Oncology Molecular Diagnostics Market
Oncology Molecular Diagnostics Market By Product (Oncology Molecular Diagnostic Reagents & Kits, Instruments, Services & Software), By Technology (Polymerase Chain Reaction (PCR), In Situ Hybridization (ISH)), By End User, By Region - Global Insights to 2031
Analysis of Oncology Molecular Diagnostics market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Oncology Molecular Diagnostics Market Outlook
The global oncology molecular diagnostics market was valued at around US$ 1.7 Billion in 2020 and is anticipated to reach a valuation of US$ 4 Billion by 2031.
Demand for oncology molecular diagnostics is driven by increasing prevalence of infectious diseases and cancer, rising funding towards R&D, increase in PoC (point of care) testing devices, and various technological advancements.
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Usage Analysis of Oncology Molecular Diagnostics from 2016 to 2020 Vs Future Market Outlook for 2021 to 2031
According to Fact.MR, a market research and competitive intelligence provider, the global oncology molecular diagnostics market was estimated at US$ 1.3 Bn in 2016 and is anticipated to expand at a CAGR of 11% from 2021 to 2031. The market is being driven by sales of oncology molecular diagnostic instruments, kits, and reagents used for diagnosing cancer.
Molecular diagnostics are tests for oncology diagnose genetic information, proteins or related molecules, and provide health or disease information. This study is usually performed on blood, saliva, or tumor tissue samples.
Rise in the number of cancer cases across the globe is contributing to the growth of the market. According to the American Cancer Society, there were 1.7 million new cases and 0.6 million cancer deaths in 2019, in the U.S.
The four most common types of cancers worldwide are lung, prostate, bowel, and female breast cancer. Therefore, rise in cancer incidence rate globally is anticipated to boost demand for oncology molecular diagnostic for cancer detection over the coming years.
How Does Oncology Molecular Diagnostics Help in Early Detection?
Oncology molecular diagnostics identify the presence of cancer cells by analyzing their biological molecules. Several tests are performed on the blood, saliva, and tumor tissue samples for detecting and measuring specific genetic sequences in the DNA, RNA, and cell proteins.
Oncology molecular diagnostics help perform rapid analysis and provide detailed information that is further utilized in the personalized treatment of cancer.
These diagnostic solutions find application in clinical and point-of-care (PoC) testing for early detection of cancer. They are also used in blood banks to identify pathogens and infectious diseases present in the donated blood samples.
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What are the Main Factors Stimulating Demand for Oncology Based Molecular Diagnostics?
Rising prevalence of cancer on account of changing lifestyles, growing geriatric population, and increasing trend of smoking represents one of the major factors driving global market growth.
Apart from this, escalating demand for rapid and accurate diagnosis, along with advancements in next generation sequencing (NGS) techniques for oncology molecular diagnostics is contributing to the growth of the market.
Furthermore, rise in the number of individuals suffering from viral and bacterial infections and increasing participation in blood donation campaigns are positively influencing demand for oncology molecular diagnostic tests worldwide.
What are the Key Restrains Affecting Sales of Oncology Molecular Diagnostics?
A molecular diagnostic instrument is expensive. The variable costs of the reagents needed, and those fixed by the suppliers thereof, add to the overall expenditure.
Furthermore, maintenance and insurance, laboratory supervision, and overhead costs (including utilities, space, and administration) are also additional expenses.
High volume of molecular diagnostic instruments may be affordable only for large hospitals and reference laboratories with good capital budgets. Most small laboratories, physician’s offices, and sole practitioners have no capital budgets and may not be able to afford a very large-sized analyzer.
Thus, high-cost requirements might restrain the growth of the cancer molecular diagnostics market over the coming years.
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What are the Key Trends in the Oncology Molecular Diagnostics Market?
Advanced technology in genomics is a key trend in the said market. Advancements in cancer genome sequencing technology, computational analysis, tumor models, and innovation of modern cancer research methods promote early detection of cancer and its mutation.
For instance, Roche Molecular Systems, a U.S.-based company, developed Cobas EGFR Mutation Test for non-small cell lung cancer patients. This test is a real-time test that detects 42 mutations of the epidermal growth factor receptor (EGFR) gene, along with the resistant mutation of cancer. In June 2020, FDA approved Cobas EGFR Mutation Test.
Such technological advancements are playing a major role in promoting the usage of molecular diagnostic tests for oncology.
