Global personalised medicine testing market hit $28 billion in 2011 says new report

March 12, 2012 - PRLog -- According to the report “World Market for Personalized Medicine Diagnostics: Biomarkers, Pharmacodiagnostics, Tumor Assays, Cardiac Risk and Other Testing” the personalised medicine testing (PMx) market exceeded $28 billion in 2011 this increase has been driven by tissue tests to aid drug therapy decisions.

The new report analyses new molecular tests based on proven biomarkers, as well as routine glucose and microbial identification tests. Concept has become reality as tissue tests are being used to determine therapy for cancer. These will experience better than average IVD industry revenue growth rates in the next five years.

The report states that tissue-based diagnostic testing serves as one of the highest standards for cancer diagnosis. There is no other technology that can capture the biological context of the disease and the critical parameters that factor into patient outcomes.

View the report: http://www.pharmaceutical-market-research.com/publications/diagnostic/world_market_personalized_medicine_diagnostics.html

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