Hospital segment dominated the Asia –Pacific Oncology Molecular Diagnostics Market

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Asia-Pacific Oncology Molecular Diagnostics Market

GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST 2022-2031 KNOW MORE

CURRENT AND FUTURE MARKET SCENARIO 

The global Asia-Pacific oncology molecular diagnostics market size was valued at $610.71 Million in 2021.

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The global Asia-Pacific oncology molecular diagnostics market is estimated to reach $1.24 Billion by 2031.

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The global Asia-Pacific oncology molecular diagnostics market registering a CAGR of 7.3% from 2022 to 2031. 

FACTORS CONTRIBUTING TO MARKET GROWTH

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Increase in prevalence of different kinds of cancers, increase in geriatric population, and growth in biomarker identification system and changed lifestyle, as well as technological advancements in molecular diagnostics techniques accelerate the oncology molecular diagnostics market growth.

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The support of government and key players for the development of the advanced technologies for the diagnosis and management of cancer population also boost the Asia-Pacific oncology molecular diagnostics market growth.

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ASIA –PACIFIC ONCOLOGY MOLECULAR DIAGNOSTICS MARKET SEGMENTATION

• • • • •

BY APPLICATION

BY TYPE

BY END USER

Colorectal Cancer Hematological Cancer Breast Cancer Lung Cancer Other Cancers

• Polymerase Chain Reaction (PCR) • Next Generation Sequencing (NGS) • Fluorescence In situ Hybridization (FISH) • Spectrometry • Others

• Hospitals • Reference Laboratories • Others (Research Institute and Academic Institute)

DOMINATING SEGMENTS

POLYMERASE CHAIN REACTION

By type, the polymerase chain reaction (PCR) segment dominated the market in 2021, owing to increase in adoption of PCR as it offers various advantages such as it is less time-consuming, requires low concentration of sample for test, and is easy to handle for cancer diagnosis.

HOSPITAL SEGMENT

By end user, the hospital segment dominated the market in 2021, and is expected to continue this trend during the forecast period.

GEOGRAPHICAL OVERVIEW 

Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Country wise, rest of Asia-Pacific dominated the market in 2020, owing to increase in adoption and acceptance of personalized medicine, upgradation of healthcare infrastructure, and higher investments for R&D. Furthermore, increase in prevalence of cancer in this region is expected to boost the AsiaPacific oncology molecular diagnostics market during the forecast period.

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LEADING MARKET PLAYERS 

Abbott Laboratories BioMerieux,

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Amoy Dx,

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F.Hoffmann-LA Roche Ltd,

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Siemens Healthcares, Danaher Corporation,

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Diasorin SP, Thermo Fisher,

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Agilent Technologies Inc Sysmex Corporation

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Illumina Inc

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Qiagen N.V

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A Report Titled “Asia-Pacific Oncology Molecular Diagnostics Market- Global Opportunities And Forecasts, 2022-2031” Has Been Recently Published By Allied Market Research. It Makes An In-depth Analysis Of Current Trends, Drivers, And Restraining Factors That Affect Financial Ratios Relevant To The Industry. Company Profiles For Key Vendors In Business Builds A Comprehensive Picture Of Profitable Opportunities From Stakeholder’s Perspective.

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