in vitro diagnostics included four basic criteria for point-of-care products: rapidity, accuracy, cost-effectiveness and simplicity. He pointed out that a product should be so simple that when put in the least technically competent hands, the results will always be consistent. As an example, Kay explained a moderately complex test that five years ago took seven reagents, 15 steps and 20 minutes for results. Now, an improved Quidel solution takes one reagent, three steps and 10 minutes for results. Market segments grow where there is a need, he said.
Herb Steward is senior vice president of Commercial Operations North America for bioMrieux Inc., handling sales, marketing, service and sales administration. He has 23 years experience in the diagnostic industry, and holds an MBA and a bachelors in marketing management from Webster University in St. Louis, MO. Steward represented Phillipe Sans, president and CEO of bioMrieux North America, who was interviewed in March 2003.Steward identified two huge trends that impact the laboratory: the aging population in 2004, 40% of U.S. citizens will be approaching age 65 and the cost of healthcare in the United States. He predicts that healthcare costs will consume 16% of the U.S. gross domestic product in five years, putting it behind the 8% to 10% reflected globally. Efficiently and productively managing costs will be crucial. The future role of diagnostics, he said, is to look at the impact of new products on the clinical lab, recognizing that information needs to be packaged so that clinicians can maximize a positive conclusion for their patients. Molecular diagnostics, he stated, is moving from managing
illness to managing disease to managing wellness, and will become the most valuable part of a hospital.
promise of genetics can be the problem of genetics. In regard to the latter, he gave example of some families choosing to abort babies based on such tests, and many insurers are not covering expensive genetic tests.
August 2003: Vol. 35, No. 8© 2003 Nelson Publishing, Inc. All rights reserved.