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Diagnostics

Study finds demand for effective prognosis spurs uptake of molecular diagnostics

Published in Medical Letter on the CDC and FDA, October 31st, 2004

With their unprecedented ability to detect diseases sensitively and specifically, molecular diagnostic assays are all set to revolutionize the in vitro diagnostic (IVD) industry.

As participants continue to become ever more conscious of its high-tech appeal, their initial hesitation to diverge from an established practice is likely to decrease.

New analysis from Frost & Sullivan, U.S. Molecular Diagnostics Markets, reveals that revenue in this market totaled $1.22 billion in 2004 and is projected to reach $3.68 billion in 2010.

"Though physicians are rather wary of adopting new techniques, the growing number of clinical...

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