Research Reports
Companion Diagnostics Market Set to Encounter Paramount Growth Till 2027
Published by Coherent Market Insights
Posted on September 27, 2021
5 min readLast updated: February 2, 2026
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Published by Coherent Market Insights
Posted on September 27, 2021
5 min readLast updated: February 2, 2026
The Companion Diagnostics Market is poised for growth by 2027, driven by cancer prevalence and new product developments.
The Companion Diagnostics Market is predicted to possess a highly positive outlook over the forecast period 2021-2027 consistent with a research report. The report stresses the foremost recent advancements, development, new chances, and growth. It gives a comprehensive position of the Companion Diagnostics. The Companion Diagnostics research report covers this scenario and therefore the growth prospects of the worldwide Companion Diagnostics Industry for 2021-2027. The report enlists several important factors, ranging from the fundamentals to advanced market intelligence which plays an important part in strategizing. Companion Diagnostics manufacturers and may be a valuable source of guidance and direction for companies and individuals curious about the Companion Diagnostics industry.
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Key Vendors of Companion Diagnostics Market:
Abbott Laboratories, Agilent Technologies Inc., Danaher Corporation, Qiagen N.V., F. Hoffmann-La Roche AG, bioMerieux S.A., Illumina, Inc., GE Healthcare, Myriad Genetics Inc., and Siemens Healthineers.
Companion diagnostics is a clinically established diagnostic tool used in conjunction with a therapeutic agent to identify the applicability of that drug to an individual patient. Companion diagnosis is generally the last step of drug management and usually involves a process of screening, evaluating, and prescribing medication based on the findings of companion diagnostics. A companion diagnose determines whether a particular drug therapy is suitable for the patient in terms of safety, toleration, and response to treatment. It is basically an advanced form of drug management that focuses on evaluating and implementing personalized treatment plans based on known medical issues and considerations.
Market Dynamics
Increasing prevalence of cancer is expected to propel growth of the global companion diagnostics market over the forecast period. For instance, according to the American Cancer Society, in 2020, around 276,480 new cases of invasive breast cancer will be diagnosed in women and the disease will lead to around 42,170 deaths, in the U.S. Moreover, increasing development and commercialization of new products is also expected to aid in growth of the market. For instance, in November 2020, LabCorp announced an expanded agreement with BML, a leading Japanese provider of clinical laboratory testing services, to provide development and delivery of companion diagnostics in Japan.
Increasing commercialization and distribution of new products is expected to offer lucrative growth opportunities for players in the global companion diagnostics market. For instance, in August 2020, HTG Molecular Diagnostics, Inc., a life science company, signed a commercialization and distribution agreement with QIAGEN Manchester Limited, a wholly owned subsidiary of QIAGEN N.V., for distribution and commercialization of companion diagnostic assays based on HTG EdgeSeq, HTG’s novel RNA platform.
Companion Diagnostics Market Reports cover complete modest outlook with the market stake and company profiles of the important contestants working in the global market. The Companion Diagnostics Market offers a summary of product Information, production analysis, technology, product type, considering key features such as gross, gross margin, gross revenue, revenue, cost.
Key Stakeholders Covered within this Companion Diagnostics Market Report:
Lastly, this report covers the market Outlook and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the significant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an short summary on potential regional market.
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The post Companion Diagnostics Market Set to Encounter Paramount Growth Till 2027 appeared first on Gatorledger.
The article discusses the growth prospects of the Companion Diagnostics Market from 2021 to 2027.
Key players include Abbott Laboratories, Agilent Technologies, and F. Hoffmann-La Roche AG.
Increasing cancer prevalence and new product developments are major growth drivers.
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