Companion Diagnostics Market Sees Promising Growth by 2025
Category: #headline  By Ronak Bora  Date: 2021-03-30
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Companion Diagnostics Market Sees Promising Growth by 2025

North America companion diagnostics market is projected to record a remarkable CAGR of over 18 per cent through the analysis period. Robust research activities intended to develop targeted drugs and treatments will also enhance demand of companion diagnostics in the region. Demographic trends like increasing geriatric population vulnerable to chronic disorders and consequent rise in disease occurrence will augment the companion diagnostics industry growth.

Technologically advanced instruments need a smaller number of reagents and media and produces result in accurate time. These instruments are used for numerous companion diagnostics tests such as melanoma, non-small cell lung cancer, breast, ovarian cancers, and colorectal. These benefits of instruments and their wide range of applications will help in surging their demand in healthcare facilities.

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Supportive regulatory scenario which enables entry of products into market will help to augment revenue growth of companion diagnostics market. Advanced products are being created by industry players to recognize proper drug diagnostic blend. Regulatory bodies ensure that effective and safe drugs are available worldwide. In 2017, FDA has authorized 16 new drugs with companion diagnostics. Hence, FDA product approvals will further encourage companion diagnostics manufacturers to create new entities. Such efforts have been predicted to boost companion diagnostics market growth.

The guidance was developed for expanding the regulator’s 2014 In Vitro Companion Diagnostic Devices guidance. The 2014 guidance recommended that companion diagnostic developers should refer to a particular group of therapies in the labeling of their diagnostics instead of individual products when there is evidence for supporting the users of diagnostics across multiple products.

PCR (polymerase chain reaction) offers promising results by the quick amplification of DNA fragments. The polymerase chain reaction segment is expected to exhibit over 18 per cent growth through 2025.

The genomic makeup of a patient is analyzed for the prediction of drug response in a companion diagnostics test. PCR is the most extensively used and well suited DNA replication technique.

The consumables segment in the companion diagnostics industry is estimated to depict a substantial CAGR of 19 per cent through the analysis period. This is due to the availability and associated advantages of advanced consumable kits and reagents.

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Partial Chapter of the Table of Content

Chapter 4.     Companion Diagnostics Market, By Product

4.1. Key segment trends

4.2. Instruments

4.2.1.  Market size, by region, 2014-2025 (USD Million)

4.3. Consumables

4.3.1.  Market size, by region, 2014-2025 (USD Million)

4.4. Services

4.4.1.  Market size, by region, 2014-2025 (USD Million)

Chapter 5.     Companion Diagnostics Market, By Disease Indication

5.1. Key segment trends

5.2. Breast cancer

5.2.1.  Market size, by region, 2014-2025 (USD Million)

5.3. Lung cancer

5.3.1.  Market size, by region, 2014-2025 (USD Million)

5.4. Colorectal cancer

5.4.1.  Market size, by region, 2014-2025 (USD Million)

5.5. Skin cancer

5.5.1.  Market size, by region, 2014-2025 (USD Million)

5.6. Others

5.6.1.  Market size, by region, 2014-2025 (USD Million)

Chapter 6.     Companion Diagnostics Market, By Technology

6.1. Key segment trends

6.2. Immunohistochemistry

6.2.1.  Market size, by region, 2014-2025 (USD Million)

6.3. In Situ Hybridization

6.3.1.  Market size, by region, 2014-2025 (USD Million)

6.4. Polymerase Chain Reaction

6.4.1.  Market size, by region, 2014-2025 (USD Million)

6.5. Genetic Sequencing

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About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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