Medtech
    • Innovation Incubators: An R&D Roundtable
    • Virtual Allies: Electronics Manufacturing Services Providers Offer Real Solutions
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Martin Bauer Group Acquires Majority Stake in Beverage Company Power Brands
    Gencor Announces Positive Results in VeriSperse Bioavailability Study
    PanTheryx Inc. Acquires TruBiotics Brand from Bayer HealthCare LLC
    Coatings World

    Latest Breaking News From Coatings World

    Gelest CEO Elected to National Academy of Engineering
    PPG Appoints Tony Wu as VP, Automotive Refinish, Asia
    PPG Appoints John Bruno as VP, Investor Relations
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Axonics Buys Contura to Expand to Stress Urinary Incontinence
    Nurx Appoints Chief Medical Officer
    Median Technologies, UC San Diego to Partner on AI-Based Medical Imaging Technology
    Contract Pharma

    Latest Breaking News From Contract Pharma

    J&J’s Single-Dose COVID-19 Vax Issued EUA
    Icon to Acquire PRA Health Sciences
    Phlow Corp. and USP Form Alliance
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Universal Engraving Announces New President
    Raw Sugar Living Expands to Target with New Collection
    Supporting Female Beauty Brand Founders on International Women's Day
    Happi

    Latest Breaking News From Happi

    ACI and CBC Launch Webpage About ‘Quats’
    L’Occitane Launches Hand Cream Inspired by Women
    Kiehl’s Partners with Gyrl Wonder
    Ink World

    Latest Breaking News From Ink World

    Access Direct Mail Doubles Revenue with SCREEN's Truepress Jet520HD
    Etiflex Enters New Markets with Nilpeter FA-22 Installation
    Hydrocarbon Solvents Market to Surpass $8.1 Billion by 2030
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    TLMI analyzes pandemic's effect on label industry in new report
    UEI names Ross Hutchison president
    Schreiner MediPharm and AARDEX partner for clinical trials
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    U.S. Nonwovens Rebrands as Radienz Living
    What You’re Reading on Nonwovens-Industry.com
    Texas Medical Technology Partners with My Protect Kit
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Pandemic Pain: NuVasive's 2020 Sales Fall 10 Percent
    Fusion Robotics Receives FDA Clearance for Spinal Navigation and Robotics System
    Kaia Health Unveils Next-Gen Complete MSK Care Solutions
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Comercial Kywi Improves Customer Service, Front-Store Operations with Zebra Mobile Solution
    Global Printed Circuit Board Market Projected to Reach $69.32 Billion by 2027
    Global Smart Glass Market to Register 6.8% CAGR Between 2021-28: Grand View Research

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login