openPR Logo
Press release

Companion Diagnostic Technologies Market Focusing On the Trends in Technology and Diagnosis of Various Indications Which Are Driving the Growth

02-06-2019 09:53 AM CET | Health & Medicine

Press release from: Allied Market Research

Companion Diagnostic Technologies Market

Companion Diagnostic Technologies Market

The World Companion Diagnostic Market is expected to reach $ 3.5 billion by 2020 and is expected to grow at an annual CAGR of 20% from 2014 to 2020.
Companion diagnostic (CD) is an in vitro diagnostic technique that provides information about the patient's response to a specific treatment. Companion diagnosis helps identify patients who can benefit from a particular treatment, resulting in better treatment outcomes and lower health care spending. CD can also help identify patient pools that are most responsive to treatment. Therefore, we exclude therapies that are not effective. It also reduces costs by protecting patients from side effects caused by ineffective therapy.

As the incidence of cancer increases and the side effects of drugs and personalized therapies increase, research and development efforts are under way to focus on the development of targeted therapies. The technological advances and discoveries of new biomarkers are also driving the growth of this market. However, coordinating co-diagnosis and therapeutic development is a challenge for this market. Nonetheless, significant investments have been made in the research and development of targeted therapies that require companion diagnostics due to increased cancer, cardiovascular disease, and central nervous system and which may be opportunities for growth in this market.

Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/135

Ten leading companies dealing in companion diagnostics have been profiled and are
• Qiagen
• Dako (Agilent Technologies)
• Roche
• Abbott Laboratories Inc.
• bioMerieux
• Ventana Medical Systems
• Myriad Genetics Inc.
• Leica Microsystems
• Resonance Health Ltd and Life Technologies.

The key strategy followed by majority of the companies is collaborations with pharmaceutical companies for developing companion diagnostics for their pipeline drugs.

The accompanying diagnostic diagnostics market is divided into oncology, cardiovascular, CNS, autoimmune & inflammation, virology and others. Currently, the vast majority of companion diagnostics are developed for cancer, so it is a major revenue generating segment in the entire CD display market. Companion diagnosis has been developed for breast cancer, lung cancer, colorectal cancer, stomach cancer and melanoma.

Companion diagnosis for breast cancer is the most common breast cancer incidence because of the increased incidence of breast cancer and the development of many companion diagnoses to detect HER / neu biomarkers for breast cancer. Currently, there is little or no accompanying diagnosis for cardiovascular disease, central nervous system conditions, inflammation and autoimmune diseases and viral diseases, and most of them are in the development stage. However, as more and more biomarkers are discovered, the development of new companion diagnostics will increase.

Make an Enquiry before Buy @ https://www.alliedmarketresearch.com/purchase-enquiry/135

The technology-specific companion diagnostic market is divided into immunohistochemistry and molecular diagnostics. Molecular diagnostics is the most preferred technology, and next-generation sequencing and real-time PCR are expected to drive growth in this market due to advances in these technologies. The market is followed by North America and Europe due to significant improvements in medical awareness, significant investment in research and development, and an increase in cancer and other disease incidence in the region. However, LAMEA is expected to increase at a significant rate due to the increased incidence of cancer in this region. There is also a growing awareness of medical care in the region. The use of companion diagnostics will therefore continue to increase.

Access Full Summery @ https://www.alliedmarketresearch.com/companion-diagnostic-technologies-market

About Us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Contact:

David Correa

5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States

Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975

help@alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Companion Diagnostic Technologies Market Focusing On the Trends in Technology and Diagnosis of Various Indications Which Are Driving the Growth here

