Some of the factors like improved efficacy and safety profiles of drugs, Accelerated drug regulatory approvals, reduced healthcare expenditure and drug development costs, increasing partnerships between market players, government organizations and other research firms over the use of co diagnostics, emergence of new pharmaceuticals and diagnostics are driving the growth of the global companion diagnostics market. However, due to the regulatory uncertainty, complex clinical trial procedures and intellectual property issues in certain areas are the few issues which are restraining the growth of the global companion diagnostics market.A sample of this report is available upon request @
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Global companion diagnostic tests are segmented on the basis of application, technology, end user and geographical region.
Based on the application, global companion diagnostic tests are segmented as:
Breast Cancer
Colorectal Cancer
Lung Cancer
Urology
Melanoma
Gastric Cancer
Others
Based on the type, global companion diagnostic tests are segmented as:
Screening and Detection Tests
Prognosis Tests
Theranostics Tests
Monitoring Tests
Recurrence Tests
Based on the end-user, global companion diagnostic tests are segmented as:
Hospitals
Diagnostic Centres
Others
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The global companion diagnostic devices market is highly fragmented due to the presence of several established large and small suppliers. The competition in the market will intensify during the forecast period as vendors adopt strategies like M&A to develop new technologies. Product approval and launch will also help to increase the volume of available diagnostic devices in the market. In addition, the vendors also work on differentiating their products based on quality, the accuracy of results, and other value added services as it will help them to gain a competitive edge over their peers.
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Some of the players in companion diagnostic devices market are F. Hoffmann-La Roche Ltd.(Switzerland), Qiagen Ltd. (Germany), ARUP Laboratories (U.S.), Abbott Laboratories (U.S.), Biogenex Laboratories, Inc. (USA), Thermo Fisher Scientific (U.S), Ventana Medical Systems Inc. (U.S), Myriad Genetics Inc. (U.S), and Danaher (U.S) and others.
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