{"product_id":"global-hemato-oncology-testing-market-2023-2030","title":"Global Hemato Oncology Testing Market - 2023-2030","description":"\u003cp\u003eGlobal Hemato Oncology Testing Market - 2023-2030\u003c\/p\u003e\n\n\u003cp\u003eMarket Overview\u003cbr\u003e\nThe global hemato oncology Testing market reached US$ 280 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 620 million by 2030. The market is growing at a CAGR of 4.8% during the forecast period (2023-2030).\u003c\/p\u003e\n\n\u003cp\u003eHematologic oncology integrates two fields of medicine: hematology, the study of the blood, and oncology, the study of cancer. Hematologic oncologists are trained in diagnosing, treating, and preventing blood cancers and blood-related disorders. The field of haemato-oncology deals with the treatment of blood and related cancers.\u003c\/p\u003e\n\n\u003cp\u003eMarket Dynamics\u003cbr\u003e\nTechnological advancements in drug diagnosis and services\u003cbr\u003e\nThe growing advancements and new technologically advanced product introductions into the market are boosting the global hemato oncology testing market growth. For instance, in August 2022, Thermo Fisher Scientific introduced CE-IVD (IVDD) next-generation sequencing test and analysis software to extend access to precision oncology biomarker testing. Likewise, in June 2022, Burning Rock Biotech Limited was granted a CE marking for its OverC multi-cancer estimation blood test. OverC Multi-Cancer Detection Blood Test is a qualitative next-generation sequencing (NGS)-based in vitro diagnostic device. Similarly, in November 2021, SAN DIEGO and Genetic Alliance created the iHope Genetic Health program targeted at delivering whole-genome sequencing access (WGS) to tens of thousands of individuals all over the globe affected by genetic disease.\u003c\/p\u003e\n\n\u003cp\u003eGrowing awareness regarding personalized medicines is presenting the market with lucrative growth opportunities.\u003cbr\u003e\nPersonalized medicine is a blossoming practice of medicine that employs an individual's genetic profile to direct decisions formed for the prevention, diagnosis, and treatment of the disorder. Knowledge of a patient's genetic profile can aid physicians to choose the most accurate medication or therapy and administer it utilizing the appropriate dose or regimen. The growing awareness and efforts to implement personalized medicine are providing the market with very lucrative growth opportunities For instance, in January 2021, the FDA declared its involvement in providing physicians with knowledge on the designing of novel therapies as the role of personalized medicine keeps on expanding. Furthermore, the European Cancer Patient Coalition (ECPC) lead the first Personalized Medicine Awareness Month throughout November, the ECPC promoted the significance of access to cancer molecular testing during a month-long advocacy campaign called, Personalized Medicine Awareness Month: Cracking the Cancer Code.\u003c\/p\u003e\n\n\u003cp\u003eSegment Analysis\u003cbr\u003e\nThe global hemato oncology testing market is segmented based on Product \u0026amp; Services, Cancer Type, Technology, and region.\u003c\/p\u003e\n\n\u003cp\u003eOwing to growing new technological advancements, product launches, and recent development\u003cbr\u003e\nThe increasing market developments such as collaborations, and product launches among others are boosting the services segment growth during the forecast period. For instance, in August 2020 Thermo Fisher Scientific introduced hematology-oncology assays for the Ion Torrent Genexus System. Also, in May 2022, the Qatar Foundation (QF) division of the Qatar Genome Program (QGP), and Thermo Fisher Scientific partnered for the advancement of genomic research and clinical applications of predictive genomics in Qatar as a step in the direction of expanding the benefits of precision medicine all over the Arab populations worldwide. Similarly, in August 2022, Mount Sinai Health System and the Icahn School of Medicine introduced a new human genome sequencing research project known as the Mount Sinai Million Health Discoveries Program with the Regeneron Genetics Center (RGC). Thus, the mentioned data indicates that the services segment will dominate the global hemato-oncology testing market throughout the forecast period.