Thursday, 13 July 2023

Minimal Residual Disease Testing Market Worth $4.50 Billion By 2030

 


The global Minimal Residual Disease Testing Market size is expected to reach USD 4.50 billion by 2030, at a CAGR of 11.45% from 2023 to 2030, according to a new report by Grand View Research, Inc. The adoption of MRD testing as a novel diagnostic and prognostic assay facilitates robust moderation of treatment regimes to treat all kinds of hematological malignancies. Measurement of therapeutic outcomes is critical for the successful adoption of a given cancer therapeutic regime.

MRD generates important molecular information to better understand the cancer conditions and ultimately work towards leveraging treatment outcomes. Therefore, MRD testing is increasingly used as an end-point analysis step in numerous clinical trial studies for oncology-based research and also effectively records the variations in outcomes due to individual genetic characteristics. For instance, in November 2020, Adaptive Biotechnologies Corporation, entered into a collaboration with GlaxoSmithKline plc., to use its clonoSEQ assay for the assessment of residual cancer cells after treatment with GSK’s hematology therapeutics.

Surgical removal of tumors with other associative therapies does not essentially mean, that the cancerous cells are removed completely. Traces of cancer can remain in the body parts and bloodstream. The diagnosis of such residual cells is crucial for deciding upon the need for further rounds of chemotherapy and radiation. Researchers are devising non-invasive tests to effectively detect MRD. For instance, in February 2022, a blood test from C2i Genomics quantified the residual cancer cells after surgical oncology procedures. The C2inform test also achieved the CE mark clearance and is offered as a ‘software-as-a-medical-device’ MRD test in Europe.

Cancer therapeutics are effectively moderated to avoid a residue of tumorous cells using the relevant clinical evidence and are also personalized based on specific progression profiles in an individual. Numerous research studies are driving the need for consideration of individual genetic characteristics for effective treatment. For instance, in October 2022, Adaptive Biotechnologies Corporation partnered with Epic for increasing access to MRD monitoring in blood cancers. Moreover, in February 2021, Natera Inc., collaborated with Personalis Inc., to understand the outcomes of personalized cancer care by integrating the NeXT tumor profiling (by Personalis) and the personalized ctDNA platform Signatera’s diagnostic products (by Natera, Inc.,) for effectively designing the treatment monitoring regime and assessment of MRD.

List of Key Players in the Minimal Residual Disease Testing Market

  • Exact Sciences Corporation
  • GRAIL, LLC
  • Veracyte, Inc.
  • Natera, Inc.
  • Guardant Health
  • F. Hoffmann-La Roche Ltd
  • FOUNDATION MEDICINE, INC.
  • QIAGEN
  • mdxhealth
  • Bio-Techne

Related Press Release Minimal Residual Disease Testing Market Report

Minimal Residue Disease Testing Market Report Highlights

  • The flow cytometry segment held a dominant share in the minimal residual disease testing market in 2022 owing to the high sensitivity and wide applicability of MRD testing
  • The hematological malignancy segment is projected to grow at the fastest rate over the forecast period owing to the increasing prevalence of hematological malignancy
  • The hospitals and specialty clinics segment is the highest revenue-generating segment in 2022 owing to the availability of advanced diagnostic devices and skilled professionals in hospitals and specialty clinics
  • North America dominated the minimal residual disease testing market in 2022, which is attributed to the growing prevalence of hematological malignancies in the region aided by a well-developed reimbursement landscape

Minimal Residual Disease Testing Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 2,199.96 million

Revenue forecast in 2030

USD 4.50 billion

Growth rate

CAGR of 11.45% from 2023 to 2030

Base year for estimation

2022

Historical data

2018 - 2021

Forecast period

2023 - 2030

 

Related Reports@

Respiratory Disease Testing Market

Point of Care Infectious Disease Testing Market

Minimal Residue Disease Testing Market Segmentation

Grand View Research has segmented the global minimal residual disease testing market report based on technology, cancer type, end-use, and region:

Minimal Residual Testing Technology Outlook (Revenue, USD Million, 2018 - 2030)

  • Flow Cytometry
  • Polymerase Chain Reaction (PCR)
  • Next Generation Sequencing (NGS)
  • Others

Minimal Residual Testing Cancer Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Hematological Malignancy
    • Leukemia
    • Lymphoma
  • Solid Tumors

Minimal Residual Testing End-Use Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals and Speciality Clinics
  • Diagnostic Laboratories
  • Academic and Research Institutes
  • Others

Minimal Residual Testing Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Denmark
    • Sweden
    • Norway
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Thailand
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James

Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email:
sales@grandviewresearch.com
For More Information:
https://www.grandviewresearch.com



 

Tuesday, 11 July 2023

Industrial Microbiology Market By bioMerieux SA, Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc., Becton Dickinson and Company, 3M Company


The global Industrial Microbiology Market size is expected to reach USD 19.36 billion by 2030, expanding at a CAGR of 6.9% during the forecast period, according to a new report by Grand View Research, Inc. The increasing discovery and development of vaccines, drugs, and vitamins by the pharmaceutical sector are expected to enhance the demand for industrial microbiology. Additionally, constant innovation in the technology employed for testing is expected to increase the efficiency and effectiveness of microbiology tests in numerous industries.

