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(Medical-NewsWire.com, November 23, 2017 ) The Middle-East and Africa Companion Diagnostics Market was worth $0.37 billion in 2016 and estimated to be growing at a CAGR of 21.19%, to reach $0.96 billion by 2021.
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Companion diagnostic has the potential to totally modify the drug development process and commercialization of the drug diagnoses will make drugs with a better therapeutic efficiency in a faster and cost-effective way. Companion diagnostics has been extremely advantageous to identify patients with precise biomarkers that have predictive responses.
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Innovative technologies such as next-generation sequencing (NGS), growing acceptance of companion diagnostic kits/tests by the pharmaceutical industry and boost from controlling bodies are anticipated to enhance the market. NGS-based companion diagnostics is one of the major factors that will drive the market due to its ability to identify multiple genes at a single time. Regulatory uncertainty and cost allied with developing drugs are expected to hamper the market growth of companion diagnostic market.
The Middle-East and Africa clinical nutrition market is segmented on the basis of indication into Oncology (Colorectal Cancer, Breast Cancer, Lung Cancer, Melanoma, and Gastric Cancer), Cardiovascular Diseases, Central Nervous System Disorders, Inflammation and Virology Diseases. Further, Oncology is sub-segmented as Colorectal Cancer, Breast Cancer, Lung Cancer, Melanoma, and Gastric Cancer. Oncology being the highest revenue creating segment as most of the companion diagnostics has been developed to detect one or the other cancer biomarkers. On the basis of technology, the market is bifurcated into Immunohistochemistry and molecular diagnostics. Molecular diagnostics is segmented into in-situ hybridization, real-time PCR and gene sequencing.
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Based on geography the Middle-East and Africa market are analyzed under various regions namely, Middle-East and Africa. Africa is expected to grow at highest CAGR in this region for the coming years.
Some of the key participating global players in the companion diagnostics market global 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., Thermo Fisher Scientific Inc. and others.
By Indications:
Oncology
• Colorectal Cancer
• Breast Cancer
• Lung Cancer
• Gastric Cancer
• Melanoma
Inflammation and Autoimmune Diseases
Cardiovascular Diseases
Central Nervous System Disorders
Virology Diseases
By Technology:
Immuno Histochemistry
Molecular Diagnostics
• In-Situ Hybridization
• Real-Time PCR
• Gene Sequencing
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Based on geography the market is analyzed under various regions namely, North America, Latin America, Europe, Asia-Pacific and the Middle East. Due to technological advancement and huge investment in research & development, North America is leading the companion diagnostic market. While Europe and Asia-Pacific are expected to grow at significant growth rate.
North America Companion Diagnostics Market
Europe Companion Diagnostics Market
Asia-Pacific Companion Diagnostics Market
Latin America Companion Diagnostics Market
Middle-East and Africa Companion Diagnostics Market
Some of the key participating global players in the companion diagnostics market global 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., Thermo Fisher Scientific Inc. and others.
The Companion Diagnostics Market study offers the following deliverables:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming
• Segment-level analysis on basis of product type, application, color along with market size forecasts and y-o-y 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 macro and microenvironmental factors that affect the global market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
• A 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
• 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
• Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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