The global companion diagnostics market is expected to grow from USD 3.73 billion in 2019 to USD 12.01 billion by 2027, at a CAGR of 15.86% during the forecast period 2020-2027.
A companion diagnostics is used as a companion to test the applicability of a therapeutic drug on an individual. They are developed to select or exclude a group suitable for a particular treatment based on biological factors. It helps to eliminate any potential risks of side effects of medicine. The driving factors are the constant R&D, rise in the demand for personalized medication in various economies and the growing genetic diseases.
This study delivers a comprehensive analysis of technology, product and services, indication, end-user and regions. The technology segment includes immunohistochemistry, polymerase chain reaction, next-generation sequencing, in situ hybridization and others. Polymerase chain reaction accounts for the largest market share. The reason is the ease of use and availability of PCR kits all over the world. The growing applications of PCR in medical science and high turnaround time of PCR are some of the vital factors contributing to the growth. Product and services segment includes assay, kit, software & survey. The software and survey segment is expected to grow at a high CAGR. This is because companion diagnostics works on the principle of data analysis of individuals. The indication segment includes breast, cardiovascular disease, lungs and colorectal cancer. Among all, colorectal cancer has the highest market share. It requires effective treatment which can be done by explicitly aiming to an individual's biological factors. The end-user segment includes pharmaceuticals, companies and CRO. Pharmacies are expected to grow at the highest market share as the use of companion diagnostics in personalized medicines are increasing.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific is the region which is expected to grow at the highest CAGR. The rise in the number of diseases like cancer has led to the adoption of more advance medical equipments. Also, the increased government initiative and growing awareness among people have been the contributing factors.
Some of the notable players in companion diagnostics market are Agilent Technologies Inc., Danaher Corporation, Abbott Laboratories, Illumina Inc., Thermo Fisher Scientific Inc., Abnova Corporation, Sysmex Corporation, Almac Group, bioMerieux, Guardant Health Inc., F. Hoffmann La Roche AG, QIAGEN N.V. and others.
This study forecasts revenue growth at global, regional, and country levels from 2020 to 2027. Fior Markets has segmented the market based on below-mentioned segments:
Global Companion Diagnostics Market Analysis And Forecast, By Technology
Global Companion Diagnostics Market Analysis And Forecast, By Product and Services
Global Companion Diagnostics Market Analysis And Forecast, By Indication
Global Companion Diagnostics Market Analysis And Forecast, By End-User
Global Companion Diagnostics Market Analysis And Forecast, By Region
1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Technology
          4.3.2. Market Attractiveness Analysis By Product and Services
          4.3.3. Market Attractiveness Analysis By Indication
          4.3.4. Market Attractiveness Analysis By End User
          4.3.5. Market Attractiveness Analysis By Region
    4.4. Industry Trends
5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
    5.3. Restrains
    5.4. Opportunities
    5.5. Challenges
6. Global Companion Diagnostics Analysis and Forecast, By Technology
    6.1. Segment Overview
    6.2. Immunohistochemistry
    6.3. Polymerase Chain Reaction
    6.4. Next-Generation Sequencing
    6.5. In Situ Hybridization
    6.6. Others
7. Global Companion Diagnostics Analysis and Forecast, By Product and Services
    7.1. Segment Overview
    7.2. Assay
    7.3. Kit
    7.4. Software & Survey
8. Global Companion Diagnostics Analysis and Forecast, By Indication
    8.1. Segment Overview
    8.2. Breast
    8.3. Cardiovascular Disease
    8.4. Lungs
    8.5. Colorectal Cancer
9. Global Companion Diagnostics Analysis and Forecast, By End User
    9.1. Segment Overview
    9.2. Pharmaceuticals
    9.3. Companies
    9.4. CRO
10. Global Companion Diagnostics Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa
11. Global Companion Diagnostics-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in Global Companion Diagnostics
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Product Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions
12. Company Profiles
    12.1. Agilent Technologies Inc.
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Product Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. Danaher Corporation
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Product Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. Abbott Laboratories
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Product Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. Illumina Inc.
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Product Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. Thermo Fisher Scientific Inc.
