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Companion diagnostics are a form of in-vitro diagnostics which provide data about the therapeutic reactions of patients for a particular treatment. Companion diagnostics market is still developing, and it is expected to reach a market value of $3.5 billion by 2020 from a market value of $1.1 billion in the year 2013, registering a CAGR of 20% during 2014-2020. The global companion diagnostic market is divided on the basis of technology, geography and indication (North America, Europe, Asia Pacific and LAMEA). Geographically, LAMEA is growing rapidly. Factors that are contributing towards the growth of market are invention of biomarkers and co-development of drug and corresponding diagnostic. However, high cost of drug development would deter the market growth. Opportunities for the market would be in the development of companion diagnostics for hereditary conditions numerous central nervous system conditions.