News-ID: 1564124 • Views: 328

More Releases from Allied Market Research

Smart Inhalers Market is Like to Touch $1,406 Million by 2026
Smart Inhalers Market size was valued to be at $34 million in 2018 and is expected to increase during the forecast period to be at $1,406 million by 2026, registering a CAGR of 58.4% from 2019 to 2026. The inhalers segment accounted for more than half of the total market share in 2018. Smart inhalers are the small inhaler devices used for delivering several inhaled medications such as anticholinergics, glucocorticoids, and
Surgical Sutures Market On Position to Reach $5,255 Million by 2022
Surgical Sutures Market size accounted for $3,360 million in 2015, and is expected to reach $5,255 million by 2022, growing at a CAGR of 6.4% from 2016 to 2022. The sutures segment dominated the market in 2015 with more than four-fifths share. Click Here To Access Free Sample Report: https://www.alliedmarketresearch.com/request-sample/1642 Global escalation in the number of hospitals, surge in the adoption of technologically advanced products, and increase in number of surgeries due
Internet of Things in Healthcare Market Like to Cross $332 Billion by 2027
The global internet of things in healthcare market was valued at $113.751 billion in 2019 and is expected to reach $332.672 billion by 2027, registering a CAGR of 13.20% from 2020 to 2027. The internet of things (IoT) is described as a network of physical devices that uses connectivity to enable the exchange of data. The internet of things in healthcare market is gaining popularity in the recent years owing
Breast Imaging Technologies Market Is Expected to Reach $4,502 Million by 2022
Breast Imaging Technologies Market Report, published by Allied Market Research, forecasts that the global breast imaging technologies market is expected to garner $4,502 million by 2022, registering a CAGR of 8.4% during the period 2016-2022.North America and Europe together accounted for over three-fourths market share in 2015. Ionizing breast imaging technology is expected to maintain its lead throughout the forecast period. The market is expected to be driven by the rise

All 5 Releases


More Releases for Companion

Companion Diagnostics Market – Growth , Opportunities and Applications
Companion diagnostics are tests to understand which patient can be benefited from a certain drug or what dosage should be prescribed based upon patient’s clinical diagnosis, which provides evidence required for the successful and harmless use of an equivalent drug or biological product to treat the medical condition. These are medical instruments that support doctors to elect which treatment and dosage should be given to patients personalized to their necessity. Companion
A Smart Companion to your TV
Following HELLO’s very successful Kickstarter campaign (1339% funded), Solaborate is launching the new and improved HELLO 2 on Kickstarter, along with HELLO Touch TV, HELLO Creator Edition and 2 Gadget Extensions. A Smart Companion to your TV HELLO 2, like its predecessor, turns any TV into a video communication and collaboration device. HELLO 2 does everything users love about the original even better with Alexa support, home automation (Zigbee), and Android games,
Global Companion Diagnostics Market
The Global Companion Diagnostics (CDx) Market was valued at US$ 1,614.5 million in 2015 and is projected to expand at a CAGR of 12.0% during the forecast period (2016–2024), as highlighted in a new report published by Coherent Market Insights. Development of multiple biomarkers and targeted drug therapy is boosting research and development collaboration among the industry players. This is expected to improve the time to market for companion diagnostic (CDx) test
Global Farm & Companion Animal Health Market
Veterinary healthcare products include pharmaceuticals, nutrition (feed additives) and devices for both companion and livestock animals. Companion animals include pets such as dogs, cats and horses; although in recent years the market has expanded reasonably for avian pets, reptiles and exotic fish. The healthcare products have transformed the health and quality of life for millions of pets across the world. The greatest challenge of maintaining pets is seeking the keenness
Global Companion Diagnostics Market to Grow Globally
Companion diagnostic (CDx) is a diagnostic tool used to determine the suitability of a drug therapy to the patient. It has become a critical part of targeted cancer therapy that allows for development of personalized therapy can be developed and administered to the patient. Whole blood samples, tissues samples, or buccal samples are collected and tested for diagnosis and identification of targeted disease biomarker. CDx is usually utilized in identifying
Global Companion Diagnostics – Growth Companion for Personalized Medicine
Companion Diagnostics: Growth Companion for Personalized Medicine Personalized medicine is the new segment in discussion among healthcare experts around the globe. Also, encouragement from the regulatory bodies such as the FDA and EMEA in erms of providing a defined structure for companion diagnostic development is driving research activities in personalized medicine. Diagnosis at molecular level for each individual is of prime importance to identify the target biomarker before deciding the therapy.