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Companion Diagnostic Market Growth to register a CAGR of 19.5 % to reach US$ 12,114.6 Million by 2027 | F. Hoffmann-La Roche AG, Agilent Technologies, Inc, QIAGEN N.V, Abbott Laboratories, Inc.

December 8th, 2021 Coherent Market Insights Releases

High prevalence of cancer to augment growth of companion diagnostic market

Market Overview:

Companion diagnostics are advanced tool that is widely used in diagnosis of diseases such as lung cancer, breast cancer, gastric cancer, and neurological diseases. Moreover, it also provide important information of the drug such as whether the drug is effective and safe towards particular treatment in patients.

Competitive Landscape: Hoffmann-La Roche AG, Agilent Technologies, Inc, QIAGEN N.V, Abbott Laboratories, Inc., Almac Group, Danaher Corporation, Illumina, Inc, bioMérieux SA, Myriad Genetics, Inc, Sysmex Corporation, Thermo Fisher Scientific Inc, Abnova Corporation, Guardant Health, Inc., Icon Plc, and Biogenex Laboratories, Inc.

To Get more Business Statergies Request for Sample Report at – https://www.coherentmarketinsights.com/insight/request-sample/109

Key Drivers

Growing prevalence of breast cancer, gastric cancer, lung cancer, and neurological diseases is driving growth of the companion diagnostic market. According to the World Health Organization, in 2020, there were 2.3 million women diagnosed with breast cancer and 685 000 deaths globally. As of the end of 2020, there were 7.8 million women alive who were diagnosed with breast cancer in the past 5 years, making it the world’s most prevalent cancer.

Increasing launch of new product for improving treatment efficiency is again fostering growth of the market. For instance, in 2019, Qiagen N.V announced the launch of therascreen PIk3CA RGQ polymerase chain reaction kit approved by the U.S. Food Drug and Administration, used for identifying the breast cancer patients eligible for treatment with PIQRAY, a therapy developed by Novartis.

To Get Research PDF Brochure Here @ https://www.coherentmarketinsights.com/insight/request-pdf/109

Covid-19 Impact Analysis 

During the COVID-19 pandemic, early diagnosis of the infection has become important in the market, as it can help to find the right treatment for patients impacted by the virus. In order to get the early diagnosis of COVID-19, the polymerase chain reaction (PCR) test has been greatly conducted by using nasopharyngeal swabs or other upper respiratory tract specimens, including throat swabs. Thus, the market of companion diagnostic market has had witnessed strong growth during a pandemic.

Key Takeaways:

  1. The companion diagnostic market is expected to exhibit a CAGR of 19.5 % over the forecast period owing to the high prevalence of cancers such as breast and lung cancers.
  2. North America is expected to gain significant growth over the forecast period owing to the increasing FDA approval in the region. In August 2021, Roche announced U.S. Food and Drug Administration (FDA) approval of the VENTANA MMR RxDx Panel, to personalized healthcare through tests that determine which patients are most likely to benefit from specific and targeted therapies.

To Direct Purchase this Research Report – https://www.coherentmarketinsights.com/insight/buy-now/109

Table Of Contents:

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By Technology
      • Market Snippet, By Region
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Impact Analysis
    • Market Opportunities
    • New Product Launches
    • Mergers and Acquisitions
    • Regulatory Scenario
    • Pest Analysis
    • Porters Five Forces Model
  4. Global Companion Diagnostic Market, Impact of COVID-19 Pandemic
    • Post COVID-19 Impact
    • Implementation diagnosis/testing guidelines
    • Implementation of Testing Guidelines in Case of Companion Diagnostics
  5. Global Companion Diagnostic Market, By Application, 2016–2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
        • Lung Cancer
          • Introduction
          • Market size and forecast, and Y-o-Y Growth, 2020-2027, (US$ Mn)
        • Breast Cancer
          • Introduction
          • Market size and forecast, and Y-o-Y Growth, 2020-2027, (US$ Mn)
        • Colorectal Cancer
          • Introduction
          • Market size and forecast, and Y-o-Y Growth, 2020-2027, (US$ Mn)
        • Gastric Cancer
          • Introduction
          • Market size and forecast, and Y-o-Y Growth, 2020-2027, (US$ Mn)
        • Melanoma
          • Introduction
          • Market size and forecast, and Y-o-Y Growth, 2020-2027, (US$ Mn)
        • Others
          • Introduction
          • Market size and forecast, and Y-o-Y Growth, 2020-2027, (US$ Mn)
        • Cardiovascular Disease
          • Introduction
          • Market size and forecast, and Y-o-Y Growth, 2020-2027, (US$ Mn)
        • Neurological Disease
          • Introduction
          • Market size and forecast, and Y-o-Y Growth, 2020-2027, (US$ Mn)
        • Others
          • Introduction
          • Market size and forecast, and Y-o-Y Growth, 2020-2027, (US$ Mn)
  6. Global Companion Diagnostic Market, By Technology, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017– 2027
      • Segment Trends
        • Real Time -Polymerase Chain Reaction ( PVR)
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2020 – 2027, (US$ Mn)
        • Gene Sequencing
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2020 – 2027, (US$ Mn)
        • Fluorescence in- situ Hybridization
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2020 – 2027, (US$ Mn)
        • Others
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2020 – 2027, (US$ Mn)

View Press Release

Other Reports:

Clinical Trial Management System Market – https://www.prnewswire.com/news-releases/clinical-trial-management-system-market-to-reach-us-1-941-4-mn-by-end-of-2027–says-coherent-market-insights-301404343.html

Wearable Medical Devices Market – https://www.prnewswire.com/news-releases/wearable-medical-devices-market-to-grow-us-76-479-8-mn-by-end-of-2028–says-coherent-market-insights-301404417.html

Compounding Pharmacies Market – https://www.prnewswire.com/news-releases/compounding-pharmacies-market-to-grow-us-14-116-4-mn-by-end-of-2028–says-coherent-market-insights-301418628.html?tc=eml_cleartime

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

Contact US:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

 

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