According to a new report by Expert Market Research titled, ‘Global Companion Diagnostics Market Report and Forecast 2020-2025’, the global companion diagnostics market stood at a value of around USD 2.1 billion in 2019. The industry is further expected to grow at a CAGR of 26% between 2020 and 2025 to attain a value of USD 8.4 billion by 2025.
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The global companion diagnostics market is being driven by the rapid advancement in the field of drug and diagnostic technologies and the growing consumer preference for personalised medicines. The growing incidences of infectious diseases and cancer are supporting the industry further. The polymerase chain reaction or PCR segment, among other technologies, dominated the global industry owing to its cost-effectiveness, and high specificity and sensitivity, further making it useful for simple automated platforms. The North America dominated the industry, within which the United States served as the major contributor to the industry.
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Market Breakup by Product & Service:
- Assay Kits and Reagents
- Software and Services
Market Breakup by Technology:
- Polymerase Chain Reaction
- Immunohistochemistry
- In Situ Hybridization
- Next-Generation Sequencing
- Other Technologies
Market Breakup by Indication:
- Oncology
- Neurology
Market Breakup by End Use:
- Pharmaceutical and Biopharmaceutical Companies
- Reference Laboratories
- Other End Users
Market Breakup by Region:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
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Competitive Landscape & Supplier Analysis:
- F. Hoffmann-La Roche AG (OTCMKTS: RHHBY)
- Agilent Technologies, Inc. (NYSE: A)
- Qiagen N.V. (NYSE: QGEN)
- Thermo Fisher Scientific Inc. (NYSE: TMO)
- Abbott Laboratories, Inc. (NYSE: ABT)
- Biomérieux SA (OTCMKTS: BMXMF)
- Danaher Corporation (NYSE: DHR)
- Illumina, Inc. (NASDAQ: ILMN)
- Myriad Genetics, Inc (NASDAQ: MYGN)
- Others
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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