Sarasota, FL -- (SBWIRE) -- 03/29/2019 -- Global Immuno Oncology Assays Market: Overview

Immuno Oncology Assays are used when testing immunotherapies as it is often critical to assess the functional cytotoxicity and infiltration capacity. In addition, Immunomodulators effects of these new drugs in combination with already approved ones needs to be carefully assessed before these treatment modalities reach patients. However, there are unlimited possibilities of new combinations, especially in the view of synergy effect observed with double checkpoint inhibition blockade.

Global Immuno Oncology Assays Market: Growth Factors

The growth of the immuno oncology assays market is primarily driven by factors such as the increasing adoption of targeted therapy over traditional therapy and increasing demand for mAbs. However, the high cost of immunotherapy treatment and the high attrition rate in the product development cycle are the major factors that are expected to restrain the growth of this market during the forecast period. Furthermore, the increasing incidence of chronic and infectious diseases, technological advancements in immunoassay instruments and the introduction of novel automated systems, and growth in the biotechnology and biopharmaceutical industries are some the major factors driving the growth of this market. Additionally, massive use of these drugs in research and clinical diagnostics will further steer the growth of immuno oncology assays market in the years ahead.

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The rising prominence of biomarker-based drug development and clinical trials and the emergence of cancer immunotherapy are the key factors driving immuno oncology assays market growth.

Global Immuno Oncology Assays Market: Segmentation

The global immuno oncology assays market can be classified into the product, technology, indication, and application. On the basis of the product, the market is sectored into Consumables and Software. Based on the technology, the market is segmented into Immunoassay, Flow Cytometry, PCR, and Next Generation Sequencing. Indication wise, the immuno oncology assays market is divided into Lung Cancer and Colorectal Cancer. Application wise, the market is sectored into Research and Clinical Diagnostics.

Global Immuno Oncology Assays Market: Regional Analysis

Based on regions, the global immuno oncology assays market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is anticipated to contribute lucratively towards the global immuno oncology assays market over the assessment period, owing to the increasing incidence of chronic diseases and improved healthcare infrastructure. The high number of research projects and the existence of a well-established healthcare infrastructure are projected to accelerate the development of the immuno oncology assays market in North America over the next few years. The development of the biotechnology and pharmaceutical industries are anticipated to accelerate the growth of this region in the coming few years.

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Asia Pacific market is projected to register a promising growth in the coming few years, thanks to the rising number of diagnostic laboratories and hospitals. In addition to this, the rising number of patients is expected to propel the Asia Pacific immuno oncology assays market in the next few years. Furthermore, the Asia Pacific market is estimated to grow at the highest CAGR during the forecast period. The growing number of CROs in the region, increasing awareness about early detection of cancer, and the shift of manufacturers and suppliers focus from developed economies to emerging economies as a result of low-cost treatment are some factors supporting the growth of the market in this region.

Global Immuno Oncology Assays Market: Competitive Players

Key players in the immuno oncology assays market include Thermo Fischer Scientific (U.S.), Roche Diagnostics (Switzerland), Agilent Technologies (U.S,), and Illumina (U.S.).

Global Immuno Oncology Assays Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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