What are the Regional Opportunities Awaiting Manufacturers of Oncology Molecular Diagnostics?
North America accounts for the largest share of around 34% of the global market. The North America’s market growth can be attributed to the highly developed healthcare system in the U.S. and Canada, the presence of many leading national clinical laboratories, and the easy accessibility to technologically advanced instruments.
The market in Asia Pacific is expected to expand at the fastest CAGR of 16% during the forecast period. Increasing incidence of cancer among the low- and middle-income population in the Asia Pacific region can be attributed to the aging populations and changes in lifestyle associated with economic development and epidemiologic transition.
India, China, and Australia are expected to offer immense potential for this industry, mainly due to growing economy and high unmet medical needs.
Demand for oncology molecular diagnostic instruments in China is set to expand at a CAGR of 9% across the assessment period. Also, sales of molecular diagnostic kits in Australia are expected to increase significantly over the next ten years.
Country-wise Analysis
Will the U.S. Remain a Lucrative Market for Suppliers of Oncology Molecular Diagnostics?
The U.S. oncology molecular diagnostics market was estimated at US$ 491 Mn in 2020. Incidence of cancer cases have been on the rise since many years in the country.
Most common sites of cancer are lung, liver, stomach, colorectal, and breast. Hence the rising cancer cases are driving the sales of oncology molecular diagnostics in the country.
Furthermore, rising awareness levels among patients and healthcare professionals for early detection and differentiation of cancer is estimated to enhance the usage rates of molecular diagnostic techniques for oncology.
Category-wise Analysis
Will Demand for Reagents & Kits Remain High Across the Assessment Period?
The reagents & kits segment accounts for the largest share in this market. The frequent purchase of these products due to their recurrent usage drives the market growth of this segment.
Demand for oncology molecular diagnostic reagents & kits is estimated to expand at a CAGR of 12.8% across the assessment period.
Why is Demand for PCR in Oncology Molecular Diagnostics Dominating the Market?
The polymerase chain reaction (PCR) segment accounted for the largest market share by technology. This can be attributed to the growing use of PCR in proteomics and genomics, use of RT-PCR in COVID-19 test, automation of PCR instruments, and the emergence of advanced technologies like qRT-PCR (Real-Time Quantitative Reverse Transcription PCR) drive this segment's growth.
Competitive Landscape
Top service providers of oncology molecular diagnostics, in an attempt to gain stability, are adopting strategies such as specialized product development. Leading market players in oncology molecular diagnostics are also entering into collaborations with top oncology molecular diagnostic instrument brands, for development of companion diagnostic pertaining to cancer.
Some of the key developments are:
- In September 2015; Roche launched the Cobas EGFR Mutation Test v2, which is used for diagnosis of Non-Small Cell Lung Cancer (NSCLC), which is expected to drive the growth of this market.
- Qiagen and Lilly announced their plans to co-develop companion diagnostics for targeting common cancer biomarkers.
- In February 2019, ICON plc, a US-based biotechnology company, acquired MolecularMD for an undisclosed amount. The acquisition enhances ICON’s laboratory offering in molecular diagnostic testing and brings to ICON expanded testing platforms, including next-generation sequencing, and immunohistochemistry (IHC).
