Companion Diagnostics Market Size, Share, Growth, Trends and Industry Analysis By Products & Services (Assays, Kits & Reagents, Software & Services), By Technology (Polymerase Chain Reaction (PCR), Next-Generation Sequencing (NGS), In Situ Hybridization (ISH) and Immunohistochemistry (IHC)), Indication (Cancer, Neurological Diseases, Infectious Diseases, Cardiovascular Diseases), By End-User (Pharmaceutical & Biopharmaceutical Companies, Contract Research Organizations and Laboratories) – Forecast till 2027
Companion Diagnostics Market Overview
The companion diagnostics market is projected to grow at a CAGR of 20.29% during the forecast period. As per the companion diagnostics market research report, the global market for companion diagnostics is projected to grow swiftly by USD8.08 Billion by 2027. According to analysts, increasing prevalence of chronic diseases as well as expanding regulatory framework will drive the market growth during the forecast period. The companion diagnostics market research report offers a comprehensive analysis of the global companion diagnostics market and its end users, indication, products & services, and technology segments. The high costs of companion diagnostics along with budget limitations are the elements that could influence the companion diagnostics market advancement throughout the forecast period. The companion diagnostics market research report by expert analysts is developed to assist organizations in the companion diagnostics market.
Companion Diagnostics Market Segmentation
The global companion diagnostics market has been segmented based on end users, indication, products & services, and technology. On the basis of end users, the market for companion diagnostics is segmented based on contract research organizations, laboratories, and pharmaceutical & biopharmaceutical companies. Additionally, the market on the basis of indication, is segmented into cardiovascular diseases, infectious diseases, neurological diseases, cancer. The global market for companion diagnostics is also covered based on products & services segment which is further split into kits & reagents, software & services, assays. On the basis of technology, the market for companion diagnostics is segmented based on immunohistochemistry (IHC), in situ hybridization (ISH), next-generation sequencing (NGS), and polymerase chain reaction (PCR).
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Major elements such as stringent rules and regulations could obstruct the companion diagnostics market growth. However, according to the companion diagnostics market research report, a rise in R&D of targeted therapies along with increased recognition in developing markets will propel growth throughout the forecast period. The companion diagnostics market is set to register growth at a high CAGR owing to these key factors. The exploration of end users, indication, products & services, and technology segments along with regional markets has been given in the global companion diagnostics market research report. The research analysts studying the companion diagnostics market have put out market forecasts in the companion diagnostics market research report in order to support companion diagnostics market-based companies. The companion diagnostics market research report provides an extensive understanding of the companion diagnostics market based on the information and forecasts till 2027.
Companion Diagnostics Market Regional Overview
North America, Europe, Asia Pacific and the rest of the world regional market for companion diagnostics are predominantly covered in the global companion diagnostics market research report. Country-level companion diagnostics markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level companion diagnostics markets are covered in the report. In Asia-Pacific (APAC) region, the country-level companion diagnostics markets covered are Japan, India, China, and others. The companion diagnostics market research report also explores the regional market for companion diagnostics present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The companion diagnostics market research report also covers regional markets from the rest of the world alongside companion diagnostics markets of Africa and the Middle East.
Companion Diagnostics Market Competitive Landscape
An increase in demand for customized medicine and the growing demand for tailored treatment are presumed to drive companion diagnostics market growth worldwide. The global companion diagnostics market could be challenged by limited support from governments in certain regional markets, nevertheless, organizations in the companion diagnostics market will carry the growth rate forward. The companion diagnostics market research report presents company profiles of major companies active in the companion diagnostics market globally. Furthermore, the global companion diagnostics market report offers an all-inclusive analysis of the market collected from the companion diagnostics market’s primary and secondary sources covering both decision makers and thought leaders. The companion diagnostics market research report highlights such key areas assisting businesses operating in the companion diagnostics market to build better growth strategies.
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Companion Diagnostics Industry News
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Table of Content
1 EXECUTIVE SUMMARY
1.1 OVERVIEW 18
1.1.1 MARKET SYNOPSIS 18
2 MARKET INTRODUCTION
2.1 SCOPE OF THE STUDY 19
2.2 RESEARCH OBJECTIVE 19
2.3 LIST OF ASSUMPTIONS 19
3 RESEARCH METHODOLOGY
3.1 OVERVIEW 21
3.2 DATA MINING 21
3.3 SECONDARY RESEARCH 22
3.4 PRIMARY RESEARCH 23
3.4.1 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS 23
3.4.2 BREAKDOWN OF PRIMARY RESPONDENTS 24
3.5 FORECASTING TECHNIQUES 25
3.6 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION 26
3.6.1 BOTTOM-UP APPROACH 26
3.6.2 TOP-DOWN APPROACH 27
3.7 DATA TRIANGULATION 27
3.8 VALIDATION 27
4 MARKET DYNAMICS
4.1 OVERVIEW 28
4.2 DRIVERS 29
4.2.1 RISING PREFERENCE OF PERSONALIZED MEDICINE 29
4.2.2 INCREASING COLLABORATION AMONG COMPANIES AND DRUG-DIAGNOSTIC CO-DEVELOPMENT 29
4.2.3 INCREASING PRODUCT APPROVAL BY MAJOR PLAYERS 29
4.3 RESTRAINTS 31
4.3.1 LACK OF REIMBURSEMENT IN DEVELOPING REGIONS 31
4.3.2 LIMITED ADOPTION OF CDX AND PRESENCE OF ALTERNATIVE THERAPIES 31
4.4 OPPORTUNITIES 32
4.4.1 EXPANSION INTO NEWER INDICATION AREAS 32
5 MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES MODEL 33
5.1.1 THREAT OF NEW ENTRANTS 33
5.1.2 BARGAINING POWER OF SUPPLIERS 34
5.1.3 THREAT OF SUBSTITUTES 34
5.1.4 BARGAINING POWER OF BUYERS 34
5.1.5 INTENSITY OF RIVALRY 34
5.2 SUPPLY CHAIN ANALYSIS 35
5.2.1 R&D AND DESIGNING 36
5.2.2 MANUFACTURING 36
5.2.3 DISTRIBUTION 36
5.2.4 MARKETING & SALES 36
5.2.5 POST-SALES MONITORING 36
5.3 IMPACT OF CORONAVIRUS (COVID)-19 36
….TOC Continued…
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