Receive our newsletter – data, insights and analysis delivered to you
  1. Comment
January 2, 2018

MedTech pipeline products in 2017

At the outset of 2018, analysis of medical technology pipeline products shows a dynamic market, with particularly heavy investment into in vitro diagnostics (IVD).

By GlobalData Healthcare

At the outset of 2018, analysis of medical technology pipeline products shows a dynamic market, with particularly heavy investment into in vitro diagnostics (IVD). Almost half of all pipeline products currently in development, excluding those inactive for three or more years, are for the IVD market, as shown in the figure below.

Figure 1: pipeline products by market

Source: GlobalData

The large number of pipeline products in IVD is not unexpected. Many biomarkers have multiple applications, each of which requires separate approval. Additionally, the IVD market spans almost all applications, which greatly increases the potential market size and incentivizes R&D investment.

In recent years, a heavy focus of pipeline products has been in cancer diagnostics. Of the top ten applications for pipeline products, three are specifically for the diagnosis of cancer.

Content from our partners
Precision wire: The future of bespoke medical treatment
Why this global life sciences COO believes relocation to Charleston, SC, was key to achieving next-level success
“This technique means everything to us”: How CGM devices empower users 

In addition to cancer diagnostics, the third most common application for pipeline products is companion diagnostics. A companion diagnostic test is defined as an in vitro diagnostic device or imaging tool whose use allows the safe application of a therapy. In practice, this involves measuring the expression or presence of a specific biomarker that is linked to a disease condition or therapy to ascertain how a patient will respond to a particular treatment.

Figure 2: pipeline products by application

Source: GlobalData

The increased demand for companion diagnostic tests comes in part from physicians who want to be better informed of the therapy options for their patients, and from healthcare authorities (such as payers) that are looking to control the rising costs of therapies while being able to better identify the most suitable patients for treatment.

However, the greatest driver of increased numbers of pipeline companion diagnostics is the recent changes to FDA regulation of clinical trials. By imposing requirements on correct patient selection, the FDA has effectively made companion diagnostic tests a requirement for any new drug treatment.

In the coming year, the focus on personalised medicine is expected to continue, which GlobalData believes will result in an increasing number of genetic tests and companion diagnostics entering the pipeline.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The medical device industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy