The Esoteric Testing Market size is set to exceed USD 39 billion by 2025; according to a new research report by Global Market Insights. Increasing prevalence of chronic diseases and infectious diseases in developing countries such as China, India, etc. along with rising geriatric population highly susceptible to suffer from chronic disorders will drive esoteric testing market over the forecast timeframe.
Rising number of people suffering from rare diseases has escalated burden on healthcare systems to develop innovative test solutions, thereby fueling industry growth. Furthermore, sophistication of laboratory equipment leading to growing adoption of ground breaking technologies such as flow cytometry, mass spectrometry and real time-PCR will favor industry growth.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1922
Growing awareness about early disease detection along with rising demand for genomics and proteomic will positively impact esoteric testing market growth over the forecast period. However, lack of trained professionals and stringent regulations related with esoteric tests will restrain industry growth in future.
Infectious disease esoteric testing market dominated the industry in 2018 with around 28% market share followed by endocrinology, that is anticipated to witness considerable growth over the coming years. Rising incidence of infectious diseases coupled with growing demand for advanced molecular tests for identifying rare molecules present in the body will drive segment growth. Rising awareness about pre-disease diagnosis and treatment will further stimulate demand for esoteric tests over the coming years.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Myriad Genetics
• Litholink / Laboratory Corporation of America
• Mayo Medical Laboratories
• Miraca Holdings Inc.
• Immunological laboratories BV
• Quest Diagnostics
• Genomic Health
• ARUP Laboratories
• ACM Global Laboratories
• Esoteric Laboratories
• Fulgent Genetics
• OPKO Health, Inc.
Chemiluminescence esoteric technology market dominated global industry in 2018 and is anticipated to witness over 10.5% CAGR owing to high adoption of chemiluminescence in esoteric testing due to its high efficiency along with necessity of small sample. Superior sensitivity and accuracy delivered by this technology using low analyte concentration will further stimulate business growth.
ELISA esoteric technology market accounted for over 20% market share in 2018 due to its growing application in detection of various analytes. Moreover, ELISA is a common technique for basic research, drug discovery program, and high throughput screening performed in laboratories. New developments in biomarker field leading to availability of new targets will generate revenue growth for the segment.
Real time-PCR esoteric technology market is estimated to witness around 10.3% CAGR over the forecast period. Growing adoption and application of real time-PCR as compared to other conventional techniques due to its superior specificity, sensitivity and speed with reduced contamination risk will drive segment growth. Technological advancements in the field of PCR coupled with growing investments towards PCR-based research will further propel business growth.
Germany esoteric testing market should grow at more than 9.8% CAGR owing to increasing incidence of rare and complex diseases along with adoption of high cutting-edge technology. Germany has well-developed National Rare Disease Plan with centralized core programs for neonatal screening, national funding, access to treatments, robust research plans, coordinated networks and cross-border collaborations for rare diseases, that will eventually propel industry growth.
Developing healthcare infrastructure, growing awareness about early disease detection and numerous initiatives undertaken by the government will drive India esoteric testing market to reach USD 1.4 billion by 2025. Initiatives such as action plan to eradicate Visceral leishmaniasis (VL) by 2017 undertaken by government will fuel industry growth. Furthermore, increasing elderly population in the country will stimulate demand for esoteric tests over the coming years.
Esoteric Testing Market by Test-type
2 Infectious disease & immunology
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1922
Chapter 1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
184.108.40.206. Paid sources
220.127.116.11. Unpaid sources
Chapter 2. Executive Summary
2.1. Esoteric testing industry 3600 synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Test-type trends
2.1.3. Technology trends
2.1.4. Regional trends
Chapter 3. Esoteric Testing Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.2. Industry pitfalls & challenges
3.4. Growth potential analysis
3.4.1. By test-type
3.4.2. By technology
3.5. Types of business models
3.5.1. Mobile lab services
3.5.2. Full service diagnostics
3.5.3. Reference/ Consulting Services
Chapter 4. Esoteric Testing Market, By Test Type
4.1. Key segment trends
4.2.1. Market estimates and forecast, by region, 2014 – 2025
4.3. Infectious disease & immunology
4.3.1. Market estimates and forecast, by region, 2014 – 2025
4.4.1. Market estimates and forecast, by region, 2014 – 2025
4.5.1. Market estimates and forecast, by region, 2014 – 2025
4.6.1. Market estimates and forecast, by region, 2014 – 2025
4.7.1. Market estimates and forecast, by region, 2014 – 2025
4.8.1. Market estimates and forecast, by region, 2014 – 2025
Browse Full Report Details @ https://www.gminsights.com/industry-analysis/esoteric-testing-market
TABLE 1. Esoteric testing industry 3600 synopsis, 2013 – 2024
TABLE 2. Global esoteric testing market, 2013 – 2017 (USD Million)
TABLE 3. Global esoteric testing market, 2018 – 2024 (USD Million)
TABLE 4. Global esoteric testing market, by test type, 2013 – 2017 (USD Million)
TABLE 5. Global Esoteric testing market, by test type, 2018 – 2024 (USD Million)
TABLE 6. Global esoteric testing market, by technology, 2013 – 2017 (USD Million)
TABLE 7. Global esoteric testing market, by technology, 2018 – 2024 (USD Million)
TABLE 8. Global esoteric testing market, by region, 2013 – 2017 (USD Million)
TABLE 9. Global esoteric testing market, by region, 2018 – 2024 (USD Million)
TABLE 10. Industry impact forces