Esoteric Testing Market Outlook to 2025 - Laboratory Corporation of America Holdings, Sonic Healthcare, Caris Life Science, Quest Diagnostics Incorporated, ACM Global Laboratories, Foundation Medicine, Miraca Holdings, Agendia, Primary Health Care Limited

The Esoteric Testing Market research study involved the extensive use of both primary and secondary sources. The Esoteric Testing Market research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.

The global esoteric testing market is expected to reach US$ 45,081.6 Mn in 2025 from US$ 19,868.2 in 2017. The market is estimated to grow with a CAGR of 11.7% from 2018-2025.

The top 10 industry players operating in the market of esoteric testing across the globe includes Quest Diagnostics Incorporated, Laboratory Corporation of America Holdings, Sonic Healthcare, Caris Life Science, ACM Global Laboratories, Foundation Medicine, Inc., Miraca Holdings Inc., Agendia, Primary Health Care Limited and Rennova.

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The “Esoteric Testing Market to 2025 - Global Analysis and Forecasts by Technology (Chemiluminescence Immunoassay, Real-Time PCR, Flow Cytometry, Mass Spectrometry, Enzyme-Linked Immunosorbent Assay and Others), Test Type (Infectious Diseases Testing, Oncology Testing, Genetic Testing, Neurology Testing, Endocrinology Testing, Toxicology Testing and Others), End User (Hospital Laboratories, and Independent & Reference Laboratories) and Geography”. The scope of study involves understanding on the factors responsible for this growth of Esoteric Testing Market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant pumps players in the market and their key developments.

For instance, in August, 2018, Sonic Healthcare, signed an agreement with ProMedica Health System to form a joint venture to enhance laboratory services for patients and healthcare providers throughout Ohio, Michigan, and parts of Indiana. Therefore such developments done by the companies are likely to propel the growth of the esoteric testing market in the coming near future.

Esoteric testing market is segmented by technology, test type, and end user. Global esoteric testing market, based on technology was segmented into chemiluminescence immunoassay, real-time PCR, flow cytometry, mass spectrometry, enzyme-linked immunosorbent assay and others. Global esoteric testing market, based on the test type was segmented into infectious diseases testing, oncology testing, genetic testing, neurology testing, endocrinology testing, toxicology testing and others. The end users segment for the esoteric testing market is classified as hospital laboratories, and independent & reference laboratories.

The esoteric testing is defined as the analysis of the unique or the niche assay that are not performed routinely in the clinical laboratories are known as esoteric testing. The esoteric tests requires the specialized personnel as these tests are performed using the radioimmunoassay (RIA) technique which is expensive and time consuming. The report would be of an interest to various stakeholders operating in the esoteric testing market. These stakeholders include Independent/reference laboratories, clinical laboratory testing service providers, diagnostic companies, healthcare service providers, medical institutes and others.

The objective of the study is to describe, define, and forecast the esoteric testing market by technology, test type, end user and region. The report also provide detailed information regarding the major factors influencing growth of the market (drivers, restraints, opportunities, and trends). The report helps to analyze market with respect to individual growth trends, prospects, and contributions to the overall market.

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The report analyzes factors affecting esoteric testing market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions. The report also includes the profiles of key genomics manufacturing companies along with their SWOT analysis and market strategies.

Chemiluminescence Immunoassay Segment is Anticipating to Grow The Market for Esoteric Testing Over The Forecast Period.

According to a new market research study titled ‘Esoteric Testing Market to 2025 – Global Analysis and Forecasts by Technology, Test Type, and End User’. The global esoteric testing market is expected to reach US$ 45,081.6 Mn in 2025 from US$ 19,868.2 in 2017. The market is estimated to grow with a CAGR of 11.7% from 2018-2025. The report highlights the trends prevalent in the global esoteric testing market and the factors driving the market along with those that act as deterrents to its growth.

Global esoteric testing market, based on technology was segmented into chemiluminescence immunoassay, real-time PCR, flow cytometry, mass spectrometry, enzyme-linked immunosorbent assay and others. In 2017, chemiluminescence immunoassay segment held the largest share of the market, by technology. Moreover, the chemiluminescence immunoassay segment held the largest share of the market owing to the advantages given by the tests which include wide dynamic range, high signal intensity, absence of interfering emissions (high specificity), rapid acquisition of the analytical signal, high stability of reagents and their conjugates, low consumption of reagents, random access, reduced incubation time and full compatibility with immunology assay protocols. However, the enzyme-linked immunosorbent assay segment is expected to grow at the fastest rate during the coming years.

The market for esoteric testing is expected to grow due to the increasing geriatric population & associated growth in chronic diseases, growing awareness regarding early detection using specific diagnostic tests and the rising prevalence of infectious diseases are likely to drive the market in the coming future. In addition, the growing awareness of personalized medicine is likely to have a positive impact on the growth of the market in the coming near future.

The major players operating in the genomics market include Quest Diagnostics Incorporated, Laboratory Corporation of America Holdings, Sonic Healthcare, Caris Life Science, ACM Global Laboratories, Foundation Medicine, Inc., Miraca Holdings Inc., Agendia, Primary Health Care Limited and Rennova. For instance, in March, 2018, Agendia Announces CE Mark for NGS-Based MammaPrint BluePrint Kit for Breast Cancer Patients in Europe.

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The report segments the global esoteric testing market as follows:

Global Esoteric Testing Market – By Technology

Chemiluminescence Immunoassay
Real time PCR
Flow Cytometry
Mass Spectrometry
Enzyme-Linked Immunosorbent Assay
Others

Global Esoteric Testing Market – By Test Type

Infectious Diseases Testing
Oncology Testing
Genetic Testing
Neurology Testing
Endocrinology Testing
Others

Global Esoteric Testing Market – By End User

Hospitals Laboratories
Independent & Reference Laboratories

Global Esoteric Testing Market – By Geography

North America
U.S.
Canada
Mexico

Europe
U.K.
Germany
France

Asia Pacific (APAC)
Japan
China
India

Middle East & Africa (MEA)
South Africa
UAE
Saudi Arabia

South & Central America (SCAM)
Brazil

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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the esoteric testing market.

-Highlights key business priorities in order to assist companies to realign their business strategies.

-The key findings and recommendations highlight crucial progressive industry trends in the global esoteric testing market, thereby allowing players across the value chain to develop effective long-term strategies.

-Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

-Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

-Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution

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