The global Immuno-Oncology Assays Market Growth Accelerated by Emerging Markets

Immuno-Oncology Assays Market 


Immuno-oncology assays play a crucial role in detection and treatment of various types of cancers. These assays help detect certain markers present in cancer cells thus enabling targeted drug development and precision medicine approach. The growing prevalence of cancer across the world especially in emerging markets of Asia Pacific and Latin America has accelerated the demand for immuno-oncology assays.

The global Immuno-Oncology Assays Market is estimated to be valued at US$ 4556.83 Mn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market key trends:

 

The emergence of new players especially in Asia Pacific region focusing on development of cost effective immuno-oncology assays is one of the key trend that is expected to drive the market growth over the forecast period. Companies like Genetron from China and Headcheck Life Sciences from India are leveraging indigenous research and development as well as affordable manufacturing to commercialize immuno-oncology assays for cancer patients in emerging markets. This is positively impacting the market penetration in Asia Pacific region which is anticipated to exhibit highest CAGR during the forecast period. Focus on precision medicine and companion diagnostics is also boosting the demand of immuno-oncology assays globally.

 

Segment Analysis

 

The global Immuno-Oncology Assays market is dominated by the clinical segment owing to the rise in the number of cancer diagnostic procedures. The clinical segment accounted for over 60% share of the global market in 2023 due to the high demand for immunohistochemistry (IHC) assays for cancer diagnosis and screening. Immunohistochemistry assays are the most commonly used assays for cancer analysis as they help in identifying abnormal cells and tracing cancer progression.

 

Key Takeaways

 

The Global Immuno-Oncology Assays Market Size is estimated to be valued at US$ 4556.83 Mn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030.

Regional analysis

The North America region held the largest share of over 35% of the global Immuno-Oncology Assays market in 2023 owing to advanced healthcare infrastructure and favorable government policies for cancer diagnostics in the region. Asia Pacific is expected to witness the fastest growth during the forecast period supported by increasing healthcare expenditure, growing awareness about early cancer diagnosis, and expanding diagnostics industry in emerging countries like India and China.

Key players

Key players operating in the Immuno-Oncology Assays market are AptarGroup, Weener Plastics Group, Bormioli Rocco Pharma, Pacific Packaging Components, PCC Exol, SHL Group, O.Berk Company, Winfield Laboratories, O.Berk, Comar, RPC Group, Alpha Packaging, Pretium Packaging, Silgan Holdings, Origin Pharma Packaging, Vidchem pty ltd, Mold-Rite Plastics, Berry Global, Amcor, Gerresheimer. These players are focusing on new product launches and expansions to increase their market share. For instance, in 2022, Bormioli Rocco Pharma expanded its production capacity in Italy and China to cater to increasing demand for glass vials and bottles from pharmaceutical companies.

 

Explore more information on this topic, Please visit-

https://www.marketwebjournal.com/immuno-oncology-assays-market-growth-and-trnds-analysis-share-size-demand-forecast/ 

 

Comments

Post a Comment

Popular posts from this blog

Riding the Wave: Navigating Dynamics in the Windsurf Foil Board Market

Image
   Windsurf Foil Board Market In the exhilarating world of water sports, the Windsurf Foil Board Market emerges as a key player, offering enthusiasts innovative equipment to enhance their riding experience. As this niche market continues to gain traction among windsurfing aficionados worldwide, it undergoes significant shifts influenced by various drivers, challenges, and geographical nuances. The Windsurf Foil Board Market size was valued at  US$ 167.4 Mn in 2024  and is expected to reach  US$ 268.6 Mn by 2031 , growing at a compound annual growth rate  (CAGR) of 7% from 2024 to 2031 Key Takeaways A prominent trend in the Windsurf Foil Board Market Demand is the increasing adoption of foil technology. Foil boards, equipped with hydrofoils beneath the waterline, enable riders to glide effortlessly above the water's surface, providing a thrilling and dynamic experience. This technological innovation has revolutionized the windsurfing landscape, attracting both seasoned profes
Read more

Navigating Opportunities In The Niemann-Pick Disease Drug Type C Treatment Market

Image
  Niemann-Pick Disease Drug Type C Treatment Market Key Takeaways The Niemann-Pick Disease Drug Type C Treatment Market is witnessing significant growth, driven by advancements in medical research and a deeper understanding of the disease pathology. Niemann-Pick Disease Type C (NPC) is a rare genetic disorder characterized by the accumulation of cholesterol and other lipids within cells, leading to progressive neurological and visceral symptoms. With an increasing focus on rare diseases and orphan drug development, the market for NPC treatment is expanding rapidly, offering hope to patients and caregivers. Key players in the pharmaceutical industry are actively investing in research and development to bring novel therapies to market, underscoring the potential for transformative interventions in NPC management. Global Niemann-Pick Disease Drug Type C Treatment Market is estimated to be valued at  US$ 45.40  million  in 2024, and is expected to exhibit a  CAGR 22.0 %  over the forec
Read more

Automation of Agricultural Operations to Drive the Agricultural Drones Market Growth

Image
  Agricultural Drones Market The agricultural drones market enables precision farming and monitoring crop health, soil conditions as well as pests and diseases. Agricultural drones carry cameras, sensors or GPS trackers and help in crop monitoring, crop spraying, field mapping as well as aerial imaging. Agricultural drones generate high-resolution images and thermal maps, improving crop scouting and yield predictions. They help farmers optimize inputs, maximize productivity and minimize environmental impact. The global agricultural drones market is estimated to be valued at US$ 19.24 Bn in 2024 and is expected to exhibit a CAGR of 21% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the Agricultural Drones Market Size include Aeronavics, AeroVironment Inc., AgEagle Aerial Systems Inc., DELAIR SAS, DRONE VOLT, FlyGuys, Harris Aerial, ideaForge Technologies Pvt. Ltd., Kray Technologies, Nextech, Parrot Drones SAS, PrecisionHawk Inc., Sentera Inc., Shenz
Read more