Companion diagnostics are quickly rising as key parts in customized medication. Late FDA endorsements of medications, for example, Zelboraf and Xalkori have supported both eagerness and interest in this blossoming region. This gathering will cover end-to-end companion symptomatic improvement from disclosure to administrative and repayment. Other key issues, for example, commercialization, money saving advantage examination, and post endorsement will likewise be tended to. The Global Companion Diagnostics Market accounted to USD 9.40 billion in 2024, growing at a CAGR of 19.8% during the forecast period of 2017 to 2024.
Companion Diagnostics Market Definition:
Companion diagnostics are in-vitro diagnostics that provide information about therapeutic treatment of patients through which they can be benefitted from certain drug dosage according to their diagnosis, allergies and necessity. Here much technological advancement has been made in order to improve this along with the growing requirements for enhanced personalized patient treatment so that complete assurance must be given by the doctors.
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Major Market Drivers and Restraints:
Increasing number of genetic testing
Growing technological development
Increase in cost related to technological advancement
Companion Diagnostics Market Segmentation:
On the basis of product and services, global companion diagnostics market is segmented into assay kits and reagents and software & services.
On the basis of technology, global companion diagnostics market is segmented into polymerase chain reaction, immunohistochemistry, next-generation sequencing and in situ hybridization.
On the basis of indication, global companion diagnostics market is segmented into oncology, neurology and infectious diseases whereas; oncology is sub segmented into breast cancer, lung cancer, colorectal cancer, gastric cancer and melanoma.
On the basis of end users global companion diagnostics market is segmented into pharmaceutical and biopharmaceutical companies and reference laboratories.
On the basis of geography, global companion diagnostics market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Companion Diagnostics Market Competitive Analysis:
The global companion diagnostics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes companion diagnostics shares for global, Europe, North America, Asia Pacific, and South America.
Major Market Competitors:
Some of the major players operating in companion diagnostics market are F. Hoffmann La Roche Diagnostics, QIAGEN , Abbott, Agilent Technologies, Ventana Medical Systems Inc., Myriad Genetics, Leica Biosystems Nussloch GmbH, RESONANCE HEALTH, ARUP Laboratories, Life Technologies, Thermo Fisher Scientific Inc., and bioMerieux SA among others.
Companion Diagnostics Market Research Methodology:
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or drop down your inquiry.
Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
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