Esoteric Testing Market Key Players are Quest Diagnostics, Genomic Health, ARUP Laboratories, OPKO Health, Inc., Myriad Genetics, Invitae, ACM Global Laboratories, Fulgent Genetics, Mayo Medical Laboratories, Miraca Holdings Inc.

IDbyDNA’s recent collaboration with Arup Laboratories marks the continuity of the successful growth path carved out by esoteric testing market over the last few years. With this partnership, both the companies aim to collectively develop and commercialize next-generation sequencing infectious disease tests that are relatively more accurate and comprehensive than their conventional counterparts. The initiative is also expected to combine laboratory medication with sophisticated science and genomics and bring forth the advantages of precision medicine to infectious diseases, thereby eventually strengthening the position of both companies in global esoteric testing industry.

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A vital sub-sphere of the clinical testing spectrum, esoteric testing market has been gaining massive prominence of late. This is evidenced by the valuation of this business space in 2017 – the industry stood at an appreciable USD 19 billion then. Basically inclusive of molecular analysis that is not carried out in routine clinical testing, esoteric tests are often outsourced by large commercial labs to reference labs, for the sake of clarity and convenience. Lately, a massive surge has been observed in the outsourcing framework, which is a positive indicator of esoteric testing industry expansion.

It needs to be noted that these tests are customized and are ordered only in the event when a patient or the physician feels the requirement of additional information related to the disease, perhaps to diagnose a disease, decide the course of treatment, monitor a therapeutic regime, or decide a prognosis. Esoteric testing market is characterized by the requirement of a highly skilled workforce and sophisticated instruments, owing to which these tests are outsourced to specialized laboratories. With the increased prevalence of diseases related to the fields of immunology, genetics, oncology, toxicology, endocrinology, microbiology, serology, and molecular diagnostics, the demand for esoteric testing has shot up by quite a few notches lately.

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It is noteworthy to mention that esoteric testing industry is highly controlled by regulatory bodies, owing to the delicate, sensitive nature of the tests. One of the key medical disciplines for which esoteric testing market is experiencing profound demand is that of infectious diseases and immunology. As per estimates, this segment accounted for 28% of the industry share in 2017, primarily on account of the high prevalence of infectious diseases coupled with high demand for advanced molecular tests. As the demand and availability of immunology laboratory services for every medical specialty increases, esoteric testing industry size will observe a positive growth from the infectious diseases and immunology segment over 2018-2024.

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