The global companion diagnostic market is projected to grow at a CAGR of 20% during 2019 to 2024. The growth of companion diagnostic market is driven by improvements in regulatory guidelines, growing need for targeted therapies, rising cancer incidence, and increasing collaborations and partnerships for companion diagnostics test development.

Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising potential, high-growth opportunities for the global 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)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the companion diagnostic market?
Q.4 What are some changing demands of customers in the companion diagnostic market?
Q.5 What are the new developments in the companion diagnostic market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this companion diagnostic area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this companion diagnostic market?

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Market Segmentation:
Based on indication, the companion diagnostic market is segmented into oncology, neurology, others, and other indications. The oncology segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period.
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.
Key Players in the companion diagnostic market are 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.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751
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