(EMAILWIRE.COM, May 01, 2018 ) In December, 2017, a well-known company within the diagnostics market, HTG Molecular diagnostics, collaborated with its competitor Merck KGaA, for increasing their resources of research and help one another invent newer medicine in the field. With corporations increasing their collaborations for a much better quality of biomarkers and diagnostics to concentrate on price regulations, there have been a major variety of opportunities for its applications in indications excluding cancer.
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The Asia-Pacific Companion diagnostics Market was valued at USD 418.0 million in 2016 and is predicted to be growing at a CAGR of 24.73%, to achieve USD 1,507.1 million by 2022. The high rise in the capital is considered the basis for the anticipated high rate of growth in the near future for this market.

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Drivers and Restraints:
The oncology section of the market is predicted to account for the biggest share of the regional companion diagnostics market within the whole of the forecast time period. It is additionally the quickest growing section attributable to the increasing incidence of varied varieties of cancer cases across the region and also the rising range of clinical trials targeting cancer biomarkers for breast, and prostate cancers.
Companion diagnostics combined with targeted medicine are being seen as a significant breakthrough within the customized medication field. Key factors driving the companion diagnostics market also include the accelerated drug regulatory approvals and improved potency of the profile of medication and reduced health care expenditure. The modification in regulatory policies is additionally expected to spice up the adoption of companion diagnostics across the region.

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Geographical Segmentation:
Based on geography the Asia-Pacific market is examined as numerous regions like, China, India, Japan, South Korea and Australia. Because of the speedy increase in the proportion of the aging population in them, the developing countries like China and India act as the quickest growing markets within this region.

Some of the key participating players in companion diagnostics market global market are Abbott Molecular Inc., Roche Molecular Systems Inc., Leica Biosystems Nussloch GmbH, bioMérieux Inc., Dako Inc., Qiagen Ltd., Myriad Genetics Inc., Biogenex Laboratories Inc., Ventana Medical Systems Inc., Thermo Fisher Scientific Inc. and other companies.

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