Global Companion Diagnostics Market 2018-2024
- February, 2018
- Domain: Healthcare - Diagnostics
- Get Free 10% Customization in this Report
The companion diagnostics market is booming due to increasing patient base for infectious diseases & cancer globally, high adoption of companion diagnostics, growing demand for companion diagnostics, and emerging applications of companion diagnostics. Low awareness & lack of professionals to conduct tests and unfavorable reimbursement scenario in developed & developing countries are few of the factors hampering the market growth to an extent.
Market Analysis: The “Global Companion Diagnostics” market is estimated to witness a CAGR of 17.6% during the forecast period 2018–2024. The market is analyzed based on four segments – technology, applications, end-users, and regions.
Regional Analysis: The regions covered in the report are North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is set to be the leading region for the companion diagnostics market growth followed by Europe, Asia Pacific, and Rest of the World.
Technology Analysis: The global companion diagnostics market, by technology, is segmented into polymerase chain reaction, immunohistochemistry, in-situ hybridization, next-generation sequencing, and others. Polymerase chain reaction occupied the largest share in 2017, and next-generation sequencing is expected to grow at a high CAGR in the coming years.
Application Analysis: The global companion diagnostics market, by application, is segmented into cancer, infectious disease, and others. The cancer application is further segmented into colorectal cancer, breast cancer, lung cancer, melanoma, and others. In 2017, cancer application occupied a significant market share and is expected to be the same during the forecast period due to increasing incidence of cancer, changing lifestyle, and growing business of preservatives.
For instance, in February 2017, Roche announced the launch of Elecsys AMH Plus immunoassay, the first companion diagnostic to be approved for use in fertility. The key market players are receiving product approvals that are helping them to increase the market share. For instance, in June 2017, the US FDA granted approval to Thermo Fisher Scientific for NGS-based test known as the Oncomine Dx Target test, which instantaneously evaluates 23 genes clinically related to NSCLC.
Benefits: The report provides complete details about the usage and adoption rate of companion diagnostics products in various regions. With that, key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, government initiatives toward the test adoption in the upcoming years along with the details of commercial tests available in the market. Moreover, the report provides details about the major challenges that are going to impact on the market growth. Additionally, the report gives the complete details about the key business opportunities to key stakeholders to expand their business and capture the revenue in the specific verticals to analyze before investing or expanding the business in this market.
1.1 Industry overview
1.2 Total addressable market
1.3 Industry Trends
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Market Definition – Infoholic Research
3.2 Importance of Companion diagnostics
3.3 Segmented Addressable Market (SAM)
3.4 Trends of the companion diagnostics market
3.5 Related Markets
3.5.1 Personalized medicine
3.5.2 Genetic testing Market 16
3.5.3 Point-Of-Care Diagnostics Market
4 Market Outlook
4.2 Regulatory Scenario
4.3 Market segmentation
4.4 PEST Analysis
4.5 Porter 5(Five) Forces
5 Market Characteristics
5.1 DRO – Global Companion Diagnostics Market Dynamics
220.127.116.11 Growing incidence of cancer across the globe
18.104.22.168 Rising adoption of companion diagnostics tests
22.214.171.124 Growing demand of personalized medicine
126.96.36.199 Emerging applications of companion diagnostics
188.8.131.52 Growing demand for next-generation sequencing
184.108.40.206 Uncertain reimbursement scenario in developed and developing countries
220.127.116.11 Lack of professionals to perform the test
6 Technology: Market Size and Analysis
6.2 Polymerase Chain Reaction
6.3 In Situ Hybridization
6.5 Next-Generation Sequencing
7 Application: Market Size and Analysis
7.2.1 Lung cancer
7.2.2 Breast cancer
7.2.3 Colorectal cancer
7.3 Infectious disease
8 End Users: Market Size and Analysis
8.2 Pharma and biopharma companies
8.3 Reference Laboratories
9 Regions: Market Size and Analysis
9.2 North America
9.5 Rest of the World
10 Competitive Landscape
11 Vendor Profiles
11.1 F.Hoffmann-La Roche Ltd
11.1.2 Business Unit
11.1.3 Geographic Presence
11.1.4 Business Focus
11.1.5 SWOT Analysis
11.1.6 Business Strategy
11.2 Qiagen N.V.
11.2.2 Geographic Presence
11.2.3 Business Focus
11.2.4 SWOT Analysis
11.2.5 Business Strategies
11.3 Abbott Laboratories
11.3.2 Business Unit
11.3.3 Geographic Presence
11.3.4 Business Focus
11.3.5 SWOT Analysis
11.3.6 Business Strategy
11.4 Myriad Genetics Inc.
11.4.2 Business Unit
11.4.3 Business Focus
11.4.4 SWOT Analysis
11.4.5 Business Strategy
11.5 Agilent Technologies Inc.
11.5.2 Business Units
11.5.3 Geographic Presence
11.5.4 Business Focus
11.5.5 SWOT Analysis
11.5.6 Business Strategies
12 Companies to Watch For
12.1 BioMerieux S.A.
12.1.2 BioMerieux S.A.: Recent Developments
12.2 Danaher Corporation (Leica Microsystems AG)
12.2.2 Danaher Corporation: Recent Developments
12.3 Resonance Health Limited
12.3.2 Resonance Health Limited: Recent Developments
12.4 Thermo Fisher Scientific
12.4.2 Thermo Fisher Scientific: Recent Developments
12.5 Genomic Health, Inc.
12.5.2 Genomic Health: Recent Developments
Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:
- Data Collation (Primary & Secondary)
- In-house Estimation (Based on proprietary data bases and Models)
- Market Triangulation
Market related information is congregated from both primary and secondary sources.
Involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
Include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.