North America Companion Diagnostics Devices Market | Grows at CAGR 18.5%

North America Companion Diagnostics Devices Market

North America Companion Diagnostics Devices Market Overview:

North America Companion Diagnostics Devices market is anticipated to record an 18.5% CAGR over the forecast period. Some variables driving market growth include rising demand and awareness of personalized medicine and targeted therapy, rising instances of adverse drug reactions, technological demands.

The U.S. requires an outstanding attitude to controlling innovative companion diagnostic equipment. The US Food and Drug Administration FDA -approved diagnostic assays play an increasingly prevalent role in managing patients to extend their lifespan while also improving quality of life. Diagnostic assays were discovered crucial for the secure and efficient use of therapy companion diagnosis.

North America Companion Diagnostics Devices Market Scope of the Report:

Companion diagnostic tests provide data important for the secure and efficient use of a drug or biological product. As per the report s scope, technology, indications, and geography segmented the market studied. The market was further segmented by technology into immunohistochemistry, polymerase chain response, in-situ hybridization, real-time polymerase chain reaction, gene sequencing, and other techniques.

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North America Companion Diagnostics Devices Market Key trends:

In-situ hybridization ISH segment is expected to show faster growth rate:

Over the forecast period, in-situ hybridization ISH, particularly in-situ fluorescence hybridization FISH , is a reliable, reproducible, responsive and precise method less impacted by tissue fixation and analytical variables compared to immunochemistry and other methods. It benefits from concurrent morphology assessment and gene amplification. FISH has been the technique of choice for use in companion diagnostics for several cancer therapies, such as trastuzumab, lapatinib, and criotinib, which have already been approved by FDA and other therapies, such as everolimus, ridaforolimus, bicatulamide, TBD, and other drugs that still need legislative permission.

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North America Companion Diagnostics Devices Market Competitive Landscape:

The North America Companion Diagnostics Devices industry is extremely competitive, with a few significant players. Companies including Abbott, Agilent Technologies Inc., Biomerieux SA, Danaher Corporation Beckman Coulter Inc., F. Hoffmann-La Roche Ltd, Qiagen NV, Siemens Healthcare, Thermo Fisher Scientific Inc., have significant market share in the Companion Diagnostics Devices industry.

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