Global Companion Diagnostics Market 2020-2026
発行: Orion Market Research Pvt Ltd
Global Companion Diagnostics Market Size, Share & Trends Analysis Report by Technology (Polymerase Chain Reaction (PCR), In Situ Hybridization (ISH), Immunohistochemistry (IHC), Next-Generation Sequencing (NGS), and Others) and by Indication (Breast Cancer, Lung Cancer, Melanoma, Neurological Diseases, and Others) and Forecast 2020-2026
The global companion diagnostics market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the growing awareness of targeted therapy and precision medicine, increasing focus on next-generation sequencing technologies, and growing application of companion diagnostics. The companion diagnostics market is classified on the basis of technology and indication. Based on technology, the market is segmented into polymerase chain reaction (PCR), in situ hybridization (ISH), immunohistochemistry (IHC), next-generation sequencing (NGS), and others. Based on indication, the market is segregated into breast cancer, lung cancer, melanoma, neurological diseases, and others. Among these indications, the companion diagnostics finds a significant application in lung cancer, owing to the presence of some of companion diagnostics tests that are made mandatory for the test of targeted therapies for lung cancer.
Geographically, the global companion diagnostics market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to contribute a significant share in the global market. The US with a highly matured and technologically advanced healthcare infrastructure, contributes considerably in the companion diagnostics market. The presence of huge regulatory bodies such as FDA, further contributes in the increase in the development and test of drugs through such testing tools, which in turn, offers growth to the companion diagnostics market in North America. In addition, Asia-Pacific is expected to project a considerable growth during the forecast period. This growth is backed by the rise in proteomics and genomics research and increasing development of personalized medicine in the region, especially in India, China, South Korea, and Japan.
The global companion diagnostics market is influenced by product development and advancements conducted by the market players. The key players of the companion diagnostics market include Abbott Laboratories, F. Hoffmann-La Roche Ltd., bioMerieux SA, Thermo Fisher Scientific Inc., Promega Corp., QIAGEN NV, Myriad Genetics, Inc., AstraZeneca PLC, and Merck Co. & Inc. These players are playing a significant role in the growth of the companion diagnostics market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others.
The market study of the global companion diagnostics market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary sources include:
The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
The Report Covers: