APAC eyes fastest growth in global companion diagnostics market

Thanks to the rapid development of localised solutions in China, Japan, and India.

The Asia-Pacific region is expected to experience the fastest growth in the global companion diagnostics market, according to a Mordor Intelligence report.

The region is driven by rising cancer burden, expansion of genetic testing services, and the rapid development of localised diagnostic solutions in China, Japan, and India.

“National initiatives to integrate precision medicine into healthcare systems are further strengthening regional demand,” the report said.

On a broader scale, the global market is projected to surpass $15.62b by 2030 at a compound annual growth rate of 12.42%.

The sector’s expansion is attributed to the growing applications of precision medicine and the increasing need for biomarker-based testing.