Soaring Occurrences of Blood Cancers Such as Cancer of the Lymphoma to Bode Well with Market Expansion
The global hemato oncology testing market is anticipated to cross USD 4.39 billion by 2025, growing at a CAGR of over 13%. Increasing prevalence of blood cancer amongst children is anticipated to drive the demand for test kits in the coming years.
Therapeutic and diagnostic advances in blood related ailments as well as cancers have been capitalizing steady growth and market expansion in global hemato oncology testing market, finds Adroit Market Research in its recent research expedition on hemato oncology testing market.
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The report is a ready-to-refer instant business guide influencing thorough, unfaltering business discretion with promising revenue potential. Large scale occurrences of blood cancers such as cancer of the lymphoma have been instrumenting massive growth. International research findings such as facilitated by American Cancer Society affirms that cancer of the lymphoma is one of the most prevalent and deadliest forms of cancer, with high mortality. Besides matured economies, emerging nations are likely to bask in the growth backed by government policies, healthcare spending and significant alterations in the reimbursement policies.
Acute myeloid leukemia (AML) is a bone marrow malignancy that is distinguished by abnormal proliferation of progenitor myeloid cells (blasts) that induce neutropenia, anemia, and thrombocytopenia. AML is treated primarily using karyotechnologys and by evaluating the molecular modifications in leukemic blasts. Using these methods, patients are categorized according to their probability of relapse: strong, moderate and weak.
Market Participants Leverage Automation for Improved Diagnostic Outcome
With pathbreaking innovations in technology and the much-coerced amalgamation of healthtech offerings, hemato oncology testing space is being massively shaped by novel features and tools such as the most recent automation capabilities included in hemato offerings. Several frontline players in hemato oncology testing market are diversifying capabilities with novel automation features that allow precise diagnosis and testing results. Massive pressure on hematology labs may now be appropriately balanced out with advanced automation, thus improving overall growth outlook in hemato oncology testing market.
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Precision Medicine for Customized Cancer Therapeutics Augments Lush Reliance on Hemato Oncology Testing
With stupendous rise in precision medicine and substantial advances in R&D expeditions, global hematology oncology testing market is anticipated to hit growth heights. Precision medicine is assuming greater roles as the efficacy of the same is expected to leverage drug customization based on each individual patient needs. As R&D investments increase manifold towards developing precision medicine for blood cancers, hemato oncology testing practices are also anticipated to experience further adoption.
Key vendors in the market include ARUP Laboratories Inc., Invivoscribe, Inc, Thermo Fisher Scientific, Inc, F. Hoffmann-La Roche Ltd, Abbott Laboratories, Adaptive Biotechnologies, ArcherDx, Inc., MolecularMD, etc. Increasing spending on R&D by tier 1 companies has been a successful strategy for them in order to maintain their market position. For instance, Roche has been investing around 11%-13% of their revenues in R&D, also majority of the sales for the company has been from APAC. As a result of which, the company was successful in developing RealTime IDH1 and RealTime IDH2 PCR kits for rapid detection of the medical condition. Such strategies are anticipated to improve the rate of diagnosis and reduce the global economic burden of the disease in coming years.
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Key segments of the global hemato oncology testing market
Product Overview, 2015-2025 (USD Million)
- Assay Kits
Indication Overview, 2015-2025 (USD Million)
- Acute Myeloid Leukemia
- Acute Lymphocytic Leukemia
- Non-Hodgkin Lymphoma
- Hodgkin Lymphoma
Technology Overview, 2015-2025 (USD Million)
End User Overview, 2015-2025 (USD Million)
- Clinical Laboratories
- Academic & Research Institutes
Regional Overview, 2015-2025 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
Table Of Contents:
1.2. Market Definition and Scope
1.3. Units, Currency, Conversions and Years Considered
1.4. Key Stakeholders
1.5. Key Questions Answered
- Research Methodology
2.2. Data Capture Sources
2.3. Market Size Estimation
2.4. Market Forecast
2.5. Data Triangulation
2.6. Assumptions and Limitations
- Market Outlook
3.2. Market Dynamics
3.3. Porter’s Five Forces Analysis
- Hemato Oncology Testing Market by Product, 2015-2025 (USD Million)
4.2. Assay Kits
- Hemato Oncology Testing Market by indication, 2015-2025 (USD Million)
5.1.1. Acute Myeloid Leukemia
5.1.2. Acute Lymphocytic Leukemia
5.2.1. Non-Hodgkin Lymphoma
5.2.2. Hodgkin Lymphoma
- Hemato Oncology Testing Market by Technology, 2015-2025 (USD Million)
- Hemato Oncology Testing Market by End User, 2015-2025 (USD Million)
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Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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