Cancer therapy as we know it is evolving. With many patients not responding or reacting badly to generalised treatment, it is not surprising that demand for more individual treatment is rising.

Personalised medicine, often synonymous with companion diagnostics, in oncology has been increasing globally in recent years, with the fastest growth in the emerging markets of Japan and China, according to GlobalData. In particular, the number of tests conducted for non-small cell lung cancer is expected to increase from 709,000 in 2017 to 1,237,000 in 2023, increasing at a compound annual growth rate of 9.9%, which is primarily driven by the increasing incidence rate and decreasing cost per test.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Additionally, many companies are investing in the growing trend of personalised medicine. On March 13th, Myriad Genetics announced the launch of the EndoPredict test in the US for breast cancer. EndoPredict is a test to determine the 10-year risk of recurrence following cancer treatment based on a patient’s genetic profile, while also enabling physicians to determine which patients may not require chemotherapy.

Tests like EndoPredict are becoming increasingly more common, and are indicative of the vast leaps made in genetics in the past decade. With costs of sequencing rapidly decreasing (indeed, Illumina claims its NovaSeq Series could be capable of sequencing a genome for $100), we have the capability to rapidly expand our understanding of the human genome, making personalized medicine a feasible reality.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.