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Product Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. Abnova Corporation
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Product Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis
    12.7. Sysmex Corporation
          12.7.1. Business Overview
          12.7.2. Company Snapshot
          12.7.3. Company Market Share Analysis
          12.7.4. Company Product Portfolio
          12.7.5. Recent Developments
          12.7.6. SWOT Analysis
    12.8. Almac Group
          12.8.1. Business Overview
          12.8.2. Company Snapshot
          12.8.3. Company Market Share Analysis
          12.8.4. Company Product Portfolio
          12.8.5. Recent Developments
          12.8.6. SWOT Analysis
List of Table
1. Global Companion Diagnostics, By Technology, 2017–2027(USD Billion)
2. Global Immunohistochemistry, Companion Diagnostics, By Region, 2017–2027(USD Billion)
3. Global Polymerase Chain Reaction, Companion Diagnostics, By Region, 2017–2027(USD Billion)
4. Global Next-Generation Sequencing, Companion Diagnostics, By Region, 2017–2027(USD Billion)
5. Global In Situ Hybridization, Companion Diagnostics, By Region, 2017–2027(USD Billion)
6. Global Others, Companion Diagnostics, By Region, 2017–2027(USD Billion)
7. Global Companion Diagnostics, By Product and Services, 2017–2027(USD Billion)
8. Global Assay Companion Diagnostics, By Region, 2017–2027(USD Billion)
9. Global Kit Companion Diagnostics, By Region, 2017–2027(USD Billion)
10. Global Software & Survey Companion Diagnostics, By Region, 2017–2027(USD Billion)
11. Global Companion Diagnostics, By Indication, 2017–2027(USD Billion)
12. Global Breast Companion Diagnostics, By Region, 2017–2027(USD Billion)
13. Global Cardiovascular Disease Companion Diagnostics, By Region, 2017–2027(USD Billion)
14. Global Lungs Companion Diagnostics, By Region, 2017–2027(USD Billion)
15. Global Colorectal Cancer Companion Diagnostics, By Region, 2017–2027(USD Billion)
16. Global Companion Diagnostics, By End User, 2017–2027(USD Billion)
17. Global Pharmaceuticals Companion Diagnostics, By Region, 2017–2027(USD Billion)
18. Global Companies Companion Diagnostics, By Region, 2017–2027(USD Billion)
19. Global CRO Companion Diagnostics, By Region, 2017–2027(USD Billion)
20. Global Companion Diagnostics, By Region, 2017–2027(USD Billion)
21. Global Companion Diagnostics, By North America, 2017–2027(USD Billion)
22. North America Companion Diagnostics, By Technology, 2017–2027(USD Billion)
23. North America Companion Diagnostics, By Product and Services, 2017–2027(USD Billion)
24. North America Companion Diagnostics, By Indication, 2017–2027(USD Billion)
25. North America Companion Diagnostics, By End User, 2017–2027(USD Billion)
26. U.S. Companion Diagnostics, By Technology, 2017–2027(USD Billion)
27. U.S. Companion Diagnostics, By Product and Services, 2017–2027(USD Billion)
28. U.S. Companion Diagnostics, By Indication, 2017–2027(USD Billion)
29. U.S. Companion Diagnostics, By End User, 2017–2027(USD Billion)
30. Canada Companion Diagnostics, By Technology, 2017–2027(USD Billion)
31. Canada Companion Diagnostics, By Product and Services, 2017–2027(USD Billion)
32. Canada Companion Diagnostics, By Indication, 2017–2027(USD Billion)
33. Canada Companion Diagnostics, By End User, 2017–2027(USD Billion)
34. Mexico Companion Diagnostics, By Technology, 2017–2027(USD Billion)
35. Mexico Companion Diagnostics, By Product and Services, 2017–2027(USD Billion)
36. Mexico Companion Diagnostics, By Indication, 2017–2027(USD Billion)
37. Mexico Companion Diagnostics, By End User, 2017–2027(USD Billion)
38. Europe Companion Diagnostics, By Technology, 2017–2027(USD Billion)
39. Europe Companion Diagnostics, By Product and Services, 2017–2027(USD Billion)
40. Europe Companion Diagnostics, By Indication, 2017–2027(USD Billion)
41. Europe Companion Diagnostics, By End User, 2017–2027(USD Billion)
42. Germany Companion Diagnostics, By Technology, 2017–2027(USD Billion)
43. Germany Companion Diagnostics, By Product and Services, 2017–2027(USD Billion)
44. Germany Companion Diagnostics, By Indication, 2017–2027(USD Billion)
45. Germany Companion Diagnostics, By End User, 2017–2027(USD Billion)
46. France Companion Diagnostics, By Technology, 2017–2027(USD Billion)
47. France Companion Diagnostics, By Product and Services, 2017–2027(USD Billion)
48. France Companion Diagnostics, By Indication, 2017–2027(USD Billion)
49. France Companion Diagnostics, By End User, 2017–2027(USD Billion)
50. U.K. Companion Diagnostics, By Technology, 2017–2027(USD Billion)
