Companion Diagnostics Market - By Type: Genetic Tests, Protein Biomarker Tests, Companion Drug Tests. By Application: Oncology, Neurology, Infectious Diseases, Cardiology. By End-user: Hospitals, Clinics, Research Institutes. By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
The global companion diagnostics (CDx) market is witnessing a significant transformation as precision medicine reshapes modern healthcare. Valued at USD 6.1 billion in 2023, the market is projected to reach USD 17.8 billion by 2031, growing at a 14.4% CAGR ClearView Market Insights, 2024. Three primary forces are driving this growth surge:
Precision Oncology at the Forefront
Pharma-Diagnostic Co-Development Models
Rising Demand in Non-Oncology Applications
Product Innovation Deep Dive
Oncology-Focused Companion Diagnostics
NGS Panels for Solid Tumors
Liquid Biopsy Innovations
Tumor Microenvironment Profiling
Non-Oncology Expansion Areas
Cardiovascular CDx
Neurological Disorders
Infectious Disease Applications
Industry-Specific Advancements
Pharma-CDx Integration
Clinical and Lab Advancements
|
Technology |
2024 Benchmark |
Commercialization |
Key Innovation |
|
Digital Pathology-CDx |
Adopted by 60% of US labs |
2025 |
AI-enhanced image analysis for biomarker quantification |
|
At-Home CDx Kits |
Pilot launches in EU |
2026 |
Patient-collected saliva tests for pharmacogenomic guidance |
|
AI-Powered CDx Engines |
Early-phase trials |
2027 |
ML-driven matching of patients to targeted therapies |
Competitive Landscape
Market Leaders
|
Company |
Specialization |
2024 Initiative |
Market Share |
|
Roche Diagnostics |
Oncology CDx |
Expansion of FoundationOne CDx for new indications |
22% |
|
Thermo Fisher |
NGS-Based CDx |
Launch of Oncomine Dx Express Test |
18% |
|
Qiagen |
PCR-Based CDx |
FDA approval for therascreen EGFR assay expansion |
14% |
Emerging Disruptors
Future Outlook
2024–2026
2027–2029
2030+
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