Collaboration of IT companies with bioinformatics companies is another growth propeller for this market.
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Bioinformatics in IVD Testing Market To 2020 – Industry Analysis, Trends: Grand View Research, Inc.
1. Bioinformatics in IVD Testing Market Analysis by
application (Cardiovascular disease, Cancer, Diabetes,
Chronic disease) and Segment forecasts to 2020
Increasing prevalence of fatal diseases such as HIV, cancer and cost effectiveness
of genomics are the vital drivers for bioinformatics in IVD testing market.
Collaboration of IT companies with bioinformatics companies is another growth
propeller for this market. IT companies along with bioinformatics companies
design specific software for different disease condition which is expected to
overcome human based diagnosis during the forecast period. However, insufficient
awareness about the bio banks and similar patient history records are the key
restarting factors for this market.
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analysis/bioinformatics-in-ivd-testing-market
2. Cancer diagnostics is the one of the fastest growing segment owing to the
increasing prevalence of target diseases and increasing usage of bioinformatics
based tests in therapeutic management. Bioinformatics in IVD testing is also used
for diagnosis of gastrointestinal diseases, Alzheimer’s disease, Parkinson’s disease
and other psychiatric disorders. Various IT organizations enter into partnership
with research organizations that provides platform for biomedicines for novel and
cost effective drugs for incurable diseases. IBM initiated one such program that
uses database and advises treatment on a case to case basis.Regionally, North
America dominates this market due to the advanced healthcare infrastructure
coupled with better purchasing power and availability of the latest technologies.
3. Europe follows North American market owing to larger consumer base for this
market. Asia pacific is expected to register lucrative growth due to rapid
urbanization and rising prevalence of cancer and diabetes in coming six years.The
major players in this market are, AssureRx Health Inc, Aperico Technologies Inc,
Biodesix Inc, Bioreference Laboratories Inc, Affymetrix CardioDx Inc, Datech
Oncology, Life Technologies, Pathogenica, Medtronic Inc, Datech Oncology
Signal genetics and One Lambda Inc.
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