Report ID: UCMIG35A2691
Report ID:
UCMIG35A2691 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global hemato oncology testing market was valued at USD 2.5 billion in 2019 and is projected to experience a compound annual growth rate (CAGR) of 14.6% from 2020 to 2027. Hemato oncology pertains to the scientific field that deals with the diagnosis, treatment, and prevention of blood-related conditions, including cancer. The market is expected to expand during the forecast period due to the rising incidence of lymphoma and myeloma. Among these, Non-Hodgkin lymphoma (NHL) is considered one of the most prevalent cancer types, accounting for nearly 4.0% of all cancer cases in the U.S., according to the American Cancer Society. In 2019, approximately 74,200 individuals, comprising 41,090 men and 33,110 women, were diagnosed with NHL.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35A2691