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.

An improved understanding of the competitive environment in the worldwide Minimal Residual Disease market resulted from the collection and analysis of all the data using SWOT analysis. The sources of future market development were found, and distant competitors' risks also became apparent. The important trends and developments examined demonstrate the market's apparent strategic orientation. Market data was completed by gathering market background information and using current norms, policies, and trends of other major markets for cross-references.

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Competitive Terrain:

The global Minimal Residual Disease industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

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

Additional information offered by the report:

  • Along with a complete overview of the global Minimal Residual Disease market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
  • The report elaborates on the global Minimal Residual Disease market size and share governed by the major geographies.
  • It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
  • It further presents a detailed description of the company profiles of the key market contenders.

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Segments Covered in this report are:

  • Indication Outlook (Revenue, USD Million; 2019–2030)

    • Leukemia
      1. Acute Lymphoblastic Leukemia (ALL)
      2. Chronic Lymphoblastic Leukemia (CLL)
      3. Acute Myeloid Leukemia (AML)
      4. Chronic Myeloid Leukemia (CML)
      5. Others
    • Lymphoma
      1. Non-Hodgkin’s Lymphoma (NHL)
      2. Marginal Zone Lymphoma
      3. Follicular Lymphoma
      4. Peripheral T-cell Lymphoma
      5. Mantle Cell Lymphoma
      6. 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

Radical Highlights of the Minimal Residual Disease Market Report:

  • Comprehensive overview of the Minimal Residual Disease market along with analysis of the changing dynamics of the market
  • Growth Assessment of various market segments throughout the forecast period
  • Regional and global analysis of the market players, including their market share and global position
  • Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
  • Impact of the technological developments and R&D advancements on the Minimal Residual Disease market
  • Information about profit-making strategies and developmental strategies of major companies and manufacturers
  • Insightful information for the new entrants willing to enter the market
  • Details and insights about business expansion strategies, product launches, and other collaborations
  • The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.