Updates: Chronic and Infectious Diseases and Rising Adoption of Personalized Medicine in Patients

The global esoteric testing market has increased significantly in 2020 and projections are made that the market would rise in the next four years i.e. 2021-2025 tremendously. The esoteric testing market is expected to increase due to growing geriatric population, increasing prevalence of chronic and infectious diseases, rapid urbanization, escalating healthcare spending, rising adoption of personalized medicine in patients, etc. Yet the market faces some challenges such as high cost involved, stringent government regulations, dearth of skilled professionals, etc.

The key distinguishing feature of esoteric testing compared with routine testing is that the tests are more complex in nature leading to many of the differences between the two. Due to the more complex nature of esoteric testing, esoteric testing is much more heterogeneous, as this testing is an umbrella term that captures all testing that is not routine.

Major esoteric testing services include hematology, genetic diseases and rare diseases, infectious diseases, oncology, neurology, maternity-related, COVID-19-related, and routine testing.

The esoteric testing market can be segmented on the basis of testing type (Infectious Diseases Testing, Endocrinology Testing, Oncology Testing, Immunology Testing, Genetic Testing, Neurology Testing, Toxicology Testing, and Others); technology (Chemiluminescence Immunoassay, Enzyme-Linked Immunosorbent Assay, Real-Time PCR, Mass Spectrometry, DNA Sequencing, Flow Cytometry, and Other Technologies), and laboratory type (Independent & Reference Laboratories, and Hospital-Based Laboratories).

Key Topics Covered:

1. Executive Summary

2. Introduction

3. Global Market Analysis
3.1 Global Esoteric Testing Market: An Analysis
3.2 Global Esoteric Testing Market: Testing Type Analysis
3.3 Global Esoteric Testing Market: Technology Analysis
3.4 Global Esoteric Testing Market: Laboratory Type Analysis

4. Regional Market Analysis
4.1 North America Esoteric Testing Market: An Analysis
4.2 Europe Esoteric Testing Market: An Analysis
4.3 Asia Pacific Esoteric Testing Market: An Analysis
4.4 ROW Esoteric Testing Market: An Analysis

5. Impact of COVID-19
5.1 Impact of COVID-19
5.1.1 Impact of COVID-19 on Independent Clinical Laboratories
5.1.2 Impact of COVID-19 on Esoteric Testing

6. Market Dynamics
6.1 Growth Driver
6.1.1 Growing Geriatric Population
6.1.2 Increasing Prevalence of Chronic and Infectious Diseases
6.1.3 Rapid Urbanization
6.1.4 Escalating Healthcare Spending
6.1.5 Rising Adoption of Personalized Medicine in Patients
6.2 Challenges
6.2.1 High Cost Involved
6.2.2 Stringent Government Regulations
6.2.3 Dearth of Skilled Professionals
6.3 Market Trends
6.3.1 Increasing Outsourcing Demand from Hospitals
6.3.2 Emerging Technologies
6.3.3 Growing Esoteric Test Menu
6.3.4 Consumerization
6.3.5 Surging Need of Oncology Esoteric Testing for HBOC Syndrome
6.3.6 Rising Demand for Advanced Molecular Testing

7. Competitive Landscape

 

 

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