Back To: Home




July 20 - August 2, 2014

July 21-24, 2014

More Events
Name:
Company:
Email:
 
 
 

Report: Cancer diagnostics market could hit $90 million by 2014
October 2010
SHARING OPTIONS:

NEW YORK—Cancer treatment is one area where the era of personalized medicine is arriving, according to market research publisher Kalorama Information. In its recent report, "The Worldwide Market for Cancer Diagnostics,"Kalorama predicts a $90 million market for pharmacodiagnostics, tests that determine whether a treatment matches the individual patient, by 2014.
 
According to the report, the information gleaned from the Human Genome Project and pharmacogenomics research by the drug industry is making possible individualized drug therapy based on the genetic makeup of a patient.
 
The concept has been talked about for some time, but Kalorama notes in its biennial review of the cancer testing market that with five U.S. Food and Drug Administration (FDA)-approved test and treatment products, including tests for Herceptin, Gleevec, Erbitux and Tarceva, and with many others in development, pharmacodiagnostics has moved beyond the concept phase.
 
"Personalized medicine is not occurring overnight, but it is occurring," says Shara Rosen, lead diagnostic analyst for Kalorama Information. "More and more physicians are using these tests, and more pharma companies are getting involved and looking to in vitro diagnostic (IVD) companies for biomarker tools."
 
The report says that while personalized medicine strategies are not new—it's been eight years that Herceptin package inserts have labeled tests for therapy-responsive patients—the increase in drug and test development points towards greater utilization of these products.
 
According to Kalorama, histopathology IVD companies Dako, Ventana Medical, Roche Diagnostics and Third Wave Technologies lead the market with FDA-cleared tests.Oncotype DX was launched in the United States in 2004, where it has since been adopted as the standard of care for treating early-stage breast cancer.Oncotype DX is recommended in the guidelines of the American Society of Clinical Oncology (ASCO) and the National Comprehensive Cancer Network (NCCN), and is extensively reimbursed in the United States.
 
Physicians use Oncotype DX to predict the likelihood of chemotherapy benefit, as well as the likelihood of recurrence, for patients with early-stage breast cancer, in order to make individualized treatment decisions about the addition of chemotherapy to hormonal therapy.
 
By 2025, one in five new drugs could be labeled with a companion test, many of which will be cancer drugs, according to Kalorama. Many of the new companion tests are being developed as diagnostic/prescription partnerships.
 
There are scores of these cancer co-development projects underway. Companies such as Qiagen/DxS, MolecularMD and Roche/454 Life Sciences launched CE Marked test kits in 2008 and 2009. These tests are performed using blood instead of biopsied tissue.
 
Kalorama believes better-than-average growth levels will drive more companies to this area.
 
"This trend to personalized medicine is expected to create a huge market for cancer diagnostics in combination with the commercialization of the therapy," Rosen says. "We expect pharmacogenomics, predisposition diagnostics and molecular diagnostics to show 25 to 30 percent annual growth over the next five to 10 years."
 

Back








CONTACT US
DDNEWS
Published by Old River Publications LLC
19035 Old Detroit Road
Rocky River, OH USA 44116
Ph: 440-331-6600  |  Fax: 440-331-7563
 
© Copyright 2014 Old River Publications LLC. All righs reserved.  |  Web site managed and designed by OffWhite.