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ksm 25.07.24
Oncology Companion Diagnostic Market Growth & Trends:
The global oncology companion diagnostic market size is expected to reach USD 8.38 billion by 2030, expanding at a CAGR of 9.02% from 2025 to 2030, according to a new report by Grand View Research, Inc. Expanding access to important genomic information with the aid of companion diagnostics enables informed decision making for designing the targeted treatment approaches for their patients, thereby increasing demand for comprehensive genomic testing and oncology companion diagnostics.
The commercial launch of drugs including Gleevec (imatinib) and Herceptin (trastuzumab) that require Companion Diagnostics (CDx) testing before prescription has increased revenue generation in the oncology companion diagnostics field. This growth is expected to continue in the future owing to a substantial number of CDx associated oncology drugs in clinical trials. Apart from functioning as exclusive or inclusive tests for therapies, CDx also plays a crucial role during participant selection in clinical trials. This is because there is an increased potential for a novel drug candidate to show a better response rate if the patient has its biomarker target.
The economic incentives associated with the use of CDx have encouraged drug developers to combine their drugs with diagnostic tests. However, the diagnostic manufacturers face conflicting demands from payers/providers on one hand and drug manufacturers on the other hand. The regulatory bodies also have stringent policies to align the development timelines of diagnostics and drugs. Therefore, the diagnostic companies are expected to broaden their scope of CDx development instead of focusing on the attainment of a match between a single diagnostic with a specific drug.
Oncology Companion Diagnostic Market Report Highlights:
- The products segment dominated the market with a share of 66.14% in 2024, driven by advancements in personalized medicine and the increasing prevalence of cancer and the services segment is expected to register the fastest CAGR during the forecast period
- The Polymerase Chain Reaction (PCR) segment dominated the market with a share of 28.03% in 2024 and the next-generation Sequencing (NGS) segment is expected to register the fastest CAGR during the forecast period
- The non-small cell lung cancer segment dominated the market, with a share of 30.32% in 2024 and the breast cancer segment is expected to register the fastest CAGR of 9.65% during the forecast period
- In 2024, North America dominated the overall neuroprosthetics market at over 40.17% owing to the large presence of neural implants manufacturers, higher R&D investments, and the availability of funds from both government and private institutes. For instance, the Defense Advanced Research Project Agency (DARPA) and National Institute of Neurological Disorders and Stroke (NIH)in collaboration with the federal agencies are instrumental in providing funds to support R&D initiatives for the further development of neural implants.
- Asia Pacific is anticipated to be the fastest growing segment due to the introduction of multinational healthcare establishments promoting safe and effective medical procedures along with the rising awareness levels amongst consumers.
- Strategic collaborations and mergers & acquisitions are expected to keep the industry rivalry level high over the forecast period.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Oncology Companion Diagnostic Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Oncology Companion Diagnostic Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Oncology Companion Diagnostic Market: Product & Services Estimates & Trend Analysis
- 4.1. Product and Services Market Share, 2024 & 2030
- 4.2. Segment Dashboard
- 4.3. Oncology Companion Diagnostic Market by Product & Services Outlook
- 4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 4.5. Product
- 4.5.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.2. Instrument
- 4.5.2.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.3. Consumables
- 4.5.3.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.4. Software
- 4.5.4.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Services
- 4.6.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Oncology Companion Diagnostic Market: Technology Estimates & Trend Analysis
- 5.1. Technology Market Share, 2024 & 2030
- 5.2. Segment Dashboard
- 5.3. Oncology Companion Diagnostic Market by Technology Outlook
- 5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 5.5. Polymerase Chain Reaction (PCR)
- 5.5.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Next-generation Sequencing (NGS)
- 5.6.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7. Immunohistochemistry (IHC)
- 5.7.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.8. In Situ Hybridization (ISH)/Fluorescence In Situ Hybridization (FISH)
- 5.8.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.9. Other Technologies
- 5.9.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Oncology Companion Diagnostic Market: Disease Type Estimates & Trend Analysis
- 6.1. Disease Type Market Share, 2024 & 2030
- 6.2. Segment Dashboard
- 6.3. Oncology Companion Diagnostic Market by Disease Type Outlook
- 6.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 6.5. Breast Cancer
- 6.5.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Non-small Cell Lung Cancer
- 6.6.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Colorectal Cancer
- 6.7.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8. Leukemia
- 6.8.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.9. Melanoma
- 6.9.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.10. Prostate Cancer
- 6.10.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.11. Others
- 6.11.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Oncology Companion Diagnostic Market: End Use Estimates & Trend Analysis
- 7.1. End Use Market Share, 2024 & 2030
- 7.2. Segment Dashboard
- 7.3. Oncology Companion Diagnostic Market by Disease Type Outlook
- 7.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 7.5. Hospital
- 7.5.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Pathology/Diagnostic Laboratory
- 7.6.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.7. Academic Medical Center
- 7.7.1. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Oncology Companion Diagnostic Market: Regional Estimates & Trend Analysis
- 8.1. Regional Market Share Analysis, 2024 & 2030
- 8.2. Regional Market Dashboard
- 8.3. Global Regional Market Snapshot
- 8.4. Market Size, & Forecasts, Trend Analysis, 2018 to 2030:
- 8.5. North America
- 8.5.1. North America: SWOT Analysis
- 8.5.2. U.S.
