Report Description

Global Molecular Oncology Diagnostics Market is anticipated to witness a steady CAGR in the forecast period, 2024-2028. This can be ascribed to the rising prevalence of various chronic diseases such as cancer, cardiovascular diseases, diabetes, among others. According to Global Cancer Observatory, in 2020, around 19,292,789 new cancer cases were reported worldwide among which the males and females accounted for 10,065,305 and 9 227,484 cases respectively. Cancer is caused due to uncontrolled proliferation of cancer cells that starts from the inner linings to the outer region. The molecular oncology diagnostics refers to the tests for diagnosing cancer. These tests are used to identify the genetic material, proteins, or associated chemicals and provide information on health or disease. However, there is a need for developing new diagnostic methods and instruments which is further expected to drive the growth of Molecular Oncology Diagnostics Market. 

The growing prevalence of cancer cases, the advanced technological advancement with highest accuracy and precision, and the growing awareness amongst population globally are projected to propel the growth of market. Additionally, the high cost of molecular diagnostic techniques is expected to hamper the growth of Global Molecular Oncology Diagnostics Market in the forecast years.


Rising Prevalence of Cancer

Cancer is one of the most common causes of death in the world. The global increase in cancer cases is probably a factor in the oncology molecular diagnostics market's growth. In the United States of America in 2021, there were 1.8 million new instances of cancer and 0.6 million cancer deaths, according to the American Cancer Society. Due to the proliferation of cancerous cells, the medical professionals are increasing their research and development efforts to develop treatments and diagnostics services to aid prevention and treatment of the cancer. Lung, prostate, bowel, and female breast cancer make up the top four cancer types worldwide, accounting for 43% of all new cancer cases, according to the American Cancer Society. For instance, the American Cancer Society estimates that there will be 106,180 new instances of colon cancer and 44,850 new cases of rectal cancer in the United States by the year 2022. Additionally, several professional associations, including the National Comprehensive Cancer Network (NCCN), the American Association of Clinical Oncology (ASCO), and the College of American Pathologists (CAP), have developed biomarker testing and treatment guidelines, according to the American Cancer Society's 2020 report. Therefore, their treatment or diagnostic imaging are responsible for propelling the growth of Global Molecular Oncology Diagnostic Market.

 

Advancement in Technology

The advanced technology constitutes the sequencing techniques of genomics. For instance, the advancement in cancer genome sequencing technology, computational analysis, tumor models, and innovation and research going on in modern cancer research institutes promote early detection of cancer and its mutation. For instance, in June 2020, the United States Food and Drug Administration (FDA) had given approval to Cobas EGFR Mutation Test, a mutation test for testing patients with non-small cell lung cancer is a real-time test that can identify cancer resistance mutations and 42 mutations in the EGFR gene, which codes for the epidermal growth factor receptor. This molecular test was developed by US-based company namely Roche Molecular Systems, Inc.

 

Recent Developments & Product Launches

Rapid advancements in research and development (R&D) practices and activities are propelling the growth of the market on account of growing need for developing novel diagnostic solutions for the treatment of different life-threatening diseases like cancer. For instance, in August 2022, Guardant Health expanded its Guardant Reveal test usage and developed a liquid biopsy test for residual disease detection and recurrence monitoring, including early-stage breast and lung cancers. It is currently accessible to patients with breast and lung cancer and is the only tissue-free test for colorectal cancer (CRC).

Additionally, in December 2021, QIAGEN in partnership with Denovo Biopharma developed a companion diagnostic test for the treatment of diffuse large B-cell lymphoma. This test identified people who have the Denovo genomic marker 1 (DGM1), which responded to the Denovo cancer drug DB102.




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Market Segmentation

Global Molecular Oncology Diagnostics Market can be segmented by product type, technology, application, cancer type, end user, region and company. Based on product type, the market can be segmented into instruments, kits and assays, software. Based on technology, the market is fragmented into fluorescence in-situ hybridization (FISH), next-generation sequencing (NGS), polymerase chain reaction (PCR), immunohistochemistry (IHC), flow cytometry, and other technologies. Based on application, the market is fragmented into Research, and Clinical. Based on cancer type, the market is fragmented into solid tumors and blood cancers. Based on end user, the market is segmented into hospitals and diagnostic centers, reference laboratories, pharmaceutical and biotechnology companies, academic and research institutes.

