+1-888-308-5802     
News Contact Us

Esoteric Testing Market 2020 By Revenue, Top Trend & Regional Growth Forecast

Author : Ronak Bora | Published Date : 2020-09-16 

Esoteric Testing Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Consistent growth in the geriatric population prone to chronic diseases, rising prevalence of complex and infectious diseases along with their early detection will augment the esoteric testing market outlook. Sophisticated clinical laboratories have paved the way for modern technologies like mass spectrometry and real time-PCR. This technical implementation along with unhealthy diets and sedentary lifestyles in developing countries is likely to enhance the industry forecast in the next few years.

A constant need for proteomics and genomics clubbed with advanced molecular tests will drive the adoption of esoteric tests. Based on estimates from a Global Market Insights Inc. report, the global esoteric testing market size is anticipated to cross an annual valuation of USD 39 billion by 2025.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/1922

Rising demand for proteomics and genomics, that are advanced molecular testing mechanism to early disease detection will stimulate testing needs. Esoteric tests that are being conducted under stringent regulations as it leads to increased burden on laboratories and delayed introduction of new tests in the market.

Prevalence of chronic diseases like cancer has propelled awareness about and importance of early detection, which will drive oncology esoteric testing industry share,  expected to witness nearly 11.2% CAGR during the next few years. With newly introduced tests like BRCAvantage, developed by Quest Diagnostics for Hereditary Breast and Ovarian Cancer (HBOC) syndrome patients, significant rise in the number of clinical laboratory tests can be observed.

Spectrometry is an analytical technique that is used for spectroscopic analysis of sample material or substance. Furthermore, the application of mass spectrometry is used in several lab tests such as vitamin D testing, therapeutic drug monitoring, endocrinology and toxicology screening will propel mass spectrometry esoteric technology market which is expected to account for around 18% market share by 2025. Growing preference in the adoption of mass spectrometry as compared to other available technologies is due to precision in test results.

Due to high prevalence of rare diseases and advancement of technology used in medical science and research, U.S. esoteric testing market recorded nearly 35% of total regional share in 2018.  Several initiatives favoring industry growth in the region are 21st Century Cures Act and Obama’s Precision Medicine Initiative.

Surge in patient population base suffering from severe medical conditions, rising number of baby boomers and introduction of government undertaken initiatives to develop enhanced medical solutions to treat rare diseases will boost Japan esoteric testing industry, breaching the US$3.5 billion value market by 2025.

In 2015 Japan Agency for Medical Research and Development collaborated with, Nan-Byo researchers and Japanese universal healthcare system in a view to launch an initiative on Rare and Undiagnosed Diseases (IRUD).

Some leading providers of esoteric testing are Laboratory Corporation of America, Nordic Laboratories, Quest Diagnostics, Miraca Holdings, Genomic Health, Opko Health, American Esoteric Laboratories (AEL), ACM Global Laboratories, Arup Laboratories, Myriad Genetics, Fulgent Genetics, Invitae, Mayo Medical Laboratories and BioMONTR.

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/esoteric-testing-market

Partial Chapter of the Table of Content 

Chapter 4. Esoteric Testing Market, By Test Type

4.1. Key segment trends

4.2. Endocrinology

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. Oncology

4.4.1. Market estimates and forecast, by region, 2014 – 2025

4.5. Toxicology

4.5.1. Market estimates and forecast, by region, 2014 – 2025

4.6. Neurology

4.6.1. Market estimates and forecast, by region, 2014 – 2025

4.7. Genomics

4.7.1. Market estimates and forecast, by region, 2014 – 2025

4.8. Others

4.8.1. Market estimates and forecast, by region, 2014 – 2025

Chapter 5. Esoteric Testing Market, By Technology

5.1. Key segment trends

5.2. Mass spectrometry

5.2.1. Market estimates and forecast, by region, 2014 – 2025

5.3. Flow cytometry

5.3.1. Market estimates and forecast, by region, 2014 – 2025

5.4. ELISA

5.4.1. Market estimates and forecast, by region, 2014 – 2025

5.5. Radioimmunoassay

5.5.1. Market estimates and forecast, by region, 2014 – 2025

5.6. Chemiluminescence

5.6.1. Market estimates and forecast, by region, 2014 – 2025

5.7. RT-PCR

5.7.1. Market estimates and forecast, by region, 2014 – 2025

5.8. Others

5.8.1. Market estimates and forecast, by region, 2014 – 2025

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

Related News

North America Beverage Refrigeration Market Growth Predicted at 5% CAGR through 2024

Published Date: 2020-09-21         Author: Ronak Bora

The research report on North America Beverage Refrigeration Market offers a thorough understanding on this industry with significant details subject to its overall foothold in the global landscape and its application across major end-user industries and sectors. According to this report, North Am... Read More

North America Breast Implants Market Size to Expand at Over 9% CAGR through 2025

Published Date: 2020-09-21         Author: Ronak Bora

The study on North America Breast Implants Market provides a complete view on the industry with intricate details subject to its overall stance in the global landscape along with specifying various applications across major end-user sectors. North America Breast Implants industry, as per the gi... Read More

North America Automotive Camera Market Revenue to Surpass USD 5 Billion by 2025

Published Date: 2020-09-21         Author: Ronak Bora

The research report on North America Automotive Camera Market provides a comprehensive understanding of the overall market with substantial details including its position in the global economy and its applications across myriad end-users segments. According to the given report, the North America aut... Read More

© 2020 Fractovia. All Rights Reserved