Medical Diagnostics Industry Overview

The medical and clinical diagnostic industry comprises businesses and laboratories that offer analytic or diagnostic services including body fluid analysis and diagnostic imaging. The world market for diagnostics was valued at $22.47 billion in 2000 and was expected grew at an annual rate of about 6 percent to $28.63 billion by 2005. The IVD product, point-of-care instrument and the medical diagnostic kit (MDK) markets have emerged as growing segments of the diagnostic laboratory industry.

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Industry Overview: US Home Healthcare Services

About 20,000 home healthcare service organizations across the nation deliver healthcare to 8 million individuals with an acute illness, a long-term medical condition, a permanent disability, or a terminal illness. For the top performing companies, the average revenue in 2007 was $17,340,702. In the coming thirty years, the American population over 65 years of age will double to 70 million. Ageing population coupled with several other make the market for home healthcare service promising.

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