Oncology Molecular Diagnostic Market Report Scope
| Attributes | Details |
|---|---|
| Market size value in 2020 | USD 1.7 Billion |
| Market forecast value in 2031 | USD 4 Billion |
| Growth Rate | CAGR of 11% from 2021 to 2031 |
| Forecast Period | 2021 to 2031 |
| Historical Data Available for | 2016 to 2020 |
| Market Analysis | US$ Mn for Value & ‘000 Units for Volume |
| Key Regions Covered | North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, France, the UK, Russia, Italy, China, Japan, South Korea, India, Australia, Middle East, Latin America |
| Key Market Segments Covered | Product, Technology, End User, Region |
| Key Companies Profiled | F. Hoffmann-La Roche Ltd; Hologic; BioMérieux SA; Abbott Laboratories; QIAGEN; Thermo Fisher Scientific Inc.; Siemens Healthineers AG; Danaher Corporation; Myriad Genetics Inc.; Illumina Inc.; Agilent Technologies Inc.; Becton; Dickinson and Company; DiaSorin S.p.A; Grifols; Quidel Corporation; Genetic Signatures; MDxHealth; Exact Sciences Corporation; Biocartis NV; TBG Diagnostics Ltd.; GenMark Diagnostics Inc; Luminex Corporation; HTG Molecular Diagnostics; Vela Diagnostics; Amoy Diagnostics Co.; Molbio Diagnostics Pvt. Ltd.; ELITechGroup; Savyon Diagnostics Ltd; ABACUS Diagnostica Oy, and; GeneOmbio Technologies Pvt. Ltd |
| Pricing | Available upon Request |
Key Segments Covered in Oncology Molecular Diagnostic Industry Research
-
By Product :
- Oncology Molecular Diagnostic Reagents & Kits
- Oncology Molecular Diagnostic Instruments
- Oncology Molecular Diagnostic Tabletop Instruments
- Oncology Molecular Diagnostic Portable & PoC Instruments
- Oncology Molecular Diagnostic Services & Software
-
By Technology :
- Polymerase Chain Reaction (PCR) in Oncology Molecular Diagnostics
- Isothermal Nucleic Acid Amplification Technology (INAAT) for Oncology Molecular Diagnostics
- DNA Sequencing & Next-Generation Sequencing (NGS) for Oncology Molecular Diagnostics
- In Situ Hybridization (ISH) Technology for Oncology Molecular Diagnostics
- DNA Chips and Microarrays for Oncology Molecular Diagnostics
-
By End User :
- Oncology Molecular Diagnostic Used in Diagnostic Laboratories
- Oncology Molecular Diagnostic Used in Hospitals & Clinics
Table of Content
- 1. Global Market - Executive Summary
- 2. Global Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Global Market Demand (US$ Mn) Analysis 2016 to 2020 and Forecast, 2021 to 2031
- 6. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, By Technology
- 6.1. Polymerase Chain Reaction (PCR)
- 6.2. Isothermal Nucleic Acid Amplification Technology (INAAT)
- 6.3. DNA Sequencing & Next-Generation Sequencing (NGS)
- 6.4. In Situ Hybridization (ISH)
- 6.5. DNA Microarrays
- 7. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Product
- 7.1. Reagents & Kits
- 7.2. Instruments
- 7.3. Services & Software
- 8. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by End User
- 8.1. Diagnostic Laboratories
- 8.2. Hospitals & Clinics
- 9. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East and Africa (MEA)
- 10. North America Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 11. Latin America Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 12. Europe Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 13. East Asia Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 14. South Asia & Oceania Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 15. Middle East and Africa Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. F. Hoffmann-La Roche Ltd
- 17.2. Hologic
- 17.3. BioMérieux SA
- 17.4. Abbott Laboratories
- 17.5. QIAGEN
- 17.6. Thermo Fisher Scientific Inc.
- 17.7. Siemens Healthineers AG
- 17.8. Danaher Corporation
- 17.9. Myriad Genetics Inc.
- 17.10. Illumina Inc.
- 17.11. Agilent Technologies Inc.
- 17.12. Becton, Dickinson and Company
- 17.13. DiaSorin S.p.A, Grifols
- 17.14. Quidel Corporation
- 17.15. Genetic Signatures
- 17.16. MDxHealth
- 17.17. Exact Sciences Corporation
- 17.18. Biocartis NV
- 17.19. TBG Diagnostics Ltd.
- 17.20. GenMark Diagnostics Inc.
- 17.21. Luminex Corporation
- 17.22. HTG Molecular Diagnostics Inc.
- 17.23. Vela Diagnostics
- 17.24. Amoy Diagnostics Co.
- 17.25. Molbio Diagnostics Pvt. Ltd.
- 17.26. ELITechGroup
- 17.27. Savyon Diagnostics Ltd
- 17.28. ABACUS Diagnostica Oy
- 17.29. GeneOmbio Technologies Pvt. Ltd.
