Overview

The global Esoteric Testing Market is expected to grow at a CAGR of 12% during the forecast period 2024-2031.

Esoteric testing involves the analysis of rare substances or molecules that are not typically performed in standard clinical laboratories. Many large commercial laboratories outsource complex tests to specialized reference and esoteric testing labs. However, as technology advances in laboratory testing, tests currently categorized as esoteric may transition to routine procedures in just a few years.

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Market Growth Trends

The market is primarily driven by the increasing prevalence of infectious and rare diseases. According to the European Commission, approximately 27 to 36 million people in the European region are affected by rare diseases. Additionally, the Centers for Disease Control and Prevention reported around 54,285 cases of salmonella in 2017. This rising burden of rare diseases is expected to boost demand for esoteric testing, contributing to market growth during the forecast period.

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Market is Segmented

By Type:  Infectious Diseases Testing, Endocrinology Testing, Oncology Testing, Genetic Testing, Toxicology Testing, Immunology Testing, Neurology Testing, Others

By Technology Type:  Chemiluminescence Immunoassay, Enzyme-Linked Immunosorbent Assay, Mass Spectrometry, Real-Time PCR, Flow Cytometry, Radioimmunoassay

By Laboratory Type:  Independent & Reference Laboratories, Hospital Laboratories

By Region:  North America, Latin America, Europe, Asia Pacific, Middle East, and Africa

Market Key Players

·         Bayer Healthcare

·         Biogen

·         Biotest AG

·         CSL Behring

·         Ferring B.V.

·         Genentech

·         Kedrion

·         Novo Nordisk

·         Octapharma

·         Pfizer

·         Sanofi SA

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