Overview of Global Immuno-Oncology Assay Market Size, Share, and Growth Forecast for 2023-28
The report aims to provide a comprehensive perspective on the Global Immuno-Oncology Assay Market : Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. It offers an industry overview, including an analysis of historical and future market growth. Key parameters such as revenue, demand, and applicable supply data are highlighted. The study offers regional estimates, forecasts, and trend analyses for various countries.
Report's Study Period:
- Historical period: 2018 – 2021
- Base Year: 2022
- Forecasting period: 2023 – 2028
Insights and Analysis of the Global Immuno-Oncology Assay Market for the Period 2023-2028:
The Global Immuno-Oncology Assay Market size is estimated to grow at a CAGR of around 12.5% during the forecast period, i.e., 2023-28. The market growth has been supported by several factors reshaping the cancer diagnosis and treatment landscape. One of the primary factors has been the escalating global cancer incidence, which led to the critical need for more precise diagnostic tools and effective therapeutic strategies.
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Global Immuno-Oncology Assay Market Dynamic:
Industry Driving Factor:
Increasing Cancer Cases Globally to Drive Immuno-Oncology Assay Market– The substantial growth in the Global Immuno-Oncology Assay Market has been attributed to the increasing prevalence of cancer globally. The global incidence of cancer has risen significantly, with notable increases reported in countries such as the US and India, as documented by leading healthcare organizations like the World Health Organization, the International Agency for Research on Cancer, and the Global Cancer Observatory. For instance,
- In 2018, the Global Cancer Observatory recorded approximately 18.1 million cancer cases worldwide, a number that escalated to approximately 19.2 million by 2020.
This surge in cancer cases has underscored the imperative for effective management. Consequently, countries, particularly the United States and India, have implemented measures to combat cancer, leading to heightened awareness among patients. This heightened awareness has driven the need for immune-oncology assays globally, catering to the need for early-stage detection and diagnosis.
Furthermore, global cancer research and healthcare organizations predict a continued increase in cancer cases in the years ahead. This prediction is based on factors such as the proliferation of carcinogenic pollutants in the environment and the growing prevalence of genetic mutations as significant contributors to cancer development. As a result, the demand for better immune-oncology diagnostic services would amplify in the coming years as well.
Segmentation Analysis of the Immuno-Oncology Assay Market for the Period 2023-2028:
Our team of analysts has carefully studied the market using various methods and calculations to create a detailed analysis. We've broken down the market into different sections and thoroughly examined each one. This in-depth exploration has helped us identify the standout performing segment in each section by closely examining various aspects of the market.
We have delved into the factors and trends driving increased activity in these specific segments. Additionally, we have identified the main market participants who are actively involved in these segments, giving us a complete understanding of their unique characteristics. Our study also includes a comprehensive view of the market's structural expansion, offering a clear framework to understand how it has evolved.
- By Product Services
- Reagents and Antibodies
- Testing Kits
- Instruments
- Consumables Accessories
- Software
- By Assay Type
- Checkpoint Inhibitor Assays
- Cytokine Profiling Assays
- Protein Biomarker Assays
- Genomic Sequencing and Mutational Analysis
- Immune Profiling Assays
- Tumour Biomarker Assays Million
- Others (Gene Expression Profiling Assays, Multiplex Assays, etc.)
- By Technology
- Polymerase Chain Reaction
- Immunoassay
- Next-generation Sequencing
- In-situ Hybridization
- Flow Cytometry
- Others (Mass Spectrometry, Immunohistochemistry (IHC), etc.)
- By Indication
- Lung Cancer
- Breast Cancer
- Colorectal Cancer
- Prostate Cancer
- Ovarian Cancer
- Others (Bladder Cancer, Melanoma, etc.)
- By Application
- Clinical Assay
- Research Development
- By End User
- Hospitals
- Cancer Research Centers
- Specialty Cancer Clinics
- Clinical Laboratories
- Others (Contract Research Organizations (CROs), Contract Development Manufacturing Organizations (CDMOs), etc.)
- By Region
- North America
- South America
- Europe
- Middle East Africa
- Asia-Pacific
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Leading Market Position in The Immuno-Oncology Assay Market
In analysing the Immuno-Oncology Assay Market, we conduct a thorough competitive benchmarking assessment involving key firms such as
- Agilent Technologies Inc.
- Aviva Systems Biology Corporation
- PerkinElmer Inc.
- Bio-Rad Laboratories, Inc.
- Illumina Inc.
- Qiagen N.V.
- Thermo Fisher Scientific, Inc.
- Sartorius AG
- NanoString Technologies, Inc.
- BioGenex
- Abbott Laboratories, Inc.
- Asuragen Inc.
- Meso Scale Assay, LLC
- Merck Millipore
- Enzo Biochem Inc.
- Others
This evaluation entails a detailed review of each company's product value, capabilities, and notable attributes. Moreover, our study encompasses recent mergers, acquisitions, and product launches by these firms, aiming to offer stakeholders valuable insights into the prevailing market dynamics.
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Immuno-Oncology Assay Market Recent Development:
- 2023: Bio-Rad Laboratories, Inc.and Cytek Biosciences collaborated to utilize Bio-Rad's StarBright™ Dyes for creating reagent products that enhance high-parameter applications on Cytek's Aurora and Northern Lights™ flow cytometry systems, boosting their immuno-oncology assay and immunotherapy research capabilities.
The Immuno-Oncology Assay Market Research Report for 2023-28 addresses several key questions:
- How will the growth rate of the Immuno-Oncology Assay market progress during the projected period?
- What market factors will serve as the foundation for shaping client and business strategies?
- Which factors are currently exerting influence, including increased demand and ongoing market advancements?
- Among the studied market segments, which one’s present promising avenues for extended growth opportunities?
- Which company currently holds the leading market position?
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