- 18. Assumptions And Acronyms Used
- 19. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Mn) Analysis, by Technology, 2016 to 2020
Table 2: Global Market Value (US$ Mn) Analysis, by Technology, 2021 to 2031
Table 3: Global Market Value (US$ Mn) Opportunity Analysis, by Technology, 2021 to 2031
Table 4: Global Market Value (US$ Mn) Analysis, by Product, 2016 to 2020
Table 5: Global Market Value (US$ Mn) Analysis, by Product, 2021 to 2031
Table 6: Global Market Value (US$ Mn) Opportunity Analysis, by Product, 2021 to 2031
Table 7: Global Market Value (US$ Mn) Analysis, by End User, 2016 to 2020
Table 8: Global Market Value (US$ Mn) Analysis, by End User, 2021 to 2031
Table 9: Global Market Value (US$ Mn) Opportunity Analysis, by End User, 2021 to 2031
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2016 to 2020
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2021 to 2031
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2021 to 2031
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2016 to 2020
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2021 to 2031
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2021 to 2031
Table 16: North America Market Value (US$ Mn) Analysis, by Technology, 2016 to 2020
Table 17: North America Market Value (US$ Mn) Analysis, by Technology, 2021 to 2031
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Technology, 2021 to 2031
Table 19: North America Market Value (US$ Mn) Analysis, by Product, 2016 to 2020
Table 20: North America Market Value (US$ Mn) Analysis, by Product, 2021 to 2031
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Product, 2021 to 2031
Table 22: North America Market Value (US$ Mn) Analysis, by End User, 2016 to 2020
Table 23: North America Market Value (US$ Mn) Analysis, by End User, 2021 to 2031
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by End User, 2021 to 2031
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2016 to 2020
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2021 to 2031
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2021 to 2031
Table 28: Latin America Market Value (US$ Mn) Analysis, by Technology, 2016 to 2020
Table 29: Latin America Market Value (US$ Mn) Analysis, by Technology, 2021 to 2031
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Technology, 2021 to 2031
Table 31: Latin America Market Value (US$ Mn) Analysis, by Product, 2016 to 2020
Table 32: Latin America Market Value (US$ Mn) Analysis, by Product, 2021 to 2031
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Product, 2021 to 2031
Table 34: Latin America Market Value (US$ Mn) Analysis, by End User, 2016 to 2020
Table 35: Latin America Market Value (US$ Mn) Analysis, by End User, 2021 to 2031
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by End User, 2021 to 2031
Table 37: Europe Market Value (US$ Mn) Analysis, by Country, 2016 to 2020
Table 38: Europe Market Value (US$ Mn) Analysis, by Country, 2021 to 2031
Table 39: Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2021 to 2031
Table 40: Europe Market Value (US$ Mn) Analysis, by Technology, 2016 to 2020
Table 41: Europe Market Value (US$ Mn) Analysis, by Technology, 2021 to 2031
Table 42: Europe Market Value (US$ Mn) Opportunity Analysis, by Technology, 2021 to 2031
Table 43: Europe Market Value (US$ Mn) Analysis, by Product, 2016 to 2020
Table 44: Europe Market Value (US$ Mn) Analysis, by Product, 2021 to 2031
Table 45: Europe Market Value (US$ Mn) Opportunity Analysis, by Product, 2021 to 2031
Table 46: Europe Market Value (US$ Mn) Analysis, by End User, 2016 to 2020
Table 47: Europe Market Value (US$ Mn) Analysis, by End User, 2021 to 2031
Table 48: Europe Market Value (US$ Mn) Opportunity Analysis, by End User, 2021 to 2031
Table 49: East Asia Market Value (US$ Mn) Analysis, by Country, 2016 to 2020
Table 50: East Asia Market Value (US$ Mn) Analysis, by Country, 2021 to 2031
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2021 to 2031
Table 52: East Asia Market Value (US$ Mn) Analysis, by Technology, 2016 to 2020
Table 53: East Asia Market Value (US$ Mn) Analysis, by Technology, 2021 to 2031
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Technology, 2021 to 2031
Table 55: East Asia Market Value (US$ Mn) Analysis, by Product, 2016 to 2020
Table 56: East Asia Market Value (US$ Mn) Analysis, by Product, 2021 to 2031
