Market Overview:
The global esoteric testing market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of chronic diseases, rising demand for personalized medicine, and technological advancements in esoteric testing. The global esoteric testing market is segmented by type into endocrinology, immunology, microbiology, molecular diagnostics, neurology, and other segments. The endocrinology segment is expected to account for the largest share of the global esoteric testing market in 2018. This segment is driven by increasing prevalence of diabetes and other metabolic disorders across the globe. The molecular diagnostics segment is projected to grow at the highest CAGR during the forecast period owing to its growing application in cancer diagnosis and treatment decisions. On basis on applications , medical sector accounted for majority revenue share followed chemical industry . However , with advent og precision medicine & personalized healthcare approach there has been surge on demand from bioengineering sector as well .
Product Definition:
Esoteric Testing is a term used in software development to describe a type of testing that is not typically done, or is done only for specific reasons. Esoteric Testing can include things like testing for edge cases, unusual input values, and system interactions that are not usually considered. The importance of esoteric testing depends on the project and the specific needs of the team. In some cases it may be essential to ensure that all potential issues are identified and resolved before release; in other cases it may be less important or even unnecessary.
Endocrinology:
Endocrinology is the branch of medicine that deals with disorders related to thyroid, adrenal glands, and pituitary gland. These endocrine glands regulate several functions in the body such as growth & development, reproduction (hormonal contraception), stress response & metabolism.
*** The global Endocrinology market size was valued at USD 6.5 billion in 2015.
Immunology:
The field of immunology is the study of the mechanism by which the immune system reacts to foreign substances. The term “immunology” comes from Latin word “immunis” which means resistance and it refers to a branch of science that studies how the immune system works and how it is affected by various factors. Esoteric testing market uses immunological techniques for diagnosis, research, and therapy development.
Application Insights:
Medical application dominated the global market in 2017. The growing prevalence of chronic diseases, such as cancer, diabetes and cardiovascular diseases is anticipated to drive the demand for esoteric testing over the forecast period. In addition, an increase in product launches by prominent market players is expected to fuel industry growth during the study period.
The bioengineering segment accounted for a significant share of revenue in 2017 owing to an increase in R&D on genetic disorders and mutations & their impact on health & wellness among other factors. Moreover, novel research techniques that enable detection of even minute quantities of chemicals are utilized across several industries including food additives and pharmaceuticals which further propels industry growth during this study period.
Chemical engineering tests are used to analyze chemical composition or identify materials present in samples with high specificity.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of players, advanced diagnostic technologies and high adoption rate for new technologies in this region. The Asia Pacific is expected to witness lucrative growth over the forecast period owing to rising disposable income, improving healthcare infrastructure and increasing demand for technologically advanced products & services. Moreover, government initiatives are being undertaken in this region with an aim to increase awareness regarding these tests and their applications leading thereby towards increased demand from countries such as India & China. Esoteric testing has been legalized by various governments including New South Wales (NSW), Australia; Victoria (Australia); Hong Kong; Singapore; Taiwan Province Of China; And Macau (China).
Growth Factors:
- Increasing demand for esoteric testing services due to the increasing incidence of genetic disorders and rising awareness about these tests.
- Growing number of private laboratories and diagnostic clinics offering esoteric testing services.
- Rising demand for personalized medicine and companion diagnostics, which is driving the growth of esoteric testing market.
- Proliferation of next-generation sequencing (NGS) technology, which is facilitating the development of new and innovative tests for detecting rare genetic disorders.
Scope Of The Report
Report Attributes
Report Details
Report Title
Esoteric Testing Market Research Report
By Type
Endocrinology, Immunology, Microbiology, Molecular Diagnostics, Neurology, Other
By Application
Medical, Bioengineering, Chemical Industry, Other
By Companies
Laboratory Corporation Of America, Quest Diagnostics Inc, Opko Health Company, Arup Laboratories, Mayo Medical Laboratories, Myriad Genetics, Genomic Health, Foundation Medicine, Miraca Holdings Inc, Fulgent Genetics Inc, Stanford Healthcare, Invitae
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Esoteric Testing Market Report Segments:
The global Esoteric Testing market is segmented on the basis of:
Types
Endocrinology, Immunology, Microbiology, Molecular Diagnostics, Neurology, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical, Bioengineering, Chemical Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Laboratory Corporation Of America
- Quest Diagnostics Inc
- Opko Health Company
- Arup Laboratories
- Mayo Medical Laboratories
- Myriad Genetics
- Genomic Health
- Foundation Medicine
- Miraca Holdings Inc
- Fulgent Genetics Inc
- Stanford Healthcare
- Invitae
Highlights of The Esoteric Testing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Endocrinology
- Immunology
- Microbiology
- Molecular Diagnostics
- Neurology
- Other
- By Application:
- Medical
- Bioengineering
- Chemical Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Esoteric Testing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Esoteric testing is a type of psychological testing that uses methods not typically used in clinical psychology. These methods may include using intuition, meditation, or other forms of self-exploration.
