Global Companion Diagnostic Market
Companion Diagnostics Market
According to Verified Market Research, Global Companion Diagnostics Market was valued at USD 2.98 Billion in 2018 and is projected to reach USD 9.51 Billion by 2026, growing at a CAGR of 15.59 % from 2019 to 2026.
Global Companion Diagnostics Market Outlook
Companion diagnostic will continue to increase in some applications to disease areas. The commercial success of drugs depends on the companion diagnostic. The increasing burden of disease and economic incentives for drug development are the two primary factors driving growth. Companion diagnostics reduces development time and Rx development costs and results in more favorable reimbursement by illustrating comparative effectiveness. In collaboration with pharmaceutical companies, the market is undergoing a remarkable change by developing and identifying the diagnostics to target patients. Approval and commercialization of any drug are challenging, before preferring any medicine or drug to humans it experiments on the animal to analyses its productive or positive as well as negative effects which further helps the researcher whether the drug is suitable for a disorder and human use. However, increasing development costs is restraining the growth of the market.
Global Companion Diagnostics Market Competitive Landscape
The Global Companion Diagnostics Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as F. Hoffmann-La Roche AG, Agilent Technologies, Inc., QIAGEN N.V., Abbott Laboratories, Inc., Almac Group, Danaher Corporation, Illumina Inc., Biomrieux SA, Myriad Genetics, Inc., and Sysmex Corporation.
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Global Companion Diagnostics Market
The Global Companion Diagnostics Market was valued at USD 2.03 billion in 2016 and is projected to reach USD 10.30 billion by 2025, growing at a CAGR of 19.78% from 2017 to 2025.
A companion diagnostic is a medical device, often an in vitro device, which provides information that is essential for the safe and effective use of a ...