Companion Diagnostics Market Growth, Trends, and Key Players | Industry Insights 2025 | Abbott Laboratories, Inc., Biomerieux SA, Siemens Healthcare.

The latest report published by DataM Intelligence highlights the growth prospects of Companion Diagnostics market. The industry expansion is majorly driven by developments in technology across the globe.

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The Global Companion Diagnostics Market reached US$ 6.1 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 15.0 billion by 2030. The global companion diagnostics market is expected to exhibit a CAGR of 12.2% during the forecast period (2024-2031).

Companion Diagnostics are tests or tools used alongside specific therapies to help determine the most effective treatment for a patient. These diagnostics help identify patients who will benefit from a particular drug, ensuring personalized treatment plans. By analyzing genetic, molecular, or biomarker data, companion diagnostics optimize therapy, improving patient outcomes and minimizing adverse effects.

Competitive Evaluation:

Companies covered in this report are F. Hoffmann-La Roche Ltd., Agilent Technologies, Inc., Qiagen N.V., Thermo Fisher Scientific, Inc., Abbott Laboratories, Inc., Biomerieux SA, Siemens Healthcare, Thermo Fisher Scientific Inc., Danaher Corporation (Beckman Coulter Inc.), Guardant Health and Illumina Inc and others.

The Companion Diagnostics Market analysis identifies a number of major market players. It enables companies to understand the strategies and partnerships used by other industry players to combat market competition. The comprehensive market report provides a fascinating microscopic look at the market. Corporations can detect the footprints of manufacturers by learning about demand, the global price of manufacturers, and the global benefit of manufacturing companies.

Key Development

On February 10, 2022, Genetron Holdings Limited, a leading precision oncology platform company in China, entered into a collaboration agreement with HUTCHMED (China) Limited. The partnership focuses on the joint development of a companion diagnostic (CDx) test for ORPATHYS (savolitinib), a cancer treatment, specifically in the Chinese market. This collaboration aims to enhance the personalized treatment approach for patients using savolitinib by ensuring precise molecular profiling.

On January 13, 2022, Amoy Diagnostics Co., Ltd., in collaboration with PREMIA Holdings (HK) Limited, launched the AmoyDx Pan Lung Cancer PCR Panel (PLC Panel) in Japan. The PLC Panel, a reimbursed companion diagnostic for multiple anti-cancer agents, is designed to aid in the identification of molecular markers for lung cancer, thereby facilitating more personalized and effective treatment options for patients.

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Companion Diagnostics Market Segments

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviors.

By Product & Services: Assays, Kits & Reagents, Software & Services.

By Technology: Immunohistochemistry (IHC), Polymerase Chain Reaction (PCR), In-situ Hybridization (ISH), Next-Generation Sequencing, Others.

By Indication: Cardiovascular, Neurological Diseases, Cancer, Inflammation and Autoimmune Diseases, Others.

By End-User: Pharmaceutical and Biopharmaceutical Companies, Contract Research Organizations, Others.

Regional Assessment:

Regional analysis includes segmentation based on the geography that accentuates the recent and future demand for Companion Diagnostics market across North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The study also focuses on the demand for each application segment over all the prominent regions.

⇥ 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)

In terms of geographical analysis, Companion Diagnostics Market report provides an in-depth view of:-

∎ Regional level break-up
∎ Leading growth rates
∎ Countries with the largest market share
∎ Market factors
∎ Latest developments
∎ Industry challenges
∎ Regulatory policies
∎ Player strategies

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This report provides a 360-degree synopsis of the competitive scenario of the Companion Diagnostics industry. It has enormous awareness joined to the ongoing item and technical improvements in the business sector. It has a thorough analysis of the impact of the potential future development of these headways, a wide-ranging review of those extensions available for future growth.

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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