The global Companion Diagnostics Market is forecasted to reach USD 9.72 Billion by 2027, according to a new report by Emergen Research. Companion diagnostics are procedures or examinations that include knowledge necessary for the secure and prosperous usage of a medical drug in question. It enables the recognition of the possibility of an individual benefiting from a pharmaceutical drug or having adverse effects. It assists in assessing the patient reaction to a procedure so that medication may be modified to improve health and effectiveness. Increasing emphasis on personalized medicine should pave the way for companion diagnostics because it forms an integral part of personalized medicine. Owing to increased identification, care, and surveillance of a variety of illnesses, biomarkers and companion diagnostics have seen strong demand. Such diagnostic assessments increase the product development cycle by rising and growing the research and development costs and raising the approval rates of the drug. Furthermore, the increasing growth in the prevalence of numerous tumors, respiratory ailments, infectious diseases, and neurological disorders across the globe is anticipated to boost potential demand for companion diagnostic tests. Nevertheless, high costs of associated diagnostic tests, combined with a shortage of reimbursement policies in certain countries, are likely to hinder market development over the forecasted era.

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Global Companion Diagnostics Market has been developing at a rapid rate and is contributing significantly to the global economy in terms of revenue, growth rate, sales, market share, and size. The Global Companion Diagnostics Market report is a comprehensive research document that provides valuable insights to the readers to understand the fundamentals of the Companion Diagnostics market.

The market is spread across several key geographical regions, and the report covers the regional analysis as well as the production, consumption, revenue, and market share in those regions for the forecast period of 2019-2027. The regions include North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.

Comprehensive Regional Analysis Covers the Following Regions:

·         North America (U.S., Canada, Mexico)

·         Europe (U.K., Italy, Germany, France, Rest of EU)

·         Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

·         Latin America (Chile, Brazil, Argentina, Rest of Latin America)

·         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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The report offers a comprehensive analysis of the competitive landscape of the market through extensive profiling of the key competitors. The section on the competitive analysis covers product portfolio, company overview, production and manufacturing capacity, financial standing, revenue and gross profit margins, and market position. It also sheds light on the mergers and acquisitions, joint ventures, collaborations, and partnerships occurring in the market.

Key Players Profiled in the Report are:

·         Agilent Technologies

·         Foundation Medicine

·         Myriad Genetic Laboratories

·         Thermo Fisher Scientific

·         Johnson & Johnson

·         Arup Laboratories

·         Abbott

·         MolecularMD

·         BioMérieux

·         Illumina

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Key Coverage of the Companion Diagnostics Market:

·         Insightful information regarding the global Companion Diagnostics market

·         Identification of growth in various segments and sub-segments of the Companion Diagnostics market

·         Strategic recommendations for investment opportunities

·         The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate

·         Emerging trends and current market segment analysis to help investors formulate new business strategies

·         Accelerates the decision-making process through the availability of the drivers and limitations

The report provides a comprehensive analysis in an organized manner in the form of tables, graphs, charts, figures, and diagrams. The organized data paves the way for thorough examination and research of the current and future outlook of the market. The report further offers a thorough SWOT and Porter’s Five Forces analysis to impart a better understanding of the competitive landscape of the Companion Diagnostics market.

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