Two reports on the global companion diagnostics market published in recent weeks offer differing numbers, and explanations, but come to the same conclusion: The market will continue growing rapidly over the next few years.
Transparency Market Research projects the global CDx market will have more than tripled between 2013 and 2019, multiplying from $1.8 billion in 2013 to $5.6 billion in 2019. The firm is basing its forecast on companion diagnostics sustaining a compound annual growth rate of 18%.
While the largest share of companion diagnostics has focused on detecting breast cancer, the discovery of lung cancer specific biomarkers will enable lung cancer-focused companion diagnostics to grow at a CAGR of more than 20% through 2019, the firm added.
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