Global Companion Diagnostics Market Size, Growth, COVID-19 impact Analysis to 2025

Companion Diagnostics Market Size (2020 to 2025)

As per our recent research report, the size of the global companion diagnostics market is estimated to worth USD 10.6 billion by 2025 from USD 3.8 billion in 2020, showcasing a growth rate of 22.56% from 2020 to 2025.

Key Market Drivers:

The increasing prevalence of cancer, the rising importance of precision medicine, the need for targeted therapy, the advantages of companion diagnostics, and the application areas of companion diagnostics are the factors that are driving the global companion diagnostics market globally. Also, the rise in demand for next-generation sequencing, significant growth of companion diagnostic in drug development, and an increasing number of clinical trials are the various factors influencing the Companion medicine market. With advanced genetic sequencing and genomic, it is believed that drugs can work according to different situations. In the same way, a better understanding of genetic characteristics promotes the practice of implementing the right drug at the right place through which market expansion can be strengthened.

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Significant Challenges:

The cost incurred on putting tests to reach a large proportion of end-users, especially in emerging countries, is proving to be challenging. In this way, end-users like hospitals, pharma companies, reference laboratories, and CROs finding the burden of using the diagnostic tests and opting for 3^rd party companion diagnostic services. Companion diagnostic testing is a complex and technical process that requires professional resources, which is an additional burden. And also, knowledge of companion diagnostic technologies is essential in carrying out tests as lack of it leads to failure of tests, which is a major aspect for the market downfall.

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This research report on the global companion diagnostics market has been segmented & sub-segmented based on the indications, technology, and region.

By Indications:

• Oncology
  • Colorectal Cancer
  • Lung Cancer
  • Breast Cancer
  • Gastric Cancer
  • Melanoma
• Inflammation and Autoimmune Diseases
• Cardiovascular Diseases
• Central Nervous System Disorders
• Virology Diseases

By Technology:

• Immunohistochemistry
• Molecular Diagnostics
  • In-Situ Hybridization
  • Real-Time PCR
  • Gene Sequencing

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa

Geographically, North America led the global companion diagnostics market during the forecast period because of the factors such as an increase in chronic disorders cases and developed infrastructure in this area. As per the National Institutes of Health report, there were 1,735,350 cancer cases detected in 2018. Healthcare organizations and creating developments of CDx tests will support market growth.

Europe is estimated to have a major share in the Companion diagnostic market after North America and likely to have better growth over the outlook period. Developing infrastructure and increasing chronic disorder cases are the main factors promoting regional growth in this market.

The Asia Pacific provides opportunities to players in Companion Diagnostic market and creates awareness about these tests and developments in healthcare infrastructure, which boosts the market boom in this area.

The Middle East and Africa are estimated to have a standard growth in Companion Diagnostic market during the foreseen period. Developing factors like infrastructure and advancing healthcare technologies can influence the market boom in this locale.

NOTABLE COMPANIES IN THIS MARKET:

Abbott Molecular Inc., Roche Molecular Systems Inc., Leica Biosystems Nussloch GmbH, bioMérieux Inc., Dako Inc., Qiagen Ltd., ARUP Laboratories, Myriad Genetics Inc., Biogenex Laboratories Inc., Ventana Medical Systems Inc., and Thermo Fisher Scientific Inc. are some of the noteworthy companies dominating the global companion diagnostics market.

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List of Tables & Figures of the report:

1. Global Companion Diagnostics Market, By Region, From 2020 to 2025 (USD Billion)
2. Global Companion Diagnostics Market, By Indication, From 2020 to 2025 (USD Billion)
3. Global Oncology Market, By Region, From 2020 to 2025 (USD Billion)
4. Global Inflammation and Autoimmune Diseases Market, By Region, From 2020 to 2025 (USD Billion)
5. Global Cardiovascular Diseases Market, By Region, From 2020 to 2025 (USD Billion)
6. Global Central Nervous System Disorders Market, By Region, From 2020 to 2025 (USD Billion)
7. Global Virology Diseases Market, By Region, From 2020 to 2025 (USD Billion)
8. Global Companion Diagnostics Market, By Technology, From 2020 to 2025 (USD Billion)
9. Global Immuno Histochemistry Market, By Region, From 2020 to 2025 (USD Billion)
10. Global Molecular Diagnostics Market, By Region, From 2020 to 2025 (USD Billion)
11. Global Oncology Diagnostics Market, By Type, From 2020 to 2025 (USD Billion)
12. Global Colorectal Cancer Diagnostics Market, By Region, From 2020 to 2025 (USD Billion)
13. Global Breast Cancer Diagnostics Market, By Region, From 2020 to 2025 (USD Billion)
14. Global Lung Cancer Diagnostics Market, By Region, From 2020 to 2025 (USD Billion)
15. Global Gastric Cancer Diagnostics Market, By Region, From 2020 to 2025 (USD Billion)
16. Global Melanoma Diagnostics Market, By Region, From 2020 to 2025 (USD Billion)
17. Global Molecular Diagnostics Market, By Type, From 2020 to 2025 (USD Billion)
18. Global In-Situ Hybridization Market, By Region, From 2020 to 2025 (USD Billion)
19. Global Real-Time PCR Market, By Region, From 2020 to 2025 (USD Billion)
20. Global Gene Sequencing Market, By Region, From 2020 to 2025 (USD Billion)
21. 90+ More

Browse Regional Reports:

• North America Companion Diagnostics Market
• Europe Companion Diagnostics Market
• Asia-Pacific Companion Diagnostics Market
• Latin America Companion Diagnostics Market
• Middle East and Africa Companion Diagnostics Market

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