 

Advancement in Technology and Product Launch

The market players in Global Molecular Oncology Diagnostics Market are adopting various natural and modified strategies for market growth and development. For instance, a 5-year extension of their US supply agreement for the Insured ONE (FIT) fecal immunochemistry test was announced in January 2022 by Clinical Genomics, an innovator in the development of colorectal cancer testing, and Quest Diagnostics (NYSE: DGX), the world's largest provider of diagnostic information services. By delivering InSure FIT and the new InSure ONE FIT for colorectal cancer diagnostic programmes, this arrangement improves on an ongoing partnership. Amgen and Plexium established a multi-year partnership to find new targeted protein degradation treatments in February 2022. The multi-year partnership aids in the development of innovative molecular glue therapies by utilising knowledge gained from Amgen's experience creating multi-specific compounds. Furthermore, several strategies like collaboration, partnerships, mergers, acquisitions, product launches, and technology development propell the growth of Global Molecular Oncology Diagnostic Market.

 

Company Profiles

Sysmex Corporation, F. Hoffmann-La Roche Ltd., Myriad Genetics, Inc., HTG Molecular Diagnostics, Inc., Danaher Corporation, QIAGEN N.V., Bio-Rad Laboratories, Inc., Agilent Technologies, Inc., QIAGEN N.V., Illumina, Inc. etc. are some of the key players operating in the global molecular oncology diagnostics market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Product Type

·         Technology

·         Application

·         Cancer Type

·         End User

·         Region

·         Company

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; Germany; France; United Kingdom; Spain; Italy; China; India; Japan; South Korea; Australia; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia; South Africa; Turkey; Egypt

Key companies profiled

Sysmex Corporation, F. Hoffmann-La Roche Ltd., Myriad Genetics, Inc., HTG Molecular Diagnostics, Inc., Danaher Corporation, QIAGEN N.V., Bio-Rad Laboratories, Inc., Agilent Technologies, Inc., QIAGEN N.V., Illumina, Inc.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Global Molecular Oncology Diagnostics Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Molecular Oncology Diagnostics Market, By Product Type:
    • Instruments
    • Kits and Assays
    • Software

             ·    Molecular Oncology Diagnostics Market, By Technology:

    • Fluorescence In-Situ Hybridization (FISH)
    • Next-Generation Sequencing (NGS)
    • Polymerase Chain Reaction (PCR)
    • Immunohistochemistry (IHC)
    • Flow Cytometry
    • Other Technologies
  • Molecular Oncology Diagnostics Market, By Application:
    • Research
    • Clinical
  • Molecular Oncology Diagnostics Market, By Cancer Type:
    • Solid Tumor
  • Breast Cancer
  • Ovarian Cancer
  • Prostate Cancer
  • Lung Cancer
  • Colorectal Cancer
  • Other
  • Blood Cancers
    • Lymphoma
    • Leukemia
    • Multiple Myeloma
    • Others
  • Molecular Oncology Diagnostics Market, By End User:

·         Hospitals and Diagnostic Centers

·         Reference Laboratories

·         Pharmaceutical and Biotechnology Companies

·         Academic and Research Institutes

             ·    Molecular Oncology Diagnostics Market, By Region:

  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
  • South America
    • Brazil
    • Argentina
    • Colombia
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Molecular Oncology Diagnostics Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Molecular Oncology Diagnostics Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Molecular Oncology Diagnostics Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.   By Product Type (Instruments, Kits and Assays, Software)

5.2.2.   By Technology (Fluorescence In-Situ Hybridization (FISH), Next-Generation Sequencing (NGS), Polymerase Chain Reaction (PCR), Immunohistochemistry (IHC), Flow Cytometry, and Other Technologies)

5.2.3.   By Application (Research, Clinical)

5.2.4.   By Cancer Type {Solid Tumor (Breast Cancer, Ovarian Cancer, Prostate Cancer, Lung Cancer, Colorectal Cancer, and Other Solid Tumors), Blood cancers (Lymphoma, Leukemia, Multiple Myeloma, and other Hematological Malignancies)}

5.2.5.   By End User (Hospitals and Diagnostic Centers, Reference Laboratories, Pharmaceutical and Biotechnology Companies, Academic and Research Institutes)

