(PharmaNewsWire.Com, April 20, 2017 ) Market Data Forecast published a syndicated report on the Latin America Companion Diagnostics Market which estimates the market to reach USD 1.60 billion from USD 0.5 billion in 2016 with a high CAGR of 26.20%.
Companion diagnostics are in-vitro diagnostics that deliver information about therapeutic reactions of patients for a specific treatment. Companion diagnostics is a comparatively new branch of diagnostics that is estimated to grow at a swift pace in the near future. The various advantages it offers have raised its market demand.
Increased adoption of innovative medical procedures, the rising healthcare infrastructure, and the rising disposable incomes of consumers will fuel the Latin America companion diagnostics market.
Various key factors which drive the market towards growth or restrain the market by downsizing the value are covered in the DROC analysis. Some of those key factors are raising occurrence of cancer, increasing demand for personalized medicines and reducing costs of drug development. Factors such as the growing emphasis on targeted therapies and the attention of pharmaceutical companies on the in-house development of companion diagnostics are also improving the growth of the market. The extended development time of companion diagnostics and increasing period of the approval process may obstruct the growth of the market.
The products are segmented based on Indications and Technology and studied for a deep-level understanding of the Companion Diagnostics Market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
Based on Indications: • Oncology o Colorectal Cancer o Breast Cancer o Lung Cancer o Gastric Cancer o Melanoma • Inflammation and Autoimmune Diseases • Cardiovascular Diseases • Central Nervous System Disorders • Virology Diseases
Based on Technology: • Immuno Histochemistry • Molecular Diagnostics o In-Situ Hybridization o Real Time PCR o Gene Sequencing
Based on geography the Latin America market is analyzed under various regions namely, Argentina, Mexico, and Brazil. Mexico dominates the Latin America Companion Diagnostics market and is predicted to continue its dominance over the forecast period.
As per the report, companies like Companion Diagnostics Market are Abbott Molecular Inc., Dako Inc., Biogenex Laboratories Inc., Roche Molecular Systems Inc.,ARUP Laboratories, bioMérieux Inc., Ventana Medical Systems Inc., Leica Biosystems Nussloch GmbH, Qiagen Ltd., Myriad Genetics Inc., Thermo Fisher Scientific Inc. and others.
Scope of the Latin America Companion Diagnostics Market:
• Regional and country-level analysis that provides an intrinsic perspective of Brazil, Argentina and Mexico markets to that of the Latin American region
• Segment-level analysis on basis of Indications and Technology along with market size forecasts and y-o-y estimations are provided for better understanding of major focus areas
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• Macro & Micro environmental factors such as political influence, legal barriers, technological prowess and industry rivalry are covered in the extensive PESTLE and Porter’s Five Forces Analyses.
• Comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
• Mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape
• Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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