PUBLISHER: The Business Research Company | PRODUCT CODE: 1760548
PUBLISHER: The Business Research Company | PRODUCT CODE: 1760548
Hematologic malignancies testing involves diagnostic and monitoring procedures aimed at detecting, classifying, and assessing cancers of the blood, bone marrow, and lymphatic system. This testing provides precise identification of the type and subtype of malignancy, helps determine prognosis, informs treatment strategies, and tracks treatment response or disease relapse.
The primary types of tests for hematologic malignancies include complete blood count (CBC), flow cytometry, molecular testing, genetic testing, and other methods. A complete blood count (CBC) measures various blood components such as red blood cells, white blood cells, hemoglobin, hematocrit, and platelets. Products in this area are classified as kits and services. Technologies employed include polymerase chain reaction (PCR), next-generation sequencing (NGS), immunohistochemistry (IHC), cytogenetics, among others. These tests address therapeutic indications like leukemia, lymphoma, multiple myeloma, myeloproliferative neoplasms, and more. They are utilized by a range of end-users including hospitals, diagnostic laboratories, academic institutions, research centers, and others.
The hematologic malignancies testing market research report is one of a series of new reports from The Business Research Company that provides hematologic malignancies testing market statistics, including the hematologic malignancies testing industry global market size, regional shares, competitors with the hematologic malignancies testing market share, detailed hematologic malignancies testing market segments, market trends, and opportunities, and any further data you may need to thrive in the hematologic malignancies testing industry. This hematologic malignancies testing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The hematologic malignancies testing market size has grown rapidly in recent years. It will grow from $3.16 billion in 2024 to $3.59 billion in 2025 at a compound annual growth rate (CAGR) of 13.5%. The growth during the historic period can be attributed to an increasing incidence of blood cancers, heightened awareness of early cancer detection, expanded use of flow cytometry and molecular diagnostics, growth in hematology testing across hospitals and laboratories, and improved availability of reimbursement for cancer diagnostic procedures.
The hematologic malignancies testing market size is expected to see rapid growth in the next few years. It will grow to $5.94 billion in 2029 at a compound annual growth rate (CAGR) of 13.4%. The projected growth in the forecast period is driven by increasing demand for personalized cancer treatments, wider adoption of next-generation sequencing, rising healthcare expenditures in emerging markets, expansion of precision oncology initiatives, and a growing number of clinical trials focused on blood cancer therapies. Key trends expected include advancements in molecular testing technologies, the development of automated and high-throughput diagnostic platforms, ongoing research and innovation in hematologic malignancies, integration of artificial intelligence in test interpretation, and breakthroughs in liquid biopsy methods for blood cancers.
The increasing number of cancer diagnoses is expected to drive the growth of the hematologic malignancies testing market in the coming years. Cancer diagnosis involves identifying the presence, type, and stage of cancer in a patient through various medical tests and evaluations such as imaging, laboratory tests, and biopsies. The rise in cancer diagnoses is attributed to improved access to screening programs and greater public awareness, leading to earlier detection. Hematologic malignancies testing supports cancer diagnosis by enabling early detection, accurate classification, and monitoring of blood-related cancers, which ultimately helps guide targeted treatment decisions and improves patient outcomes. For example, according to the American Cancer Society, a US-based nonprofit organization, over 2 million new cancer cases were diagnosed in the US in 2024, marking a 4% increase from previous years. Therefore, the rising number of cancer diagnoses is driving growth in the hematologic malignancies testing market.
Leading companies in the hematologic malignancies testing market are focusing on innovative diagnostic methods, such as rapid molecular profiling, to provide healthcare professionals with precise and timely diagnostic tools that improve early detection, treatment planning, and monitoring of blood cancers. Rapid molecular profiling is a diagnostic technique that analyzes a patient's genetic profile to identify mutations and variations, allowing for faster and more personalized treatment decisions. For instance, in November 2023, Roswell Park Comprehensive Cancer Center, a US-based cancer center, launched PanHeme, a next-generation gene sequencing tool designed to diagnose hematologic cancers like leukemia, lymphoma, and multiple myeloma with greater accuracy and speed. This test detects mutations in hundreds of genes within 72 hours, significantly enhancing the speed and precision of diagnosis and supporting more personalized treatment plans.
In January 2025, Adaptive Biotechnologies Corporation, a US-based biotechnology firm specializing in hematologic malignancies testing, partnered with NeoGenomics Laboratories, Inc. to expand personalized disease monitoring for blood cancer patients. Through this collaboration, Adaptive Biotechnologies and NeoGenomics aim to broaden access to precise minimal residual disease monitoring in blood cancers by incorporating the clonoSEQ test into NeoGenomics' diagnostic services, thereby improving treatment decisions and disease tracking. NeoGenomics Laboratories Inc. is a US-based public, high-complexity clinical laboratory specializing in cancer genetics diagnostic testing.
Major players in the hematologic malignancies testing market are Johnson & Johnson Private Limited, F. Hoffmann-La Roche Aktiengesellschaft, Merck & Co. Inc., Bayer Aktiengesellschaft, AstraZeneca PLC, Abbott Laboratories, Novartis Aktiengesellschaft, GlaxoSmithKline Public Limited Company, Eli Lilly and Company, Laboratory Corporation of America Holdings, Agilent Technologies Inc., Sun Pharmaceutical Industries Limited, Illumina Inc., Bio-Rad Laboratories Inc., Cipla Limited, Hikma Pharmaceuticals PLC, Lupin Limited, Invitae Corporation, Adaptive Biotechnologies Corporation, Invivoscribe Inc.
North America was the largest region in the hematologic malignancies testing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in hematologic malignancies testing report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the hematologic malignancies testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The hematologic malignancies testing market consists of revenues earned by entities by providing biopsy testing, cytogenetic testing, and molecular testing (PCR, NGS). The market value includes the value of related goods sold by the service provider or included within the service offering. The hematologic malignancies testing market also includes sales of hematology analyzers, and bone marrow biopsy kits. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Hematologic Malignancies Testing Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hematologic malignancies testing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for hematologic malignancies testing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hematologic malignancies testing market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.