The global Minimal Residual Disease (MRD) market size was USD 1,095.3 Million in 2021 and is expected to register a revenue CAGR of 16.04% during the forecast period, according to the latest analysis by Emergen Research. Rising R&D activities and increase in research funding from various cancer institutes are major factors projected to support market revenue growth between 2021 and 2030. For instance, Invitae Corporation, based in the U.S., started a research in February 2022 to collect actual data on tailored minimal residual disease diagnostics for distinct tumor types. Inivata also introduced RaDaR assay in April 2020 to identify and track residual disease and relapse in plasma samples of patients with prior cancer diagnoses. In addition, RaDaR assay is based on next-generation sequencing platform InVision liquid biopsy, developed by Inivata, which has built-in control and error checking for highly sensitive and precise variant detection. Moreover, to improve testing and detection outcomes, companies competing in the worldwide MRD testing market are concentrating more on disease-specific and tailored diagnostic kits, which is also expected to drive revenue growth of the market.
The Minimal Residual Disease Market report furthermore covers an inside examination of the vital contenders of the market alongside their development systems and business extension plans. In particular, the archive engages entrepreneurs to look for data about possible shoppers and where they can track down them. With a selective inclusion of the top sellers, the review empowers entrepreneurs to find out about the neighbourhood market and find expected shoppers.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Minimal Residual Disease market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Adaptive Biotechnologies, ARUP Laboratories, Bio-Rad Laboratories, Inc., Cergentis B.V., F. Hoffmann-La Roche Ltd., ICON Plc, Invivoscribe, Inc., Laboratory Corporation of America Holdings, Mission Bio, Natera, Inc., NeoGenomics Laboratories, OPKO Health, Inc., and Sysmex Corporation
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Emergen Research has segmented the global Minimal Residual Disease market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
Indication Outlook (Revenue, USD Million; 2019–2030)
Leukemia
Acute Lymphoblastic Leukemia (ALL)
Chronic Lymphoblastic Leukemia (CLL)
Acute Myeloid Leukemia (AML)
Chronic Myeloid Leukemia (CML)
Others
Lymphoma
Non-Hodgkin’s Lymphoma (NHL)
Marginal Zone Lymphoma
Follicular Lymphoma
Peripheral T-cell Lymphoma
Mantle Cell Lymphoma
Others
Multiple Myeloma (MM)
Solid Tumor
Others
Detection Outlook (Revenue, USD Million; 2019–2030)
Next-Generation Sequencing (NGS)
Flow Cytometry
Polymerase Chain Reaction (PCR)
Fluorescence In-Situ Hybridization (FISH)
Others
Treatment Methods Outlook (Revenue, USD Million; 2019–2030)
Chemotherapy
Stem Cell Transplant
CAR-T Cell Therapy
Others
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
Analysis and estimation of the Minimal Residual Disease Market size and share for the projected period of 2022-2030
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Minimal Residual Disease Market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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