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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Haemato Oncology Testing Market Outlook
The global haemato oncology testing market is forecast to reach USD 9.47 billion by 2032 from USD 2.81 billion in 2023, growing at a CAGR of 14.6% over the forecast period of 2024-2032.
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Haematological malignancies are among the top ten malignant disorders in terms of incidence rate and cause of death in cancer patients. They collectively make up about 9% of all cancer cases diagnosed in a year. Geneticists provide not only diagnostic tests to haemato oncologists, but also key knowledge of cancer genetics that helps the specialists evaluate their patient’s prognosis, select the most appropriate anticancer therapy, and monitor treatment response.
Market Segmentation
Haemato oncology testing is a test that aids in the diagnosis of blood disease (haematology) and cancer (oncology), further supporting the treatment and prevention of the disease, and providing research into them. Haematology-oncology includes diseases such as iron deficiency anaemia, haemophilia, sickle cell disease, thalassemia, leukaemia, and other organ cancers.
The haemato oncology testing industry can be divided based on segments like cancer type, technology, and application.
The industry can be divided based on cancer type as:
- Leukaemia
- Lymphoma
- Hodgkin Lymphoma
- Others
The industry can be divided based on technology as PCR, IHC, NGS, and cytogenetics, among others.
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The industry can be broadly categorised based on application into:
- Clinical Laboratories
- Hospitals
- Academic and Research Institutes
- Others
The EMR report looks into the regional markets of haemato oncology testing like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
The global haemato oncology testing market is driven by haematological cancer’s increasing global prevalence, increasing awareness of personalized medicines, and increasing collaborations to develop new assays. On the other hand, it is expected that an uncertain reimbursement scenario will restrict the growth of this market during the forecast period in various regions.
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The services segment represents the largest proportion of haemato oncology testing. This is mainly due to the growing prevalence and incidence of leukaemia, non-Hodgkin lymphoma, and cancer of myeloma. In addition, the growing awareness of advanced therapies such as personalized medicine also drives this segment’s growth. The growth in the Asia Pacific market is driven primarily by the large patient population, and a growing focus on expanding in this region will drive the industry growth.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global haemato oncology testing market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- F. Hoffmann-La Roche Ltd. [Roche Holding AG]
- Abbott Laboratories
- Qiagen N.V
- Thermo Fisher Scientific Inc.
- Illumina, Inc.
- Bio-Rad Laboratories, Inc.
- ICON plc
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Cancer Type |
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| Breakup by Technology |
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| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global haemato oncology testing market attained a value of nearly USD 2.81 billion.
The market is projected to grow at a CAGR of 14.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 9.47 billion by 2032.
The major drivers expected to aid the market growth are the increasing prevalence of haematologic cancer, rising awareness regarding advanced therapies for cancer treatment, preference for personalised medical solutions, improving health care facilities, and growing technological advancements.
The key trends guiding the growth of the market include advancements in diagnostics and testing solutions, growing collaborations and research and development activities, and the development of real time assay kits.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Leukaemia, Lymphoma, and Hodgkin Lymphoma, among others, are the major cancer types in the market.
PCR, IHC, NGS, and cytogenetics, among others, are the significant haemato oncology testing technologies available in the market.
Clinical laboratories, hospitals, and academic and research institutes, among others, are the leading applications of the product in the market.
The key players in the global haemato oncology testing market are F. Hoffmann-La Roche Ltd., Abbott Laboratories, Qiagen N.V, Thermo Fisher Scientific Inc., Illumina, Inc., Bio-Rad Laboratories, Inc., and ICON plc, among others.
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