5.2.6.   By Region (North America, Europe, Asia Pacific, South America, Middle East, and Africa)

5.2.7.     By Company (2022)

5.3.  Market Map

5.3.1.     By Product Type

5.3.2.     By Technology

5.3.3.     By Application

5.3.4.     By Cancer Type

5.3.5.     By End User

5.3.6.     By Region

6.    North America Molecular Oncology Diagnostics Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Product Type

6.2.2.     By Technology

6.2.3.     By Application

6.2.4.     By Cancer Type

6.2.5.     By End User

6.2.6.     By Country

6.3.  North America: Country Analysis

6.3.1.     United States Molecular Oncology Diagnostics Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.               By Product Type

6.3.1.2.2.               By Technology

6.3.1.2.3.               By Application

6.3.1.2.4.               By Cancer Type

6.3.1.2.5.               By End User

6.3.2.     Canada Molecular Oncology Diagnostics Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value

6.3.2.2.         Market Share & Forecast

1.1.1.1.1.               By Product Type

1.1.1.1.2.               By Technology

1.1.1.1.3.               By Application

1.1.1.1.4.               By Cancer Type

1.1.1.1.5.               By End User

6.3.3.      Mexico Molecular Oncology Diagnostics Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Product Type

6.3.3.2.2.             By Technology

6.3.3.2.3.             By Application

6.3.3.2.4.             By Cancer Type

6.3.3.2.5.             By End User

7.    Europe Molecular Oncology Diagnostics Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.1.1.             By Product Type

7.2.1.1.2.             By Technology

7.2.1.1.3.             By Application

7.2.1.1.4.             By Cancer Type

7.2.1.1.5.             By End User

7.2.1.1.6.             By Country

7.3.  Europe: Country Analysis

7.3.1.     Germany Molecular Oncology Diagnostics Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Product Type

7.3.1.2.2.             By Technology

7.3.1.2.3.             By Application

7.3.1.2.4.             By Cancer Type

7.3.1.2.5.             By End User

7.3.1.2.6.             By Country

7.3.2.     France Molecular Oncology Diagnostics Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.               By Product Type

7.3.2.2.2.               By Technology

7.3.2.2.3.               By Application

7.3.2.2.4.               By Cancer Type

7.3.2.2.5.               By End User

7.3.3.     United Kingdom Molecular Oncology Diagnostics Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Product Type

7.3.3.2.2.             By Technology

7.3.3.2.3.             By Application

7.3.3.2.4.             By Cancer Type

7.3.3.2.5.             By End User

7.3.4.     Italy Molecular Oncology Diagnostics Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Product Type

7.3.4.2.2.             By Technology

7.3.4.2.3.             By Application

7.3.4.2.4.             By Cancer Type

7.3.4.2.5.             By End User

7.3.5.     Spain Molecular Oncology Diagnostics Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.               By Product Type

7.3.5.2.2.               By Technology

7.3.5.2.3.               By Application

7.3.5.2.4.               By Cancer Type

7.3.5.2.5.               By End User

8.    Asia-Pacific Molecular Oncology Diagnostics Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.1.1.             By Product Type

8.2.1.1.2.             By Technology

8.2.1.1.3.             By Application

8.2.1.1.4.             By Cancer Type

8.2.1.1.5.             By End User

8.2.1.1.6.             By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.     China Molecular Oncology Diagnostics Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Product Type

8.3.1.2.2.             By Technology

8.3.1.2.3.             By Application

8.3.1.2.4.             By Cancer Type

8.3.1.2.5.             By End User

8.3.2.     Japan Molecular Oncology Diagnostics Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Product Type

8.3.2.2.2.             By Technology

8.3.2.2.3.             By Application

8.3.2.2.4.             By Cancer Type

8.3.2.2.5.             By End User

8.3.3.     India Molecular Oncology Diagnostics Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Product Type

8.3.3.2.2.             By Technology

8.3.3.2.3.             By Application

8.3.3.2.4.             By Cancer Type

8.3.3.2.5.             By End User

8.3.4.     South Korea Molecular Oncology Diagnostics Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.               By Product Type

8.3.4.2.2.               By Technology

8.3.4.2.3.               By Application

8.3.4.2.4.               By Cancer Type

8.3.4.2.5.               By End User

8.3.5.     Australia Molecular Oncology Diagnostics Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Product Type

8.3.5.2.2.             By Technology

8.3.5.2.3.             By Application

8.3.5.2.4.             By Cancer Type

8.3.5.2.5.             By End User

9.    South America Molecular Oncology Diagnostics Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.1.1.             By Product Type

