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  • In Vitro Diagnostic eCommerce Business Models: Recent Growth Opportunities Revealed
    Disruptive differentiation in supply chain management drives new growth potential

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    Diagnostics are central to healthcare, yet not accessible to all in equal measures, as emphasized by Lancet study (2020) that 47% of the global population has little to no access to accurate diagnostics. To address the market gap which was exacerbated during pandemic such as irregularities in supply chain and logistics, sporadic raw material availability, pushing costs, delaying procurement, manufacturing, research and development thus impacting new product/s availability to the end customer.

    Engineering and technological eCommerce In Vitro Diagnostics (IVD) business marketplace provides a solution to these challenges. It creates an inordinately huge opportunity to transact i.e., buy, sell, lease, market, and procure diagnostic products and service information on any internet device, such as the computer (web-based) or mobile (mCommerce). Pharmaceuticals, biotech, manufacturing companies, contract research organizations, hospitals, clinics, laboratories, universities, government, and consumers can use these technology platforms to access the global ecosystem. While technology infrastructure within eCommerce is constantly evolving, current essential technologies enabling healthcare transactions include EDI, bar codes, cloud, product data exchange, and electronic forms.

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