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Redding, California - October 30, 2024

Minimal Residual Disease Testing Market to be Worth $4.45 billion by 2031

Minimal Residual Disease Testing Market Size, Share, Forecast, & Trends Analysis By Offering, Technology (PCR, Flow Cytometry, NGS) Application (Lymphoma, Leukemia, Multiple Myeloma, Solid Tumor) Sample (Blood, Bone Marrow) – Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Minimal Residual Disease Testing Market Size, Share, Forecast, & Trends Analysis By Offering, Technology (PCR, Flow Cytometry, NGS) Application (Lymphoma, Leukemia, Multiple Myeloma, Solid Tumor) Sample (Blood, Bone Marrow) – Global Forecast to 2031. According to this latest publication from Meticulous Research®, the global minimal residual disease testing market is projected to reach $4.45 billion by 2031, at a CAGR of 14.6% during the forecast period 2024–2031.

The growth of global minimal residual disease testing market is driven by the growing burden of cancer, extensive application of MRD in blood cancers, the high recurrence rates in some types of cancers, and growing investments and funding for MRD research and testing. Moreover, growth prospects in, the rising adoption of personalized treatments & targeted therapies in the field of oncology, and the growing use of MRD testing in cases of solid tumors are expected to generate market growth opportunities.

Key Players

The key players operating in global minimal residual disease testing market are Illumina, Inc. (U.S.), Qiagen N.V. (Netherlands), F. Hoffmann-La Roche Ltd. (Switzerland), Thermo Fisher Scientific, Inc. (U.S.), Natera Inc (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Adaptive Biotechnologies Corporation (U.S.), Sysmex Corporation, (Japan), Integrated DNA Technologies, Inc. (U.S.), Twist Bioscience Corporation (U.S.) and Invivoscribe Inc. (U.S.).

Minimal Residual Disease Testing Market: Future Outlook

The global minimal residual disease testing market is segmented based on offering, technology, application, sample type, and customer type. The report also evaluates industry competitors and analyzes the global minimal residual disease testing market at the regional and country levels.

Among the offerings studied in this report, in 2024, the reagents & assays segment is anticipated to dominate the global minimal residual disease testing market, with a share of 76.7%. The high burden of cancer, repetitive use of assays & reagents, intensive research and development activities by the players in the market leading to launch of new MRD testing, and high use of MRD tests in cancer research and clinical trials are factors contributing to the segment’s dominant position in the minimal residual disease testing market.

Among the technologies studied in this report, in 2024, the flow cytometry segment is anticipated to dominate the global minimal residual disease testing market, with a share of 42.7%. The cost effectiveness of flow cytometry, technology’s ability to simultaneously assess multiple parameters, such as cell size, granularity, and protein expression, and growing advancements are factors contributing to the segment’s dominant position in the minimal residual disease testing market.

Among the applications studied in this report, in 2024, the blood cancers segment is anticipated to dominate the global minimal residual disease testing market. The high burden of blood cancers both economically and on the quality of life, fast progression and high rates of recurrence, high investments in molecular residual disease testing for hematological malignancies, and presence of wide range of tests for blood cancers are factors contributing to the segment’s dominant position in the minimal residual disease testing market.

Among the sample types studied in this report, in 2024, the blood segment is anticipated to dominate the global minimal residual disease testing market. Availability of large number of blood based MRD tests and more patient compliance with blood based MRD tests compared to bone marrow based MRD tests are major factors contributing to the segment’s dominant position in the minimal residual disease testing market.

Among the customer types studied in this report, in 2024, the pharmaceutical & biopharmaceutical companies segment is anticipated to dominate the global minimal residual disease testing market. High investments by pharmaceutical & biopharmaceutical companies in oncology drug development coupled with regulatory authorities promoting the use of MRD testing for clinical trials and high cancer incidence are major factors contributing to the segment’s dominant position in the minimal residual disease testing market.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, and the Rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (UAE, South Africa, Rest of Middle East & Africa). Among the geographies studied in this report, in 2024, North America is anticipated to dominate the global minimal residual disease testing market with a share of 38.8%. High burden of cancer, extensive cancer related R&D activities, high awareness regarding MRD testing and its implementation in routine cancer treatments are major factors contributing to the North America’s dominant position in the minimal residual disease testing market.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=6068

Key questions answered in the report-

What is the current value of revenue generated by the sale of minimal residual disease testing products across the globe?
At what rate is the demand for minimal residual disease testing products projected to grow for the next 5-7 years globally?
What is the historical market size and growth rate for minimal residual disease testing products across the globe?
What are the major factors impacting the growth of this market at the global and regional levels? What are the major opportunities for existing market players and new entrants in the market?
Which segments are creating major traction for the vendors in this market in terms of offering, technology, application, sample type, and customer type?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the vendors operating in the global minimal residual disease testing market?
Who are the major players in the global minimal residual disease testing market? And what are their specific dental equipment offered in the industry?
What recent developments have taken place in the global minimal residual disease testing market, and how these strategic developments are creating a global impact in this market?

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Redding, California - October 30, 2024

Minimal Residual Disease Testing Market to be Worth $4.45 billion by 2031

Minimal Residual Disease Testing Market Size, Share, Forecast, & Trends Analysis By Offering, Technology (PCR, Flow Cytometry, NGS) Application (Lymphoma, Leukemia, Multiple Myeloma, Solid Tumor) Sample (Blood, Bone Marrow) – Global Forecast to 2031

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