(PharmaNewsWire.Com, May 16, 2017 ) According to the report Companion Diagnostics Market by Indication, published by Market Data Forecast, the North America market is projected to reach USD 2.31 billion by 2021, at a CAGR of 16.63% from 2016 to 2021.
Companion Diagnostics is developed to determine who would benefit from treatment and it helps in identifying if someone cannot be cured, but also equally can be affected by use of specific drug used for their ailment. Benefits provided by these products are providing crucial information on an individual’s risk factors for chronic conditions and enables health care professionals to decide whether drug it more beneficial over its risks or not.
The key drivers of the market are increase in various treatment procedures, technological advancement in healthcare industry, and government initiatives. Scientific knowledge gets advanced with the practical application of treatment, hence for a single drug different companion diagnostic procedures can be approved which is further supporting the market growth. Cost involved in latest technology is acting as restraint for the market.
The USA Companion Diagnostic Market is segmented as follows:
Based on Indication Oncology o Colorectal Cancer o Breast Cancer o Lung Cancer o Gastric Cancer o Melanoma Cardiovascular Diseases Central Nervous System Disorders Inflammation and Autoimmune Diseases Virology Diseases
Based on Technology: Immuno Histochemistry Molecular Diagnostics o In-Situ Hybridization o Real Time PCR o Gene Sequencing
Some of the key participating in USA Companion Diagnostics market market are Abbott Molecular Inc., Roche Molecular Systems Inc., Leica Biosystems Nussloch GmbH, bioMérieux Inc., Dako Inc., Qiagen Ltd., ARUP Laboratories, Myriad Genetics Inc., Biogenex Laboratories Inc., Ventana Medical Systems Inc., and Thermo Fisher Scientific Inc.
The United States Companion Diagnostics Market study offers the following deliverables:
• Country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the North America market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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