Global
Esoteric Testing Market is expected to reach USD 42.68 Billion by 2025,
from USD 18.25 Billion in 2017 growing at a CAGR of 11.2% during the forecast
period of 2018 to 2025. The upcoming market report contains data for historic
years 2017, the base year of calculation is 2017 and the forecast period is
2018 to 2025.
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Global Esoteric
Testing Market, By Type (Infectious Diseases, Endocrinology test, Oncology
test, Toxicology Testing, Neurology Testing and others), By Technology
(Chemiluminescence Immunoassay, Enzyme-Linked Immunosorbent Assay, Flow
Cytometry and others), By Laboratory Type, By Geography (North America, South
America, Europe, Asia-Pacific, Middle East and Africa) and Forecast to 2025.
Major Market Competitors/players:
Some of the
major players operating in the market are Quest Diagnostics, Opko Health,
Miraca Holdings, Myriad Genetics, Sonic Healthcare, Primary Health Care,
Healthscope, Foundation Medicine, ACM Global Laboratories, Arup Laboratories,
Fulgent Genetics, Invitae, Mayo Medical Laboratories, Spectra Laboratories
among others.
This report consists of below pages:
·
No of pages: 350
·
No of Figures: 60
·
No of Tables: 220
Report Definition:
Esoteric
testing is the analysis of unique or rare molecules whose assays are not
performed in the routine clinical lab. Esoteric testing requires sophisticated
equipment and materials as well as experienced personnel to perform the test.
The equipment and devices are generally outsourced to special clinical labs as
it is very cost effective for hospitals. The tests are ordered very less
frequently and the price of these test are highly expensive. Esoteric testing
generally includes genetics, immunology, microbiology, toxicology, oncology,
and molecular diagnostics test. The main challenge in estoric testing is that
they require highly experienced and qualified medical technologist apart from
that expensive materials. In August 2015, NYU Langone Health and Sonic
Healthcare USA came into a joint venture to form a laboratory. This agreement
enhanced the outpatient laboratory services to over 2,000 physicians affiliated
with the NYU hospital system. In June 2017, Quest Diagnostics announced the
complete acquisition of Medfusion and ClearPoint and form National Precision
Oncology Center. This acquisition provide better facilities for cancer patients
precise diagnostics like genomic sequencing of cancerous DNA which in turn help
physician select therapy, clinical trial and monitor response. The main reason
of this acquisition was to develop a regional and a national reference and
esoteric testing business serving hospitals, in Dallas.
Report Drivers and Restraints:
·
Increase in prevalence of
chronic disease.
·
Increase in geriatric
population.
·
Number of patients suffering
from infectious disease increased.
·
Increased awareness of
personalized medicine
·
Development of specific markers
used in genomic and proteomics
·
Advancement in technology of
esoteric testing
·
Reimbursement Scenario
·
Less patient’s awareness.
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Scope
of the Report:
·
The
esoteric testing market is segmented into type, technology, laboratory type and
geography.
·
Based
on type the market is segmented into infectious diseases testing, endocrinology
testing, oncology testing, genetic testing, toxicology testing immunology
testing, neurology testing and others.
·
Based
on technology the market is segmented into Chemiluminescence immunoassay,
enzyme-linked immunosorbent assay, radioimmunoassay, flow cytometry real-time
PCR, mass spectrometry and others technologies.
·
Based
on the laboratory type the market is segmented into independent & reference
laboratories and hospital laboratories.
·
Based
on geography the global esoteric
testing market report covers data
points for 28 countries across multiple geographies namely North America &
South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the
major countries covered in this report are U.S., Canada, Germany, France, U.K.,
Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan,
Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
Competitive Analysis:
The global esoteric testing
market is highly fragmented and the major players have used various strategies
such as new product launches, expansions, agreements, joint ventures,
partnerships, acquisitions and others to increase their footprints in this
market. The report includes market shares of esoteric testing market for
global, Europe, North America, Asia Pacific and South America.
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Research Methodology:
Data collection and base year analysis is done using data
collection modules with large sample sizes. The market data is analyzed and
forecasted using market statistical and coherent models. Also market share
analysis and key trend analysis are the major success factors in the market
report. To know more please Request an Analyst Call or can drop down your
inquiry.
Demand Side Primary Contributors: Doctors, Surgeons, Medical
Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations,
Associations, Insurers, Medical Payers, Healthcare Authorities, Universities,
Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing
Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory
Affairs Managers among others.
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