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Hemato Oncology Testing Market Trends

  • Report ID: GMI10902
  • Published Date: Aug 2024
  • Report Format: PDF

Hemato Oncology Testing Market Trends

Innovations in molecular diagnostic technologies, such as next-generation sequencing (NGS), polymerase chain reaction (PCR), and fluorescence in situ hybridization (FISH), have improved the accuracy and speed of hemato oncology testing, driving market growth during the analysis period. For example, the National Comprehensive Cancer Network and the European LeukemiaNet guidelines for chronic myelogenous leukemia (CML) endorse the RT-qPCR test for diagnosis confirmation. They recommend the RT-qPCR test every 3 months until BCR-ABL1 transcripts drop below 0.1%, then every 3 to 6 months. This increases the use of PCR-based assays, given their high sensitivity in detecting genetic mutations in patient blood samples and bone marrow. Furthermore, advancements in diagnostic technology facilitate personalized medicine approaches, increasing the demand for hemato-oncology testing and contributing to market growth.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global hemato oncology testing market was valued at USD 3.2 billion in 2023 and will grow at 14.2% CAGR during 2024-2032, fueled by the rising prevalence of hematological malignancies.

The kits & reagents segment in the market recorded USD 1.7 billion in 2023 and will expand through 2032, driven by rising demand for personalized medicine, which tailors treatments to a patient's genetic and molecular profile.

North America hemato oncology testing market recorded 45.6% share in 2023 and will grow rapidly through 2032, driven by the rising rates of hematological cancers, including leukemia, lymphoma, and multiple myeloma,

Abbott Laboratories, ARUP Laboratories, Bio-Rad Laboratories Inc, Danaher Corporation (Integrated DNA Technologies, Inc.), Entrogen Inc, F. Hoffmann-La Roche Ltd, and Illumina, Inc among others.

Hemato Oncology Testing Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 405
  • Countries covered: 21
  • Pages: 232
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