North America & Asia-Pacific Dominating Region for Global Companion Diagnostic Market

FREMONT, Calif. - July 21, 2020 - PRLog -- According to the study published by BIS Research, global companion diagnostics market (https://bisresearch.com/industry-report/global-companion-diagnostics-market.html) is projected to reach $7,536.7 million by 2030 from $1,764.7 million in 2019, at a CAGR of 12.45% during the forecast period of 2020-2030.

The North America region is expected to dominate the global companion diagnostics market during the forecast period, 2020-2030. The significant role of the U.S. FDA in the development of effective and suitable guidelines and policies regarding the development of CDx has substantially reduced the time required to review a companion diagnostic solution. These guidelines have not only increased Pre-market Approval (PMA) review efficiency but have also enhanced market penetration. Further, established diagnostics manufacturers are focusing on expanding their portfolio in NGS-based companion diagnostics for oncology and non-oncology indications and also on collaborating with service providers and pharma giants to co-market companion diagnostics solutions with the tailored drug, these factors are further boosting the U.S. CDx market growth.

View Report : https://bisresearch.com/industry-report/global-companion-diagnostics-market.html

The Asia-Pacific region is expected to witness the highest CAGR of XX% during the forecast period, 2020-2030. The growth in the Asia-Pacific market is expected to be further enhanced by other factors such as an increase in healthcare awareness, steady economy leading to higher focus on research, widespread adoption of precision medicine as the standard of care.

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Key Questions Answered in the Report:

·         What are the long-term and short-term impacts of companion diagnostics on the human health continuum?

·         What are the major market drivers, challenges, and opportunities in the global companion diagnostics market?

·         What are the key development strategies which are implemented by the major players in order to sustain in the competitive market?

·         What are the key regulatory implications in developed and developing regions for the global companion diagnostics market?

·         How is the patent landscape in the industry shaping up future technological trends?

About BIS Research:

BIS Research (http://bisresearch.com/) (Business Intelligence and Strategy Research) is a global B2B market intelligence and advisory firm which focuses on those emerging trends in technology which are likely to disrupt the dynamics of the market.

With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials & Chemicals, Aerospace and Defence, Automotive, Healthcare, Electronics & Semiconductors, Robotics & UAV and other emerging technologies.