Companion Diagnostics Market – Global Trend and Outlook to 2027
Companion diagnostics refer to medical tests or devices that are designed to help healthcare professionals determine the most effective treatment plan for a patient, based on their genetic or molecular profile. These diagnostics are often used in conjunction with specific drugs or therapies, to help identify patients who are most likely to benefit from a particular treatment and to avoid those who may experience harmful side effects.
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The global companion diagnostics market is a rapidly growing industry that is expected to experience significant growth in the coming years. Companion diagnostics are medical tests that are used to identify patients who are likely to benefit from a specific therapeutic treatment.
The global companion diagnostics market is expected to grow at a compound annual growth rate (CAGR) of around 15% from 2021 to 2026. The market is driven by the increasing prevalence of cancer and other chronic diseases, growing demand for personalized medicine, and the need for more efficient and effective diagnostic tools.
The companion diagnostics market can be segmented by technology, application, end-user, and region. The technologies include polymerase chain reaction (PCR), in situ hybridization (ISH), immunohistochemistry (IHC), and others. The applications include cancer, cardiovascular diseases, infectious diseases, and others. The end-users include hospitals, clinical laboratories, and pharmaceutical companies.
The cancer segment is expected to be the largest application segment for companion diagnostics due to the increasing prevalence of cancer and the growing demand for targeted therapies. The hospitals segment is also expected to drive market growth as hospitals are the primary end-users of companion diagnostics.
Key players in the companion diagnostics market include Roche Diagnostics, Qiagen NV, Agilent Technologies, Inc., Thermo Fisher Scientific, Inc., and Abbott Laboratories. These companies are focusing on research and development to improve the accuracy and efficiency of their companion diagnostics, as well as expanding their product portfolios to meet growing demand.
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