Press release
What's driving the Esoteric Testing Market growth? Key Players are: Quest Diagnostics, Arup Laboratories, Fulgent Genetics, Invitae, Mayo Medical Laboratories, Myriad Genetics, Opko Health, Nordic Laboratories, Miraca Holdings, Genomic Health, BioMONTR, A
Growing geriatric population, more likely to suffer from chronic diseases coupled with rising prevalence of rare and complex diseases will act as high impacting growth factor for esoteric testing market.
Oncology esoteric testing market is anticipated to witness around 11.2% CAGR during the forecast period. Rising incidence of cancer coupled with growing awareness about the disease and early detection will drive segment growth. Frequent introduction of new tests such as BRCAvantage, by Quest Diagnostics developed for Hereditary Breast and Ovarian Cancer (HBOC) syndrome patients, who are at high risk of suffering from cancer will positively impact industry growth.
Request a sample of this premium report titled at https://www.marketstudyreport.com/request-a-sample/496342/?utm_source=openpr-VHS
Increasing demand for proteomics and genomics, rising awareness about early disease detection and growing demand for advanced molecular tests will stimulate demand for esoteric tests over the forecast period. However, stringent regulations pertaining to esoteric tests leading to increased burden on laboratories as well as delaying introduction of new tests in the market will hinder market growth over the coming years.
Sophistication of clinical laboratories leading to high adoption of modern technologies including mass spectrometry and real time-PCR will positively impact industry growth. Rising prevalence of infectious diseases coupled with growing adoption of unhealthy diet and sedentary lifestyle resulting in high incidence of chronic ailments in developing countries such as India and China will further boost industry growth.
Growing application of mass spectrometry in toxicology screening, endocrinology, Vitamin D testing and therapeutic drug monitoring will drive mass spectrometry esoteric technology market during the forecast period to account for nearly 18% market share by 2025. High preference to mass spectrometry in comparison to other available technologies in the market will positively impact business growth.
U.S. esoteric testing market held nearly 35% of total regional share in 2018 due to increasing incidence of rare diseases and technological advancements in field of medical research in the country. Initiatives such as 21st Century Cures Act and Obama?s Precision Medicine Initiative will favor industry growth.
Request a discount on standard prices of this premium report titled at https://www.marketstudyreport.com/check-for-discount/496342/?utm_source=openpr-VHS
Large patient population base suffering from chronic conditions, increasing number of baby boomers and numerous initiatives undertaken by government to develop effective solutions to treat rare diseases will drive Japan esoteric testing market over the forecast timeframe to reach over USD 3.5 billion by 2025. In 2015, Japan Agency for Medical Research and Development in collaboration with Japanese universal healthcare system and Nan-Byo researchers launched an initiative on Rare and Undiagnosed Diseases (IRUD), that will favor esoteric testing market growth in the country.
Some of the notable industry players are Quest Diagnostics, Nordic Laboratories, Miraca Holdings, Laboratory Corporation of America, Genomic Health, BioMONTR, American Esoteric Laboratories (AEL), ACM Global Laboratories, Arup Laboratories, Fulgent Genetics, Invitae, Mayo Medical Laboratories, Myriad Genetics, and Opko Health.
Prominent industry players such as Laboratory Corporation of America (LabCorp), Opko and Quest Diagnostics are focusing towards strengthening their business portfolio by adopting various strategies such as acquisition, partnership and collaboration. For instance, LabCorp diversified its business portfolio due to acquisition of Covance in February 2015, While Quest accelerated its growth through acquiring and collaborating with hospital laboratories.
Report Content
Chapter 1. Methodology
1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary
Chapter 2. Executive Summary
2.1. Esoteric testing industry 360 degree synopsis, 2014 - 2025
2.1.1. Business trends
2.1.2. Test type trends
2.1.3. Technology trends
2.1.4. Regional trends
Chapter 3. Esoteric Testing Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 - 2025
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.2. Industry pitfalls & challenges
3.4. Growth potential analysis
3.4.1. By test type
3.4.2. By technology
3.5. Types of business models
3.5.1. Mobile lab services
3.5.2. Full service diagnostics
3.5.3. Reference/ Consulting Services
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Porter's analysis
3.8. Competitive landscape, 2017
3.8.1. Company market share analysis
3.8.2. Strategy dashboard
3.9. PESTEL analysis
Chapter 4. Esoteric Testing Market, By Test Type
4.1. Key segment trends
4.2. Endocrinology
4.2.1. Market estimates and forecast, by region, 2014 - 2025
4.3. Infectious disease & immunology
4.3.1. Market estimates and forecast, by region, 2014 - 2025
4.4. Oncology
4.4.1. Market estimates and forecast, by region, 2014 - 2025
4.5. Toxicology
4.5.1. Market estimates and forecast, by region, 2014 - 2025
4.6. Neurology
4.6.1. Market estimates and forecast, by region, 2014 - 2025
4.7. Genomics
4.7.1. Market estimates and forecast, by region, 2014 - 2025
4.8. Others
4.8.1. Market estimates and forecast, by region, 2014 - 2025
Complete report titled at https://www.marketstudyreport.com/reports/esoteric-testing-market
Contact Us:
Market Study Report
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog
About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
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 What's driving the Esoteric Testing Market growth? Key Players are: Quest Diagnostics, Arup Laboratories, Fulgent Genetics, Invitae, Mayo Medical Laboratories, Myriad Genetics, Opko Health, Nordic Laboratories, Miraca Holdings, Genomic Health, BioMONTR, A here
News-ID: 1772166 • Views: …
More Releases from marketstudyreport.com
Load Bank Market Growth Prospectus by 2028 - Business Opportunities by ASCO Powe …
A concise assortment of data on the 'Load Bank Market' offers an exhaustive study targeting current market trends influencing the business across assorted regions. Significant details related to market size, market share, applications, and statistics are put together to convey an ensemble prediction of the industry. The research further focuses on comprehensive competitor analysis in addition to highlighting growth strategies embraced by market leaders.
