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Esoteric Testing Market Size Global 2018: The Increasing Prevalence of Chronic Diseases Is Expected to Support the Growth at a CAGR Of 8.6% with Vital Players – Confirms MRFR

05-24-2018 07:49 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Esoteric Testing Market

Esoteric Testing Market

Worldwide Esoteric Testing Market report examines the market position and viewpoint of the market globally, from various angles, such as key players, geological regions, types of product and application. And also cover the other information such as Esoteric Testing Market trends, Top players, chapter-wise Description followed by various user perceptions and Forecast till 2023.

Synopsis of the Global Esoteric Testing Market

The esoteric testing market was valued at USD 1200 million in 2017 and is expected to register a CAGR of 8.6% during the forecast period. The global esoteric testing market is majorly driven by the increasing prevalence of chronic diseases, increasing technical advanced devices, growing awareness of personalized medicine, and growing penetration by market players. Additionally, factors such as increasing government and private funding to support research activities are likely to boost the market growth during the forecast period.

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However, factors such as unfavorable reimbursement scenario may hamper the growth of the market during the assessment period.

Market Segmentation

The global esoteric testing market is segmented on the basis of test type, technology, end-user, and region. Considering the test type, the market is segmented into infectious diseases testing, endocrinology testing, oncology testing, genetic testing, toxicology testing, immunology testing, neurology testing, and others. By technology, the market is segmented into chemiluminescence immunoassay, enzyme-linked immunosorbent assay, mass spectrometry, real-time PCR, flow cytometry, radioimmunoassay, and others. By end-user, the market is segmented into independent and reference laboratories, research laboratories, and others. Based on region the market is segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa.

Competitive Players:

Some of the key players in this market are: Osteogenics Biomedical (U.S), Ergon Sutramed S.P.A. (Italy), Assut Europe S.P.A. (Italy), Ethicon US, LLC. (U.S), Surgical Specialties Corporation (U.S), Shandong Sinorgmed Co.,LTD (China), B. Braun Melsungen AG (Germany), Demetech Corporation (U.S), Hygitech SAS (Paris) and others.

Regional Market Summary:

The American esoteric testing market is segmented into two regions, namely, North America and South America. North Americas, being the largest market, is mainly driven by the increasing number of research activities in healthcare, growing investment in healthcare by major market players, and increasing patient population suffering from chronic diseases. Moreover, established market players in developed countries lead the globalization by pushing new products and services into developing countries and emerging economies. Canada is expected to be the fastest growing market which is driven by the overall increasing demand for cost-effective methods for diagnosis and treatment of chronic diseases. South America is expected to be the fastest growing market due to technologically advanced devices for diagnosis and increasing demand for treatment options of chronic diseases.

European esoteric testing market exhibits a positive growth with an increasing emphasis on research and developmental activities for improvement in diagnosis and treatment methods. Moreover, Germany and the U.K. are the major contributors to the growth of the market. Additionally, increasing expenditure on healthcare by major countries in Europe also accelerates the growth of the market.

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Asia Pacific is expected to be the fastest growing market whose growth is attributed to the increasing burden of chronic diseases and increasing focus on early diagnosis and treatment of rare diseases. Furthermore, other factors contributing to the growth of the market are lifestyle changes, the influence of western culture among adults, and addiction to smoking. Additionally, the increasing environmental pollution and exposure to harmful chemicals also attribute to the growth of the market.

The Middle Eastern and African market for esoteric testing exhibits a steady rise with an increase in the number of healthcare facilities providing treatment of chronic conditions and the flourishing growth of the medical device sector, especially diagnostic devices. In the African region, the awareness about esoteric testing is also fueling the growth of the market.

Segmentations:

The global esoteric testing market is segmented on the basis of test type, technology, end-user, and region. Considering test type, the market is segmented into infectious diseases testing, endocrinology testing, oncology testing, genetic testing, toxicology testing, immunology testing, neurology testing, and others. By technology, the market is segmented into chemiluminescence immunoassay, enzyme-linked immunosorbent assay, mass spectrometry, real-time PCR, flow cytometry, radioimmunoassay, and others. By end-user, the market is segmented into independent and reference laboratories, research laboratories, and others. Based on region the market is segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa.

Market Players:

LabCorp
Quest Diagnostics
Invitae Corporation
Mayo Medical Laboratories
Spectra Laboratories
Opko Health
Miraca Holdings
Foundation Medicine
& more….

Table of Content of Esoteric Testing Market Research Report – Forecast to 2023:

1. Report Prologue

2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

5. Market Factor Analysis

TOC CONTINUED….

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Key Questions Answered In This Report:

What will the market size and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune – 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

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