Biosensors will grow to a $33 billion market by 2027, reports IDTechEx Research
Utilised as effective medical tools for diagnosing and quantifying biological material associated with chronic diseases, also known as biomarkers, IDTechEx Research has recently reported that the biosensor market is set to grow into a $33 billion market in industry by 2027.
The report Biosensors for Point-of-Care Testing: Technologies, Applications, Forecasts 2017-2027, highlights that molecular diagnostic devices is the main driver for growth, especially with regards to ‘point-of-care’ delivery for patients.
“‘Point-of-care' is defined as being portable and able to gives results in under one hour,” a recent press release has stated. “Commercial biosensors are split in four categories: Lateral flow assays; Electrochemical test strips; Integrated cartridges; and Molecular Diagnostics.”
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With patients’ expectations getting higher, there is a growing need the delivery of patient care that is not only high quality, but is personalised and efficient, reducing waiting times and ensuring high quality across the board. This is in alignment with the growing number of chronic diseases as a result of increased sedentary lifestyles, heavily impacting on the provision of healthcare services.
Technology companies are beginning to see how they can further support this growing industry. Easy examples are Amazon and Apple, as well as drones which are supporting healthcare services in Africa. Apple’s partnership with Cochlear Ltd and Amazon’s decision to sell medical products in Japan, only highlights how this lucrative market is attracting other sectors. Consequently, Asia has become one of the largest markets for medical device companies.
Nonetheless, regulatory requirements could limit further development of new medical technologies.
NHS opens 8 clinical trial sites to assess cancer treatment
The UK's National Health Service (NHS) is opening eight clinical trial sites to assess patients' responses to personalised cancer therapy.
The trials will analyse how patients diagnosed with advanced melanoma or non-small cell lung cancer respond to immunotherapy, to help predict their response to treatment. They will be hosted at Gloucestershire Hospitals NHS Foundation Trust facilities.
Immunotherapy helps the body's own immune system fight cancer, but while it has achieved good results for some cancer patients, it is not successful for everyone. Finding ways to predict which people will respond to the treatment is a major area of research.
OncoHost, an oncology startup, will provide advanced machine learning technology to develop personalised strategies aiming to improve the success rate of the cancer therapy. The trials will contribute to OncoHost’s ongoing PROPHETIC study, which uses the company’s host response profiling platform, PROphet®.
“Immunotherapy has achieved excellent results in certain situations for several cancers, allowing patients to achieve longer control of their cancer with maintained quality of life and longer survival,” said Dr David Farrugia, Consultant Medical Oncologist at NHS, and chief investigator of all eight NHS clinical trial sites.
“However, success with immunotherapy is not guaranteed in every patient, so this PROPHETIC study is seeking to identify changes in proteins circulating in the blood which may help doctors to choose the best treatment for each patient."
"I am excited that Gloucestershire Oncology Centre and its research department have this opportunity to contribute to this growing field of research and I am determined that our centre will make a leading national contribution in patient recruitment.”
Previous studies in the US and Israel have shown that PROphet® has high accuracy in predicting how patients with cancer will respond to various therapies.