Hemato Oncology Testing Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts, 2019–2025

Report Code: ZMR-4844 | Report Format : | Status : Upcoming |

Abstract

Global Hemato Oncology Testing Market: Overview

Hematologic malignancies are among the key malignant syndromes regarding the occurrence rate and cause of death among patients suffering from cancer. Jointly, they add up to approximately 10% of all cancer cases that are likely to be diagnosed annually. Geneticists are producing hemato oncologists with not only diagnostic tests but also offering knowledge of cancer genetics, which supports the doctors/specialists in assessing the prognosis of patients, opting for the most suitable anticancer therapy, and monitoring their response to the specific treatment.

Global Hemato Oncology Testing Market: Growth Factors

The major dynamics of hemato oncology testing market is expected to continue to transform with the regular up-gradation of latest technologies utilized in the healthcare and medical sectors. The significant increase in the hematologic cancer occurrences and growing awareness about customized medicines are also anticipated to propel the hemato oncology testing market worldwide. R&D of new treatments and testing is likely to be the major trend; companies operating in the hemato oncology testing market are expected to engage in intense market competition, and their growing involvement in collaborations and partnerships is proving to be quite useful for the market’s growth.

Global Hemato Oncology Testing Market: Segmentation

The product and service segment of the hemato oncology testing market is divided into assay kits and services. In 2018, the services segment accounted for a major share of the hemato oncology testing market, due to the growing occurrences of leukemia, myeloma cancers, and non-Hodgkin lymphoma. Additionally, increasing awareness regarding advanced treatment therapies, such as personalized medicine, will also fuel this segment’s growth.

Based on cancer, the market includes non-Hodgkin’s lymphoma and leukemia (acute myeloid and acute lymphoblastic). By technology, the hemato oncology market is categorized into NGS, IHC, and PCR. The PCR segment is projected to dominate the hemato oncology market globally in the future, owing to its extensive use due to its ease of use and easy accessibility of assay kits. On the other hand, NGS is anticipated to register the maximum rate of growth in the future, owing to its benefits like better sensitivity and specificity. In terms of end-user, the hemato oncology market is bifurcated into hospitals and clinical laboratories.

Global Hemato Oncology Testing Market: Regional Analysis

North America is expected to be leading the hemato oncology testing market globally in the upcoming years. The accessibility to advanced healthcare and medical infrastructure and early adoption of advanced technologies are likely to support this regional market. Furthermore, the regional presence of key market players and constant research in oncology are projected to further drive the North American hemato oncology testing market in the future.

The Asia Pacific hemato oncology testing market is projected to show rapid growth in the upcoming years, owing to the rising number of leading companies moving their bases to Asia Pacific and increasing consumer awareness regarding the significance of the early diagnosis of syndromes, such as heart ailments and cancer.

Global Hemato Oncology Testing Market: Competitive Players

Some main participants of the hemato oncology testing market are Abbott Laboratories, F. Hoffmann-La Roche, QIAGEN, Thermo Fisher Scientific, Illumina, Bio-Rad Laboratories, Invivoscribe, MolecularMD, Adaptive Biotechnologies, Asuragen, ARUP Laboratories, and ArcherDx, among others.

Global Hemato Oncology Testing Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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