Immuno Oncology Assays Market

Immuno Oncology Assays Market Share was valued at USD 4,881 million in 2022 and is anticipated to touch USD 12,793 Million in 2030 and is expected to register a CAGR of 12.8% during the forecast period.

Immuno Oncology Assays Market Overview

Immuno Oncology assays refers to the usage of several immunology assays which are used for the monitoring of the interaction between the cancer cells and immune cells. The immune system of humans has a high potential to destroy tumor cells producing no toxicity to normal cells. The global immuno oncology assays market covers various products & services such as consumables, instruments, software, and services.

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Major Immuno Oncology Assays Market Drivers

The major factors that are surging the growth of the global immuno oncology assays market size include the surging demand for personalized medicine, along with the growing incidences of cancer and the increasing adoption of targeted therapy. Cancer is a complex disease that is developed through the multi-stage carcinogenesis process, which includes various molecular pathway events. As per the GLOBOCAN, the total number of cancer cases is increasing and is expected to reach 30 million by the end of 2040, which was 18 million in 2018. Around 605 of the cancer cases are taking place in Asia, the U.S., and Africa. Therefore, the increasing prevalence of cancer is directly increasing the demand for immuno oncology assays.

Various emerging countries such as India, China, South Korea, and Brazil are further helping the market to grow over the coming years. These countries are largely focusing on increasing their healthcare expenditure which is creating new growth opportunities for the market. As per the WHO, the current health expenditure (% of GDP) in 2018 amounted to 5.3%, which was 5.1% in 2017.

Restraint in the Immuno Oncology Assays Market

On the other hand, the high capital investment required, and the low cost-benefit ratio are the two major factors that are hindering the growth of the immuno oncology assays market share.

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Technology – Segment Analysis

Based on the technology, the PCR segment is expected to grow at a higher CAGR during the forecast period. This is mainly due to the increasing usage of PCR technology in immuno-oncology bio market identification and discovery research.

Product & Service – Segment Analysis

Based on the product & service, the reagents and antibodies segment is projected to grow at a faster CAGR during the forecast period. The rising incidences of several types of cancer around the globe is a major factor that is surging the segment growth. The rising number of cancer patients is mainly because of population growth and aging.  Cancer-related to lungs and female breasts are among the most common categories in the world.

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Regional – Segment Analysis:

Based on the region, North America region is expected to dominate the market during the forecast period. The high prevalence of cancer in this region is a key driver that is propelling the market growth. As per the National Institutes of Health (NIH), in 2018, there were 1,735,350 new cases of cancer in the U.S., and 609,640 people died from the disease. On the other hand, the Asia-Pacific region is projected to grow at a higher CAGR during the forecast period. This is mainly attributed to the increasing support from government bodies and the high prevalence of cancer in Asian countries.

Top Market Players

Various notable players operating in the market include Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd., Illumina, Inc., Merck KGaA, Agilent Technologies, Inc., Abbott, Sartorius AG, Nanostring Technologies, Inc., HTG Molecular Diagnostics, Inc., and Perkinelmer, Inc., among others.

Segments covered in the Report:

The global Immuno Oncology Assays market has been segmented on the basis of Product & Service, Technology, Indication, Application and regions. Based on Product & Service, the market is segmented into Reagents and Antibodies, Instruments, Software, and Consumables and Accessories. Based on Technology, the market is segmented into Polymerase Chain Reaction, Immunoassay, Next-Generation Sequencing, In Situ Hybridization, And Flow Cytometry. Based on Indication, the market is segmented into Lung Cancer, Breast Cancer, Colorectal Cancer, Bladder Cancer, Melanoma and Others. Based on Application the market is segmented into Research Applications and Clinical Diagnostic.

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Market Segmentation

Global Immuno Oncology Assays Market by Product & Service

• • Reagents and Antibodies
  • Instruments
  • Software
  • Consumables and Accessories

Global Immuno Oncology Assays Market by Technology

• • Polymerase Chain Reaction
  • Immunoassay
  • Next-Generation Sequencing
  • In Situ Hybridization
  • Flow Cytometry

Global Immuno Oncology Assays Market by Indication

• • Lung Cancer
  • Breast Cancer
  • Colorectal Cancer
  • Bladder Cancer
  • Melanoma
  • Others

Global Immuno Oncology Assays Market by Application

• • Research Applications
  • Clinical Diagnostic

Global Immuno Oncology Assays Market by Region

• • North America Immuno Oncology Assays Market (Option 1: As a part of the free 25% customization)

    • By Product & Service
    • By Technology
    • By Indication
    • By Application
    • US Market All-Up
    • Canada Market All-Up

  • Europe Immuno Oncology Assays Market (Option 2: As a part of the free 25% customization)

    • By Product & Service
    • By Technology
    • By Indication
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Immuno Oncology Assays Market (Option 3: As a part of the free 25% customization)

    • By Product & Service
    • By Technology
    • By Indication
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Immuno Oncology Assays Market (Option 4: As a part of the free 25% customization)

    • By Product & Service
    • By Technology
    • By Indication
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Immuno Oncology Assays (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Thermo Fisher Scientific Inc.
  • Hoffmann-La Roche Ltd.
  • Illumina, Inc.
  • Merck KGaA
  • Agilent Technologies, Inc.
  • Abbott
  • Sartorius AG
  • Nanostring Technologies, Inc.
  • HTG Molecular Diagnostics, Inc.
  • Perkinelmer, Inc.