The Esoteric Testing Market size was valued at over USD 20 billion in 2018 and is expected to witness around 10% CAGR from 2021 to 2027.
Esoteric testing is the analysis of’rare’ molecules or substances. It is not performed in routine clinical laboratories. These tests are performed when additional information about external routine laboratory tests is needed to properly diagnose a disease, establish a prognosis, or select and supervise treatment. Esoteric testing requires skilled personnel to perform the tests and analyze the results due to the use of sophisticated chemicals and instruments. Due to the high cost, this test is performed in a professional and independent clinical reference laboratory. It is impossible for doctors office laboratories and hospitals to perform these tests in-house. These tests are regulated by a strict regulatory framework. These tests are not performed regularly.
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Market Segments
Global Esoteric Testing Market, by Type
- Infectious Diseases Testing
- Endocrinology Testing
- Oncology testing
- Immunology Testing
- Genetic Testing
- Toxicology Testing
- Neurology Testing
- Others
Global Esoteric Testing Market, by Technology
- Chemiluminescence Immunoassay (CLIA)
- Enzyme-linked Immunosorbent Assay (ELISA)
- Mass Spectrometry
- Real-Time – PCR
- Flow Cytometry
- Radioimmunoassay
- Others
Global Esoteric Testing Market, by Laboratory Type
- Independent & Reference Laboratories
- Hospital Laboratories
Key Players
Major players operating in the esoteric testing market include Laboratory Corporation of America Holdings, OPKO Health, Inc., ARUP Laboratories, Genomic Health, Inc., Quest Diagnostics, American Medical Laboratories, Gold Standard Diagnostics Corp, and ZeptoMetrix Corporation.
Scope of the Report
The research study analyzes the global Esoteric Testing industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Esoteric Testing Market Report
1. What was the Esoteric Testing Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Esoteric Testing Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Esoteric Testing Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Esoteric Testing market.
- The market share of the global Esoteric Testing market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Esoteric Testing market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Esoteric Testing market.
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