New York, USA, March 09, 2023 (GLOBE NEWSWIRE) -- The Global Blood Cancer Diagnostics Market is Expected to Showcase a Significant Growth at a CAGR of ~6% by 2027 | DelveInsight
The blood cancer diagnostics market is expected to grow positively as a result of factors such as the increasing prevalence of blood cancer globally, increasing geriatric population, rising number of risk factors associated with blood cancer, and growing focus on improving the safety and usability of blood cancer diagnostics for end users. These factors are also expected to result in appreciable revenue growth in the blood cancer diagnostics market during the forecast period (2022–2027).
DelveInsight’s Blood Cancer Diagnostics Market Insights report provides the current and forecast market analysis, individual leading Blood Cancer Diagnostics companies’ market shares, challenges, Blood Cancer Diagnostics market drivers, barriers, and trends, and key Blood Cancer Diagnostics companies in the market.
Key Takeaways from the Blood Cancer Diagnostics Market Report
- As per DelveInsight estimates, North America is anticipated to dominate the global Blood Cancer Diagnostics market during the forecast period.
- Notable Blood Cancer Diagnostics companies such as BD, Abbott, Agilent Technologies, Inc., Adaptive Biotechnologies, F. Hoffmann-La Roche Ltd., Invivoscribe, Inc., NeoGenomics Laboratories, Inivata Ltd., Lucence Health Inc., BioFluidica, SkylineDx, MedGenome, Xian Tianlong Science and Technology Co., Ltd., Cepheid, Abingdon Health, and several others are currently operating in the Blood Cancer Diagnostics market.
- In December 2022, Point32Health, the parent company of Harvard Pilgrim Health Care, and GRAIL, LLC, a healthcare company with a mission to detect cancer early when it can be cured, announced the expansion of their pilot to offer GRAIL’s groundbreaking Galleri® multi-cancer early detection blood test to Harvard Pilgrim members who purchase their insurance through the Maine Health Insurance Marketplace at no cost.
- In December 2022, Adaptive Biotechnologies Corporation, a commercial stage biotechnology company aiming to translate the genetics of the adaptive immune system into clinical products to diagnose and treat disease, announced new data demonstrating the strengths of Adaptive’s NGS-based clonoSEQ® Assay in measuring minimal residual disease (MRD) in blood cancer patients.
- In June 2022, in collaboration with Datar Cancer Genetics, launched a blood test that can detect breast cancer in its early stages in asymptomatic individuals.
- In February 2022, BD announced the acquisition of Cytognos, a company that specializes in providing flow cytometry solutions for blood cancer diagnosis.
- In October 2021, Sysmex Inostics launched a CLIA-validated liquid biopsy test to detect Minimal Residual Disease (MRD) in Acute Myeloid Leukemia (AML).
To read more about the latest highlights related to the Blood Cancer Diagnostics market, get a snapshot of the key highlights entailed in the Global Blood Cancer Diagnostics Market Report
Blood Cancer Diagnostics Overview
Blood cancer diagnostics is a method of identifying various biomarkers, proteins, and some signs from blood cells via blood tests, which leads to the detection of the presence of a cancerous tumor. Efficient diagnostic testing is used to confirm or rule out the presence of illness, monitor disease progression, and schedule and review treatment outcomes. Blood cancer diagnostics are medical devices used to diagnose, identify, assess risk, and monitor blood cancers such as leukemia, lymphoma, and myeloma.
Blood Cancer Diagnostics Market Insights
North America is expected to lead the global blood cancer diagnostics market in terms of revenue generation. This can be attributed, among other things, to the presence of a large patient pool associated with blood cancer, an increase in the number of smokers, and a highly potent market in terms of product development and launches, high consumer awareness, and the local presence of key blood cancer diagnostics market players.
To know more about why North America is leading the market growth in the Blood Cancer Diagnostics market, get a snapshot of the Blood Cancer Diagnostics Market Outlook
Blood Cancer Diagnostics Market Dynamics
The rising prevalence of blood cancers such as leukemia, lymphoma, and myeloma is one of the significant drivers of the blood cancer diagnostics market. Furthermore, the growing geriatric population, which is predisposed to various chronic diseases such as blood cancer, is expected to aid in the growth of the blood cancer diagnostics market. Another important factor driving the growth of the blood cancer diagnostics market is the continuous rise in risk factors associated with blood cancer development, such as tobacco consumption, smoking, family history, previous cancer treatment, and others.
However, the risk associated with blood cancer diagnostics and a lack of skilled healthcare professionals may act as restraints on the growth of the blood cancer diagnostics market.
Additionally, during the COVID-19 pandemic, the blood cancer diagnostics market experienced some decline as the primary focus shifted to first treating patients infected with the coronavirus. The implementation of lockdown and border closures as a necessary measure to prevent the spread of COVID-19 infection hampered the manufacturing, supply, import, and export of tools and technologies used for blood cancer diagnosis, resulting in a decline in the blood cancer diagnostics market. However, with the introduction of COVID-19 vaccines and the resumption of activities across industries, including the healthcare sector, the blood cancer diagnostics market has been on the rise during the forecast period of 2022–2027.
Get a sneak peek at the Blood Cancer Diagnostics market dynamics @ Blood Cancer Diagnostics Market Dynamics Analysis
| Report Metrics | Details |
| Coverage | Global |
| Study Period | 2019–2027 |
| Base Year | 2021 |
| Blood Cancer Diagnostics Market CAGR | ~6% |
| Key Blood Cancer Diagnostics Companies | BD, Abbott, Agilent Technologies, Inc., Adaptive Biotechnologies, F. Hoffmann-La Roche Ltd., Invivoscribe, Inc., NeoGenomics Laboratories, Inivata Ltd., Lucence Health Inc., BioFluidica, SkylineDx, MedGenome, Xian Tianlong Science and Technology Co., Ltd., Cepheid, Abingdon Health, among others |
Blood Cancer Diagnostics Market Assessment
- Blood Cancer Diagnostics Market Segmentation
- Market Segmentation By Type: Products (Instruments, Assay Kits and Reagents) and Services
- Market Segmentation By Test Type: Blood Tests, Imaging Tests, Biopsy, and Molecular Tests
- Market Segmentation By End User: Hosptials, Clinics, and Diagnostics Labs
- Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of World
- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View
Which MedTech key players in the Blood Cancer Diagnostics market are set to emerge as the trendsetter explore @ Blood Cancer Diagnostics Companies
Table of Contents
| 1 | Report Introduction |
| 2 | Executive summary |
| 3 | Regulatory and Patent Analysis |
| 4 | Key Factors Analysis |
| 5 | Porter’s Five Forces Analysis |
| 6 | COVID-19 Impact Analysis on Blood Cancer Diagnostics Market |
| 7 | Blood Cancer Diagnostics Market Layout |
| 8 | Global Company Share Analysis – Key 3-5 Companies |
| 9 | Blood Cancer Diagnostics Market Company and Product Profiles |
| 10 | Project Approach |
| 11 | About DelveInsight |
Interested in knowing the Blood Cancer Diagnostics market by 2027? Click to get a snapshot of the Blood Cancer Diagnostics Market Trends
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DelveInsight is a leading Business Consultant, and Market Research firm focused exclusively on life sciences. It supports pharma companies by providing comprehensive end-to-end solutions to improve their performance.
