Emergen Research latest document, titled ‘Global Companion Diagnostics Market – Forecast to 2027,’ is one of the most sought-after market reports involving an in-depth analysis of the global Companion Diagnostics market. The report’s authors have offered necessary details on the latest Companion Diagnostics market trends and the crucial parameters impacting both short-term and long-term market growth.
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.
Its panoramic view of the Companion Diagnostics industry entails useful insights into the estimated Companion Diagnostics market size, revenue share, and sales & distribution networks. Such helpful market insights are bound to help readers outline this industry’s key outcomes in the near future. Those are further intended to assist businesses involved in this sector in sound decision-making and formulating lucrative business plans. The primary addressees of this report include some of the globally renowned venture capitalists. The report offers these individuals a vivid description of the competitive spectrum of the global Companion Diagnostics market.
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One of the report’s central components is the broad Companion Diagnostics market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period.
The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Companion Diagnostics market players.
Leading Players Profiled in the Report:
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 market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Companion Diagnostics sector in a strategic manner.
The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Technology Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- 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)
- Diagnostic Laboratories
Key geographical areas:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Companion Diagnostics market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global Companion Diagnostics market size
2.2 Latest Companion Diagnostics market trends
2.3 Key growth trends
- Competitive Landscape
3.1 Global Companion Diagnostics market key players
3.2 Global Companion Diagnostics size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Companion Diagnostics market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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