Companion Diagnostic market emerging as new investment pockets

10 Jun
2014

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Companion diagnostic is a type of IVD that provides patient’s therapeutic responses for a particular treatment. This market is an emerging market; however, analyzing its rising popularity in the healthcare sector, investors look extremely positive. Let us know in detail the global companion diagnostic market analysis by Allied Market Research.

The report forecasts the global companion diagnostic market to attain a market size of $3.5 billion by 2020, registering a healthy CAGR of 20% during the forecast period.

Market Drivers:

Rising incidence of cancer, central nervous system and cardiovascular problems
Increasing side effects of drugs
Personalized treatment approach
Effective treatment
Technological strides in the field of Biomarker

However, Co-ordination of companion diagnostics enhancement and therapeutic products would pose a challenge to the market.

Segmentation of global companion diagnostic market

By Market the segmentation includes:

Oncology
Cardiovascular
CNS
Autoimmune & inflammation
Virology
Others

At present the major source of revenue for the market is derived from the treatment of cancer.

Segmentation based on Technology:-

Immmunohistochemistry
Molecular diagnostics

It is expected that the next generation technology would be dominated by real time PCR and next generation sequencing technologies. North America leads the technology market due to increased healthcare awareness. The report expects North America to continue leading the market in terms of revenue; however, LAMEA is analyzed to register the fastest growth, registering a CAGR of 22.7% due to rising cases of cancer and increasing healthcare awareness.

The report provides a complete view on top ten dominant firms in the market. They are:-

Qiagen, Dako (Agilent Technologies)
Roche, Abbott Laboratories, Inc.
BioMerieux
Ventana Medical Systems
Myriad Genetics, Inc.
Leica Microsystems
Resonance Health Ltd
Life Technologies

Akhilesh Prabhugaonkar

Author's Bio- Akhilesh Prabhugaonkar holds a bachelor’s degree in Electronics Engineering from the reputed Vishwakarma Institute of Technology. He has a special interest in the fields of forensics, world history, international relations and foreign policy, sports, agriculture, astronomy, security, and oceanography. An ardent bibliophile and melophile, Akhilesh loves to write on topics of his interest and various other societal issues. This love for writing made him enter the professional world of content writing and pursue his career in this direction.

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