MRD Testing Market Report: Trends, Forecast and Competitive Analysis to 2030

MRD Testing Market Report: Trends, Forecast and Competitive Analysis to 2030

MRD Testing Trends and Forecast

The future of the global MRD testing market looks promising with opportunities in the hospitals and specialty clinic, diagnostic laboratory, and academic & research institutes markets. The global MRD testing market is expected to reach an estimated $4.4 billion by 2030 with a CAGR of 12.8% from 2024 to 2030. The major drivers for this market are increasing occurrence of blood-related cancers, growing global elderly population, and progress in technology for minimal residual disease (MRD) testing.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

MRD Testing by Segment

The study includes a forecast for the global MRD testing by technology, application, end use industry, and region.

MRD Testing Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Flow Cytometry
• Polymerase Chain Reaction (PCR)
• Next-Generation Sequencing (NGS)
• Others

MRD Testing Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Hematological Malignancies
• Leukemia
• Lymphoma
• Solid Tumors
• Others

MRD Testing Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals and Specialty Clinics
• Diagnostic Laboratories
• Academic & Research Institutes
• Others

MRD Testing Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of MRD Testing Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies MRD testing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the MRD testing companies profiled in this report include-

• Labcorp
• F. Hoffmann-La Roche
• Guardant Health
• Sysmex Corporation
• Neogenomics Laboratories
• Adaptive Biotechnologies Corporation
• Archerdx
• Asuragen
• Arup Laboratories

MRD Testing Market Insights

Lucintel forecasts that Polymerase Chain Reaction (PCR) is expected to witness highest growth over the forecast period.

Within this market, hospitals and specialty clinics will remain the largest segment.

APAC is expected to witness highest growth over the forecast period.

Features of the Global MRD Testing Market

Market Size Estimates: MRD testing market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: MRD testing market size by various segments, such as by application, end use industry, and region in terms of value ($B).

Regional Analysis: MRD testing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different technologies, applications, end use industries, and regions for the MRD testing market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the MRD testing market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the MRD testing market size?

Answer: The global MRD testing market is expected to reach an estimated $4.4 billion by 2030.

Q.2 What is the growth forecast for MRD testing market?

Answer: The global MRD testing market is expected to grow with a CAGR of 12.8% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the MRD testing market?

Answer: The major drivers for this market are increasing occurrence of blood-related cancers, growing global elderly population, and progress in technology for minimal residual disease (MRD) testing.

Q4. What are the major segments for MRD testing market?

Answer: The future of the global MRD testing market looks promising with opportunities in the hospitals and specialty clinic, diagnostic laboratory, and academic & research institutes markets.

Q5. Who are the key MRD testing market companies?

Answer: Some of the key MRD testing companies are as follows:

• Labcorp
• F. Hoffmann-La Roche
• Guardant Health
• Sysmex Corporation
• NeoGenomics Laboratories
• Adaptive Biotechnologies Corporation
• ArcherDX
• Asuragen
• Arup Laboratories

Q6. Which MRD testing market segment will be the largest in future?

Answer: Lucintel forecasts that next-generation sequencing (NGS) is expected to witness highest growth over the forecast period.

Q7. In MRD testing market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the MRD testing market by technology (flow cytometry, polymerase chain reaction (PCR), next-generation sequencing (NGS), and others), application (hematological malignancies, leukemia, lymphoma, solid tumors, and others), end use industry (hospitals and specialty clinics, diagnostic laboratories, academic & research institutes, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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