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Press Release:
IVD Insights Market Tracking Reports
Now Available from Market Diagnostics International
 

 

PRESS RELEASE

Contact:   Kathi McGregor or Larry Worden

FOR IMMEDIATE RELEASE

Phone:     (972) 419-1575 or (972) 419-1561

5:00 PM, EDT, October 20, 2011

   
   
IVD Insights Market Tracking Reports
Now Available from Market Diagnostics International
 

DALLAS, TX, October, 2011:  Market Diagnostics International LLC (“MDxI”) announces the availability of its first syndicated reports on the US clinical laboratory testing market based on data from the College of American Pathologists (“CAP”).

The first three reports cover the Chemistry, Molecular Infectious Disease and Microbiology markets:

  • The chemistry report includes detailed testing data from 4,676 US laboratories for 58 analytes performed on 10,825 instrument systems.

  • The microbiology report includes detailed testing data from 2,777 laboratories for 8 analytes performed on 5,513 instrument systems.

  • The molecular infectious disease report includes detailed testing data from 1,803 laboratories for 33 analytes performed on 3,849 instrument systems.

“For the first time the IVD industry has access to the kind of near-census marketing information that has become standard in the pharmaceutical industry,” commented Larry Worden, Vice President and Senior Partner. “The response has been uniformly positive among our growing subscriber base for these reports.”

Earlier this year, MDxI signed an 8-year data licensing agreement with the CAP to publish market reports based on data from its extensive proficiency testing program (“PT”). Data received from the CAP PT Program have been combined with MDxI’s detailed database of US clinical laboratories and then organized into comprehensive, detailed market reports by analyte. The reports have detailed demographic cuts (e.g., type of lab such as hospital, reference, public health, bed-size breaks within hospitals and region). At a minimum, they provide:

  1. share of laboratories using each method and/or brand/instrument system or commercial test kit for testing each analyte;

  2. the installed base of testing systems by laboratory discipline;

  3. related share changes from cycle to cycle, including underlying churn (i.e., switching patterns from brand to brand or method to method); and

  4. profiles of the analytes tested on specific instrument systems (menu utilization profiles).

Market reports will be provided to customers every six (6) months (second and fourth quarters of each year), providing them with an accurate, ongoing picture of the competitive field, and their place in it, for each of the market areas in which they participate.

The entire series of reports will be available over the next few weeks and will include the following markets:

  • Chemistry

  • Urine Toxicology/Drugs of Abuse

  • Immunochemistry

  • Hematology

  • Coagulation

  • Automated Urinalysis/Body Fluids

  • Infectious Immunology

  • Immunohematology

  • Microbiology

  • Molecular Infectious Disease

  • Molecular Genetics
     

ABOUT MDxI

Market Diagnostics International (MDxI) is a leading provider of custom and syndicated market information for medical technology. Founded in 1988, MDxI helps clients develop and market medical and scientific technologies, including in vitro diagnostics, life science research applications and analytical systems, medical devices and supplies, diagnostic imaging equipment, and therapeutics. www.mdxint.com
 

ABOUT THE CAP

The CAP is a medical society serving more than 17,000 physician members and the laboratory community throughout the world.  It is the world’s largest association composed exclusively of pathologists and is widely considered the leader in laboratory quality assurance.  It is an advocate for high-quality and cost-effective medical care. www.cap.org

 

For an electronic copy of the product prospectus or to schedule a conference call, please contact Shane Kelly at skelly@mdxint.com or (972) 233-3010.

 

     
 
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