Hemato Oncology Testing Market Report: Trends, Forecast and Competitive Analysis to 2030

Hemato Oncology Testing Trends and Forecast

The future of the global hemato oncology testing market looks promising with opportunities in the hospital and academic & research institutes market. The global hemato oncology testing market is expected to reach an estimated $7.2 billion by 2030 with a CAGR of 14.5% from 2024 to 2030. The major drivers for this market are increasing the number of conferences on personalized medicine, rising rate of hematologic cancer, and growing number of privately run diagnostic facilities.

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Hemato Oncology Testing by Segment

The study includes a forecast for the global hemato oncology testing by technology, cancer type, product, end use, and region.

Hemato Oncology Testing Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• PCR
• IHC
• NGS
• Cytogenetics
• Others

Hemato Oncology Testing Market by Cancer Type [Shipment Analysis by Value from 2018 to 2030]:

• Leukemia
• Lymphoma
• Myeloproliferative Neoplasms
• Other

Hemato Oncology Testing Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Assay Kits and Reagents
• Services

Hemato Oncology Testing Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals
• Academic & Research Institutes
• Others

Hemato Oncology Testing Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Hemato Oncology Testing Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hemato oncology testing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hemato oncology testing companies profiled in this report include-

• F. Hoffmann-La Roche
• Abbott
• EntroGen
• Qiagen
• Cepheid
• Thermo Fisher Scientific
• Bio-Rad Laboratories
• Illumina
• Amoy Diagnostics
• ArcherDX

Hemato Oncology Testing Market Insights

Lucintel forecasts that service will remain the larger segment over the forecast period due to increasing public knowledge of various treatment options, including tailored medications.

North America will remain the largest region over the forecast period due to the increased prevalence of multiple myeloma, lymphoma, and leukemia, along with the availability of cutting-edge medical facilities and healthcare, as well as the introduction of new technology.

Features of the Global Hemato Oncology Testing Market

Market Size Estimates: Hemato oncology testing market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Hemato oncology testing market size by various segments, such as by technology, cancer type, product, end use, and region in terms of value ($B).

Regional Analysis: Hemato oncology testing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different technology, cancer type, product, end use, and regions for the hemato oncology testing market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hemato oncology testing market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the hemato oncology testing market size?

Answer: The global hemato oncology testing market is expected to reach an estimated $7.2 billion by 2030.

Q2. What is the growth forecast for hemato oncology testing market?

Answer: The global hemato oncology testing market is expected to grow with a CAGR of 14.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the hemato oncology testing market?

Answer: The major drivers for this market are increasing the number of conferences on personalized medicine, rising rate of hematologic cancer, and growing number of privately run diagnostic facilities.

Q4. What are the major segments for hemato oncology testing market?

Answer: The future of the global hemato oncology testing market looks promising with opportunities in the hospital and academic & research institutes market.

Q5. Who are the key hemato oncology testing market companies?

Answer: Some of the key hemato oncology testing companies are as follows.

• F. Hoffmann-La Roche
• Abbott
• EntroGen
• Qiagen
• Cepheid
• Thermo Fisher Scientific
• Bio-Rad Laboratories
• Illumina
• Amoy Diagnostics
• ArcherDX

Q6. Which hemato oncology testing market segment will be the largest in future?

Answer: Lucintel forecasts that service will remain the larger segment over the forecast period due to increasing public knowledge of various treatment options, including tailored medications.

Q7. In hemato oncology testing market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to the increased prevalence of multiple myeloma, lymphoma, and leukemia, along with the availability of cutting-edge medical facilities and healthcare, as well as the introduction of new technology.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the hemato oncology testing market by technology (PCR, IHC, NGS, cytogenetics, and others), cancer type (leukemia, lymphoma, myeloproliferative neoplasms, and other), product (assay kits and reagents and services), end use (hospitals, academic & research institutes, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?