Global Esoteric Testing Market: Industry Analysis and Forecast (2020-2026) – by Type, Technology, Laboratory Type and Region.

Esoteric Testing market was valued at US$ xx Mn in 2019 is expected to reach US$ xx Mn by the end of 2026 at a CAGR of 11.7% from 2020 to 2026. Esoteric research allows for the study of uncommon compounds or molecules that aren't normally tested in a clinical lab. Reference and esoteric research laboratories are used by many major commercial labs to outsource complex experiments. However, as laboratory testing technology advances, tests that are currently considered esoteric may become commonplace in just a few years. This is frequently the product of dedicated research and development efforts. These tests are ordered when a doctor needs more details than normal lab testing to complete a diagnosis, determine a prognosis, or select and track a therapeutic regimen. Esoteric research usually necessitates the use of advanced instruments and materials, as well as trained staff to conduct and evaluate the tests. Since it is not cost-efficient for hospitals and physician office laboratories to conduct the tests in-house, they are usually outsourced to separate, specialist clinical reference laboratories.

Global Esoteric Testing Market Dynamics:

Rising demand for early and accurate disease diagnosis With the improving the accuracy of medical diagnosis with causal machine learning and increasing prevalence of infectious diseases supporting the market growth. Global healthcare services face a fundamental challenge in providing a reliable and affordable diagnosis. Every year, an estimated 5% of outpatients in the United States obtain the incorrect diagnosis. When diagnosing patients with serious medical conditions, these errors are especially common, with an estimated 20% of these patients being misdiagnosed at the primary care level. 3 and 1 in 3 of these misdiagnoses result in significant harm to the patient. The public-private investments, as well as research funding and grants to improve novel laboratory testing methods, and advances in clinical diagnostic techniques, are all driving market development. The key factors driving the increased use of genomics and proteomics, as well as the increased use of molecular diagnostics, are patient knowledge of the benefits of these technologies. Esoteric studies, which include the study of "rare" molecules or substances, are an important part of many chronic diseases and disorder treatment regimens. However, these tests are ordered less frequently than routine tests and are generally priced higher than the routine tests which restrain the market growth. The report has profiled twenty-five key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labour cost, availability of advanced technology, trusted vendors are analysis and report has come up with recommendations for a future hot spot in North America.

Global Esoteric Testing Market Segment Analysis

Global Esoteric Testing Market To know about the Research Methodology :- Request Free Sample Report The infectious diseases testing segment is expected to grow at a CAGR of xx% during the forecast period. Based on the type, in 2019, the infectious diseases testing segment holds the largest market share of xx% 2019 and it is estimated to reach USD$ XX Mn by 2026. The rising incidence/prevalence of target diseases (chronic, infectious, and lifestyle-related diseases), the acceptance of advanced technologies, and the healthcare expenditure across the globe are all contributing to this segment's large share. The Indian healthcare sector is expected to reach US$ 193.83 billion by 2020. Rising income level, greater health awareness, increased precedence of lifestyle diseases and improved access to insurance would be the key contributors to growth. Health insurance is gaining momentum in India. Gross direct premium income underwritten by health insurance grew 17.16% y-o-y to Rs. 51,637.84 crore (US$ 7.39 billion) in the year 2020.

Global Esoteric Testing Market Regional Insights:

Global Esoteric Testing Market Regional Insights Asia-Pacific to witness a high market growth rate and is expected to grow at a CAGR of xx% by 2026 The Asia Pacific market for Esoteric Testing is expected to rise at a faster pace than the rest of the world by 2026. In the Asia-Pacific region, China and India are projected to rise at the fastest rates in terms of revenue. Developing economies like China, India, Russia, Turkey, South Korea, Brazil, and South Africa are investing more in the healthcare department besides government favorable policies are fueling the market growth. As a result majority of players operating in this market are targeting these regions. In addition, improving healthcare infrastructure, high disease prevalence, large patient population and growing medical tourism in these countries are driving the market growth. In these countries, the prevalence of chronic diseases such as cancer has risen dramatically. According to WHO Africa, Asia, Central and South America account for more than 60% of all new cancer cases each year. Furthermore, esoteric research service providers would be compelled to concentrate on emerging markets due to increased competition in mature markets. The objective of the report is to present a comprehensive analysis of the global Esoteric Testing market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Esoteric Testing market dynamics, structure by analyzing the market segments and project the global Esoteric Testing market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Esoteric Testing market make the report investor’s guide.

