Lucintel Forecasts Companion Diagnostic Market to Grow at a CAGR of 20% from 2019 to 2024

According to the recent study the Companion Diagnostic Market is projected to grow at a CAGR of 20% from 2019 to 2024. Growth in this market is primarily driven by improvements in regulatory guidelines, growing need for targeted therapies, rising cancer incidence, and increasing collaborations and partnerships for companion diagnostics test development.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in companion diagnostic market by product and service (assays and reagents and software and services), technology (polymerase chain reaction (PCR), immunohistochemistry (IHC), in situ hybridization (ISH), next-generation sequencing, and other technologies), indication (oncology, neurology, others, and other indications), end use (pharmaceutical and biopharmaceutical companies, reference lab, and other end user), and region (North America, Europe, Asia-Pacific, and ROW).

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“Oncology market is expected to remain the largest segment during the forecast period.”

Based on indication, the companion diagnostic market is segmented into oncology, neurology, others, and other indications. Lucintel forecasts that the oncology market is expected to remain the largest segment.

“North America will dominate the companion diagnostic market in near future.”

North America will remain the largest region over the forecast period due to increasing technological advancements aimed at developing companion diagnostic tests for new indications such as neurology, infectious diseases, and so on.

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Major players of companion diagnostic market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. F. Hoffmann-La Roche, Agilent Technologies, Qiagen, Thermo Fisher Scientific, Abbott Laboratories, Biomérieux, Danaher, Illumina, Myriad Genetics, Arup Laboratories, Sysmex, Hologic, Novartis, Almac Group, and Abnova are among the major companion diagnostic providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/companion-diagnostic-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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