PUBLISHER: Value Market Research | PRODUCT CODE: 1274341
PUBLISHER: Value Market Research | PRODUCT CODE: 1274341
The global demand for Minimal Residual Disease Testing Market is presumed to reach the market size of nearly USD 40.24 BN by 2030 from USD 6.11 BN in 2022 with a CAGR of 26.57% under the study period 2023 - 2030.
Minimal residual disease testing is a method used to detect small amounts of cancer cells remaining in the body after treatment. MRD testing is used to monitor the effectiveness of cancer treatment and to help predict the likelihood of relapse. The goal of MRD testing is to detect cancer cells at the earliest possible stage when they are still at a low level and have not yet formed a visible tumour.
The increasing incidence of cancer is driving demand for MRD testing. As cancer cases continue to rise, more patients are being diagnosed and treated for cancer, which is increasing the demand for MRD testing. The growing awareness about MRD testing among patients and healthcare professionals is also driving growth in the market. Furthermore, government support for cancer research and the developing of new cancer therapies is driving growth in the MRD testing market. Along with this, developing new and more sensitive technologies for MRD testing is driving growth in the market. However, the cost and availability of the test may limit the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of minimal residual disease testing. The growth and trends of minimal residual disease testing industry provide a holistic approach to this study.
This section of the minimal residual disease testing market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Minimal Residual Disease Testing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the minimal residual disease testing market include Exact Sciences Corporation, Grail LLC, Veracyte Inc., Natera Inc., Guardant Health, F. Hoffmann-La Roche Ltd, Foundation Medicine Inc., Qiagen, mdxhealth, Bio-Techne. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.
Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.