Recent Developments:

• In 2017, LabCorp launched ADAMTS13 test to distinguish diseases characterized by life-threatening, acute thrombotic microangiopathy (TMA), including most significantly thrombotic thrombocytopenia purpura (TTP). • In 2017, Myriad Genetics, Inc. launched the EndoPredict test in the US for patients with ER+ HER2- early-stage breast cancer. This test launch will strengthen the company’s oncology product portfolio and represents an advancement in the treatment of patients with breast cancer. • In 2017, Bristol-Myers Squibb Company and Foundation Medicine collaborated to leverage Foundation Medicine's comprehensive genomic profiling and molecular information solutions to identify predictive biomarkers such as Tumor Mutational Burden (TMB) and Microsatellite Instability (MSI) in patients.

Covid-19 Impact:

COVID-19 Impact on the global Esoteric Testing market As the number of Covid-19 infections rises around the world, fears of a shortage of life-saving equipment and other critical medical supplies to stop the pandemic from spreading and provide the best possible treatment to those who have been infected grow. Furthermore, before pharmacological treatment is established, ventilators are an important treatment option for COVID-19 patients who may need critical care. Furthermore, there is a pressing need to speed up the production process for a wide variety of test kits (antibody tests, self-administered, and others). Covid19 will be accounted for as a significant market contributor in the study.