Load Bank Market Size was estimated…
Agriculture Equipment Market is Expected to Reach USD 161640 Million by 2028 - J …
Global Agriculture Equipment Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of the market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
Global Agriculture Equipment Market Size was estimated at USD 114110 million in 2021 and is projected to reach USD 161640 million by 2028, exhibiting a CAGR of…
Electric Vehicle Market Size to grow at a CAGR of 23.5% through 2028| Tesla Inc. …
Global Electric Vehicle Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
The electric vehicles (EVs) market is estimated to witness a robust growth rate of 23.5% during the period 2019-2028.
The operation is done to stop ligament tears and…
Fuel Cell Air Compressor Market is Expected to Reach USD 512.3 Million by 2028 - …
Global Fuel Cell Air Compressor Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
Global Fuel Cell Air Compressor Market Size was estimated at USD 215.1 million in 2021 and is projected to reach USD 512.3 million by 2028, exhibiting…
More Releases for Esoteric
Esoteric Testing Market Statistics and Growth Prediction 2021- American Esoteric …
The Esoteric Testing market is a comprehensive market research report which provides market analysis with a historical & futuristic perspective for the following parameters; market size, revenue, demand, and supply data (as applicable). The report offers detailed market analysis to provide a 360-degree research study on the global Esoteric Testing market. Some of the tools used for this are SWOT, PESTEL and Porter's 5-forces analysis frameworks. The report includes detailed…
Esoteric testing market Statistical Analysis Report| Top Companies: Genomic Heal …
Increasing incidences of rare and complex diseases coupled with growing awareness about early disease diagnosis and treatment will drive esoteric testing market over the forecast period. According to European Commission, nearly 27 to 36 million people suffer from rare disease in European region.
Rapidly improving healthcare sector in developing countries along with rising number of sophisticated laboratories offering advanced services will favour industry growth. Growing number of baby boomers prone to…
Esoteric testing market Statistical Analysis Report 2019| Top Companies: Genomic …
Global Esoteric Testing Market is set to exceed USD 35 billion by 2024; according to a new research report by Global Market Insights.
Increasing prevalence of chronic diseases and infectious diseases in developing countries such as China along with rising geriatric population, highly susceptible to suffer from chronic disorders will drive esoteric testing market over the forecast timeframe. Rising number of people suffering from rare diseases has escalated burden on…
Esoteric testing market Statistical Analysis Report| Top Companies: Genomic Heal …
Increasing incidences of rare and complex diseases coupled with growing awareness about early disease diagnosis and treatment will drive esoteric testing market over the forecast period. According to European Commission, nearly 27 to 36 million people suffer from rare disease in European region.
Rapidly improving healthcare sector in developing countries along with rising number of sophisticated laboratories offering advanced services will favour industry growth. Growing number of baby boomers prone to…
Esoteric testing market Statistical Analysis Report| Top Companies: Genomic Heal …
Increasing incidences of rare and complex diseases coupled with growing awareness about early disease diagnosis and treatment will drive esoteric testing market over the forecast period. According to European Commission, nearly 27 to 36 million people suffer from rare disease in European region.
Rapidly improving healthcare sector in developing countries along with rising number of sophisticated laboratories offering advanced services will favour industry growth. Growing number of baby boomers prone to…
Esoteric testing market Statistical Analysis Report| Top Companies: Genomic Heal …
Increasing incidences of rare and complex diseases coupled with growing awareness about early disease diagnosis and treatment will drive esoteric testing market over the forecast period. According to European Commission, nearly 27 to 36 million people suffer from rare disease in European region.
Rapidly improving healthcare sector in developing countries along with rising number of sophisticated laboratories offering advanced services will favour industry growth. Growing number of baby boomers prone to…