Some of the major companies in the esoteric testing market are Laboratory Corporation Of America, Quest Diagnostics Inc, Opko Health Company, Arup Laboratories, Mayo Medical Laboratories, Myriad Genetics, Genomic Health, Foundation Medicine, Miraca Holdings Inc, Fulgent Genetics Inc, Stanford Healthcare, Invitae.
The esoteric testing market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Esoteric Testing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Esoteric Testing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Esoteric Testing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Esoteric Testing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Esoteric Testing Market Size & Forecast, 2018-2028
4.5.1 Esoteric Testing Market Size and Y-o-Y Growth
4.5.2 Esoteric Testing Market Absolute $ Opportunity
Chapter 5 Global Esoteric Testing Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Esoteric Testing Market Size Forecast by Type
5.2.1 Endocrinology
5.2.2 Immunology
5.2.3 Microbiology
5.2.4 Molecular Diagnostics
5.2.5 Neurology
5.2.6 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Esoteric Testing Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Esoteric Testing Market Size Forecast by Applications
6.2.1 Medical
6.2.2 Bioengineering
6.2.3 Chemical Industry
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Esoteric Testing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Esoteric Testing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Esoteric Testing Analysis and Forecast
9.1 Introduction
9.2 North America Esoteric Testing Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Esoteric Testing Market Size Forecast by Type
9.6.1 Endocrinology
9.6.2 Immunology
9.6.3 Microbiology
9.6.4 Molecular Diagnostics
9.6.5 Neurology
9.6.6 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Esoteric Testing Market Size Forecast by Applications
9.10.1 Medical
9.10.2 Bioengineering
9.10.3 Chemical Industry
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Esoteric Testing Analysis and Forecast
10.1 Introduction
10.2 Europe Esoteric Testing Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Esoteric Testing Market Size Forecast by Type
10.6.1 Endocrinology
10.6.2 Immunology
10.6.3 Microbiology
10.6.4 Molecular Diagnostics
10.6.5 Neurology
10.6.6 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Esoteric Testing Market Size Forecast by Applications
10.10.1 Medical
10.10.2 Bioengineering
10.10.3 Chemical Industry
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Esoteric Testing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Esoteric Testing Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Esoteric Testing Market Size Forecast by Type
11.6.1 Endocrinology
11.6.2 Immunology
11.6.3 Microbiology
11.6.4 Molecular Diagnostics
11.6.5 Neurology
11.6.6 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Esoteric Testing Market Size Forecast by Applications
11.10.1 Medical
11.10.2 Bioengineering
11.10.3 Chemical Industry
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Esoteric Testing Analysis and Forecast
12.1 Introduction
12.2 Latin America Esoteric Testing Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Esoteric Testing Market Size Forecast by Type
12.6.1 Endocrinology
12.6.2 Immunology
12.6.3 Microbiology
12.6.4 Molecular Diagnostics
12.6.5 Neurology
12.6.6 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Esoteric Testing Market Size Forecast by Applications
12.10.1 Medical
12.10.2 Bioengineering
12.10.3 Chemical Industry
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Esoteric Testing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Esoteric Testing Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Esoteric Testing Market Size Forecast by Type
13.6.1 Endocrinology
13.6.2 Immunology
13.6.3 Microbiology
13.6.4 Molecular Diagnostics
13.6.5 Neurology
13.6.6 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Esoteric Testing Market Size Forecast by Applications
13.10.1 Medical
13.10.2 Bioengineering
13.10.3 Chemical Industry
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Esoteric Testing Market: Competitive Dashboard
14.2 Global Esoteric Testing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Laboratory Corporation Of America
14.3.2 Quest Diagnostics Inc
14.3.3 Opko Health Company
14.3.4 Arup Laboratories
14.3.5 Mayo Medical Laboratories
14.3.6 Myriad Genetics
14.3.7 Genomic Health
14.3.8 Foundation Medicine
14.3.9 Miraca Holdings Inc
14.3.10 Fulgent Genetics Inc
14.3.11 Stanford Healthcare
14.3.12 Invitae
