The global esoteric testing market size reached USD 20.85 Billion in 2021 and is expected to register a revenue CAGR of 11.7% during the forecast period, according to latest analysis by Emergen Research. One of the main factors driving revenue growth of the market is rising prevalence of infectious and chronic diseases. Rising prevalence of chronic disorders presents a significant opportunity for innovative research into unique molecules that can be altered to create brand-new medications. One of the major factors driving revenue growth of the market is rising number of successful research and development outcomes in the area of cellular immunology that are used to treat conditions such as cardiovascular disease, adenocarcinomas, neurological illnesses, and others.
The market has been substantially affected by the pandemic, and changes can be seen in the market dynamics and demand trends. Therefore, the report broadly assesses the comprehensive impact of the pandemic on the overall growth of the Esoteric Testing market, besides offering a future COVID-19 impact assessment. Furthermore, the report points out the effective business approaches undertaken by the market players to enhance their product portfolios and prosper considerably.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Esoteric Testing market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Laboratory Corporation of America, OPKO Health, Inc., H.U. Group Holdings, Inc., Nordic Lifesciences, Genomic Health, Inc.; American Medical Lab, Invitae Corporation, SYNLAB International GmbH, UNILABS, and Fulgent Genetics
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Emergen Research has segmented the global Esoteric Testing market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
Type Outlook (Revenue, USD Billion; 2019-2030)
- Infectious Diseases Testing
- Oncology testing
- Immunology Testing
- Others
Techniques Outlook (Revenue, USD Billion; 2019-2030)
- ELISA
- Flow Cytometry
- RT - PCR
- Others
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
- North America
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Esoteric Testing Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Esoteric Testing Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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