Testing is on an upward trend, according to Kalorama Information's IVD Procedure Volume and Pricing Analysis Clinical
laboratory medicine plays an integral role in healthcare and disease management,
as it estimated that approximately 80% of physician’s diagnoses are a result of
laboratory tests.
Lab procedures will go from 19 billion in 2012 to 23.5 billion in 2017, according to our procedure volume analysis, as testing proves its importance in diagnostics and treatment regimen decisions to providers, payors and patients.
In addition to disease diagnosis, clinical lab testing is
also performed to evaluate disease progression, monitor drug treatment and
conditions, determine individual therapy, and several other reasons.
Diagnostic
laboratory technology has changed dramatically in the past few years, due to
the publication of the human genome project and advances in functional
genomics, bioinformatics,
automation, miniaturization and microelectronics as well as rapid development
and proliferation of novel telecommunications technologies. Molecular assays are among the fastest growing procedures, according to the report.
