Roots Analysis has announced the addition of “Companion Diagnostics Development Services Market (2nd Edition), 2022-2035” report to its list of offerings.
The growing pipeline of patient-centric targeted therapies has led to a surge in demand for companion diagnostics; these tests are known to improve the success rates of late-stage trials by almost three-fold.
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Key Market Insights
Over 150 companies claim to offer companion diagnostics development services, globally
Nearly 60% of the aforementioned players are based in North America, followed by the players located in Europe (30%). Further, this segment of the industry is dominated by the presence of mid-sized players (51-200 employees), which represent 40% of the total service providers.
Nearly 15% players claim to act as one-stop shops, offering services, ranging from biomarker discovery and development to manufacturing and commercialization
Most of the service providers (127) provide assay development services, followed by companies (124) offering services for biomarker discovery / identification. Further, NGS is the most popular technique, employed by over 100 service providers.
North America is expected to capture ~60% share in the companion diagnostics development services market by 2035
Owing to the high costs associated with the clinical validation of companion diagnostics, a significant proportion (~46%) of service revenues is generated from this step, in 2035. In terms of analytical technique used, service contracts involving NGS are anticipated to contribute to more than 35% of the total service revenues generated in 2035. Further, close to 90% of the total service revenues, in 2035, are generated from companion diagnostics development projects for cancer indications.
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One of the key objectives of the report was to estimate the existing companion diagnostics market size and the potential future growth opportunities for companion diagnostics development service providers. Based on multiple parameters, such as the service cost of various steps involved in companion diagnostics development and manufacturing, and partnerships inked in the last few years for outsourcing of such operations, we have developed informed estimates on the evolution of the market for the time period 2022- 2035. An insightful analysis of companies segregated on the basis of their likelihood to enter into collaborations with companion diagnostics service providers. The chapter features a list of 300+ drug developers sponsoring clinical trials of therapies targeting several disease-specific biomarkers. The players have been shortlisted based on relevant parameters, namely number of biomarker-focused clinical trials sponsored and the time to market their proprietary personalized medicine products.
Key Questions Answered
- Who are the leading players offering services for the development of companion diagnostics?
- Which are the key geographies where companion diagnostics development service providers are located?
- Which analytical techniques are used by the service providers engaged companion diagnostics development services market?
- Who are the leading companion diagnostics developers?
- Which biomarkers are most commonly targeted by the marketed products / investigational programs?
- Which partnership models are commonly adopted by stakeholders offering companion diagnostics development services?
- Which drug developers are most likely to partner with the service providers to seek their expertise?
- What are the key value drivers of the merger and acquisition activity within companion diagnostics development services market?
- Which biomarker-focused targeted drugs developed by big pharmaceutical companies are likely to be administered with companion diagnostics?
- How is the current and future opportunity likely to be distributed across key market segments?
The financial opportunity within the companion diagnostics development services market has been analyzed across the following segments:
- Type of Service Offered
- Feasibility Studies
- Assay Development
- Analytical Validation
- Clinical Validation
- Manufacturing
- Type of Technique Used
- NGS
- PCR
- ICH / ISH
- Liquid Biopsy
- Others
- Therapeutic Areas
- Oncological
- Non-oncological
- Key Geographical Regions
- North America
- Europe
- Asia-Pacific and Rest of the World
The research includes detailed profiles of key players (listed below), each profile features an overview of the company, its financial information (if available), drug portfolio, details on recent developments, and an informed future outlook.
- Almac Diagnostic Services
- BGI Genomics
- Biocartis
- Cerba Research
- Geneuity Clinical Research Services
- Interpace Biosciences
- Labcorp (formerly known as Covance)
- MEDICAL & BIOLOGICAL LABORATORIES (MBL)
- MEDx (Suzhou) Translational Medicine (formerly known as QIAGEN (Suzhou) Translational Medicine)
- MLM Medical Labs
- Novogene
- Q2 Solutions
- Quest Diagnostics
- ResearchDx
For additional details, please visit
https://www.rootsanalysis.com/reports/view_document/companion-diagnostics-services/297.html or email sales@rootsanalysis.com
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About Roots Analysis
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Ben Johnson
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Ben.johnson@rootsanalysis.com
