PD-L1 Biomarker Testing Market Poised to Reach New Heights, Projected at US$ 1.58 Billion by 2033

PD-L1 Biomarker Testing Market

The PD-L1 biomarker testing market sale is expanding rapidly and is becoming increasingly important in the context of cancer diagnosis and treatment. PD-L1 biomarker testing is an essential component of immuno-oncology that guides the selection of immune checkpoint inhibitors as a treatment approach by determining the expression levels of PD-L1 in tumour cells. By the end of 2022, the market for PD-L1 biomarker testing is expected to be worth US$ 597.9 million. The market is expected to expand at a compound annual growth rate (CAGR) of 9.14% between 2023 and 2033, reaching a market size of over US$ 1.58 billion by that time.

The PD-L1 biomarker testing market is experiencing significant growth due to its crucial role in guiding cancer treatment decisions. PD-L1 biomarker testing helps identify patients who are likely to respond to immunotherapy, allowing for more personalized and effective treatment strategies. As the importance of immunotherapy continues to rise in oncology, the demand for PD-L1 testing is expected to increase. Additionally, ongoing advancements in technology and the development of novel biomarkers are further driving market expansion.

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Rising technological advancements in immunotherapy are propelling the adoption PD-L1 biomarker testing for non-small cell lung cancer as an effective means for therapeutic usage of PD-L1 proteins for benign lesions or tumor identification. Moreover, the unmet needs of cancer treatments are addressed by the growing availability of high-quality immunotherapy products worldwide. Lifestyle changes, such as physical inactivity, tobacco consumption and smoking, as well as unhealthy diet are prime factors responsible for the growing burden of cancerous indications in the current scenario.

The emergence of cancer immunotherapy has advanced the diagnostic approach to cancer detection and management, thus propelling the growth in the PD-L1 biomarker testing market. Key players operating in the market space are focusing on the development or extension of novel biologics using existing biologic resources for innovative product identification and provision of patented therapies.

Furthermore, the occurrence of adverse conditions such as organ failure and relapse into cancer through the process of chemotherapy is anticipated to fuel the adoption of PD-L1 biomarker testing among major healthcare facilities worldwide.

“Growing advancements in the field of oncology, along with accurate prediction insights offered by automated systems for biomarker testing will boost the sales of PD-L1 biomarker testing in the forthcoming years” says an Sabyasachi Ghosh.

Key Takeaways:

• Based on product, PD-L1 22C3 assay kits segment is projected to account for over 53% of the market share by 2032, with sales increasing at a 10.2% CAGR over the forecast period.
• In terms of indication, the NSCLS segment held 61.9% of the total market share in 2021, and the trend is expected to continue over the assessment period.
• By end user, sales in the cancer research institutes segment accounted for 43.2% of the total market share in 2021.
• North America is slated to be the largest leading region with a value share of over 61%, spearheaded by the U.S.
• Sales in the U.K. will increase at a 10% CAGR over the assessment period.
• China will emerge as a lucrative market, with demand growing at a 10.9% CAGR over the forecast period.

Competition Landscape

Leading players operating in the market are actively working in coherence with researchers to be able to acquire enhanced and innovative concepts to widen the therapeutic actions of the product. For instance:

• In May 2020, F. Hoffman-La Roche AG acquired Stratos Genomics to develop DNA-based sequencing for diagnostic use.
• In July 2020, Abcam plc. And Cancer Research UK partnered for the development and commercialization of novel antibodies to accelerate cancer research.

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Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2032. The global PD-L1 biomarker testing market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

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The study provides compelling insights on PD-L1 biomarker testing market segment based on product (PD-L1 22C3 assay kit, PD-L1 28-8 assay kit, PD-L1 SP142 assay kit and PD-L1 263 assay kit), indication (NSCLS, melanoma, renal cell carcinoma, gastrointestinal tract malignancy, haematological malignancies, ovarian cancer and others), end user (hospitals, diagnostic laboratories and cancer research institutes) across seven major regions.

Key Market Segments Covered In PD-L1 Biomarker Testing Industry Research

By Product:

• PD-L1 22C3 Assay Kit
• PD-L1 28-8 Assay Kit
• PD-L1 SP142 Assay Kit
• PD-L1 263 Assay Kit

By Indication:

• NSCLS
• Melanoma
• Renal Cell Carcinoma
• Gastrointestinal tract Malignancy
• Haematological Malignancies
• Ovarian Cancer
• Other

By End User:

• Hospitals
• Diagnostic Laboratories
• Cancer Research Institutes

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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