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The Pulse of the Pharmaceutical Industry
Innovation Will Be Important, but Regulators and Insurers Will Play Vital Roles in Driving Use of Diagnostics and Monitoring Outside Hospitals, Lux Research Says
BOSTON, MA–(Marketwired – May 5, 2015) – Sensor-based point-of-care medical devices that can be used outside hospitals will first make an impact in cancer care and infectious diseases as rapid innovation, coupled with regulatory and insurer enthusiasm, drives adoption, according to Lux Research.
Three major sensing technologies — imaging, optical molecular and electrochemical — will be ready for strong adoption in oncology by 2030, while the more challenging infectious diseases will see similar adoption but mainly of electrochemical sensors.
“Decisions on which sensors to develop depend heavily on market dynamics and requirements, as needs differ from one indication space to another,” said Milos Todorovic, Lux Research Analyst and lead author of the report titled, “Sensing (Is) the Future of Health Care: Technology Roadmapping Helps Find the Way.”
“The time to get into point-of-care medical diagnostics is now, given the long product development cycles in the highly regulated medical devices industry, because today’s decisions will impact market performance beyond 2020,” he added.
Lux Research analysts evaluated key point-of-care sensing technology families to predict likely adoption curves in key clinical indication spaces. Among their findings:
The report, titled “Sensing (Is) the Future of Health Care: Technology Roadmapping Helps Find the Way,” is part of the Lux Research BioElectronics Intelligence service.
About Lux Research
Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.
Source: Marketwired Biotech
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