Global Esoteric Testing Market Scope: Inquire before buying

Global Esoteric Testing Market

Global Esoteric Testing Market, by Region

• North America • Europe • Middle East & Africa • Asia Pacific • South America

Global Esoteric Testing Market Key Players

• LabCorp • Quest Diagnostics • OPKO Health • Miraca Holdings • ARUP Laboratories • Myriad Genetics • Genomic Health • American Medical Laboratories • Foundation Medicines • Mayo Medical Laboratories • Primary Healthcare • Healthscope • Sonic Healthcare • Fulgent Genetics • Spectra Laboratories • Nordic Lifesciences • InVitae • Unilabs • SYNLAB • Other key players
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Esoteric Testing Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Esoteric Testing Market 3.4. Geographical Snapshot of the Esoteric Testing Market, By Manufacturer share 4. Global Esoteric Testing Market Overview, 2019-2026 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Esoteric Testing Market 5. Supply Side and Demand Side Indicators 6. Global Esoteric Testing Market Analysis and Forecast, 2019-2026 6.1. Global Esoteric Testing Market Size & Y-o-Y Growth Analysis. 7. Global Esoteric Testing Market Analysis and Forecasts, 2019-2026 7.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 7.1.1. Infectious Diseases Testing 7.1.2. Endocrinology Testing 7.1.3. Oncology testing 7.1.4. Immunology Testing 7.1.5. Genetic Testing 7.1.6. Toxicology Testing 7.1.7. Neurology Testing 7.1.8. Others 7.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 7.2.1. Chemiluminescence Immunoassay (CLIA) 7.2.2. Enzyme-linked Immunosorbent Assay (ELISA) 7.2.3. Mass Spectrometry 7.2.4. Real Time - PCR 7.2.5. Flow Cytometry 7.2.6. Radioimmunoassay 7.2.7. Others 7.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 7.3.1. Independent & Reference Laboratories 7.3.2. Hospital Laboratories 8. Global Esoteric Testing Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2026 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Esoteric Testing Market Analysis and Forecasts, 2019-2026 9.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 9.1.1. Infectious Diseases Testing 9.1.2. Endocrinology Testing 9.1.3. Oncology testing 9.1.4. Immunology Testing 9.1.5. Genetic Testing 9.1.6. Toxicology Testing 9.1.7. Neurology Testing 9.1.8. Others 9.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 9.2.1. Chemiluminescence Immunoassay (CLIA) 9.2.2. Enzyme-linked Immunosorbent Assay (ELISA) 9.2.3. Mass Spectrometry 9.2.4. Real Time - PCR 9.2.5. Flow Cytometry 9.2.6. Radioimmunoassay 9.2.7. Others 9.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 9.3.1. Independent & Reference Laboratories 9.3.2. Hospital Laboratories 10. North America Esoteric Testing Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Esoteric Testing Market Analysis and Forecasts, 2019-2026 11.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 11.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 11.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 12. Canada Esoteric Testing Market Analysis and Forecasts, 2019-2026 12.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 12.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 12.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 13. Mexico Esoteric Testing Market Analysis and Forecasts, 2019-2026 13.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 13.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 13.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 14. Europe Esoteric Testing Market Analysis and Forecasts, 2019-2026 14.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 14.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 14.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 15. Europe Esoteric Testing Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Esoteric Testing Market Analysis and Forecasts, 2019-2026 16.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 16.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 16.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 17. France Esoteric Testing Market Analysis and Forecasts, 2019-2026 17.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 17.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 17.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 18. Germany Esoteric Testing Market Analysis and Forecasts, 2019-2026 18.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 18.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 18.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 19. Italy Esoteric Testing Market Analysis and Forecasts, 2019-2026 19.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 19.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 19.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 20. Spain Esoteric Testing Market Analysis and Forecasts, 2019-2026 20.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 20.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 20.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 21. Sweden Esoteric Testing Market Analysis and Forecasts, 2019-2026 21.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 21.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 21.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 22. CIS Countries Esoteric Testing Market Analysis and Forecasts, 2019-2026 22.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 22.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 22.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 23. Rest of Europe Esoteric Testing Market Analysis and Forecasts, 2019-2026 23.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 23.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 23.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 24. Asia Pacific Esoteric Testing Market Analysis and Forecasts, 2019-2026 24.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 24.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 24.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 25. Asia Pacific Esoteric Testing Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Esoteric Testing Market Analysis and Forecasts, 2019-2026 26.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 26.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 26.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 27. India Esoteric Testing Market Analysis and Forecasts, 2019-2026 27.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 27.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 27.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 28. Japan Esoteric Testing Market Analysis and Forecasts, 2019-2026 28.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 28.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 28.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 29. South Korea Esoteric Testing Market Analysis and Forecasts, 2019-2026 29.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 29.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 29.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 30. Australia Esoteric Testing Market Analysis and Forecasts, 2019-2026 30.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 30.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 30.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 31. ASEAN Esoteric Testing Market Analysis and Forecasts, 2019-2026 31.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 31.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 31.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 32. Rest of Asia Pacific Esoteric Testing Market Analysis and Forecasts, 2019-2026 32.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 32.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 32.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 33. Middle East Africa Esoteric Testing Market Analysis and Forecasts, 2019-2026 33.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 33.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 33.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 34. Middle East Africa Esoteric Testing Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Esoteric Testing Market Analysis and Forecasts, 2019-2026 35.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 35.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 35.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 36. GCC Countries Esoteric Testing Market Analysis and Forecasts, 2019-2026 36.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 36.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 36.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 37. Egypt Esoteric Testing Market Analysis and Forecasts, 2019-2026 37.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 37.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 37.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 38. Nigeria Esoteric Testing Market Analysis and Forecasts, 2019-2026 38.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 38.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 38.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 39. Rest of ME&A Esoteric Testing Market Analysis and Forecasts, 2019-2026 39.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 39.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 39.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 40. South America Esoteric Testing Market Analysis and Forecasts, 2019-2026 40.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 40.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 40.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 41. South America Esoteric Testing Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Esoteric Testing Market Analysis and Forecasts, 2019-2026 42.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 42.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 42.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 43. Argentina Esoteric Testing Market Analysis and Forecasts, 2019-2026 43.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 43.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 43.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 44. Rest of South America Esoteric Testing Market Analysis and Forecasts, 2019-2026 44.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 44.2. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 44.3. Market Size (Value) Estimates & Forecast By Laboratory Type, 2019-2026 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Esoteric Testing Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. LabCorp 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Quest Diagnostics 45.3.3. OPKO Health 45.3.4. Miraca Holdings 45.3.5. ARUP Laboratories 45.3.6. Myriad Genetics 45.3.7. Genomic Health 45.3.8. American Medical Laboratories 45.3.9. Foundation Medicines 45.3.10. Mayo Medical Laboratories 45.3.11. Primary Healthcare 45.3.12. Healthscope 45.3.13. Sonic Healthcare 45.3.14. Fulgent Genetics 45.3.15. Spectra Laboratories 45.3.16. Nordic Lifesciences 45.3.17. InVitae 45.3.18. Unilabs 45.3.19. SYNLAB 45.3.20. Other key players 46. Primary Key Insights

About This Report

Report ID 1297
Category Healthcare
Published Date June 2019
Updated Date May 2021
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