openPR Logo
Press release

Companion Diagnostics Market - Easing of Regulatory Policies to Drive Global Demand for Companion Diagnostics

02-04-2018 01:44 PM CET | Health & Medicine

Press release from: Transparency Market Research

Companion Diagnostics Market - Easing of Regulatory Policies

Companion diagnostics include two types of tests namely tests which are developed along with target drugs and the other developed after the commercialization of drugs. Companion diagnostics combined with targeted therapeutics are being seen as a major breakthrough in the personalized medicine field. Companies operating in the companion diagnostics market are seeking an effective growth strategy in the development of this concept drug-diagnostic interaction as the healthcare sector is shifting its focus towards personalized medicine.

Report Overview @ https://www.transparencymarketresearch.com/companion-diagnostics-market.html

According to TMR analyst, the implementation of well-structured regulatory policies will help in the development of effective companion diagnostics leading to a growth in the market. As a result of the FDA guideline in the U.S. regarding the approval of targeted therapeutic along with its companion drug, two targeted therapeutics, one of Abbott Laboratories and the other of Roche Holdings, were approve along the line. Currently, various regulatory agencies around the world are in support for the use of companion diagnostics for the development and commercialization of prescription drugs used in targeted therapeutics. Thus, the change in regulatory policies is expected to boost the adoption of companion diagnostics globally.

As the companion diagnostics field is still in its infancy, the opinions of various institutions, organizations, societies, and groups have a deep impact on the acceptance of these diagnostics.

Request for Sample Copy of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=387

The opinions and reviews of clinical societies and advocacy groups are likely to influence the end users leading to hampering the sales and acceptance of companion diagnostics. However, many clinical societies and advocacy groups also promote the use and acceptance of these tests.

The expansion of companion diagnostics into new areas such as oncology, CNS disorders, infectious diseases, and metabolism disorders has provided the companies of companion diagnostics with new growth opportunities. Different pharmaceutical and diagnostics companies are investing in the development of companion drugs and due to the expansion in the application scope, these companies are expected to gain substantial growth opportunities.

Download Report Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=387

The global companion drugs market is expected to grow at 18.1% CAGR from 2013 to 2019 to reach US$5.58 bn by 2019. The market was worth US$2.80 bn in 2015. North America is projected to dominate the market until 2019 with a market worth US$2.18 bn, followed by Europe. The breast cancer companion diagnostic segment is estimated to lead the global market in terms of indication by 2019 with a market worth US$2,531.4 mn.

Due to the dominance of the top three players in the global companion diagnostics market, the nature of the market is highly oligopolistic, says Transparency Market Research in a new study. The leading companies operating in the market are focusing on protecting their patent rights to retain exclusivity. The top three companies in the companion diagnostics market are Roche Holdings followed by Qiagen N.V., and Agilent Technologies. Together they comprise approximately 80.4% of the overall global market in 2012.

Purchase this Report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=387

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

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 Companion Diagnostics Market - Easing of Regulatory Policies to Drive Global Demand for Companion Diagnostics here

News-ID: 929904 • Views:

