According to IMARC Group’s latest report, titled “Oncology Molecular Diagnostics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global oncology molecular diagnostics market to exhibit strong growth during the next five years.
Oncology molecular diagnostics are used to detect the presence of cancerous cells by analyzing the biological molecules. Various tests are performed on blood, saliva, and tumor tissue samples to identify and measure specific genetic sequences in DNA, RNA, and cell proteins. Oncology molecular diagnostics assist in early cancer detection and provide required information pertaining to personalized cancer treatment. They are often used in clinical and point-of-care (POC) testing, along with identifying pathogens and infectious diseases present in the donated blood samples in blood banks.
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The increasing occurrence of oncological disorders due to unhealthy consumer lifestyles, rising geriatric population, and the growing tobacco consumption, is primarily driving the demand for oncology molecular diagnostics. In line with this, the growing need for early and accurate diagnosis, coupled with several advancements in next-generation sequencing (NGS) techniques, further contributes to the market growth. Moreover, the rising prevalence of viral and bacterial infections, along with the expanding number of blood donation campaigns, is further bolstering the demand for oncology molecular diagnostics.
The report has segmented the market on the basis of cancer type, product, technology, end-user and region.
Breakup by Cancer Type:
Breakup by Product:
Breakup by Technology:
Polymerase Chain Reaction (PCR)
In Situ Hybridization
Chips and Microarrays
Isothermal Nucleic Acid Amplification Technology (INAAT)
DNA and NGS Sequencing
Transcription Mediated Amplification (TMA)
Breakup by End-User:
Hospitals and Clinics
For more information about this report:
Breakup by Region:
Middle East and Africa
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The report has also analysed the competitive landscape of the market with some of the key players being Agilent Technologies Inc., Abbott Laboratories, Bayer AG, BD (Becton, Dickinson and Company), Cepheid Inc. (Danaher Corporation), F. Hoffmann-La Roche AG, Hologic Inc., Qiagen N.V., Siemens Healthcare and Sysmex Corporation.
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