The hemato-oncology testing market was valued at $3.17 billion in 2023 and is projected to grow to $9.78 billion by 2033. This growth reflects an anticipated compound annual growth rate (CAGR) of 12.4% from 2024 to 2033.
Download statistics of this report @ https://www.towardshealthcare.com/download-statistics/5123
Insight Highlights:
- Service offerings currently hold the leading position, accounting for a significant 58% market share in 2023.
- Leukemia, a type of blood cancer, remains the most prevalent target, capturing a 40% market share in 2023.
- PCR (polymerase chain reaction) technology reigns supreme in the testing methods, holding a commanding 45% share in 2023 due to its accuracy and efficiency.
In 2024, non-Hodgkin lymphoma (NHL) comprised about 4% of all US cancers, with an estimated 80,620 new cases and 20,140 deaths. Early diagnosis and effective treatments have decreased NHL incidence and mortality rates.
In 2024, non-Hodgkin lymphoma (NHL) is projected to account for about 4% of all cancers in the US, with an estimated 80,620 new cases and 20,140 deaths. Early diagnosis and effective treatments have decreased NHL incidence and mortality rates.
Hemtao oncology is a medical specialty that diagnoses, treats, and manages cancers and blood disorders. Hemato oncology doctors are specially trained to handle various conditions related to blood cancers (like leukemia, lymphoma, and myeloma) and other types of cancers. They use treatments such as chemotherapy, targeted therapy, immunotherapy, radiation therapy, and stem cell transplantation to help patients. This field requires a good understanding of how cancer and blood disorders work, and hemato oncology often works closely with other specialists to provide the best care possible for patients.
It’s super important to catch cancers and blood disorders early for many reasons. First, we can start treatment sooner when we find them early, which usually leads to better outcomes. Sometimes, we can even cure the cancer if we catch it early enough. When cancer is caught early, it’s less likely to spread to other parts of the body, which makes treatment more accessible and lowers the chances of bad stuff happening. Early treatment also helps people feel better faster and improves their overall quality of life. If we don’t treat blood disorders quickly, they can cause all sorts of problems like anemia or bleeding issues that mess with daily life. Another significant benefit of catching these things early is that it opens up more options for treatment. Some treatments work better in the early stages, so the sooner we see it, the more choices we have. And let’s not forget about the money side of things – treating these conditions early can save a lot of money in the long run by avoiding extensive, expensive treatments or hospital stays down the road. So yeah, catching cancers and blood disorders early is a huge deal.
When more people need treatments for cancers and blood disorders, the market for stuff related to hematology gets bigger, too. Big drug companies spend money on new drugs and medicines that work better. Other medical tool companies are also trying to create better machines to find and monitor these problems early. And because more people need help, doctors who know much about hemato oncology get busier. They’re in demand for things like talking to patients, doing tests, and giving treatments. So, as more people need help with these conditions, everyone involved in treating them gets busier, too.
More People are Getting Hemo-oncological Cases Nowadays
The rising prevalence of cancer, including Hodgkin lymphoma (HL) and non-Hodgkin lymphoma (NHL), is mainly due to various factors like people getting older, changes in lifestyle, and exposure to certain things in the environment. As people live longer, their chances of developing cancers, including lymphomas, increase. Lifestyle factors like smoking, unhealthy diets, and lack of exercise also contribute to the risk. Environmental factors such as pollution and exposure to chemicals can play a role, too.
For Hodgkin lymphoma, while it’s not as common as some other cancers, its prevalence is still affected by these factors. It mainly affects young adults and older people.
- In 2020, according to the National Cancer Institute, approximately 223,512 people were living with Hodgkin lymphoma in the United States. Every year, about 2.5 out of every 100,000 men and women are diagnosed with Hodgkin lymphoma, and about 0.3 out of every 100,000 men and women die from it. These numbers were adjusted for age based on cases and deaths from 2016 to 2020.
Recent Developments
- In 2021, QIAGEN N.V. from Germany and Denovo Biopharma LLC from the U.S. worked together to create a blood test that helps doctors treat diffuse large B-cell lymphoma (DLBCL), a common type of cancer.
- In 2021, Illumina, Inc. from the U.S. bought GRAIL, another U.S. company. Additionally, QIAGEN worked with DeNovo to develop a blood test for treating DLBCL.
- In 2020, Thermo Fisher Scientific Inc. from the U.S. and First Genetics JCS from Russia teamed up with First Genetics to sell genetic tests in Russia.
Hemato Oncology Testing Market Companies
- F. Hoffmann-La Roche Ltd.
- Qiagen N.V.
- Abbott
- EntroGen, Inc.
- Illumina Inc.
- Thermo Fisher Scientific, Inc.
- Bio-Rad Laboratories
- Sysmex Corporation
- Danaher Corporation
- Beckman Coulter, Inc.
Discover our detailed Table of Contents (TOC) for the Industry, providing a thorough examination of market segments, material, emerging technologies and key trends. Our TOC offers a structured analysis of market dynamics, emerging innovations, and regional dynamics to guide your strategic decisions in this rapidly evolving healthcare field – https://www.towardshealthcare.com/table-of-content/hemato-oncology-testing-market-sizing
To own our research study instantly, Click here @ https://www.towardshealthcare.com/price/5123
You can place an order or ask any questions, please feel free to contact us at sales@towardshealthcare.com
About Us
Towards Healthcare is a leading global provider of technological solutions, clinical research services, and advanced analytics to the healthcare sector, committed to forming creative connections that result in actionable insights and creative innovations. We are a global strategy consulting firm that assists business leaders in gaining a competitive edge and accelerating growth. We are a provider of technological solutions, clinical research services, and advanced analytics to the healthcare sector, committed to forming creative connections that result in actionable insights and creative innovations.
Explore the comprehensive statistics and insights on healthcare industry data and its associated segmentation: Get a Subscription
For Latest Update Follow Us: https://www.linkedin.com/company/towards-healthcare
