Global Companion Diagnostic Market

Mar 2020| VMR290B| Verified Market Research

Report Highlights

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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