Companion Diagnostics Market | Exactitude Consultancy Reports

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Companion Diagnostics Market Overview
The Companion Diagnostics Market Is Expected To Grow At 13.34% CAGR From 2021 To 2029. It Is Expected To Reach Above USD 13.23 Billion By 2029 From USD 3.5 Billion In 2020.

Companion diagnostics are in-vitro tests that provide information about patients’ therapeutic responses to a specific treatment. It is an in vitro medical device that provides information necessary for the safe and effective management of a corresponding drug or biological product. This diagnostic test assists a physician in determining whether a specific therapeutic product is beneficial to patients and can outweigh any potential serious side effects or risks.

The increase in various types of cancer among people is primarily driving market growth. As the number of clinical trials increases and the demand for next-generation sequencing grows, so will the growth of the companion diagnostic market. Another factor driving such growth is the importance of this market’s products in the production of various types of drugs.
Segment Analysis
The companion diagnostics market is segmented based on products, technology, indication, end user, and region, global trends and forecast.

On the basis of products, the market is segmented into assays, kits & reagents, software & services. Due to increase in demand for kits and reagents, the assays, kits and reagents segment is estimated to lead.

On the basis of technology, the market is segmented into polymerase chain reaction, next-generation sequencing, in situ hybridization, immunohistochemistry.

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