Global Companion Diagnostics Market is Predicted to Grow at a CAGR of 15.4% and is Expected to Reach US$ 12,647.5 Million by 2023

Global Companion Diagnostics Market By Technology, is projected to grow at a CAGR of 15.4% and is expected to reach US$ 12,647.5 million by 2023. In Global Companion Diagnostics Market By Technology, Polymerase Chain Reaction (PCR) accounted for the largest market share in 2016.

Globally, Companion Diagnostics market is dominated by North America region. The global Companion diagnostics market comprises of techniques such as polymerase chain reaction (PCR), In-situ hybridization, and immunohistochemistry. PCR captures maximum market share. However, in-situ hybridization segment is developing and it is expected to grow at the highest growth rate during the forecasted period of 2017 to 2023.

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Companion Diagnostics is the as a bio-analytical method designed for the assessment of the patient to check whether patient responds to a specific medical treatment or not. Companion diagnostics are used to determine which patients are benefited from a certain type of medication or which therapies are best suited for the patients with certain medical conditions. Companion diagnostics involves tests and devices or tools which provide information about the safe and effective use of the specific therapeutic product. It not only provides information about the efficacy of the drugs but also the side effects that are associated with the drug. To control the rising cost of the drug discovery and development for the deadly and chronic diseases, the need for companion diagnostics is increasing; and with the increasing demand for the companion diagnostic tools and techniques, the global market for the companion diagnostics is growing.

Global Companion Diagnostics Market By Technology statistical report published by Market Research future contains a brief overview of market of various technology of companion diagnostics. The report analyzed the Global Companion Diagnostics Market By Technology and present systematic data of market share on the basis of segments and countries, and its growth rate for 2015 & 2016, along with forecast till 2023.

Key Questions Answered In This Report:

What will the market size and what will the growth rate be?

What is driving this market?

What are the key market trends?

What are the challenges to market growth?

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Market Research future through this report aims to provide understanding of the Global Companion Diagnostics Market By Technology on the basis of segments & countries, and also assists identification of ongoing trends along with anticipated growth during the forecasted period. For this report, extensive primary research was conducted to gain a deeper insight of the market performance. Various industry experts and Key Opinion Leaders (KOLs) were contacted and interviewed to get an idea of Global Companion Diagnostics Market By Technology.

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