Table 57: East Asia Market Value (US$ Mn) Opportunity Analysis, by Product, 2021 to 2031
Table 58: East Asia Market Value (US$ Mn) Analysis, by End User, 2016 to 2020
Table 59: East Asia Market Value (US$ Mn) Analysis, by End User, 2021 to 2031
Table 60: East Asia Market Value (US$ Mn) Opportunity Analysis, by End User, 2021 to 2031
Table 61: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2016 to 2020
Table 62: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2021 to 2031
Table 63: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Country, 2021 to 2031
Table 64: South Asia & Oceania Market Value (US$ Mn) Analysis, by Technology, 2016 to 2020
Table 65: South Asia & Oceania Market Value (US$ Mn) Analysis, by Technology, 2021 to 2031
Table 66: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Technology, 2021 to 2031
Table 67: South Asia & Oceania Market Value (US$ Mn) Analysis, by Product, 2016 to 2020
Table 68: South Asia & Oceania Market Value (US$ Mn) Analysis, by Product, 2021 to 2031
Table 69: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Product, 2021 to 2031
Table 70: South Asia & Oceania Market Value (US$ Mn) Analysis, by End User, 2016 to 2020
Table 71: South Asia & Oceania Market Value (US$ Mn) Analysis, by End User, 2021 to 2031
Table 72: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by End User, 2021 to 2031
Table 73: MEA Market Value (US$ Mn) Analysis, by Country, 2016 to 2020
Table 74: MEA Market Value (US$ Mn) Analysis, by Country, 2021 to 2031
Table 75: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2021 to 2031
Table 76: MEA Market Value (US$ Mn) Analysis, by Technology, 2016 to 2020
Table 77: MEA Market Value (US$ Mn) Analysis, by Technology, 2021 to 2031
Table 78: MEA Market Value (US$ Mn) Opportunity Analysis, by Technology, 2021 to 2031
Table 79: MEA Market Value (US$ Mn) Analysis, by Product, 2016 to 2020
Table 80: MEA Market Value (US$ Mn) Analysis, by Product, 2021 to 2031
Table 81: MEA Market Value (US$ Mn) Opportunity Analysis, by Product, 2021 to 2031
Table 82: MEA Market Value (US$ Mn) Analysis, by End User, 2016 to 2020
Table 83: MEA Market Value (US$ Mn) Analysis, by End User, 2021 to 2031
Table 84: MEA Market Value (US$ Mn) Opportunity Analysis, by End User, 2021 to 2031
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List Of Figures
Figure 1: Global Market Value (US$ Mn) Historical Analysis, 2016 to 2020
Figure 2: Global Market Value (US$ Mn) Forecast and Analysis, 2021 to 2031
Figure 3: Global Market Value Y-o-Y Growth and Forecast, 2016 to 2031
Figure 4: Global Market Incremental $ Opportunity, 2021 to 2031
Figure 5: Global Market Share and BPS Analysis by Technology, 2021 & 2031
Figure 6: Global Market Y-o-Y Growth Projections by Technology, 2021 to 2031
Figure 7: Global Market Attractiveness Analysis by Technology, 2021 to 2031
Figure 8: Global Market Share and BPS Analysis by Product, 2021 & 2031
Figure 9: Global Market Y-o-Y Growth Projections by Product, 2021 to 2031
Figure 10: Global Market Attractiveness Analysis by Product, 2021 to 2031
Figure 11: Global Market Share and BPS Analysis by End User, 2021 & 2031
Figure 12: Global Market Y-o-Y Growth Projections by End User, 2021 to 2031
Figure 13: Global Market Attractiveness Analysis by End User, 2021 to 2031
Figure 14: Global Market Share and BPS Analysis by Region, 2021 & 2031
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2021 to 2031
Figure 16: Global Market Attractiveness Analysis by Region, 2021 to 2031
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2016 to 2020
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2021 to 2031
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2016 to 2031
Figure 20: North America Market Incremental $ Opportunity, 2021 to 2031
Figure 21: North America Market Share Analysis by Country, 2021 & 2031
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 23: North America Market Attractiveness Analysis by Country, 2021 to 2031
Figure 24: North America Market Share and BPS Analysis by Technology, 2021 & 2031
Figure 25: North America Market Y-o-Y Growth Projections by Technology, 2021 to 2031
Figure 26: North America Market Attractiveness Analysis by Technology, 2021 to 2031
Figure 27: North America Market Share and BPS Analysis by Product, 2021 & 2031
Figure 28: North America Market Y-o-Y Growth Projections by Product, 2021 to 2031
Figure 29: North America Market Attractiveness Analysis by Product, 2021 to 2031
