Medical laboratory equipment comprises equipment, instrumentation and consumables used in clinical labs and hospitals for routine testing and monitoring. The rising demand for medical treatment and clinical research, a fast-expanding life sciences industry, and an ageing population are important factors driving the demand for medical laboratory equipment. Here are some important industry trends:
- Lab testing technology is becoming more automated and more sophisticated. This is making testing processes simpler, more accurate, and more efficient. Major advances, that occur less frequently, may provide entirely new tests or testing methods.
- Things are looking up for the in vitro diagnostic sector. Several new assays have been introduced over the past decade. According to Market Research.com, the publication of the human genome project and advances in bioinformatics and related fields has contributed, in particular, to the development of diagnostic testing technology. This has fueled the growth of immunoassays and nucleic acid tests which help in the diagnosis and treatment of important health issues such as cancer, diabetes, heart disease and autoimmune disorders.
- Market Research.com also points out that the point-of-care (POC) sector is growing faster than the overall IVD market. POC represents emergency testing, home tests, doctor office screening, decentralized hospital tests, and more. The analysts estimate that the POC market will touch $38B which is 16% of the entire IVD market in 2017.
- The global blood industry is growing at a fast rate due to the growing and aging global population, the spread of infectious diseases, and other factors. The key market segments in this industry include products such as RBCs and platelets, equipment such as chemistry and hematology analyzers, coagulation analyzers, blood gas analyzers, and testing.
New technology is expensive. The best way for clinical laboratories to source the latest instruments for accurate and timely testing is to partner with an established online medical lab equipment supplier. A reliable supplier can supply quality instruments, reagents, and consumables at reduced prices and even offer affordable equipment rental options to help their customers stay competitive.