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Worldwide Companion Diagnostics Market | Top Key Players are Abbott , Agilent Technologies , ARUP Laboratories , F. Hoffmann-La Roche AG., Myriad Genetics Inc., QIAGEN N.V

02-16-2018 10:38 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Worldwide Companion Diagnostics Market | Top Key Players

Market research future published a cooked research report on global companion diagnostics market. Companion Diagnostics Market: Rising Demand For Molecular and Companion Diagnostic Testing Drive The Market Growth

The global companion diagnostics market is expected to show steady growth owing to the demand for new diagnostics tests and devices for cancer and other life threatening diseases. Furthermore, growing emphasis on early diagnosis and treatment of cancer may lead an increase in the demand for diagnostic services in developing countries.

On the other hand, there are some hindering factors which are restricting the market growth. Incorrect results from the test can lead to the inadequate treatment being given to the patient leading to the serious complications and adverse effects. The inaccuracy in the test increases the risk factor for the patients and it somehow hinders the growth of the market. Furthermore, high cost of robust diagnostic devices such as PCR machine may restrain the market growth.

According to the American Cancer Society, prostate cancer is the most common cancer among males (19%), followed by lung (14%) and colorectal (9%) cancers and among females, breast (30%), lung (12%), and colorectal (8%) cancers are the most common. Furthermore, the market is expected to grow in Asia Pacific due to an increase in the burden for cancer in this region.

The global market for companion diagnostic is growing rapidly and expected to grow at a CAGR of 6.1% during the forecast period.

Get a sample report at https://www.marketresearchfuture.com/sample_request/3077 .

Global Companion diagnostics Market Players:

The major participants of this market are Abbott (U.S.), Agilent Technologies (U.S.), ARUP Laboratories (U.S.), F. Hoffmann-La Roche AG. (Germany), Myriad Genetics Inc. (U.S.), QIAGEN N.V. (Germany), and Thermo Fisher Scientific Inc. (U.S.).

Regional Analysis:

The global companion diagnostics market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa

America holds largest market for companion diagnostics market. In Americas, North America is the major contributor to the companion diagnostics market owing to an expensive use of advanced diagnostics devices and alarming need for cancer diagnosis and treatment.

Europe is the second largest market after Americas owing to the growth of new technologies for cancer diagnostics in Europe, rising demand for efficiency in healthcare and strengthening healthcare system. Germany is the largest market in Europe followed by U.K.

Asia Pacific market is expected to be the fastest growing market for companion diagnostics due to continuous developments in developing countries such as India and China, and increasing healthcare expenditure in these countries. Rising prevalence of lifestyle disease such as diabetes, obesity and cancers also boost the market growth in Asia Pacific.

Middle East & Africa are expected to have a limited but steady growth owing to low healthcare expenditure and demand for primary healthcare services in this region.

Segmentation:

The global companion diagnostics market has been segmented on the basis of technology which comprises of Polymerase Chain Reaction (PCR), In-situ hybridization, and immunohistochemistry. On the basis of application, market is segmented into cancer, infectious diseases, cardiovascular diseases, CNS diseases, and others. On the basis of end user, market is segmented into pharmaceutical & biotech companies, clinical laboratories, CRO, and other.

Browse Complete Report at https://www.marketresearchfuture.com/reports/companion-diagnostic-market-3077 .

Key Finding

The companion diagnostics global market and is expected to reach USD 12,647.5 million by 2023
PCR based companion diagnostics holds the largest share of 53% of the market
America holds the largest market share of companion diagnostics market in 2016 and is anticipated to reach USD 5093.2 million by the end of forecast period
Asia Pacific the fastest growing region and expected to grow at the rate of 16% during the forecast period
The global companion diagnostics market has been segmented on the basis of technology which comprises of Polymerase chain reaction (PCR), In-situ hybridization, and immunohistochemistry. On the basis of application, market is segmented into cancer, infectious diseases, cardiovascular diseases, CNS diseases, and others. On the basis of end user, market is segmented into pharmaceutical & biotech companies, clinical laboratories, CRO, and other.

About us

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Market Research Future

P: +1 646 845 9312

W: www.marketresearchfuture.com

sales@marketresearchfuture.com

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