Figure 30: North America Market Share and BPS Analysis by End User, 2021 & 2031
Figure 31: North America Market Y-o-Y Growth Projections by End User, 2021 to 2031
Figure 32: North America Market Attractiveness Analysis by End User, 2021 to 2031
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2016 to 2020
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2021 to 2031
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2016 to 2031
Figure 36: Latin America Market Incremental $ Opportunity, 2021 to 2031
Figure 37: Latin America Market Share Analysis by Country, 2021 & 2031
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 39: Latin America Market Attractiveness Analysis by Country, 2021 to 2031
Figure 40: Latin America Market Share and BPS Analysis by Technology, 2021 & 2031
Figure 41: Latin America Market Y-o-Y Growth Projections by Technology, 2021 to 2031
Figure 42: Latin America Market Attractiveness Analysis by Technology, 2021 to 2031
Figure 43: Latin America Market Share and BPS Analysis by Product, 2021 & 2031
Figure 44: Latin America Market Y-o-Y Growth Projections by Product, 2021 to 2031
Figure 45: Latin America Market Attractiveness Analysis by Product, 2021 to 2031
Figure 46: Latin America Market Share and BPS Analysis by End User, 2021 & 2031
Figure 47: Latin America Market Y-o-Y Growth Projections by End User, 2021 to 2031
Figure 48: Latin America Market Attractiveness Analysis by End User, 2021 to 2031
Figure 49: Europe Market Value (US$ Mn) Historical Analysis, 2016 to 2020
Figure 50: Europe Market Value (US$ Mn) Forecast and Analysis, 2021 to 2031
Figure 51: Europe Market Value Y-o-Y Growth and Forecast, 2016 to 2031
Figure 52: Europe Market Incremental $ Opportunity, 2021 to 2031
Figure 53: Europe Market Share Analysis by Country, 2021 & 2031
Figure 54: Europe Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 55: Europe Market Attractiveness Analysis by Country, 2021 to 2031
Figure 56: Europe Market Share and BPS Analysis by Technology, 2021 & 2031
Figure 57: Europe Market Y-o-Y Growth Projections by Technology, 2021 to 2031
Figure 58: Europe Market Attractiveness Analysis by Technology, 2021 to 2031
Figure 59: Europe Market Share and BPS Analysis by Product, 2021 & 2031
Figure 60: Europe Market Y-o-Y Growth Projections by Product, 2021 to 2031
Figure 61: Europe Market Attractiveness Analysis by Product, 2021 to 2031
Figure 62: Europe Market Share and BPS Analysis by End User, 2021 & 2031
Figure 63: Europe Market Y-o-Y Growth Projections by End User, 2021 to 2031
Figure 64: Europe Market Attractiveness Analysis by End User, 2021 to 2031
Figure 65: East Asia Market Value (US$ Mn) Historical Analysis, 2016 to 2020
Figure 66: East Asia Market Value (US$ Mn) Forecast and Analysis, 2021 to 2031
Figure 67: East Asia Market Value Y-o-Y Growth and Forecast, 2016 to 2031
Figure 68: East Asia Market Incremental $ Opportunity, 2021 to 2031
Figure 69: East Asia Market Share Analysis by Country, 2021 & 2031
Figure 70: East Asia Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 71: East Asia Market Attractiveness Analysis by Country, 2021 to 2031
Figure 72: East Asia Market Share and BPS Analysis by Technology, 2021 & 2031
Figure 73: East Asia Market Y-o-Y Growth Projections by Technology, 2021 to 2031
Figure 74: East Asia Market Attractiveness Analysis by Technology, 2021 to 2031
Figure 75: East Asia Market Share and BPS Analysis by Product, 2021 & 2031
Figure 76: East Asia Market Y-o-Y Growth Projections by Product, 2021 to 2031
Figure 77: East Asia Market Attractiveness Analysis by Product, 2021 to 2031
Figure 78: East Asia Market Share and BPS Analysis by End User, 2021 & 2031
Figure 79: East Asia Market Y-o-Y Growth Projections by End User, 2021 to 2031
Figure 80: East Asia Market Attractiveness Analysis by End User, 2021 to 2031
Figure 81: South Asia & Oceania Market Value (US$ Mn) Historical Analysis, 2016 to 2020
Figure 82: South Asia & Oceania Market Value (US$ Mn) Forecast and Analysis, 2021 to 2031
Figure 83: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2016 to 2031
Figure 84: South Asia & Oceania Market Incremental $ Opportunity, 2021 to 2031
Figure 85: South Asia & Oceania Market Share Analysis by Country, 2021 & 2031
Figure 86: South Asia & Oceania Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 87: South Asia & Oceania Market Attractiveness Analysis by Country, 2021 to 2031
