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The Global Companion Diagnostics Market size was valued at USD 1.96 billion in 2019 and is predicted to reach USD 9.02 billion by 2030, with a CAGR of 14.8% from 2020-2030.
Companion Diagnostic (CDx) is a clinical test co-developed with a therapeutic drug for screening the responders and non-responders to that particular drug. It is done in order to identify a patient group that can or cannot be treated with that corresponding drug. CDx helps practitioners to determine the benefits, side effects, and risks associated with the intake of therapeutic drugs, thereby ensuring patient s safety.
Market Dynamics and Trends:
The increasing preferences for targeted therapies, growing applications of personalized medicines, higher prevalence of chronic diseases, and increasing incidences of allergies in patients due to side effects of medicines; give rise to development of customized CDx, thereby propagating the growth of global Companion Diagnost
Global infectious diseases in-vitro diagnostics market size to expand at 3.8% CAGR through 2027
The research report on ‘global infectious diseases in-vitro diagnostics (IVD) market’ talks about the several trends prevailing in this business sphere, such as the growth stimulants, challenges faced by the industry participants, and other revenue generation opportunities.
Selbyville, Delaware, April 28, 2021 (GLOBE NEWSWIRE) As per reliable analysts, global
infectious diseases in-vitro diagnostics market size was appraised at USD 54 billion in the year 2019 and is expected to register a y-o-y growth rate of 3.8% during 2020-2027, subsequently accounting for USD 73 billion by the year 2027. Shifting preferences towards adopting point-of-care diagnostic tools, high occurrence of infectious diseases, and favorable government regulations have resulted in increased product penetration across the globe.
by Technology Type(Wired and Wireless), Utility Type, Component (Hardware and Software), Application (Oil & Gas Network, T&D), End User (Residential, Commercial, and Industrial) and Region- Global Forecast to 2026 , published by MarketsandMarkets™, the Utility Communication Market size is expected to grow from an estimated USD 18.7 billion in 2021 to USD 23.2 billion by 2026, at a CAGR of 4.4%, during the forecast period. The key drivers for the Utility Communication Market include growing investment in smart grids modernization of electricity networks; focus on improving grid reliability, increasing operating efficiency, reducing outage length; consolidating trend of digitalization oilfield communication; and government initiative to support deployment of smart grid technologies.
Utility Communication Market Worth $23.2 Billion by 2026 - Exclusive Report by MarketsandMarkets Utility Communication Market
by Technology Type(Wired and Wireless), Utility Type, Component (Hardware and Software), Application (Oil & Gas Network, T&D), End User (Residential, Commercial, and Industrial) and Region- Global Forecast to 2026 , published by MarketsandMarkets, the Utility Communication Market size is expected to grow from an estimated USD 18.7 billion in 2021 to USD 23.2 billion by 2026, at a CAGR of 4.4%, during the forecast period. The key drivers for the Utility Communication Market include growing investment in smart grids modernization of electricity networks; focus on improving grid reliability, increasing operating efficiency, reducing outage length; consolidating trend of digitalization oilfield communication; and government initiative to support deployment of smart grid technologies.
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