Articles

IVD is a rising oncology star

Cancer testing is maturing from personalized medicine to precision medicine, Kalorama says
Written byJeffrey Bouley
| 4 min read

ROCKVILLE, Md.—Noting that the market for cancer diagnosticswas $4.8 billion in 2012 and is on track to reach $7.3 billion by 2017—given anaverage annual growth rate of 9 percent—medical and healthcare market researchfirm Kalorama Information says that cancer testing is "maturing frompersonalized medicine to precision medicine, where protein and molecularbiomarkers are essential for precise diagnosis, therapy selection, therapymonitoring and early detection of cancer recurrence."

That statement and the monetary projections are part ofKalorama's report titled "The World Market for Cancer Diagnostics, 5th Edition:Precision and Personalized Testing Arrives," which contains detailed marketdata on in-vitro diagnostic (IVD)products for their use in cancer diagnostics in the segments ofhistology/cytology, immunoassays, flow cytometry, rapid tests, molecularassays, tissue arrays, circulating tumor cells and molecularpharmacodiagnostics.

One of the more interesting developments in cancer testing,according to Shara Rosen, Kalorama Information analyst and author of thereport, is multiplex testing, which includes such technologies as bead arrays,electrochemical arrays, Invader, microarrays, SNP-it and WAVE—all of themtechnologies that have the flexibility to be used for clinical and researchapplications, she notes.

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