A latest report from Absolute Markets Insights covers insights into the global Immuno-Oncology Assays market. This comprehensive report offers insights into the market, models and drivers of business growth. Also includes Immuno-Oncology Assays market share, sales volume and education charts. Research analysts have combined important and additional information, such as commitments from market leaders, into a well-crafted report. This report is an essential insight into strategies and information and is primarily aimed at business leaders. The main objective of this Immuno-Oncology Assays report is to provide industry knowledge and help our clients achieve natural growth in their respective fields. The Immuno-Oncology Assays report also shows a new uptrend that includes market conditions and market forecast 2022-2030.
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Some of the major players operating in the global Immuno-Oncology Assays market include: Agilent, BioAgilytix, Charles River Laboratories, Creative Biolabs, Eurofins DiscoverX Products, Explicyte Immuno-Oncology, Illumina, Inc., Svar Life Science, Thermo Fisher Scientific and other market participants.
Global immuno-oncology assays market was valued at US$ 3172.40 million in 2022 and is expected to reach US$ 9517.40 million by 2030, growing at a CAGR of 13.1% over the forecast period.
The competitive landscape of the market study contains a broader analysis of the regions including North America, Europe, Asia-Pacific, Middle East and Africa, Latin America, which are expected to capture the essence of the market in its broadest category. The list encompasses significant players who manage the sector based on the system’s overall production capabilities, environmental contributions, appropriate channels, and territorial proximity through a system of primary and secondary research methodologies followed by an in-house analytical model. Furthermore, the generated income and a generalized market share for the market is presented with the help of graphs, charts and tables.
Furthermore, the report also contains important collaborations, mergers and acquisitions, key market trends and business policies are evaluated. The study contains primary and secondary information pertaining to the Immuno-Oncology Assays Market in terms of its global status, market size, growth forecasts, trends, segments, and a detailed forecast.
Key insights from the report:
- The report provides key statistics on the market status of Immuno-Oncology Assays Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry, including its definition, applications and manufacturing technology.
- The report features the company profile, product specifications, capacity, production value and market share 2022-2030 for the top vendors.
- The total market is further divided by company, by country and by application/type for the analysis of the competitive landscape.
- The report then estimates the 2022-2030 market development trends of the P2P Loans industry.
- Analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
- The report makes some important proposals for a new project of Immuno-Oncology Assays Market before evaluating its feasibility.
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Covid-19 cumulative impact:
This study presents insights into COVID-19 on consumer behavior and changes in demand, purchasing patterns, supply chain reorganization, dynamics of market forces, and substantial government involvement. The new research provides insights, analysis, estimates and predictions in light of the effect of COVID-19 on markets. The Immuno-Oncology Assays Market report provides a solid observation on the prominent players in terms of strategic analysis, micro and macro market trends and opportunities, pricing trends, and a generalized overview of the market. The Immuno-Oncology Assays Market is a detailed study packed with primary and secondary market factors, market share, leading segments and a proper geographic analysis.
Key questions answered in this report:
- What will the market size and growth rate be in 2030?
- What are the key drivers of the global market?
- What are the key market trends impacting the growth of the global market?
- What are the market growth challenges?
- Who are the key vendors in the global market?
- What are the global market opportunities and challenges for sellers?
- What are the key findings of the global five-point analysis of the Immuno-Oncology Assays market?
Immuno-oncology assays are a next-generation sequencing technology that provides automated immune and tumour cell dynamic measurements in real time. Biological processes driving the immune response to cancer can be studied with the aid of this assays. This assay helps preserve cell health and morphology and provides continuous analysis in real time. Factors such as the growing acceptance of targeted therapy over conventional therapy and increasing demand for mAbs are primarily driving the growth of this sector. Immuno-oncology research requires the use of multiple immunology tests that are used to monitor the relationship between immune cells and cancer cells. There is a tremendous opportunity for the human body’s immune system to kill tumour cells, causing no toxicity to normal cells. In addition, the immune system also has the potential to prevent cancer recurrence.
Amongst diseases, cancer will boost the growth of the market over the forecast period. In addition, increasing targeted therapy adoption is boosting the growth of the market. In order to measure the concentration of therapeutic antibodies, anti-drug antibodies and soluble protein biomarkers immune-oncology assays are used. The market growth of assays increases as the popularity of targeted therapy increases.
The key factor in increasing market growth is increasing healthcare expenditure, increasing cancer prevalence, increasing patient preference for immunotherapies and immunodiagnostics due to side effects of radiation and chemotherapy and technological advances in the immune-oncology assay. However, the rising unfavourable regulatory and reimbursement scenario and the increased amount of capital investments are the main factors that will hinder market growth and will further challenge the growth of the market for immuno-oncology assays in the forecast period. The production of immuno-oncology assays has several challenges and requires specialist teams and experienced investigators. High costs and time required for manufacturing are also associated with the production of immuno-oncology assays. These variables are expected to hamper market growth over the forecast period.
During the forecast period, new product launches are expected to propel the growth of the immuno-oncology market. Roche Diagnostics, for example, launched the new VENTANA HER2 Dual ISH DNA Probe Cocktail assay in April 2019 to identify the biomarker of human epidermal growth factor receptor 2 (HER2) in breast and gastric cancers. In addition, key market players are focused on the launch of new immune-oncology assays, which are expected to drive the growth of the market for immune oncology assays. The growth of the global immuno-oncology assay market is driven by increased research and development activities for cancer treatment and the increase in the use of personalized medicines across the globe. Due to the reduction in test rates and the delay in cancer diagnosis, demand for immuno-oncology assays is expected to decrease during the Covid-19 pandemic. The repurposing of laboratory resources to provide Covid-19 research has impacted the capacity of laboratories involved in oncology testing, resulting in a decrease in the testing rate.
Global Immuno-Oncology Assays Market Segmentation:
Immuno-Oncology Assays Market By Component (Consumables (Cytotoxicity Assays, MOA-Reflective Functional Assays For Co-Stimulatory And Inhibitory Checkpoint Receptors, Functional Assays, Custom, Others), Software Platform (Immunoassay, PCR, NGS, Flow Cytometry, Others)) By Technology (2D, 3D) By Technology (Natural Killer Cells, Macrophages, Dendritic Cells, Neutrophils, Fibroblasts, Others) By Application (Screen And Develop Antibodies, Small Molecules, Cellular Therapies (Chimeric Antigen Receptor T Cells (CAR-T), ADCC, ADCP, T Cell Redirection, Adoptive T Cell Therapy, Others) By Targets (PD-1, SIRPα, CTLA4, OX40, ICOS, Others) By Indication (Lung Cancer, Colorectal Cancer, Melanoma, Bladder Cancer, Other Cancers) By Usage (Research Solutions (Tumor Microenvironment And Immune Composition, Tumor Mutational Burden And Neoantigens, Cancer Microbiome Research, Immunotherapy Research Publications, Others) Others)); By Region (U.S., Canada, Mexico, Rest Of North America, France, UK, Germany, Spain, Italy, Nordic Countries, Benelux Union, Rest Of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia, Rest Of Asia Pacific, Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest Of MEA, Brazil, Argentina, Rest Of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2022 – 2030
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