Esoteric Testing Market 2019-2025 Comprehensive Analysis And Future Estimations by Top Leaders like Sonic Healthcare, Caris Life Science, ACM Global Laboratories, Foundation Medicine, Inc., Miraca Holdings Inc., Agendia, Primary Health Care Limited and Re

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 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.

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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.

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

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.

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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.

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