The assay kits & reagents segment accounted the largest share in 2016 and is expected to register the highest CAGR On forecast period. large share can attributed to its wide range of applications in platforms such as PCR, NGS, IHC, and ISH.
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Global companion diagnostics market projected to grow at CAGR of 20.1%
The global Companion Diagnostics Market is projected to reach USD 6.51 billion by 2022 from USD 2.61 billion in 2017, at a CAGR of 20.1%.
North America held the largest share of the global companion diagnostics market in 2016, while Asia-Pacific is expected to witness the highest growth during 2017 to 2022. Growing need for tailored therapeutics by the elderly population, increasing number of hospitals and diagnostic laboratories, and growing prevalence of life-threatening diseases are driving the growth of the companion diagnostics market in the Asia-Pacific region.
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Pharmaceutical and biopharmaceutical companies segment accounted for the largest share of the market in 2016. This end-user segment is also expected to register the highest CAGR during the forecast period.
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The large share and growth of this market can be attributed to increasing and significant application of companion diagnostics in the drug development process.
- Pharmaceutical and biotechnology companies
- Diagnostic manufacturers
- Research laboratories and academic institutes
- Research and development (R&D) companies
- Clinical research organizations (CROs)
*Top 25 Companies Analysed for This Study are - Some of the major market players in the companion diagnostics market are F. Hoffmann-La Roche AG (Switzerland), Agilent Technologies, Inc.
(U.S.), and QIAGEN N.V. (Netherlands) dominated the global companion diagnostics market. Some of the other players competing in this market are Thermo Fisher Scientific Inc. (U.S.), Abbott Laboratories, Inc. (U.S.), Myriad Genetics, Inc. (U.S.), Danaher Corporation (U.S.), Almac Group (U.S.), and Sysmex Corporation (Japan).
Access Companion diagnostics Market 2017-2022 Spreads Across 170 Pages Profiling 25+ Companies and Supported with 105 Tables And 37 Figures Available at www.reportsnreports.com/contacts/d…aspx?name=297416
Key Point from Table of Content
Companion Diagnostics Market, By Product & Service
Assay Kits and Reagents
Software & Services
Companion Diagnostics Market, By Technology
Polymerase Chain Reaction
In Situ Hybridization
Companion Diagnostics Market, By Indication