Press release
Novel Immuno-oncology Biomarker Testing Market In-Depth Research On Market Size, Trends, Emerging Growth Factors And Forecast 2025
Cancer Research Initiatives to Work in Favor of Global Market
Increasing investigation of mismatch repair deficiency, microsatellite instability, tumor mutation burden, and other novel cancer biomarkers is predicted to highlight the global novel immuno-oncology biomarker testing market. Rising number of clinical research initiatives for studying the application and relevance of several novel cancer biomarkers could augur well for the global market. Need to make personalized cancer treatment-related decisions is encouraging the development of analytical tests for cancer biomarkers.
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Oncology Testing and Service Deals to Give Strength to Product Portfolio
Some of the leading players of the global novel immuno-oncology biomarker testing market are Agilent Technologies, Inc., Biodesix, Eli Lilly and Company, AstraZeneca, Ventana Medical Systems, Inc., Genentech Inc., Bristol-Myers Squibb, Merck & Co., Inc., and Pfizer Inc. Besides collaboration, acquisition is a powerful strategy that could help players to gain a significant share of the global market. In July 2019, Interpace Diagnostics Group, a US provider of clinically useful molecular and related first-line diagnostic tests for evaluating cancer risk, signed the acquisition of the biopharma services business of Cancer Genetics, Inc., a US DNA-based cancer diagnostics company.
By Testing Method
● Tumor Infiltrating Lymphocytes (TILs)
● Microsatellite Instability
● Tumor Mutational Burden
● Others
By Application
● Blood Cancer
● Colon Cancer
● Prostate Cancer
● Colorectal Cancer
● Melanoma
● Lung Cancer
● Others
By Technology Type
● Immunohistochemistry
● Next-generation Sequencing
● Polymerase Chain Reaction
● Others
By End Use
● Research Use
● Clinical Use
● Commercial Use
The market share of research use is expected to increase in future as growing number of immuno-oncology and cancer diagnostics companies continue to partner with each other. In July 2019, Immodulon Therapeutics Ltd., a UK-based clinical-stage immuno-oncology company, and Biodesix Inc., a US molecular diagnostics company, formed a biomarker research partnership focusing on pancreatic cancer treatment.
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