- 8.5.2.1. Key country dynamics
- 8.5.2.2. Regulatory framework
- 8.5.2.3. Competitive scenario
- 8.5.2.4. U.S. market estimates and forecasts 2018 to 2030, (USD Million)
- 8.5.3. Canada
- 8.5.3.1. Key country dynamics
- 8.5.3.2. Regulatory framework
- 8.5.3.3. Competitive scenario
- 8.5.3.4. Canada market estimates and forecasts 2018 to 2030, (USD Million)
- 8.5.4. Mexico
- 8.5.4.1. Key country dynamics
- 8.5.4.2. Regulatory framework
- 8.5.4.3. Competitive scenario
- 8.5.4.4. Canada market estimates and forecasts 2018 to 2030, (USD Million)
- 8.6. Europe
- 8.6.1. Europe: SWOT Analysis
- 8.6.2. UK
- 8.6.2.1. Key country dynamics
- 8.6.2.2. Regulatory framework
- 8.6.2.3. Competitive scenario
- 8.6.2.4. UK market estimates and forecasts 2018 to 2030, (USD Million)
- 8.6.3. Germany
- 8.6.3.1. Key country dynamics
- 8.6.3.2. Regulatory framework
- 8.6.3.3. Competitive scenario
- 8.6.3.4. Germany market estimates and forecasts 2018 to 2030, (USD Million)
- 8.6.4. France
- 8.6.4.1. Key country dynamics
- 8.6.4.2. Regulatory framework
- 8.6.4.3. Competitive scenario
- 8.6.4.4. France market estimates and forecasts 2018 to 2030, (USD Million)
- 8.6.5. Italy
- 8.6.5.1. Key country dynamics
- 8.6.5.2. Regulatory framework
- 8.6.5.3. Competitive scenario
- 8.6.5.4. Italy market estimates and forecasts 2018 to 2030, (USD Million)
- 8.6.6. Spain
- 8.6.6.1. Key country dynamics
- 8.6.6.2. Regulatory framework
- 8.6.6.3. Competitive scenario
- 8.6.6.4. Spain market estimates and forecasts 2018 to 2030, (USD Million)
- 8.6.7. Norway
- 8.6.7.1. Key country dynamics
- 8.6.7.2. Regulatory framework
- 8.6.7.3. Competitive scenario
- 8.6.7.4. Norway market estimates and forecasts 2018 to 2030, (USD Million)
- 8.6.8. Sweden
- 8.6.8.1. Key country dynamics
- 8.6.8.2. Regulatory framework
- 8.6.8.3. Competitive scenario
- 8.6.8.4. Sweden market estimates and forecasts 2018 to 2030, (USD Million)
- 8.6.9. Denmark
- 8.6.9.1. Key country dynamics
- 8.6.9.2. Regulatory framework
- 8.6.9.3. Competitive scenario
- 8.6.9.4. Denmark market estimates and forecasts 2018 to 2030, (USD Million)
- 8.7. Asia Pacific
- 8.7.1. Asia Pacific: SWOT Analysis
- 8.7.2. Japan
- 8.7.2.1. Key country dynamics
- 8.7.2.2. Regulatory framework
- 8.7.2.3. Competitive scenario
- 8.7.2.4. Japan market estimates and forecasts 2018 to 2030, (USD Million)
- 8.7.3. China
- 8.7.3.1. Key country dynamics
- 8.7.3.2. Regulatory framework
- 8.7.3.3. Competitive scenario
- 8.7.3.4. China market estimates and forecasts 2018 to 2030, (USD Million)
- 8.7.4. India
- 8.7.4.1. Key country dynamics
- 8.7.4.2. Regulatory framework
- 8.7.4.3. Competitive scenario
- 8.7.4.4. India market estimates and forecasts 2018 to 2030, (USD Million)
- 8.7.5. Australia
- 8.7.5.1. Key country dynamics
- 8.7.5.2. Regulatory framework
- 8.7.5.3. Competitive scenario
- 8.7.5.4. Australia market estimates and forecasts 2018 to 2030, (USD Million)
- 8.7.6. South Korea
- 8.7.6.1. Key country dynamics
- 8.7.6.2. Regulatory framework
- 8.7.6.3. Competitive scenario
- 8.7.6.4. South Korea market estimates and forecasts 2018 to 2030, (USD Million)
- 8.7.7. Thailand
- 8.7.7.1. Key country dynamics
- 8.7.7.2. Regulatory framework
- 8.7.7.3. Competitive scenario
- 8.7.7.4. Thailand market estimates and forecasts 2018 to 2030, (USD Million)
- 8.8. Latin America
- 8.8.1. Latin America: SWOT Analysis
- 8.8.2. Brazil
- 8.8.2.1. Key country dynamics
