Companion Diagnostics Market Overview
Maximize Market Research, a leading international business consultancy firm, has released its highly anticipated "Companion Diagnostics Market" Report, providing crucial insights into the market's potential in the Asia Pacific region. Despite economic challenges post the Covid lockdown period, the market has showcased resilience and an upward trend. The report positions the Asia Pacific region as a lucrative opportunity for Companion Diagnostics market and its component manufacturers over the next decade.
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Companion Diagnostics Market Values
Global Companion Diagnostics Market size was valued at USD 4.71 Bn in 2022 and Companion Diagnostics market revenue is expected to reach USD 11.02 Bn by 2029, at a CAGR of 12.9 % over the forecast period.
Companion Diagnostics Market Scope
Import and export consumption, supply and demand chain, costs, shares, sales volumes, revenues, and gross profits are covered in the Companion Diagnostics market analysis report. The manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer in the Companion Diagnostics market are examined in the report.
Market Dynamics for Companion Diagnostics
Increasing the number of companion diagnostic testing facilities will accelerate market expansion.
The industry is also being driven by the expansion of companion diagnostic testing facilities. Companion diagnostics is predicted to grow as a result of specialised laboratories' expansion of their capacity and capabilities to fulfil the growing demand. These labs have the tools and knowledge required to carry out intricate molecular analysis, guaranteeing fast and precise findings for medical professionals. Market expansion is fueled by regulatory bodies like the European Medicines Agency (EMA) and the U.S. Food and Drug Administration (FDA) approving new companion diagnostics. Regulatory approval gives companion diagnostics credibility regarding their accuracy and clinical usefulness.
Companion Diagnostics Market Segmentation
by Technology
PCR
NGS
The market is divided into two segments based on technology: PCR and NGS. Throughout the forecast period, the PCR segment is anticipated to lead the market. The development of companion diagnostics for oncology makes extensive use of PCR technology, which is anticipated to fuel the growth of the companion diagnostics market. These tests are made especially to find particular genetic changes or mutations linked to cancer. They are essential in helping cancer patients make decisions about their course of therapy. In order to create individualised treatment regimens, PCR enables the sensitive and accurate detection of genetic markers, such as mutations in cancer-associated genes. A crucial piece of technology for the creation of companion diagnostics is PCR.
by End-Use
Hospitals & Clinics
Diagnostic Laboratories
Research Institutions
Pharmaceutical Companies
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Companion Diagnostics Market Key Players
1. Roche Diagnostics
2. Thermo Fisher Scientific
3. Agilent Technologies
4. Abbott Laboratories
5. Qiagen
6. Myriad Genetics, Inc,
7. Illumina
8. Danaher Corporation
9. Biogenex Laboratories
10. Bio-Rad Laboratories
11. Foundation Medicine
12. Genomic Health
13. NanoString Technologies
14. Guardant Health
15. Invivoscribe
Table of content for the Companion Diagnostics Market includes:
Part 01: Executive Summary
Part 02: Scope of the Companion Diagnostics Market Report
Part 03: Global Companion Diagnostics Market Landscape
Part 04: Global Companion Diagnostics Market Sizing
Part 05: Global Companion Diagnostics Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Regional Analysis
The Companion Diagnostics market report comprises an extensive analysis of the Companion Diagnostics industry across five primary world regions are Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. It delves into the market's key geographies and highlights notable segments and sub-segments within the industry.
Key Questions answered in the Companion Diagnostics Market Report are:
- What is Companion Diagnostics Market?
- What is the forecast period of the Companion Diagnostics Market?
- What is the competitive scenario of the Companion Diagnostics market?
- Which region held the largest market share in the Companion Diagnostics Market?
- What are the opportunities for the Companion Diagnostics Market?
- What are the restraining factors in the Companion Diagnostics market?
- Who are the key players of the Companion Diagnostics market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Companion Diagnostics
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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