Figure 88: South Asia & Oceania Market Share and BPS Analysis by Technology, 2021 & 2031
Figure 89: South Asia & Oceania Market Y-o-Y Growth Projections by Technology, 2021 to 2031
Figure 90: South Asia & Oceania Market Attractiveness Analysis by Technology, 2021 to 2031
Figure 91: South Asia & Oceania Market Share and BPS Analysis by Product, 2021 & 2031
Figure 92: South Asia & Oceania Market Y-o-Y Growth Projections by Product, 2021 to 2031
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Product, 2021 to 2031
Figure 94: South Asia & Oceania Market Share and BPS Analysis by End User, 2021 & 2031
Figure 95: South Asia & Oceania Market Y-o-Y Growth Projections by End User, 2021 to 2031
Figure 96: South Asia & Oceania Market Attractiveness Analysis by End User, 2021 to 2031
Figure 97: MEA Market Value (US$ Mn) Historical Analysis, 2016 to 2020
Figure 98: MEA Market Value (US$ Mn) Forecast and Analysis, 2021 to 2031
Figure 99: MEA Market Value Y-o-Y Growth and Forecast, 2016 to 2031
Figure 100: MEA Market Incremental $ Opportunity, 2021 to 2031
Figure 101: MEA Market Share Analysis by Country, 2021 & 2031
Figure 102: MEA Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 103: MEA Market Attractiveness Analysis by Country, 2021 to 2031
Figure 104: MEA Market Share and BPS Analysis by Technology, 2021 & 2031
Figure 105: MEA Market Y-o-Y Growth Projections by Technology, 2021 to 2031
Figure 106: MEA Market Attractiveness Analysis by Technology, 2021 to 2031
Figure 107: MEA Market Share and BPS Analysis by Product, 2021 & 2031
Figure 108: MEA Market Y-o-Y Growth Projections by Product, 2021 to 2031
Figure 109: MEA Market Attractiveness Analysis by Product, 2021 to 2031
Figure 110: MEA Market Share and BPS Analysis by End User, 2021 & 2031
Figure 111: MEA Market Y-o-Y Growth Projections by End User, 2021 to 2031
Figure 112: MEA Market Attractiveness Analysis by End User, 2021 to 2031
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Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What are the challenges impacting the market for oncology molecular diagnostics?
Challenges affecting the market are changing regulatory landscape, operational barriers, and introduction of alternative technologies.
What are the different types of oncology molecular diagnostic instruments used?
Different types of instruments are tabletop and portable & point-of-care instruments.
Who are the key end users of oncology molecular diagnostics?
Based on key end users, the market is segmented into diagnostic laboratories, hospitals, and clinics.
What is the expected growth rate of the market?
The global oncology molecular diagnostic market is expected to expand at a CAGR of 11% across the forecast period.
Which region is set to be a lucrative market for oncology molecular diagnostics?
Emerging economies in the Asia Pacific region will be lucrative markets for oncology molecular diagnostics over the next ten years.
Which diagnostic technology dominates the market?
Polymerase chain reaction (PCR) diagnostic technology dominates the market due to its robust results and early detection.
Which are the different types of cancers for detection of which mass spectrometry is used?
Mass spectrometry is used for oncology molecular diagnostics of colorectal cancer, blood cancer, and lung cancer.
Loop-mediated isothermal amplification (LAMP) is used for the diagnosis of which tumours?
Loop-mediated isothermal amplification is used for oncology molecular diagnosis of prostate cancer, liver cancer, and cervical cancer.
Who are the top manufacturers of oncology molecular diagnostic kits?
Roche, QIAGEN, Hologic, Grifols, and Abbott Laboratories are some of the top manufacturers of oncology molecular diagnostic kits.
What are the latest trends related to oncology molecular diagnostic tests?
Rising demand for PCR in oncology molecular diagnostics is the latest trend in the market.
Why is demand for PCR in oncology molecular diagnostics in Germany on the rise?
Due to rising cases of oncology in Germany, use of PCR for oncology molecular diagnostics is growing in the country.
How is demand for oncology molecular diagnostic instruments shaping up in China?
Demand for oncology molecular diagnostic instruments in China is expected to expand at a CAGR of 7% through 2031.
Oncology Molecular Diagnostics Market