- 8.8.2.2. Regulatory framework
- 8.8.2.3. Competitive scenario
- 8.8.2.4. Brazil market estimates and forecasts 2018 to 2030, (USD Million)
- 8.8.3. Argentina
- 8.8.3.1. Key country dynamics
- 8.8.3.2. Regulatory framework
- 8.8.3.3. Competitive scenario
- 8.8.3.4. Argentina market estimates and forecasts 2018 to 2030, (USD Million)
- 8.9. MEA
- 8.9.1. MEA: SWOT Analysis
- 8.9.2. South Africa
- 8.9.2.1. Key country dynamics
- 8.9.2.2. Regulatory framework
- 8.9.2.3. Competitive scenario
- 8.9.2.4. South Africa market estimates and forecasts 2018 to 2030, (USD Million)
- 8.9.3. Saudi Arabia
- 8.9.3.1. Key country dynamics
- 8.9.3.2. Regulatory framework
- 8.9.3.3. Competitive scenario
- 8.9.3.4. Saudi Arabia market estimates and forecasts 2018 to 2030, (USD Million)
- 8.9.4. UAE
- 8.9.4.1. Key country dynamics
- 8.9.4.2. Regulatory framework
- 8.9.4.3. Competitive scenario
- 8.9.4.4. UAE market estimates and forecasts 2018 to 2030, (USD Million)
- 8.9.5. Kuwait
- 8.9.5.1. Key country dynamics
- 8.9.5.2. Regulatory framework
- 8.9.5.3. Competitive scenario
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis by Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Heat Map Analysis
- 9.4. Company Profiles
- 9.4.1. Agilent Technologies, Inc.
- 9.4.1.1. Participant's Overview
- 9.4.1.2. Financial Performance
- 9.4.1.3. Product Benchmarking
- 9.4.1.4. Recent Developments/ Strategic Initiatives
- 9.4.2. Illumina, Inc.
- 9.4.2.1. Participant's Overview
- 9.4.2.2. Financial Performance
- 9.4.2.3. Product Benchmarking
- 9.4.2.4. Recent Developments/ Strategic Initiatives
- 9.4.3. QIAGEN
- 9.4.3.1. Participant's Overview
- 9.4.3.2. Financial Performance
- 9.4.3.3. Product Benchmarking
- 9.4.3.4. Recent Developments/ Strategic Initiatives
- 9.4.4. Thermo Fisher Scientific Inc.
- 9.4.4.1. Participant's Overview
- 9.4.4.2. Financial Performance
- 9.4.4.3. Product Benchmarking
- 9.4.4.4. Recent Developments/ Strategic Initiatives
- 9.4.5. Foundation Medicine, Inc.
- 9.4.5.1. Participant's Overview
- 9.4.5.2. Financial Performance
- 9.4.5.3. Product Benchmarking
- 9.4.5.4. Recent Developments/ Strategic Initiatives
- 9.4.6. Myriad Genetics, Inc.
- 9.4.6.1. Participant's Overview
- 9.4.6.2. Financial Performance
- 9.4.6.3. Product Benchmarking
- 9.4.6.4. Recent Developments/ Strategic Initiatives
- 9.4.7. F. Hoffmann-La Roche Ltd
- 9.4.7.1. Financial Performance
- 9.4.7.2. Product Benchmarking
- 9.4.7.3. Recent Developments/ Strategic Initiatives
- 9.4.8. BIOMERIEUX
- 9.4.8.1. Participant's Overview
- 9.4.8.2. Financial Performance
- 9.4.8.3. Product Benchmarking
- 9.4.8.4. Recent Developments/ Strategic Initiatives
- 9.4.9. Abbott
- 9.4.9.1. Participant's Overview
- 9.4.9.2. Financial Performance
- 9.4.9.3. Product Benchmarking
- 9.4.9.4. Recent Developments/ Strategic Initiatives
- 9.4.10. Leica Biosystems Nussloch GmbH
- 9.4.10.1. Participant's Overview
- 9.4.10.2. Financial Performance
- 9.4.10.3. Product Benchmarking
- 9.4.10.4. Recent Developments/ Strategic Initiatives
- 9.4.11. Guardant Health
- 9.4.11.1. Participant's Overview
- 9.4.11.2. Financial Performance
- 9.4.11.3. Product Benchmarking
- 9.4.11.4. Recent Developments/ Strategic Initiatives
- 9.4.12. EntroGen, Inc.
- 9.4.12.1. Participant's Overview
- 9.4.12.2. Financial Performance
- 9.4.12.3. Product Benchmarking
- 9.4.12.4. Recent Developments/ Strategic Initiatives