\u003c\/p\u003e\n\n\u003cp\u003eGeographical Penetration\u003cbr\u003e\nThe strong presence of major players and increased awareness about the use of eco-friendly products\u003cbr\u003e\nNorth America dominates the global hemato oncology testing market during the forecast period, owing to the growing cases of leukemia, better reimbursement policies, and the presence of key market players holding the majority of the market in this region. For instance, according to the Canada Cancer Society report that there were over 6,700 Canadians diagnosed with leukemia, of which around 4,000 were men and about 2,700 were women in 2021. Also, the American Cancer Society documented that approximately 60,650 new cases of leukemia and 20,050 new cases of acute myeloid leukemia (AML) were diagnosed in the United States in 2022. Also, acute myeloid leukemia (AML) made up only about 1% of all cancers. Furthermore, Abbott Laboratories, Thermofisher Scientific, and Illumina are among the key market players holding the majority of market share based in the North American region ensuring the dominance of the region over the global market.\u003c\/p\u003e\n\n\u003cp\u003eCompetitive Landscape\u003cbr\u003e\nThe major global players include F. Hoffman-La Roche Ltd., Abbott Laboratories, Qiagen N.V., Thermo Fisher Scientific, Inc., Illumina, Inc., Bio-Rad Laboratories, Inc., ICON PLC, Archerdx, Inc., Invivoscribe, Inc., and Adaptive Biotechnologies.\u003c\/p\u003e\n\n\u003cp\u003eCOVID-19 Impact Analysis\u003cbr\u003e\nBy Type of Product \u0026amp; Service\u003cbr\u003e\n• Instruments\u003cbr\u003e\n• Reagents \u0026amp; Consumables\u003cbr\u003e\n• Services\u003cbr\u003e\nBy Technology\u003cbr\u003e\n• PCR (Polymerase Chain Reaction)\u003cbr\u003e\n• IHC (immunohistochemical)\u003cbr\u003e\n• NGS (Next-Generation Sequencing)\u003cbr\u003e\n• Cytogenetics\u003cbr\u003e\n• Others\u003cbr\u003e\nBy Cancer Type\u003cbr\u003e\n• Leukemia\u003cbr\u003e\nAcute Myeloid Leukemia\u003cbr\u003e\nAcute Lymphocytic Leukemia\u003cbr\u003e\nOthers\u003cbr\u003e\n• Lymphoma\u003cbr\u003e\n• Multiple myelomas\u003cbr\u003e\n• Others\u003cbr\u003e\nBy End-user\u003cbr\u003e\n• Clinical Laboratories\u003cbr\u003e\n• Hospitals\u003cbr\u003e\n• Academic \u0026amp; Research Institutes\u003cbr\u003e\n• Others\u003cbr\u003e\nBy Region\u003cbr\u003e\n• North America\u003cbr\u003e\nU.S.\u003cbr\u003e\nCanada\u003cbr\u003e\nMexico\u003cbr\u003e\n• Europe\u003cbr\u003e\nGermany\u003cbr\u003e\nUK\u003cbr\u003e\nFrance\u003cbr\u003e\nItaly\u003cbr\u003e\nRussia\u003cbr\u003e\nRest of Europe\u003cbr\u003e\n• South America\u003cbr\u003e\nBrazil\u003cbr\u003e\nArgentina\u003cbr\u003e\nRest of South America\u003cbr\u003e\n• Asia-Pacific\u003cbr\u003e\nChina\u003cbr\u003e\nIndia\u003cbr\u003e\nJapan\u003cbr\u003e\nAustralia\u003cbr\u003e\nRest of Asia-Pacific\u003cbr\u003e\n• Middle East and Africa\u003c\/p\u003e\n\n\u003cp\u003eKey Developments\u003cbr\u003e\n• In 2022, the US FDA granted approval to F. Hoffmann-La Roche Ltd. (Switzerland) for its cobras EZH2 mutation test as a companion diagnostic for patients with follicular lymphoma.\u003cbr\u003e\n• In 2020, F. Hoffmann-La Roche Ltd. (Switzerland) and Illumina Inc. (US) formed a 15-year non-exclusive collaboration with Illumina to extend the adoption of NGS-based testing in oncology.\u003cbr\u003e\n• In 2021, QIAGEN N.V. (Germany) and Denovo Biopharma LLC (US) formed a partnership to design a blood-based companion diagnostic (CDx) test for the treatment of diffuse large B-cell lymphoma (DLBCL), one of the most typical lymphoid cancers.\u003c\/p\u003e\n\n\u003cp\u003eWhy Purchase the Report?\u003cbr\u003e\n• To visualize the global Hemato Oncology Testing- market segmentation based on product, application and region, as well as understand key commercial assets and players.\u003cbr\u003e\n• Identify commercial opportunities by analyzing trends and co-development.\u003cbr\u003e\n• Excel data sheet with numerous data points of Hemato Oncology Testing market-level with all segments.\u003cbr\u003e\n• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.\u003cbr\u003e\n• Product mapping available as excel consisting of key products of all the major players.\u003cbr\u003e\nThe global Hemato Oncology Testing market report would provide approximately 69 tables, 71 figures and 195 Pages.\u003cbr\u003e\nTarget Audience 2023\u003cbr\u003e\n• Manufacturers\/ Buyers\u003cbr\u003e\n• Industry Investors\/Investment Bankers\u003cbr\u003e\n• Research Professionals\u003cbr\u003e\n• Emerging Companies\u003c\/p\u003e","brand":"Life Science","offers":[{"title":"March, 2023 \/ 195 Pages \/ MCW16236167","offer_id":47651443147058,"sku":null,"price":5220.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/global-hemato-oncology-testing-market-2023-2030","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}