51. U.K. Companion Diagnostics, By Product and Services, 2017–2027(USD Billion)
52. U.K. Companion Diagnostics, By Indication, 2017–2027(USD Billion)
53. U.K. Companion Diagnostics, By End User, 2017–2027(USD Billion)
54. Italy Companion Diagnostics, By Technology, 2017–2027(USD Billion)
55. Italy Companion Diagnostics, By Product and Services, 2017–2027(USD Billion)
56. Italy Companion Diagnostics, By Indication, 2017–2027(USD Billion)
57. Italy Companion Diagnostics, By End User, 2017–2027(USD Billion)
58. Spain Companion Diagnostics, By Technology, 2017–2027(USD Billion)
59. Spain Companion Diagnostics, By Product and Services, 2017–2027(USD Billion)
60. Spain Companion Diagnostics, By Indication, 2017–2027(USD Billion)
61. Spain Companion Diagnostics, By End User, 2017–2027(USD Billion)
62. Asia Pacific Companion Diagnostics, By Technology, 2017–2027(USD Billion)
63. Asia Pacific Companion Diagnostics, By Product and Services, 2017–2027(USD Billion)
64. Asia Pacific Companion Diagnostics, By Indication, 2017–2027(USD Billion)
65. Asia Pacific Companion Diagnostics, By End User, 2017–2027(USD Billion)
66. Japan Companion Diagnostics, By Technology, 2017–2027(USD Billion)
67. Japan Companion Diagnostics, By Product and Services, 2017–2027(USD Billion)
68. Japan Companion Diagnostics, By Indication, 2017–2027(USD Billion)
69. Japan Companion Diagnostics, By End User, 2017–2027(USD Billion)
70. China Companion Diagnostics, By Technology, 2017–2027(USD Billion)
71. China Companion Diagnostics, By Product and Services, 2017–2027(USD Billion)
72. China Companion Diagnostics, By Indication, 2017–2027(USD Billion)
73. China Companion Diagnostics, By End User, 2017–2027(USD Billion)
74. India Companion Diagnostics, By Technology, 2017–2027(USD Billion)
75. India Companion Diagnostics, By Product and Services, 2017–2027(USD Billion)
76. India Companion Diagnostics, By Indication, 2017–2027(USD Billion)
77. India Companion Diagnostics, By End User, 2017–2027(USD Billion)
78. South America Companion Diagnostics, By Technology, 2017–2027(USD Billion)
79. South America Companion Diagnostics, By Product and Services, 2017–2027(USD Billion)
80. South America Companion Diagnostics, By Indication, 2017–2027(USD Billion)
81. South America Companion Diagnostics, By End User, 2017–2027(USD Billion)
82. Brazil Companion Diagnostics, By Technology, 2017–2027(USD Billion)
83. Brazil Companion Diagnostics, By Product and Services, 2017–2027(USD Billion)
84. Brazil Companion Diagnostics, By Indication, 2017–2027(USD Billion)
85. Brazil Companion Diagnostics, By End User, 2017–2027(USD Billion)
86. Middle East and Africa Companion Diagnostics, By Technology, 2017–2027(USD Billion)
87. Middle East and Africa Companion Diagnostics, By Product and Services, 2017–2027(USD Billion)
88. Middle East and Africa Companion Diagnostics, By Indication, 2017–2027(USD Billion)
89. Middle East and Africa Companion Diagnostics, By End User, 2017–2027(USD Billion)
90. UAE Companion Diagnostics, By Technology, 2017–2027(USD Billion)
91. UAE Companion Diagnostics, By Product and Services, 2017–2027(USD Billion)
92. UAE Companion Diagnostics, By Indication, 2017–2027(USD Billion)
93. UAE Companion Diagnostics, By End User, 2017–2027(USD Billion)
94. South Africa Companion Diagnostics, By Technology, 2017–2027(USD Billion)
95. South Africa Companion Diagnostics, By Product and Services, 2017–2027(USD Billion)
96. South Africa Companion Diagnostics, By Indication, 2017–2027(USD Billion)
97. South Africa Companion Diagnostics, By End User, 2017–2027(USD Billion)
List of Figures
1. Global Companion Diagnostics Segmentation
2. Companion Diagnostics: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Companion Diagnostics Attractiveness Analysis By Technology
9. Global Companion Diagnostics Attractiveness Analysis By Product and Services
10. Global Companion Diagnostics Attractiveness Analysis By Indication
11. Global Companion Diagnostics Attractiveness Analysis By End User
12. Global Companion Diagnostics Attractiveness Analysis By Region
13. Global Companion Diagnostics: Dynamics
14. Global Companion Diagnostics Share By Technology (2019 & 2027)
15. Global Companion Diagnostics Share By Product and Services (2019 & 2027)
16. Global Companion Diagnostics Share By Indication (2019 & 2027)
17. Global Companion Diagnostics Share By End User (2019 & 2027)
18. Global Companion Diagnostics Share by Regions (2019 & 2027)
19. Global Companion Diagnostics Share by Company (2019)
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