Michael Barbella, Managing Editor01.26.21
The COVID-19 pandemic has either forced the delay or deferral of oncology tests in India. Nevertheless, the market for human epidermal growth factor receptor 2 (HER2) amplification tests is forecast to rebound strongly, expanding at a 7 percent compound annual growth rate (CAGR) through 2026, according to GlobalData.
One of the factors driving this expected growth is the Indian government's relaxing of lockdown measures.
Anusha Kaushik, a medical devices analyst at GlobalData, commented: “With the easing of lockdown measures, cancer patients will consult oncologists at a higher rate. In addition, oncology testing is expected to rise in India due to the increase in doctor’s references for testing, growing general awareness among general population through public and private programs, increasing prevalence of cancer and availability of assays and kits, which are efficient in detection of cancer.”
GlobalData’s report, "HER2 Amplification Tests (In Vitro Diagnostics) – Global Market Analysis and Forecast Model (COVID-19 Market Impact)," reveals that India's HER2 amplification tests market accounted for 8 percent of the Asia-Pacific market in 2020.
HER2 amplification test market in India has decreased in 2020 due to the COVID-19 pandemic. The market is expected to bounce back this year to cover up the missing tests that were supposed to be done in 2020. The market will come in line with the expected year-on-year growth rate by 2022.
HER2 amplification tests market is highly fragmented in India with Agilent Technologies, F. Hoffmann-La Roche Ltd., and Danaher Corp. being the major players.
HER2 amplification testing is said to provide better prognosis for breast and gastric cancer and can be used to determine which HER-targeted therapy will work for a patient. At present, HER2 amplification tests account for only 5 percent of the total oncology testing market in India.
Kaushik concluded: “HER2 amplification testing is expected to increase in the next five years driven by the growing incidence of breast and gastric cancer, accessibility to diagnostics, and technological advancements to create inexpensive diagnostic tests. HER2 amplification tests in India will be also driven by the release of biosimilars, which are expected to increase the accessibility to HER-targeted therapies. This is expected to result in higher test volumes.”
One of the factors driving this expected growth is the Indian government's relaxing of lockdown measures.
Anusha Kaushik, a medical devices analyst at GlobalData, commented: “With the easing of lockdown measures, cancer patients will consult oncologists at a higher rate. In addition, oncology testing is expected to rise in India due to the increase in doctor’s references for testing, growing general awareness among general population through public and private programs, increasing prevalence of cancer and availability of assays and kits, which are efficient in detection of cancer.”
GlobalData’s report, "HER2 Amplification Tests (In Vitro Diagnostics) – Global Market Analysis and Forecast Model (COVID-19 Market Impact)," reveals that India's HER2 amplification tests market accounted for 8 percent of the Asia-Pacific market in 2020.
HER2 amplification test market in India has decreased in 2020 due to the COVID-19 pandemic. The market is expected to bounce back this year to cover up the missing tests that were supposed to be done in 2020. The market will come in line with the expected year-on-year growth rate by 2022.
HER2 amplification tests market is highly fragmented in India with Agilent Technologies, F. Hoffmann-La Roche Ltd., and Danaher Corp. being the major players.
HER2 amplification testing is said to provide better prognosis for breast and gastric cancer and can be used to determine which HER-targeted therapy will work for a patient. At present, HER2 amplification tests account for only 5 percent of the total oncology testing market in India.
Kaushik concluded: “HER2 amplification testing is expected to increase in the next five years driven by the growing incidence of breast and gastric cancer, accessibility to diagnostics, and technological advancements to create inexpensive diagnostic tests. HER2 amplification tests in India will be also driven by the release of biosimilars, which are expected to increase the accessibility to HER-targeted therapies. This is expected to result in higher test volumes.”
