Companion Diagnostics : Analyzing the Industry’s Growth and Challenges

The report is updated with the impact of the COVID-19 pandemic on the Companion Diagnostics market. Every industry vertical across the globe has been affected by the pandemic, and the report assesses if the impact of the pandemic on the Companion Diagnostics market has been positive or negative.

Emergen Research has recently published a detailed report on the global Companion Diagnostics market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Companion Diagnostics market through verified and validated data curated to offer accurate insights.

The global Companion Diagnostics Market is forecasted to reach USD 9.72 Billion by 2027, according to a new report by Emergen Research. Companion diagnostics are procedures or examinations that include knowledge necessary for the secure and prosperous usage of a medical drug in question. It enables the recognition of the possibility of an individual benefiting from a pharmaceutical drug or having adverse effects. It assists in assessing the patient reaction to a procedure so that medication may be modified to improve health and effectiveness. Increasing emphasis on personalized medicine should pave the way for companion diagnostics because it forms an integral part of personalized medicine. Owing to increased identification, care, and surveillance of a variety of illnesses, biomarkers and companion diagnostics have seen strong demand. Such diagnostic assessments increase the product development cycle by rising and growing the research and development costs and raising the approval rates of the drug. Furthermore, the increasing growth in the prevalence of numerous tumors, respiratory ailments, infectious diseases, and neurological disorders across the globe is anticipated to boost potential demand for companion diagnostic tests. Nevertheless, high costs of associated diagnostic tests, combined with a shortage of reimbursement policies in certain countries, are likely to hinder market development over the forecasted era.

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The report further divides the Companion Diagnostics market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Companion Diagnostics market.

Companion Diagnostics Market Segmentation:

• Technology Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

  • Immunohistochemistry
  • In Situ Hybridization
  • Polymerase Chain Reaction
  • Genetic Sequencing

• Disease Indication Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Billion; 2017-2027)

  • Breast Cancer
  • Lung Cancer
  • Colorectal Cancer
  • Skin Cancer

• Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

  • Hospitals
  • Diagnostic Laboratories

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The report also studies the key companies of the Companion Diagnostics market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities. Some players analyzed in the report are:

Key companies operating in the Companion Diagnostics market include:

Agilent Technologies, Foundation Medicine, Myriad Genetic Laboratories, Thermo Fisher Scientific, Johnson & Johnson, Arup Laboratories, Abbott, MolecularMD, BioMérieux, and Illumina, among others

The Global Companion Diagnostics Report is a panoramic study of the overall Companion Diagnostics market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the Companion Diagnostics market. The report provides a detailed analysis of the key factors of the Companion Diagnostics market that are expected to have a positive impact on the growth of the Companion Diagnostics industry.

Regional Segmentation

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.

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