More Releases from Transparency Market Research

Detergents Market Thrives: From US$ 120.7 Billion in 2021 to US$ 176.3 Billion by 2031, Driven by Demand for Sustainable Cleaning Solutions
Detergents Market Thrives: From US$ 120.7 Billion in 2021 to US$ 176.3 Billion b …
The global detergents market, valued at US$ 120.7 billion in 2021, is projected to reach US$ 176.3 billion by 2031, driven by a compound annual growth rate (CAGR) of 4.3% from 2022 to 2031. Detergents, essential for household, industrial, and institutional cleaning, are experiencing increased demand due to rising hygiene awareness and sustainable product trends. This article explores the market dynamics, key drivers, challenges, and future opportunities shaping the detergents
Medical Composites Market Surges: From US$ 288.7 Million in 2021 to US$ 500 Million by 2030, Driven by Demand in Orthopedics and Implants
Medical Composites Market Surges: From US$ 288.7 Million in 2021 to US$ 500 Mill …
The global medical composites market, valued at US$ 288.7 million in 2021, is projected to reach US$ 500 million by 2030, driven by a robust compound annual growth rate (CAGR) of 9% from 2022 to 2030. Medical composites, advanced materials combining polymers, fibers, and fillers, are critical for applications in orthopedics, implants, and diagnostic equipment due to their strength, lightweight properties, and biocompatibility. This article explores the market dynamics, key
Magnetometer Market Set to Grow Exponentially, Projected to Hit USD 5.5 Billion by 2031
Magnetometer Market Set to Grow Exponentially, Projected to Hit USD 5.5 Billion …
The global Magnetometer Market is experiencing substantial growth, fueled by the rising demand for accurate magnetic field measurement technologies across a wide range of industries. Magnetometers play a critical role in detecting and measuring magnetic fields, with key applications in aerospace, defense, automotive, geophysical exploration, and consumer electronics. Market growth is being driven by increased investments in space missions, the rising need for high-precision navigation systems, and ongoing advancements in
Global Mining Explosives Market Grows: Poised to Reach US$ 32.69 Billion by 2031, Driven by Demand in Mining and Infrastructure Development
Global Mining Explosives Market Grows: Poised to Reach US$ 32.69 Billion by 2031 …
The global mining explosives market is projected to reach US$ 32.69 billion by 2031, driven by a compound annual growth rate (CAGR) of 3.1% from 2021 to 2031. Mining explosives, critical for blasting operations in mining and quarrying, are essential for extracting minerals, metals, and aggregates. This article explores the market dynamics, key drivers, challenges, and future opportunities shaping the mining explosives market through 2031, highlighting its vital role in

All 5 Releases


More Releases for Companion

Companion Animal Drugs - Key Market Statistics
Companion animals are pets kept primarily for company, entertainment, and safety. Owners of companion animals consider them to be family, friends, and confidants. Dogs, cats, birds, rabbits, horses, goats, gerbils, rats, mice, and amphibians, others are considered as companion animals. Read Report Overview - https://www.transparencymarketresearch.com/companion-animal-specialty-drugs-market.html According to the American Society for the Prevention of Cruelty to Animals (ASPCA) defines companion animal to be domesticated or domestically-bred whose emotional, physical, social, and behavioral
Companion Animal Vaccine – Improving The Health Of Companion Animals In A Cost …
The companion animal vaccines market is expected to witness significant growth during the forecast period due to launch of vaccines for companion animals. For instance, in December 2017, Zoetis Inc. announced the launch of Vanguard CIV H3N2/H3N8, the latest vaccine in the company’s canine influenza virus (CIV) portfolio. The new bivalent vaccine helps protect dogs against the two strains of the virus known to be circulating in the U.S. Moreover, the
Global Companion Diagnostics Market
The Global Companion Diagnostics (CDx) Market was valued at US$ 1,614.5 million in 2015 and is projected to expand at a CAGR of 12.0% during the forecast period (2016–2024), as highlighted in a new report published by Coherent Market Insights. Development of multiple biomarkers and targeted drug therapy is boosting research and development collaboration among the industry players. This is expected to improve the time to market for companion diagnostic (CDx) test
Global Companion Diagnostics – Growth Companion for Personalized Medicine
Companion Diagnostics: Growth Companion for Personalized Medicine Personalized medicine is the new segment in discussion among healthcare experts around the globe. Also, encouragement from the regulatory bodies such as the FDA and EMEA in erms of providing a defined structure for companion diagnostic development is driving research activities in personalized medicine. Diagnosis at molecular level for each individual is of prime importance to identify the target biomarker before deciding the therapy.
Companion diagnostics Market: Companion diagnostic are used to determine patient …
The few companion diagnostics are already available in the market for specific types of cancer and many are already under clinical development. Companion diagnostics test depends on finding a specific biomarker in the patient and hence biomarker presence or absence determines whether or not the patient will respond to the treatment. This test require a biopsied tissue to access the expression of biomarker protein or mutant or aberrant genes. Companion
Companion Diagnostics Market - Easing of Regulatory Policies to Drive Global Dem …
Due to the dominance of the top three players in the global companion diagnostics market, the nature of the market is highly oligopolistic, says Transparency Market Research in a new study. The leading companies operating in the market are focusing on protecting their patent rights to retain exclusivity. The top three companies in the companion diagnostics market are Roche Holdings followed by Qiagen N.V., and Agilent Technologies. Together they comprise