Companion Diagnostics Market - Trends, Analysis and Forecast till 2024
Global Companion Diagnostics Market report categorizes global market by Application(Breast Cancer, Lung Cancer, Colorectal Cancer, Gastric Cancer, Melanoma), Technology(Immunohistochemistry, Real-time PCR, Gene Sequencing, FISH), and Geography - Trends, Analysis and Forecast till 2024
Global Companion Diagnostics Market report categorizes global market by Application(Breast Cancer, Lung Cancer, Colorectal Cancer, Gastric Cancer, Melanoma), Technology(Immunohistochemistry, Real-time PCR, Gene Sequencing, FISH), and Geography - Trends, Analysis and Forecast till 2024
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<strong>Companion</strong> <strong>Diagnostics</strong> <strong>Market</strong> -<br />
GLOBAL INDUSTRY INSIGHTS, TRENDS,<br />
OUTLOOK, AND OPPORTUNITY ANALYSIS, 2016-<br />
<strong>2024</strong><br />
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REPORT DESCRIPTION<br />
Global <strong>Companion</strong> <strong>Diagnostics</strong> <strong>Market</strong> – Overview<br />
Personalized medicine is the new segment in discussion among healthcare experts around the globe. Also,<br />
encouragement from the regulatory bodies such as the FDA <strong>and</strong> EMEA in erms of providing a defined structure for<br />
companion diagnostic development is driving research activities in personalized medicine. Diagnosis at molecular level<br />
for each individual is of prime importance to identify the target biomarker before deciding the therapy. <strong>Companion</strong><br />
diagnostic is one such emerging field for target biomarker identification reducing clinical trial cost <strong>and</strong> time to market<br />
the product.<br />
Pharmaceutical companies need to constantly innovate <strong>and</strong> integrate latest technological breakthroughs in order to<br />
sustain in the companion diagnostics market, given the looming threat of new technologies posing threat to existing<br />
product portfolio <strong>and</strong> research pipeline. Novartis AG focuses on R&D for biomarkers with the help of its partner<br />
SomaLogic, Inc., once they begin the process of finalizing the drug c<strong>and</strong>idate. Such pre-work is now part of the routine<br />
of drug development, something that was an alien practice <strong>till</strong> around a decade ago. The U.S. FDA released a draft<br />
guideline for companion diagnostics in July 2016, providing a structure for the pharmaceutical companies to codevelop<br />
CDx test along with the drug therapies.<br />
The global companion diagnostics market was valued at US$ 1,614.5 million in 2015 <strong>and</strong> is expected to witness a<br />
robust CAGR of 12.0% during the forecast period (2016 – <strong>2024</strong>).<br />
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REPORT DESCRIPTION<br />
Global <strong>Companion</strong> <strong>Diagnostics</strong> <strong>Market</strong> Taxonomy:<br />
Global <strong>Companion</strong> <strong>Diagnostics</strong> <strong>Market</strong>, By Application:<br />
●<br />
●<br />
●<br />
●<br />
●<br />
●<br />
Breast Cancer<br />
Lung Cancer<br />
Colorectal Cancer<br />
Gastric Cancer<br />
Melanoma<br />
Others<br />
Global <strong>Companion</strong> <strong>Diagnostics</strong> <strong>Market</strong>, By Technology:<br />
●<br />
●<br />
●<br />
●<br />
●<br />
Immunohistochemistry<br />
Real-time PCR<br />
Gene Sequencing<br />
FISH<br />
Others<br />
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REPORT DESCRIPTION<br />
Global <strong>Companion</strong> <strong>Diagnostics</strong> <strong>Market</strong> Taxonomy:<br />
Global <strong>Companion</strong> <strong>Diagnostics</strong> <strong>Market</strong>, By Geography:<br />
●<br />
●<br />
●<br />
●<br />
●<br />
●<br />
North America<br />
Europe<br />
Asia-Pacific<br />
Latin America<br />
Middle East<br />
Africa<br />
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-market-109<br />
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REPORT DESCRIPTION<br />
Global <strong>Companion</strong> <strong>Diagnostics</strong> <strong>Market</strong>: Key Players<br />
Major players involved in the global companion diagnostics market include:<br />
●<br />
Abbott Laboratories, Inc.<br />
●<br />
Agilent Technologies, Inc.<br />
●<br />
Danaher Corporation<br />
●<br />
GE Healthcare<br />
●<br />
Qiagen N.V.<br />
●<br />
Roche <strong>Diagnostics</strong><br />
●<br />
Myriad Genetics, Inc.<br />
●<br />
bioMérieux SA<br />
●<br />
Illumina, Inc.<br />
●<br />
Siemens Healthcare<br />
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