DUBLIN--(BUSINESS WIRE)--The "Esoteric Testing Market by Type (Infectious Disease, Endocrinology, Oncology, Toxicology, Immunology, Neurology), Lab Type (Independent Labs, Hospital Laboratories), Technology (Mass Spectrometry, CLIA, ELISA, PCR) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The Esoteric Testing Market is Projected to Reach USD 35.24 Billion By 2023 from USD 20.38 Billion in 2018, at a CAGR of 11.6%.
Growth in this market is primarily driven by the increasing burden of chronic diseases (majorly due to the rising geriatric population), rising prevalence of infectious diseases, rising demand for early disease diagnosis using specialized tests, growing awareness on personalized medicine, and increasing government funding for the research and development of innovative esoteric tests.
Moreover, the introduction of a new range of condition-specific markers and tests, with advances in genomics and proteomics, is expected to offer significant growth opportunities for market players during the forecast period. However, the dearth of skilled laboratory technicians and inadequate reimbursement will limit the growth of this market.
In 2018, on the basis of type, the infectious diseases testing segment is expected to account for the largest share of the market during the forecast period.The large share of this segment is primarily attributed to the rising incidence/prevalence of target diseases (chronic, infectious, & lifestyle related diseases), the increasing adoption of advanced technologies, and the growing healthcare expenditure across the globe.
n 2018, on the basis of laboratory type, the independent & reference laboratories segment is expected to register the highest growth rate during the forecast period, owing to a large number of patient diagnosis undertaken for target diseases worldwide and competitive benefits offered by these providers over hospital-based laboratories.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Esoteric Testing Market, By Type
8 Esoteric Testing Market, By Technology
9 Global Esoteric Testing Market, By Laboratory Type
10 Esoteric Testing Market, By Region
11 Competitive Landscape
12 Company Profiles
- ACM Global Laboratories
- Arup Laboratories
- Foundation Medicine
- Fulgent Genetics
- Mayo Medical Laboratories
- Miraca Holdings
- Myriad Genetics
- Opko Health
- Primary Health Care
- Quest Diagnostics
- Sonic Healthcare
- Spectra Laboratories
For more information about this report visit https://www.researchandmarkets.com/research/x563zf/esoteric_testing?w=4