A companion diagnostic is a medical device and provides information that is necessary for the safe and effective use of a corresponding drug or biological product. The diagnostic test helps a health care professional to determine whether a particular therapeutic product is beneficial to patients and can outweigh any potentially severe side effects or risks.
The companion diagnostics market is expected to experience significant growth during the forecast period owing to surge in R&D of targeted therapies, rise in demand for personalized medicine with increase in awareness in emerging economies. Moreover, higher number of unmet needs for the treatment of cancer are majorly driving the growth of the global companion diagnostics market.
The "Companion Diagnostics Market Analysis to 2028" is a specialized and in-depth study of the biotechnology industry with a special focus on the global market trend analysis. The report aims to provide an overview of companion diagnostics market with detailed market segmentation by technology type and indication. The companion diagnostics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in companion diagnostics market and offers key trends and opportunities in the market.
The companion diagnostics market is segmented on the basis of technology type and indication. Based on technology type the market is segmented as immunohistochemistry, polymerase chain reaction [PCR], next generation sequencing [NGS], in situ hybridization, and others. On the basis of indication, the market is categorized as oncology, neurology, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the companion diagnostics market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The companion diagnostics market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting companion diagnostics market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the companion diagnostics market in these regions.
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The report covers key developments in the companion diagnostics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from companion diagnostics market are anticipated to have lucrative growth opportunities in the future with the rising demand for companion diagnostics in the global market. Below mentioned is the list of few companies engaged in the companion diagnostics market.
The report also includes the profiles of key players in companion diagnostics market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.