Hemato Oncology Testing Market Is Expected To Reach $8.9 Billion by 2031, Growth at CAGR of 13.3% between 2021-2031

According to a new market research report published by sheer analytics and insights, “The Global Hemato Oncology Testing Market was valued at $2.2 Billion in 2020. Growing at a high CAGR of more than 13.3% between 2021 and 2031, it is estimated to reach $8.9 Billion by 2031”, as per the latest market research report titled, Global Hemato Oncology Testing Market - Industry analysis, size, share, growth, trends, and forecast, 2021-2031.

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Hemato oncology testing is the science associated with the diagnosis, treatment, and prevention of blood-related diseases and cancers. The increasing prevalence of myeloma and lymphoma is anticipated to propel the market's growth during the forecast period. However, according to the American Cancer Society, Non-Hodgkin Lymphoma (NHL) is the most common form of any cancer in the U.S., accounting for nearly 4.0% of all cancer countries. Increasing numbers of hematologic cancer cases and rising awareness about the advanced treatment therapies for cancer and other diseases among the population will drive the market growth. Apart from that, the growing cases of lymphoma and myeloma cancers will also affect the market rapidly. In addition to this, increasing conferences on personalized medicines, the rising collaboration between manufacturer, and growing demand for advanced treatment options are the factors which drive the market during the forecast period.

However, in this current pandemic of COVID-19, the Hemato Oncology Testing market was affected much. It changes the growth rate graph slightly in the Hemato Oncology Testing market. People are spending more money on healthcare, which propels the market growth in this current situation. Apart from that, the rising of the oncology testing sector across the world is anticipated to offer a massive opportunity for market growth in the next forecast period of 2021 to 2031.

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List of Companies Covered:
• F. Hoffman-La Roche Ltd
• Abbott Laboratories
• EntroGen, Inc.
• Qiagen N.V.
• Cepheid
• Thermo Fisher Scientific, Inc.
• Bio-Rad Laboratories, Inc.
• Illumina, Inc.
• Other

The Global Hemato Oncology Testing Market Has Been Segmented into:

By Cancer Type
• Leukemia
o Acute Myeloid Leukemia (AML)
o Acute Lymphocytic Leukemia (ALL)
o Chronic Lymphocytic Leukemia
o Chronic Myeloid Leukemia
• Lymphoma
o Non-Hodgkin Lymphoma
o Hodgkin Lymphoma
• Myeloproliferative Neoplasms
o Polycythemia vera (PV)
o Essential thrombocythemia (ET)
o Myelofibrosis (MF)
• Other Cancers

By Product Type
• Assay Kits and Reagents
• Services

By Technology Type
• PCR
o Real-time qPCR
o Digital PCR
• IHC
• NGS
• Cytogenetics
• Other Technologies

By End-Use Type
• Hospitals
• Academic & Research Institutes
• Others

By Geography Type
• North America
• Europe
• Asia Pacific
• Latin America,
• Middle East & Africa

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Sheer Analytics and Insights as the firm is created to balance client requirements without compromising the core values of Market research in –terms of quality, factual correctness, market awareness, and analysis. SAI goes back to the root of Market Research in terms of TAM (Total Available Market) and PAM (Potential Available Market) and assess the same quantifying all Push and Pull factors.

This release was published on openPR.