Press release
Global MRD Testing Market Set to Reach USD 3.72 Billion by 2030
The global Minimal Residual Disease (MRD) Testing Market is projected to expand from USD 1.60 billion in 2023 to USD 3.72 billion by 2030, registering a robust Compound Annual Growth Rate (CAGR) of 12.8% during the forecast period.
➤ Competitive Landscape and Regional Demand
The MRD testing market is characterized by the presence of several key players, including Adaptive Biotechnologies, Guardant Health, Natera Inc., NeoGenomics Inc., and Exact Sciences Corp. These companies are actively engaged in strategic initiatives such as mergers, collaborations, and acquisitions to strengthen their market positions.
North America currently leads the global MRD testing market, accounting for 45.9% of the market share in 2022. The region's dominance is attributed to the high incidence of leukemia and lymphoma, advanced healthcare infrastructure, and proactive government initiatives.
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➤ Country-Specific Insights
Growth Opportunities in Vietnam
Vietnam's healthcare sector is witnessing gradual advancements, with increasing awareness about cancer diagnostics. While specific data on MRD testing adoption is limited, the country's efforts to enhance its medical infrastructure present potential growth opportunities for MRD testing in the future.
Market Trends in Thailand
Thailand is focusing on improving its cancer diagnostic capabilities. The integration of advanced technologies like Next-Generation Sequencing (NGS) in MRD testing is anticipated to gain traction, aligning with the country's commitment to enhancing patient care.
Consolidation in Japan
Japan's MRD testing market is experiencing consolidation, with companies like Sysmex Corporation leading the way. The emphasis on precision medicine and early cancer detection is driving the adoption of advanced MRD testing methodologies.
Updation in South Korea
South Korea is updating its MRD testing protocols, incorporating cutting-edge technologies to improve diagnostic accuracy. Collaborations between local healthcare providers and international companies are fostering innovation in the MRD testing landscape.
Opportunities in Singapore
Singapore's strategic investments in healthcare research and development are creating opportunities for MRD testing. The country's focus on personalized medicine and early cancer detection aligns with the growing demand for MRD testing solutions.
Growth in the United States
The United States remains a dominant force in the MRD testing market, with a projected revenue of USD 1.63 billion by 2030. The country's advanced healthcare infrastructure and high awareness levels contribute to its leading position.
Trends in China
China is witnessing a surge in MRD testing adoption, driven by the increasing prevalence of hematological malignancies and solid tumors. The government's initiatives to enhance cancer diagnostics are further propelling market growth.
Market Dynamics in Europe
Europe's MRD testing market is characterized by stringent regulations promoting early cancer detection and personalized treatment. Collaborations between research institutions and healthcare providers are fostering innovation in MRD testing methodologies.
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➤ Key Developments and Mergers
In January 2021, GRAIL collaborated with leading healthcare companies to evaluate its methylation-based platform for MRD detection.
In November 2022, Natera received a national MRD testing contract with the U.S. Department of Veterans Affairs for its Signatera MRD test.
The Foundation for the National Institutes of Health launched a project in February 2022 to validate new methods for quantifying and detecting MRD.
➤ Minimal Residual Disease Testing Market Classifications
by Technology
Flow Cytometry
Polymerase Chain Reaction (PCR)
Next Generation Sequencing (NGS)
Others
by Application
Hematological Malignancy
Lymphoma
Leukaemia
Solid Tumors
Others
by End-User
Hospitals and Specialty Clinics
Diagnostic Laboratories
Academic and Research Institutes
Others
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➤ The following companies are included in the market for Minimal Residual Disease Testing :
1. Exact Sciences Corporation (United States)
2. GRAIL, LLC (United States)
3. Veracyte, Inc. (United States)
4. Natera, Inc. (United States)
5. Guardant Health (United States)
6. FOUNDATION MEDICINE, INC. (Massachusetts, United States)
7. Bio-Techne (Minnesota, United States)
8. Adaptive Biotechnologies Corporation (Adaptive Biotechnologies Corporation)
9. Arup Laboratories (Utah, United States)
10. Bio-Rad Laboratories, Inc. (California, United States)
11. Cergentis B.V. (Netherlands)
12. ICON plc (Dublin, Ireland)
13. Invivoscribe, Inc. (San Diego, CA.)
14. Mission Bio, Inc. (San Francisco, CA)
15. NeoGenomics Laboratories, Inc. (Florida, United States)
16. Opko Health, Inc. (Florida, United States)
For deeper market insights, peruse the summary of the research report: https://www.maximizemarketresearch.com/market-report/minimal-residual-disease-testing-market/234192/
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