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Companion Diagnostics Market By Technology (Next-Generation Sequencing, In Situ Hybridization, Others) By Product & Service (Software & Services and Assay Kits and Reagents) Regional Analysis & Forecast - 2026

  • OI-115
  • |
  • Published date: May, 2019
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  • Life Sciences & Healthcare
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  • 0 Pages

Introduction

Companion Diagnostics is as a bio-scientific strategy intended for the evaluation of the patient to check whether tolerant reacts to a particular medicinal treatment or not. Companion diagnostics are utilized to figure out which patients are profited by a specific kind of prescription or which treatments are most appropriate for patients with certain ailments


Market Overview


The global Companion diagnostics market was valued at $ XX Mn in 2018 and is forecast to grow at a strong XX% CAGR between 2018 and 2026, resulting in 2026 global sales of $ XX. The market is driven by owing to the rising associations and coordinated efforts for companion diagnostics test development and growing cancer incidence globally. However, undefined repayment scenarios in different regions are restraining market growth. Rising demand for next-generation sequencing is providing ample opportunities for the market

Companion diagnostics Market depending on the indication, Neurology is expected to account for the largest share of the healthcare Companion diagnostics market. Neurology is a part of medicine managing issue of the nervous system. Neurology system manages the diagnosis and treatment of all classes of conditions and illness including the central and peripheral nervous systems, including their blood vessels, all effector tissue, such as muscle and coverings


Key Developments



  • Apr 2019: Roche launches new VENTANA HER2 Dual ISH companion diagnostic test for breast and gastric cancer patients eligible for targeted therapy

  • Apr 12, 2019: QIAGEN launches first FDA-approved companion diagnostic using FGFR alterations to help guide the treatment of metastatic urothelial cancer

  • Apr 11, 2019: Myriad Genetics Submits myChoice HRD as Companion Diagnostic for Niraparib


Segmentation


The global Companion diagnostics in the Healthcare market is segmented on the basis of indication, technology, product & service, end-user, and region


Based on the Indication: Oncology, Neurology, Infectious Diseases, and Other Indications


Based on the Technology: Next-Generation Sequencing, In Situ Hybridization, Immunohistochemistry, Polymerase Chain Reaction, and Other Technologies


Based on the Product & Service: Software & Services and Assay Kits and Reagents


Based on the End-user: Reference laboratories, pharmaceutical, and biopharmaceutical companies, hospitals and other end users


Based on the region: North America, Asia-Pacific, Europe, and LAMEA. Among that North America held the largest share of the market, followed by Europe due. The large share of North America in this market is attributed high healthcare technology implementation rates and expanding interest for customized drug, the market for diagnostics in the United States is required to enroll a considerable development rate amid the estimate forecast period


The key players of the Global Companion diagnostics in Healthcare market include Almac Group, Novartis AG, Hologic Inc., Sysmex Corporation, Arup Laboratories Inc., Myriad Genetics, Inc., Illumina, Inc., Biomérieux SA, Abbott Laboratories, Inc., Thermo Fisher Scientific Inc., Qiagen N.V., Agilent Technologies, Inc., F. Hoffmann-La Roche AG and Others



 

 

 

Report Description: The report covers in-depth analysis of the Global Companion Diagnostics Market. The report assesses the market products pipeline by stage of development (early development, pre-clinical, clinical and in approval), by Indication (Oncology, Neurology, Infectious Diseases, and Other Indications) by End User (Reference Laboratories, Pharmaceutical, and Biopharmaceutical Companies and Other End Users). In addition, the report includes key insights on other development activities, including (but not limited to) – licensing (In and Out), collaborations, acquisitions, reimbursement, patent, and regulatory designations


The report includes in-depth company profiles of key players in Global Companion diagnostics in the Healthcare Market. The company profile includes key information on the overview, financial highlights, product portfolio, business strategies, and key recent developments


The report highlights information on emerging companies with potentially disruptive technologies and new market entrants


Scope:



  • Provides detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global Companion diagnostics in Healthcare Market

  • Provides a comparative analysis of key marketed products and pipeline market products

  • Provides key information on players involved on the Global Companion diagnostics in the Healthcare Market

  • Provides a complete overview of market segments and the regional outlook of Global Companion diagnostics in the Healthcare Market

  • Provides in-depth coverage of key news related to global Companion diagnostics in Healthcare Market, including major mergers and acquisitions and product development updates such as clinical trial progression updates and regulatory updates

Our research works on a holistic 360° approach to deliver high quality, validated and reliable information in our market reports. Market estimation and forecasting involve the following steps:




  • Data Collation (Primary & Secondary)




  • In-house Estimation (Based on proprietary databases and Models)




  • Market Triangulation




  • Forecasting




  • Market-related information is assembled from both primary and secondary sources. 








  • Primary sources involved participants from all global stakeholders such as experts from several related industries and suppliers that have been interviewed to obtain and verify critical information as well as to assess prospects of the market. The participants included are CXOs, VPs, and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services. 








  • Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications annual reports press releases along with paid sources such as Factiva, OneSource, Bloomberg among others. 








  • Top-down and bottom-up approaches: The overall market size was used in the top-down approach to estimate the sizes of other individual submarkets (mentioned in the market segmentation by product, type of manufacturing, and disease) through percentage splits from secondary and primary research. The bottom-up approach was also implemented (wherever applicable) for data extracted from secondary research to validate the market segment revenues obtained.





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