New York, NY, May 28, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Immuno Oncology Assays Market by Product (Consumables and Software), by Assay (Cell Migration & Invasion, Cell Proliferation, Immune Cell Killing, Phagocytosis, and Others), by Technology (PCR, Immunoassay, NGS, Flow Cytometry, and Others), by Indication (Lung Cancer, Colorectal Cancer, Melanoma, Bladder Cancer, and Other Cancers), and by Application (Clinical Diagnostics and Research Applications): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global immuno oncology assays market was approximately USD 2.86 billion in 2018 and is expected to generate around USD 6.63 billion by 2025, at a CAGR of around 12.9% between 2019 and 2025.
Immuno-oncology deals with investigating the body’s immune system in response to cancer cells. Immuno-oncology assays are in-vitro assays that are used to study a drug’s or compound’s response in a tumor’s microenvironment. The worldwide demand for immunology-based oncology assays is growing swiftly, owing to the increasing cancer prevalence, rising acceptance of targeted therapy, and growing demand for monoclonal antibodies (mAb). Additionally, the rising levels of cancer awareness and the increasing number of government initiatives and funding for early cancer diagnosis research are propelling the immuno oncology assays market growth. However, huge capital investments and high immunotherapy treatment cost may restrain the immuno oncology assays market development.
Browse through 88 Tables & 40 Figures spread over 110 Pages and in-depth TOC on “Global Immuno Oncology Assays Market: Industry Size, Share, Trends, Growth, Applications, Analysis and Forecast, 2018–2025”.
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The global immuno oncology assays market is fragmented based on product, assay, technology, indication, and application. By product, the market includes consumables (reagents and kits, various accessories, etc.) and software. The consumables segment held the largest market share in 2018, whereas the software segment is expected to show the highest CAGR in the upcoming years. The easy availability of a wide range of reagents and their increasing usage in various cancer therapeutic applications, rapidly growing cancer biomarker research has led to the rising use of consumables.
By assay, the market includes cell migration and invasion, cell proliferation, immune cell killing, phagocytosis, and others. The cell proliferation segment held the largest market share in 2018.
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Based on technology, the market includes polymerase chain reaction (PCR), immunoassay, flow cytometry, next-generation sequencing (NGS), and others. The PCR segment held the largest market share in 2018, due to the development of advanced PCR technologies. Additionally, the NGS segment is expected to register the highest CAGR over the forecast time period.
Based on indication, the market includes colorectal cancer, lung cancer, bladder cancer, melanoma, and other cancers. Lung cancer dominated the market in 2018 owing to their high prevalence among all types of cancers.
Browse the full “Immuno Oncology Assays Market by Product (Consumables and Software), by Assay (Cell Migration & Invasion, Cell Proliferation, Immune Cell Killing, Phagocytosis, and Others), by Technology (PCR, Immunoassay, NGS, Flow Cytometry, and Others), by Indication (Lung Cancer, Colorectal Cancer, Melanoma, Bladder Cancer, and Other Cancers), and by Application (Clinical Diagnostics and Research Applications): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/immuno-oncology-assays-market
By application, global immuno oncology assays market is segmented into research applications and clinical diagnostics. Biomarker-based drug development and research and clinical trials are boosting the growth of the research applications segment, whereas the wide adoption of immuno-oncology assays in diagnostics owing to its benefits is driving the demand for clinical diagnostics.
North America dominated the global immuno oncology assays market with a revenue share of almost 40% in 2018. This huge revenue share is accredited to the increasing prevalence of cancer, the presence of advanced healthcare infrastructure, and rising adoption of targeted therapy. North America is estimated to remain at the top market position over the forecast time period as well, owing to the increasing public and private funding for various R&D activities. Additionally, ongoing research and development of monoclonal antibodies (mAb) and continuous technological advancements are also driving the North American market. At the country level, the U.S. represents a major market for the North American immuno oncology assays market, followed by Canada.
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Europe contributed the second largest revenue share in 2018 to the global immuno oncology assays market, due to rising cancer burden, growing adoption of technologically advanced products, favorable reimbursement policies, increasing healthcare spending, and growing health awareness, rising preference for targeted therapy. Germany, France, and UK are major countries in the European immuno oncology assays market. UK is estimated to grow notably over the forecast time period. Germany dominated the regional market with a revenue share of about 32% and was closely followed by UK.
The Asia Pacific immuno oncology assays market will register the highest CAGR in the years ahead, owing to the increasing aging population base, rising cancer prevalence, augmenting health awareness, and ongoing cancer therapy clinical trials. This regional growth will be particularly evident in emerging countries like China and India. China dominated the regional market with a revenue share of about 35% in 2018. India will register the highest CAGR in the future, owing to the emergence of the advanced healthcare system and rising healthcare spending.
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Latin America signifies another significant regional market, which is estimated to witness moderate growth over the forthcoming years. Brazil held the largest revenue share of about 60% in 2018 and is a major market in the region.
The Middle East and Africa immuno oncology assays market will register slow growth in the upcoming years, owing to the under-developed healthcare infrastructure and the lack of advanced technologies.
Some major players operating in the global immuno oncology assays market include Thermo Fisher Scientific, Agilent Technologies, Roche Diagnostics, Nanostring Technologies, Illumina, Foundation Medicine, Sartorius, Qiagen, HTG Molecular Diagnostics, PerkinElmer, and Merck.
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This report segments the global immuno oncology assays market into:
Global Immuno Oncology Assays Market: By Product
- Consumables
- Software
Global Immuno Oncology Assays Market: By Assay
- Cell Proliferation
- Cell Migration and Invasion
- Phagocytosis
- Immune Cell Killing
- Other
Global Immuno Oncology Assays Market: By Technology
- PCR
- Immunoassay
- NGS
- Flow Cytometry
- Others
Global Immuno Oncology Assays Market: By Indication
- Lung Cancer
- Colorectal Cancer
- Melanoma
- Bladder Cancer
- Other Cancers
Global Immuno Oncology Assays Market: By Application
- Research Applications
- Clinical Diagnostics
Global Immuno Oncology Assays Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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