Oncology Companion Diagnostics Market Opportunities, Challenges, Drivers, and Business Growth Forecast by 2024-2031 - Agilent Technologies, Inc., Illumina, Inc., QIAGEN N.V.

The Oncology Companion Diagnostics Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global Oncology Companion Diagnostics market from 2024 to 2031, and what is the market value expected to change by 2031?

Oncology companion diagnostics market is estimated to reach at a CAGR of 12% during the forecast period (2024-2031).

Oncology companion diagnostics are tests designed to identify specific biomarkers in cancer patients, guiding personalized treatment options. These diagnostics help determine whether a patient is likely to benefit from a particular targeted therapy or immunotherapy. By analyzing genetic mutations, protein expression, and other molecular markers in tumors, companion diagnostics can provide insights into the most effective therapeutic approach. This ensures that cancer treatments are tailored to an individual's genetic profile, improving efficacy and reducing unnecessary side effects. The increasing use of companion diagnostics is transforming precision medicine in oncology.

Key Developments:

❁ On May 21, 2021, the Guardant360 CDx liquid biopsy test received approval from the United States Food and Drug Administration (FDA) as the first and only companion diagnostic for Janssen Biotech, Inc.'s RYBREVANT™ (amivantamab). This test is designed to detect specific genetic mutations in non-small cell lung cancer (NSCLC) patients, identifying those who are most likely to benefit from treatment with RYBREVANT™, a drug that targets epidermal growth factor receptor (EGFR) and mesenchymal-epithelial transition factor (MET) mutations. The approval marks a significant step in personalized cancer treatment, allowing for more tailored and effective therapeutic approaches based on individual genetic profiles.

List of the Key Players in the Oncology Companion Diagnostics Market:

Agilent Technologies, Inc., Illumina, Inc., QIAGEN N.V., Thermo Fisher Scientific, Inc., F. Hoffmann-La Roche Ltd., ARUP Laboratories, Abbott, Myriad Genetics, Inc., bioMérieux SA, Invivoscribe, Inc., Pillar Biosciences, Inc.

Research Process:

Both primary and secondary data sources have been used in the global Oncology Companion Diagnostics Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Oncology Companion Diagnostics Market:

By Product: Instrument, Consumables, Software.

By Technology: Immunohistochemistry (IHC), Polymerase Chain Reaction (PCR), Next-Generation Sequencing (NGS), In situ hybridization (ISH)/Fluorescence in situ hybridization (FISH), Other.

By End User: Hospital, Diagnostic Laboratory, Other.

Regional Breakout:

The global Oncology Companion Diagnostics Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

✫ North America (U.S., Canada, Mexico)

✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

✫ South America (Colombia, Brazil, Argentina, Rest of South America)

✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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This Report Unveils:

✔ Go to Market Strategy- A roadmap to successfully product launch or service in the target market.

✔ Gain a clear picture of the market's health and growth trajectory through neutral analysis.

✔ Deep Market Insights delve into development trends, competitor landscape, supply and demand dynamics, brand share & pricing analysis year-over-year growth patterns, and key players' performance.

✔ Upon request, we can provide customized reports focusing on specific regions or countries, offering a granular view of their markets.

✔ Identify high-potential niche segments and regions poised for significant expansion.

✔ Analysis of Market Size (historical and forecast) Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) to understand the market's overall size and your achievable market share.

✔ Gain a comprehensive understanding of the competitive landscape, including market share distribution, key players (innovators, startups, laggards, and pioneers), and their respective strengths and weaknesses.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Oncology Companion Diagnostics manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Oncology Companion Diagnostics in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the Oncology Companion Diagnostics market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the Oncology Companion Diagnostics market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

☞ What is the expected growth rate of the global Oncology Companion Diagnostics market for the forecast period?

☞ What are the key driving factors that are responsible to shape the fate of the Oncology Companion Diagnostics market during the forecast period?

☞ What will be the overall size of the market during the analysis period?

☞ What are the prominent market trends which influence the development of the Oncology Companion Diagnostics market across various regions?

☞ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☞ What are the challenges and threats that are likely to act as a barrier to the growth of the Oncology Companion Diagnostics market?

☞ What are the major opportunities that the companies can get to attain success in the world?

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