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Non-Hodgkin Lymphoma Diagnostics Market Size
Non-Hodgkin Lymphoma Diagnostics Market size will expand at a significant pace between 2024 and 2032 due to the high demand for growing public awareness and advanced treatment options. It is one of the most common cancers and accounts for about 4% of all cancer cases in the US. The American Cancer Society estimates that about 80,470 people will be diagnosed with NHL in 2022. Several FDA-approved therapeutic medications and enhanced diagnostic methods are developed to improve treatment outcomes. However, rising medical costs and strict regulatory requirements could restrain industry expansion to some extent.
Non-Hodgkin Lymphoma Diagnostics Market Trends
The notable trends in the industry reflect advancements in diagnostic technologies and an evolving landscape of healthcare. There is increasing integration of molecular diagnostics and genetic profiling in lymphoma diagnosis, providing more precise and personalized insights for effective treatment strategies.
Additionally, there is a growing emphasis on early detection, leading to the development of innovative diagnostic tools and techniques that enable swift and accurate identification of NHL. These trends collectively signify a progressive shift towards more sophisticated and patient-centric approaches, fostering advancements in diagnostic capabilities and contributing to improved patient outcomes.
Non-Hodgkin Lymphoma Diagnostics Market Analysis
The biopsy testing segment is anticipated to account for a sizable share of the non-hodgkin lymphoma (NHL) diagnostics market by 2032. Biopsy testing is commonly used in excisional or incisional biopsy procedures. They are frequently employed for diagnosing illnesses such as infections and inflammatory disorders. The introduction of advanced testing methods, such as liquid biopsies, is likely to facilitate industry gains over the coming years.
Hospitals are likely to see a high demand for non-hodgkin lymphoma diagnostics by 2032. These healthcare setting have easy accessibility to quick and precise diagnostic tests as well as skilled specialists. This not only reduces the use of unnecessary medications but also shortens hospital stays and improves patient outcomes. The increasing desire of patients to receive cancer diagnoses in hospitals.
Asia Pacific non-hodgkin lymphoma diagnostics market will register a sizable revenue share by 2023 driven by rising healthcare spending and a growing patient base. Increased propensity for urban lifestyles and rapid economic development are responsible for the rise in cancer cases across the region. Advancements in the healthcare sector will influence by the availability of high diagnostic facilities and developments in testing methods.
North America industry is also predicted to grow at a commendable rate due to rising cases of cancer and high spending on its diagnostic solutions. According to the American Cancer Society, around $246 billion is expected to be spent in the U.S. on cancer-related healthcare by 2030. The technological developments and investments in the healthcare domain and the presence of robust regulatory frameworks.
Non-Hodgkin Lymphoma Diagnostics Market Share
The leading companies operating in the non-hodgkin lymphoma diagnostics industry include:
- Merit Medical Systems
- Thermo Fisher Scientific
- LSL HEALTHCARE INC.
- Medtronic
- Aspire Medical Innovation
- Argon Medical
- Depuy Synthes (Johnson & Johnson)
- Merck KGaA
- Medplus Inc.
- PerkinElmer Inc. (PerkinElmer)
- Agilent Technologies Inc.
- BD
- Cardinal Health
- Abbott Laboratories
The collaborative efforts between diagnostic companies and research institutions are driving the exploration of novel biomarkers, enhancing the diagnostic accuracy and prognostic value.
Non-Hodgkin Lymphoma Diagnostics Industry News
- In March 2022, Healthware Group acquired Argon Global Healthcare to enhance its capacity to cater to global life science clients, particularly within its advisory and go-to-market agency services sector. The acquisition is anticipated to fortify Healthware's position in the industry and provide a broader range of services to its clientele in the dynamic and evolving landscape of global health and technology.