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Esoteric Testing Market Analysis 2023: Market Growth Rate, Competitive Landscape And Top Opportunities
Esoteric Testing
The Business Research Company's Esoteric Testing Global Market Report 2023 identifies infectious diseases as the major driver for the Esoteric Testing market's growth in the forecast period. Infectious diseases are caused by infectious pathogens such as bacteria and viruses, migration, travel, and environmental changes. Esoteric testing involves advanced technology, such as nucleic acid technology, which can detect the genetic material of infectious agents. This can provide more accurate and sensitive results than traditional methods such as microbiological culture.
The global esoteric testing market is expected to grow from $26.10 billion in 2022 to $29.24 billion in 2023 at a compound annual growth rate (CAGR) of 12%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The esoteric testing market is expected to reach $45.6 billion in 2027 at a CAGR of 11.8%.
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Major competitors in the Esoteric Testing market are LabCorp Holdings, Quest Diagnostics Inc., Eurofins Scientific SE, Sonic Healthcare Limited, Miraca Holdings Inc.
A key trend in the Esoteric Testing market includes technological advancement. Major companies operating in the esoteric testing market are developing innovative products based on advanced technologies to sustain their position in the market. For instance, in January 2021, OPKO Health Company, a US-based diagnostics and pharmaceuticals company, launched the Scarlet Health digital platform.
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The Esoteric Testing market is segmented -
• By Type: Infectious Diseases Testing, Endocrinology Testing, Oncology Testing, Genetics Testing, Toxicology Testing, Immunology Testing, Neurology Testing, Other Testing
• By Technology: Chemiluminescence Immunoassay, Enzyme-Linked Immunosorbent Assay, Mass Spectrometry, Real-Time PCR, DNA (Deoxyribonucleic Acid) Sequencing, Flow Cytometry, Other Technologies
• By End User: Independent And Reference Laboratories, Hospital-Based Laboratories
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Esoteric Testing market.
The Business Research Company's "Global Esoteric Testing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Esoteric Testing Market Include:
1. Executive Summary
2. Esoteric Testing Market Characteristics
3. Esoteric Testing Market Trends And Strategies
4. Esoteric Testing Market - Macro Economic Scenario
5. Global Esoteric Testing Market Drivers and Restraints
……
32. Global Esoteric Testing Market Competitive Benchmarking
33. Global Esoteric Testing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Esoteric Testing Market
35. Esoteric Testing Market Future Outlook and Potential Analysis
36. Appendix
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