According to a new market research report published by sheer analytics and insights, “The Global Hemato Oncology Testing Market was valued at $2.2 Billion in 2020. Growing at a high CAGR of more than 13.3% between 2021 and 2031, it is estimated to reach $8.9 Billion by 2031”, as per the latest market research report titled, Global Hemato Oncology Testing Market - Industry analysis, size, share, growth, trends, and forecast, 2021-2031.
Hemato oncology testing is the science associated with the diagnosis, treatment, and prevention of blood-related diseases and cancers. The increasing prevalence of myeloma and lymphoma is anticipated to propel the market's growth during the forecast period. However, according to the American Cancer Society, Non-Hodgkin Lymphoma (NHL) is the most common form of any cancer in the U.S., accounting for nearly 4.0% of all cancer countries. Increasing numbers of hematologic cancer cases and rising awareness about the advanced treatment therapies for cancer and other diseases among the population will drive the market growth. Apart from that, the growing cases of lymphoma and myeloma cancers will also affect the market rapidly. In addition to this, increasing conferences on personalized medicines, the rising collaboration between manufacturer, and growing demand for advanced treatment options are the factors which drive the market during the forecast period.
However, in this current pandemic of COVID-19, the Hemato Oncology Testing market was affected much. It changes the growth rate graph slightly in the Hemato Oncology Testing market. People are spending more money on healthcare, which propels the market growth in this current situation. Apart from that, the rising of the oncology testing sector across the world is anticipated to offer a massive opportunity for market growth in the next forecast period of 2021 to 2031.
Geographically, The Hemato Oncology Testing Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The report covers a detailed outlook about the company, and it includes the company or industry profiles and market share of key players operating in the global market. Key players in the report include F. Hoffman-La Roche Ltd, Abbott Laboratories, EntroGen, Inc., Qiagen N.V., Cepheid, Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Inc., Illumina, Inc., Amoy Diagnostics Co. Ltd., Asuragen, Inc. ArcherDX, Inc, Invivoscribe, Inc., Adaptive Biotechnologies, ARUP Laboratories, and ICON Specialty Laboratories among others.
The Global Hemato Oncology Testing Market Has Been Segmented into:
Global Hemato Oncology Testing Market: By Cancer Type
Global Hemato Oncology Testing Market: By Product
Global Hemato Oncology Testing Market: By Technology
Global Hemato Oncology Testing Market: By End-Use
Global Hemato Oncology Testing Market: By Region