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As Per New Research, Global Companion Diagnostics Market to Grow at CAGR of +20% – Report Studied Growing Factors Forecasts to 2023

Companion Diagnostics Market by Technology (PCR, IHC, NGS, ISH), Indication (Breast cancer, NSCLC, Colorectal cancer, Neurological disorders, Infectious Diseases), End User (Pharmaceutical & Biopharmaceutical Companies, Reference Lab) - Global Forecast to 2023

 

Houston, TX -- (SBWIRE) -- 04/05/2018 -- Companion diagnostics is segmented on the basis of its use for indications such as oncology, cardiovascular conditions, central nervous system indications, inflammation and virology. Oncology is the highest revenue generating segment, as majority of the companion diagnostics have been developed for detection of various cancer biomarkers. The key driver for this market is an increase in research and development of targeted drugs, which require a corresponding companion diagnostic.

Global Companion Diagnostics Market projected to grow at CAGR of +20% from 2018 to 2023

Research N Reports has recently announced the addition of a new research report to its intensifying repository. The research report, titled "Companion Diagnostics Market," offers a clear understanding of the subject matter. The report has been hoarded using primary and secondary research methodologies. Both these methods are intended towards collaborating accurate and exact data relating the market dynamics, historical events, and the current market scenario. Moreover, the report also includes a SWOT analysis that determines the strengths, weaknesses, opportunities, and threats impacting the segments of the overall market.

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Major Key suppliers of the market: Advanced Cell Diagno, Agilent Techno, Biogenex Lab, Danaher Corp, GE Healthcare, Myriad Genetic, Qiagen N.V, Roche Diagno, R-Biopharm AG, Cypher Genomics, Flagship Biosciences, Applied Proteomics

Companion Diagnostics holds the diagnosis of numerous types of cancers, infectious diseases, and medical circumstances through the inspection of cells and tissue samples, which are collected from patients through biopsy. The worldwide market is gaining substantial momentum due to the rising use and effectiveness of biomarkers in diagnosing various disease including cancer.

The growing prevalence and existences of chronic diseases including cancer, infectious diseases, and kidney or liver diseases is steering the global Companion Diagnostics market. Cancer cases are increasing exponentially worldwide, with maximum patients suffering from lung, prostate, colorectal, and breast cancer. Biomarkers are offering a promising approach in the diagnosis of cancer and other diseases. The elevating use of biomarkers for the diagnosis of diseases is predicted to considerably accelerate the development of the global market.

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Depending on geographical area, the world Companion Diagnostics markets are largely divided into Latin America, Europe, the Middle East and Africa and Asia Pacific. The world market is still exploring in most areas. But it has promising potential to grow steadily over the next few years. The major players investing in this market are Canada, the United Kingdom, the United States, India, China and some Asia Pacific countries. As a result, Asia Pacific, North America and Western Europe are expected to account for more than half of the total market share over the next few years.

Additionally, the increasing global geriatric population also plays a contributing role, as elderly individuals are more prone to infectious diseases, thereby demanding proper diagnosis for effective treatment. The developing health care infrastructure is also motivating the global Companion Diagnostics market.

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At the end of the report, a manufacturer is announced who is responsible for increasing sales in the Companion Diagnostics market. These manufacturers have been analyzed in terms of manufacturing base, basic information and competitors. The technology and product types introduced by each manufacturer are also an important part of this section of the report.

Table of Content:
Global Companion Diagnostics Market Research Report 2018-2023
Chapter 1 Companion Diagnostics Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturer
Chapter 4 Production, Revenue (Value) by Region
Chapter 5 Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast
Chapter 13 Appendix