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In vitro diagnosis (IVD) is a method of testing blood, urine and other human samples outside the body. Currently, about two-thirds of global medical decision making are based on diagnosis, and more than 80% are in vitro category. In 2014, in vitro diagnosis ranked the global medical device sub-line with 13.3%
Industry first, and its scale shows rapid expansion trend. According to the EvaluateMedTech in
The global in vitro diagnostic market in 2015 is projected to be $51.1 billion in 2016,
And it will maintain a compound annual growth rate of 5.6% in the next few years, the market regulation in 2021, the model will reach $70.8 billion.
The more common application for these tools are in the pathology labs in hospitals and research centers all across the globe. These sterile glass and metal components are responsible for holding blood samples and other fluids for tests such as:
- Blood Glucose Levels
- Electrolyte Testing
- Liver Enzyme tests
Drug and blood gas testing
Another very important task this sterile equipment performs is the testing of drug levels in the blood for patients under a special watch. One of the most common and unfortunately still ever-growing conditions is blood clots and heart disease. Patents that are on blood thinners such as Warfarin/Coumadin will have to go to a "Coumadin Clinic" and get the levels of the drug tested in their blood. This is a life or death situation and if the numbers are off, the patient can risk another deadly blood clot or a bleed out.
Impact on the medical community in research
IVD manufacturers play an integral part in research. Their equipment is used in forensic labs for crime scene investigations and they are used to research tissue samples from cadavers that tell about the psychological state if the person prior to death and the pathological state which means the physical health of the person prior to death. This assists medical researchers in the study of the cause of disease which is called pathology.
IVD manufacturing is a fascinating look into what looks like useless containers of metal and glass and what a profound impact they have on the health and well-being, as well as the medical future of society.
Contact Person: Mr. Bob Zhu