Companion Diagnostics Market Size, Share, and Growth Analysis 2031
The companion diagnostics market is a rapidly evolving segment of the healthcare industry, driven by advancements in personalized medicine and the growing need for targeted therapies. Companion diagnostics (CDx) are essential tools that help identify the appropriate patients for specific treatments, enhancing therapeutic efficacy and minimizing adverse effects. As the healthcare landscape continues to shift towards personalized medicine, the companion diagnostics market is poised for significant growth over the next decade. As of 2023, the global companion diagnostics market was valued at approximately $7.37 billion. This market is expected to grow at a compound annual growth rate (CAGR) of around 11.4% from 2024 to 2031, potentially reaching $17.48 billion by the end of the forecast period. The increasing prevalence of chronic diseases, advancements in genomics, and the rising demand for personalized medicine are major factors driving this growth. To Learn More About This Report,...