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Soaring Growth in Minimal Residual Disease Testing Market Driven by Advanced Cancer Research and Rise in Incidence Rates
Minimal Residual Disease Testing Market
What Is The Projected Market Size Of The Global Minimal Residual Disease Testing Market And Its Growth Rate?
• The market size of the minimal residual disease testing has been witnessing significant growth, advancing from $1.59 billion in 2024 to an expected growth of $1.81 billion in 2025 at a CAGR of 13.9%.
• This growth is primarily attributed to advancements in cancer research, increased need for treatment monitoring, greater clinical evidence, supportive regulatory policies, and improved patient outcomes in the historic period.
• The market is projected to further rise to $2.96 billion in 2029, recording a CAGR of 13.1%, propelled by increasing cancer incidence rates, advancements in therapeutics, trends in precision medicine, greater priority given to early detection, and the integration of healthcare systems.
What Is Driving The Growth In The Minimal Residual Disease Testing Market?
The growth in the Minimal Residual Disease Testing Market is driven by the increasing prevalence of cancer globally. Cancer constitutes a condition when certain cells in the body grow out of control, spreading to other bodily regions. The stages of cancer are primarily detected through minimal residual disease testing, a very sensitive method to detect cancer cells in the human body. Such testing can help patients prevent the disease at an early stage, thereby boosting market growth. For instance, in 2022, approximately 1.9 million fresh cases of cancer are projected to be diagnosed as per reports available from the American Cancer Society Inc.
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Who Are the Key Players Driving Minimal Residual Disease Testing Market Growth?
Major companies operating in the Minimal Residual Disease Testing Market include:
• Natera Inc.
• Guardant Health Inc.
• Laboratory Corporation of America Holdings
• QIAGEN NV
• F. Hoffmann-La Roche Ltd.
• Bio-Techne Corporation
• Bio-Rad Laboratories Inc.
• Sysmex Corporation
• Exact Sciences Corporation
• GRAIL LLC, Veracyte Inc.
• Cergentis B.V, Mdxhealth SA,
• NeoGenomics Laboratories Inc.
• Adaptive Biotechnologies
• OPKO Health Inc.
What Are The Key Trends In The Minimal Residual Disease Testing Market?
Key trends in the market include:
• Integration of liquid biopsy approaches
• Focus on early detection of relapse
• Expansion of MRD testing in clinical trials
• Increasing adoption in pediatric oncology
• Collaborations for research and development
What Are The Segments Of The Global Minimal Residual Disease Testing Market?
The minimal residual disease testing market is segmented by:
• Test Type: DNA - Based Test, RNA- Based Test, Immunological Test
• Technology: Flow Cytometry, Polymerase Chain Reaction (PCR), Next-Generation Sequencing (NGS), Other Technologies
• Application: Hematological Malignancies, Leukemia, Lymphoma, Solid Tumors, Other Application
• End User: Hospitals And Specialty Clinics, Diagnostic Laboratories, Academic And Research Institutes, Other End Users
Which Region Leads The Minimal Residual Disease Testing Market?
North America emerged as the largest region in the minimal residual disease testing market in 2024. The regions examined in the minimal residual disease testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Minimal Residual Disease Testing Market Global Market Report?
- Market Size Analysis: Analyze the Minimal Residual Disease Testing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Minimal Residual Disease Testing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Minimal Residual Disease Testing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Minimal Residual Disease Testing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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