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Esoteric Testing Market: Emerging Technologies, Industry Growth Analysis and Regional Forecast To 2025

Author : Ronak Bora | Published Date : 2020-11-05 

Global esoteric testing market size is expected to surpass US$39 billion by 2025 with regard to annual remunerations. 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.

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.

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Oncology tests for the esoteric testing market are estimated to grow at more than 11.2% of CAGR through 2025 owing to the recurring incidences of cancer and frequent introductions to newer tests. For instance, BRCAvantage, implemented for Hereditary Breast and Ovarian Cancer (HBOC) syndrome patients by Quest Diagnostics, assists patients at higher risks of cancer.

Based on technology, mass spectrometry deployed esoteric test exhibits higher preference over other available technologies and is likely to register over 18% of the market share in the coming years. This growth can be attributed to regular utilization in applications like toxicology screening, endocrinology, Vitamin D testing, and therapeutic drugs.

Some leading providers of esoteric testing market 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.

Major companies operating in this business such as Quest Diagnostics, Opko and Laboratory Corporation of America (LabCorp) emphasize on strengthening business portfolio by implementing various strategic acquisition, partnership and collaboration. For an example, LabCorp enhanced its business portfolio by acquiring Covance in February 2015, while Quest accelerated its growth through collaborating with hospital laboratories.

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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

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

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

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