Europe Companion Diagnostics Market

High disposable income is leading to the growth of the Europe Companion
Diagnostics Market
Companion diagnostics are tests to understand which patient may benefit from a certain drug or what
dosage ought to be prescribed based totally upon patient’s clinical prognosis, which provides the
evidence required for the successful prescription of an equivalent drug to deal with the medical
situation. Those are medical devices that support doctors to select which treatment and dosage must
the patients receive, personalized to their necessity. Technological improvements have delivered lots of
adjustments in the approach of disease treatment. Companion diagnostics is characterized by means of
growing requirement for enhanced personalized patient treatment that gives healthcare vendors and
their patients a guarantee about the treatment being adopted, contrary to standard treatment method.
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The Europe companion Diagnostics market was calculated to be around USD 606.1 million in 2016 and is
estimated to be growing at a CAGR of 20.66%, to reach USD 1,802.3 million by means of 2022.
Drivers and Restraints:
The growth of the Europe Companion diagnostics market is enhanced by the innovation of new
technological advancements in the healthcare industry and also due to the increase in numerous
treatment methods. The key drivers for this market are the rise in the discovery of biomarkers and coimprovement of drug and corresponding diagnostic tools.
However, high price of medicinal drugs is hampering the growth of this market. Also, huge cost of
present-day technologies act as a key barrier to the growth of the companion diagnostics market in
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Geographic Segmentation
Based on geography the European market is analyzed under diverse regions specifically, Germany, U.K,
Spain, Italy, and France. With the increasing projects from authorities, Germany is developing at the
highest charge in this region. Germany is the leading market for partner diagnostics due to speedy
technical inventions, massive investment on research and a massive number of healthcare companies in
this vicinity. Whereas, Europe is projected to develop at a substantial increase due to a large customer
base, growing considerations for enhancing healthcare infrastructure, and excessive disposable
earnings. The European Governments are also facing severe economic pressure due to rising healthcare
expenses and are have implemented several initiatives to tackle this issue.
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The key players of the market include 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.
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market
potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market
dynamics and trends are discussed in detail at the product level. Further, the performance of the market
at the regional and country-level is assessed and the prospects with high growth potential are identified
and debated.
The key players in the industry are profiled providing insights on their financial performance, market
position and growth strategies. Comparative analysis on prime strategical activities of the market
players delineating the key developments like mergers & acquisitions, collaborations and an evaluation
of the competitive environment within the industry are provided. The report also offers a broad outlook
of the market along with recommendations from industry experts on the opportunities for investment
What else? Apart from the syndicated report, our in-house team has an expertise and experience in
designing custom reports to meet your specific research needs and assist you in making well-informed
Contact Info:
Name: Mr. Abhishek Shukla
Email: [email protected]
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626

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