Portland, OR, Aug. 24, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global Esoteric Testing Market was estimated at 20.21 billion in 2020 and is expected to hit $66.21 billion by 2030, registering a CAGR of 12.5% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
For Right Perspective and Competitive Insights, Get Sample Report at: https://www.alliedmarketresearch.com/request-sample/12387
Increase in prevalence of chronic, infectious, and genetic diseases, rise in demand for ELISA and RT-PCR test, surge in number of medical laboratories, and growth in awareness among individuals regarding early diagnosis detection & personalized medicines fuel the global esoteric testing market. On the other hand, high cost for esoteric testing and lack of skilled professionals & laboratory technicians impede the growth to some extent. However, upsurge in technological advancement in esoteric testing is expected to create lucrative opportunities in the industry.
COVID-19 scenario-
- The outbreak of the pandemic has given way to rise in demand for real-time polymerase chain reaction (RT-PCR) test to detect COVID-19, thereby impacting the global esoteric testing market positively.
- This trend is most likely to continue till the virus is completely gone.
The global esoteric testing market is analyzed across type, technology, end user, and region. Based on type, the infectious disease testing segment held the major share in 2020, garnering more than one-fifth of the total market. The genetic testing segment, however, would cite the fastest CAGR of 14.40% during the forecast period.
Do You Have Any Query Or Specific Requirement? Ask to Our Industry Expert: https://www.alliedmarketresearch.com/purchase-enquiry/12387
By technology, the chemilumescence immunoassay segment accounted for around one-fourth of the total market revenue in 2020, and is anticipated to retain its dominance by 2030. The DNA sequencing segment, on the other hand, would grow at the fastest CAGR of 15.40% from 2021 to 2030.
Based on region, the market across North America contributed to the major share in 2020, holding nearly three-fifths of the global esoteric testing market. The Asia-Pacific region would grow at the fastest CAGR by 13.40% from 2021 to 2030. The other provinces studied in the report include Europe and LAMEA.
The key market players analyzed in the global esoteric testing market report include Baylor Esoteric and Molecular Laboratory, Sonic Healthcare Limited, Healius Limited, Foundation Medicine, Laboratory Corporation, Mayo Foundation for Medical Education and Research, ARUP Laboratories, OPKO Health, Stanford Clinical Pathology, and Quest Diagnostics. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.
Top Demanding Reports in Healthcare Industry:
Monoclonal Antibodies Market - Global Opportunity Analysis and Industry Forecast, 2020–2028
Single Cell Multiomics Market - Global Opportunity Analysis and Industry Forecast, 2019-2028
Cancer Diagnostics Market - Global Opportunity Analysis and Industry Forecast, 2019-2028
Personal Mobility Devices Market - Global Opportunity Analysis and Industry Forecast, 2019–2028
U.S. Home Medical Equipment Market - Global Opportunity Analysis and Industry Forecast, 2019–2028
Digital Health Market - Global Opportunity Analysis and Industry Forecast, 2019–2028
Spirometer Market - Global Opportunity Analysis and Industry Forecast, 2019–2028
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
