Global Companion Diagnostics Market Outlook 2030
24 Nov 2021
Healthcare & Pharmaceuticals
Impact Analysis on the Growth of Market
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The Research Report is Updated with 2020 Base Year, 2021 Estimated year and Forecast till 2030 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2020 as base year, 2021 as estimated year and forecast to 2030. This will have market drivers, recovery rate in the market, insights and competitive analysis.
" The global companion diagnostics market generated a revenue of USD ~2.5 billion in 2021 and is expected to expand at a compound annual growth rate of ~21% over the period 2022-2030. Companion diagnosis is an in vitro medical device that provides essential information for the safe and effective use of corresponding drugs or biological products. This diagnostic test can help healthcare professionals determine whether a particular treatment product is beneficial to the patient and whether it can overcome potential side effects or serious risks.Due to the increase in the research and development of targeted therapies, the increased awareness of emerging economies for personalized medicine, the discovery of new biomarkers for various diseases, and the increase in the demand for cancer treatment, it is expected that the auxiliary diagnosis market will show signs of Is growing. Promote the growth of the global auxiliary diagnostic market.
COMPANION DIAGNOSTICS MARKET SEGMENTATION:
The global auxiliary diagnosis market is segmented by technology type, indication and region. According to the type of technology, the market is divided into immunohistochemistry, polymerase chain reaction (PCR), next generation sequencing (NGS), in situ hybridization, etc. According to indications, the market is divided into oncology, neurology, etc.Oncology is further subdivided into lung cancer, colorectal cancer, breast cancer, blood cancer, etc. Depending on the region, the market has been studied in North America (the United States, Canada, and Mexico), Europe (Germany, France, the United Kingdom, and the rest of Europe), and the Asia-Pacific region (China, Japan, Australia, and the rest of Asia). Pacific) and LAMEA (Brazil, South Africa and the rest of LAMEA).
MARKET SEGMENT REVIEW :
Based on technology, the PCR segment dominates the global market, and this trend is expected to continue during the forecast period. Some of the key factors driving market growth are profitability, high sensitivity and specificity, which can be used in simple automation platforms. In addition, the sequencing of unknown causes of many diseases can be confirmed by PCR, which is another key factor in this field.
However, the next-generation sequencing segment is expected to grow rapidly during the forecast period, as its key advantages include higher sensitivity for detecting low-frequency variants, shorter response time to large sample sizes, and the ability to perform analysis on hundreds or thousands of genes. At the same time, sequencing or gene regions are waiting, mainly to promote the growth of the market. Oncomine Dx Target Test, FoundationOne CDx, FoundationFocus CDxBRCA Assay, etc. use next-generation sequencing for detection.
According to the signs, the global auxiliary diagnosis market is segmented into oncology, neurology, etc. Currently, the oncology department is the department with the highest revenue and is expected to see significant growth during the forecast period.
Some key factors, such as the high prevalence of cancer, the increase in the number of cancer research and development activities, the increase in the number of unmet needs for cancer treatment, the increase in the number of supplementary diagnostics approved by the FDA, and the increase in patient awareness. The main driving force for personalized medicine is oncology . The growth of the academic field.
Cancer research has identified significant differences in gene sequences and expression patterns, which may be the basis for targeted therapy. In addition, many biomarkers have been identified for different cancers and supplementary diagnoses have been made for these cancers. Supplementary diagnosis is widely used in different forms of cancer, such as lung cancer, colorectal cancer, breast cancer, and blood cancer, which are the main causes of death. The market share of breast cancer assisted diagnosis is higher because there are many assisted diagnoses developed to detect breast cancer mutations; the target population is large.
OVERVIEW OF THE ASSISTED DIAGNOSIS MARKET IN THE ASIA PACFIC REGION:
The Asia-Pacific region provides profitable opportunities for major players in the assisted diagnosis market because of the high population base, increased awareness of assisted diagnosis, development of health infrastructure, and increased demand for treatment advancement. However, the higher R&D costs incurred by the development of additional diagnostics may hinder the growth of the additional diagnostics market in the Asia-Pacific region.
THE MAIN PARTICIPANTS :
Described in this report include Abbott Laboratories Molecular, Inc., Agilent (Dako Denmark A/S), ARUP Laboratories, Inc., BioMerieux SA, Danaher Corporation (Leica Microsystems), Foundation Medicine, Inc., Myriad Genetics, Inc.. , Qiagen NV, Roche (Ventana Medical Systems, Inc.) and Thermo Fisher Scientific (Life Technologies Corporation).The main benefits of the auxiliary diagnostics market: The study provides an in-depth analysis of the auxiliary diagnostics market size and current trends and future estimates to clarify the upcoming investment pockets. Provides a quantitative analysis from 2022-2030, which is expected to enable stakeholders to take advantage of current market opportunities to provide a comprehensive supplementary diagnostic market analysis of all regions to determine current opportunities. Key players’ growth profiles and strategies are thoroughly analyzed to understand Competitive prospects in the global market.
Companion diagnostics key market Segments:
By technology type Immunohistochemistry Polymerase chain reaction (PCR) Next generation sequencing (NGS) In situ hybridization Others By indication Oncology Neurology Others. "
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook