Molecular Oncology Market Size is projected to Reach USD 7.4 billion, Garnering an 11.0% by 2034: Transparency Market Research Inc.

Continued funding for cancer research is essential to the development of molecular oncology and is a primary driver of market expansion.

Wilmington, Delaware, United States, Transparency Market Research Inc. -, Oct. 11, 2024 (GLOBE NEWSWIRE) — The global

Global Market for Molecular Oncology: Regional Outlook

Various reasons propel the molecular oncology market growth throughout the regions. These are:

• As per the most recent molecular oncology market projection, North America has a significant position in the industry. The region’s market dynamics are being driven by robust healthcare systems, state-of-the-art medical equipment, and significant investments in cancer research and development.
• Molecular oncology diagnoses and therapies are the focus of several leading pharmaceutical and biotech businesses in the United States, a major contributor to North America’s leadership.
• Furthermore, the American Cancer Society provides thorough data and analysis on cancer outcomes, rates, and trends, which facilitates informed decision-making and efficient resource allocation.
• Moreover, North America enjoys favorable regulatory rules, a sizable patient base, and high healthcare spending, all of which present profitable market potential for molecular oncology in the area.

Global Molecular Oncology Market: Key Players

Prominent organizations in the global molecular oncology industry are implementing tactics including creating and introducing novel goods. Molecular oncology is a moderately competitive business with a number of major competitors.

The following companies are well-known participants in the global molecular oncology market:

• Roche Diagnostics
• Thermo Fisher Scientific Inc.
• Illumina, Inc.
• Qiagen N.V.
• Agilent Technologies, Inc.
• Abbott Laboratories
• Bio-Rad Laboratories, Inc.
• Myriad Genetics, Inc.
• Genomic Health, Inc.
• Other Players

Key Developments

• Roche announced the release of the LightCycler PRO System in November 2023. This system expands upon the well-proven gold standard technology of earlier LightCycler® Systems. Roche’s molecular PCR testing portfolio, which includes solutions for researchers and clinicians testing patients for infectious diseases, cancer, and other public health concerns, is expanded with the introduction of the LightCycler PRO System.
• Zydus Lifesciences and Guardant Health joined forces in November 2023 to market the Guardant360 bodily fluid and tissue biopsy test in Nepal and India. The tests, which consist of the Guardant360 Response test and the Guardant360 TissueNext evaluation, are designed to enhance treatment results for advanced malignancies by offering targeted genetic testing.

Global Molecular Oncology Market Segmentation 

• Product
  • Instruments
  • Reagents
  • Others
• Cancer Type
  • Lung Cancer
  • Breast Cancer
  • Colorectal Cancer
  • Ovarian Cancer
  • Pancreatic Cancer
  • Others
• Technology
  • PCR (rt-PCR, d-PCR)
  • NGS (Next Generation Sequencing)
  • Microarray
  • FISH (Fluorescent in situ-hybridization)
  • Others
• End-user
  • Hospitals and Clinics
  • Diagnostic Laboratories
  • Cancer Centers and Specialty Clinics
  • Others (Government and Public Health Agencies)
• By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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