9.2.1.1.2.             By Technology

9.2.1.1.3.             By Application

9.2.1.1.4.             By Cancer Type

9.2.1.1.5.             By End User

9.2.1.1.6.             By Country

9.3.  South America: Country Analysis

9.3.1.     Brazil Molecular Oncology Diagnostics Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Product Type

9.3.1.2.2.             By Technology

9.3.1.2.3.             By Application

9.3.1.2.4.             By Cancer Type

9.3.1.2.5.             By End User

9.3.2.     Argentina Molecular Oncology Diagnostics Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.               By Product Type

9.3.2.2.2.               By Technology

9.3.2.2.3.               By Application

9.3.2.2.4.               By Cancer Type

9.3.2.2.5.               By End User

9.3.3.     Colombia Molecular Oncology Diagnostics Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Product Type

9.3.3.2.2.             By Technology

9.3.3.2.3.             By Application

9.3.3.2.4.             By Cancer Type

9.3.3.2.5.             By End User

10.  Middle East and Africa Molecular Oncology Diagnostics Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.1.1.           By Product Type

10.2.1.1.2.           By Technology

10.2.1.1.3.           By Application

10.2.1.1.4.           By Cancer Type

10.2.1.1.5.           By End User

10.2.1.1.6.           By Country

10.3.              MEA: Country Analysis

10.3.1.  UAE Molecular Oncology Diagnostics Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Product Type

10.3.1.2.2.           By Technology

10.3.1.2.3.           By Application

10.3.1.2.4.           By Cancer Type

10.3.1.2.5.           By End User

10.3.2.  Saudi Arabia Molecular Oncology Diagnostics Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.             By Product Type

10.3.2.2.2.             By Technology

10.3.2.2.3.             By Application

10.3.2.2.4.             By Cancer Type

10.3.2.2.5.             By End User

10.3.3.  South Africa Molecular Oncology Diagnostics Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Product Type

10.3.3.2.2.           By Technology

10.3.3.2.3.           By Application

10.3.3.2.4.           By Cancer Type

10.3.3.2.5.           By End User

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.   Market Trends & Developments

13.  Competitive Landscape

13.1.              Business Overview

13.2.              Product Offerings

13.3.              Recent Developments

13.4.              Financials (As Reported)

13.5.              Key Personnel

13.5.1.                Sysmex Corporation

13.5.2.                F. Hoffmann-La Roche Ltd.

13.5.3.                Myriad Genetics, Inc.

13.5.4.                HTG Molecular Diagnostics, Inc.

13.5.5.                Danaher Corporation.

13.5.6.                QIAGEN N.V.

13.5.7.                Bio-Rad Laboratories, Inc.

13.5.8.                Agilent Technologies, Inc.

13.5.9.                QIAGEN N.V.

13.5.10.             Illumina, Inc.

14.  Strategic Recommendations

Figures and Tables

Frequently asked questions

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Global Molecular Oncology Diagnostics Market is expected to grow at impressive rate on account of increasing prevalence and growing research & development for the development of modified imaging solutions.

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United States will be the fastest growing country in North America region in the market, owing to sedentary lifestyle and poor eating & dietary habits of the population of the nation.

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Sysmex Corporation, F. Hoffmann-La Roche Ltd., Myriad Genetics, Inc., HTG Molecular Diagnostics, Inc., Danaher Corporation, QIAGEN N.V., Bio-Rad Laboratories, Inc., Agilent Technologies, Inc., QIAGEN N.V., Illumina, Inc. are some of the leading players operating in the global Molecular Oncology Diagnostic Market.

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Lack of qualified professionals, high cost of equipment hindering the adoption rate etc. are expected to hamper the growth of Global Molecular Oncology Diagnostics Market.

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Sakshi Bajaal

Business Consultant
Press Release

Molecular Oncology Diagnostics Market to be dominated by Hospitals and Diagnostic Centers through 2028

Apr, 2023

Increased prevalence of cancer and protein transformation in biomarker identification are expected to drive the growth of Global Molecular Oncology Diagnostics Market during the forecast period, 2024