Oncology Blood Testing Market is Set to Experience Revolutionary Growth by 2027

VALLEY COTTAGE, N.Y. – Oncology Blood Testing: Market Insights

Oncology blood testing is a revolutionary diagnostic technique to detect cancer in early stages. For early detection of cancer, liquid biopsies have become a popular diagnostic tool. Unlike conventional invasive biopsies, liquid biopsies involve blood drawn from the body of suspected patient and is less invasive as compared to the conventional biopsies.  As cancer is a life-threatening, it has to be diagnosed in time and proper treatment should be given in order to be treated. A wide range of oncology blood tests are available in the market to screen cancerous cells in the blood. Some major types of blood tests for detection of cancer includes complete blood count test, blood protein test, tumor marker test, CTC – based test, non-invasive prenatal test, liquid biopsy assays, and exom-based liquid biopsy and thereby contribute majorly to the revenue generation in oncology blood testing market.

Also, oncology blood testing find vast applications in early stage diagnosis of various life-threatening cancers including lung cancer, breast cancer, colon cancer, ovarian cancer and others. The latest research and advancements in human genome sequencing has enabled researchers to diagnose the genetic mutations of distinct cancers. The advanced human genome sequencing with the ability to detect cancerous cells in the blood volume is anticipated to generate large revenues in the oncology blood testing market. The liquid biopsies are done commercially but on a limited basis to detect and treat Stage III or Stage IV cancers. A large number of liquid biopsy tests are currently under clinical trials and would be commercialized soon in the coming years, fuelling the revenue growth in global oncology blood testing market. However, based on the end users, these oncology blood tests are performed largely in hospitals, diagnostic laboratories and specialty clinics.

Download the sample copy of Report with table of contents and Figures @  https://www.futuremarketinsights.com/reports/sample/rep-gb-6449

Oncology Blood Testing: Market Dynamics

Increasing capability of early detection of cancer via oncology blood tests that enables instant treatment decisions, growing prevalence of cancer among people over the globe, increasing production of oncology blood testing assays and kits with capability of being efficient diagnostic tool for cancer detection in blood are some of the major factors expected to drive the growth of oncology blood testing market. Introduction of rapid and technologically advanced liquid biopsy assay, growing awareness about less invasive blood diagnostic tests and increased expenditure in oncology blood screening R&D activities is further propelling the growth of oncology blood testing market. Also, rise in demand for oncology blood testing in the hospitals and diagnostic laboratories is also expected to drive the growth of market. However, large number of diagnostic tools to detect cancer using blood sample are still under development and clinical trial stage, and are not available commercially, thereby restraining the oncology blood testing market growth.

Oncology Blood Testing Market: Segmentation

The global oncology blood testing market is segmented by test type, application and end user.

Preview Analysis of Oncology Blood Testing Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027: https://www.futuremarketinsights.com/reports/oncology-blood-testing-market

Oncology Blood Testing Market: Overview

Based on test type, liquid biopsies are most commonly used methods for oncology blood testing in the oncology blood testing market owing to the rapid and accurate results obtained from these tests performed. Liquid biopsy is performed to detect cancer at an early stage as it is capable of detecting cancer-related DNA and proteins present in the blood. The diagnostic labs segment in end user is expected to register largest revenue shares in oncology blood testing market owing to the increased entry of outpatient samples for early diagnosis of cancer, thereby fueling the oncology blood testing market across the globe.

Oncology Blood Testing Market: Region-wise Outlook

On the basis of geography, global Oncology Blood testing market is segmented into seven key regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa. North America is projected to hold largest shares in the global oncology blood testing market primarily due to growing population of cancer patients in the region that necessitates need to meet high demand for advanced diagnostic technologies to prevent, diagnose and treat cancer.

Buy this report @ https://www.futuremarketinsights.com/checkout/6449

North America is followed by Europe which registers second largest shares in global oncology blood testing market worldwide owing to the easy regulatory approval for in vitro cancer diagnostics in Europe. However, Asia Pacific is expected to experience a robust growth over the forecast period in global oncology blood testing market.

Oncology Blood Testing Market: Key Players

Some of the key players present in global Oncology Blood testing market are Guardant Health Inc., Trovagene Inc., Genomic Health Inc., Foundation Medicine Inc., Exosome Diagnostics, Pathway Genomics Corporation and others.

Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you:  https://www.futuremarketinsights.com/askus/rep-gb-6449

More from Healthcare, Pharmaceuticals and Medical devices:

• Pharmacovigilance Market
• Hyperbaric Oxygen Therapy Devices Market
• Neurointerventional Devices Market

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us

Mr. Abhishek Budholiya
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44-(0)-20-7692-8790 
Sales: sales@futuremarketinsights.com  
Press Office: Press@futuremarketinsights.com  
Blog: Market Research Blog  
Website: https://www.futuremarketinsights.com/