Industrial microbiology in the food and beverage industry is increasing and is expected to have significant growth during the forecast period. For instance, in November 2022, bioMerieux announced the availability of its product, Bottlesafe, across the globe. The product offers pre-bottling testing for wineries. Bottlesafe provides sufficient insights to verify filtration in less than 4 hours, as compared to 2 to 5 days in traditional microbiological testing. Similarly, the demand for pharmaceutical and biotechnology industries is also increasing. For instance, in August 2022, SpectrumX announced the expansion of its team to maintain product quality through industrial microbiology testing thereby accelerating the overall process of bringing the product to the market.

The COVID-19 pandemic had a significant impact on the market. Industrial microbiology was used for diagnosing COVID-19, majorly through antigen tests, and nucleic acid amplification tests (NAAT). As of January 2021, some of the companies in Japan such as Sysmex Corporation, Kyorin Pharmaceutical Company Limited, and Shimadzu Corporation, made nucleic acid amplification tests available for COVID-19 tests.

The growing strategic initiatives such as production or regional expansion by the companies are anticipated to boost the industrial microbiology market growth in the times to come. For instance, in October 2022, Thermo Fisher Scientific Inc. announced an investment of USD 59 million to expand its lab operations in Kentucky. The expansion is part of the global strategy to offer high-quality central laboratory and biomarker services in the clinical research projects of the customers. The central lab offers services in safety testing including microbiological tests. Moreover, companies have established their central labs in Belgium, Brussels, and Singapore. Thus, increasing regional expansion is also expected to be a strong growth determinant for the industrial microbiology market over the years.

Related Press Release@ Industrial Microbiology Market Report

List of Key players in the Industrial Microbiology Market

  • bioMerieux SA
  • Thermo Fisher Scientific Inc.
  • Bio-Rad Laboratories Inc.
  • Becton Dickinson and Company
  • 3M Company
  • Danaher Corporation
  • Eppendorf AG
  • Merck KGaA
  • Sartorius AG
  • Asiagel Corporation

Industrial Microbiology Market Report Highlights

  • By product, the reaction consumables segment is projected to have the fastest growth rate with a larger market share of industrial microbiology in 2022. Since increasing product development by the existing players to expand the usage of industrial microbiology in various industries
  • By test, the sterility testing segment is anticipated to capture the majority of the industrial microbiology market share in 2022. Owing to the stringent requirements on sterile raw materials and components during drug manufacturing are expected to propel market growth
  • By end-use, the pharmaceutical biotechnology segment is projected to have a majority of the market share in 2022. This is attributed to the presence of well-established regulations on drug discovery and development, and highly monitored industry by the regulatory bodies
  • North America has strengthened its regional position in the market with 46.94% of the overall market share. This is attributed to the growing R&D activities in the industrial microbiology sector, along with the increasing strategic initiative by the existing key players in the region

Related Reports@

Clinical Microbiology Market

Microbiology & Bacterial Culture for Industrial Testing Market

Industrial Microbiology Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 12.15 billion

Revenue forecast in 2030

USD 19.36 billion

Growth rate

CAGR of 6.9% from 2023 to 2030

Base year for estimation

2022

Historical data

2018 - 2021

Forecast period

2023 - 2030

 

Industrial Microbiology Market Segmentation

Grand View Research has segmented the global industrial microbiology market based on product, test, end-use, and region:

Industrial Microbiology Product Scope Outlook (Revenue, USD Million, 2018 - 2030)

  • Equipment and Systems
    • Filtration Pumps and Systems
    • Microbial Detection Systems
    • Air Monitoring Systems
    • Automated Equipment
    • Incubators and Culture Apparatus
    • Others
  • Reaction Consumables
    • Media
    • Reagents and Strains
  • Laboratory Supplies
    • Bags and Bottles
    • Loop and Needles
    • Petri Dishes, Racks, Seals, Plates, and Holders
    • Filtration Disc and Membranes
    • Others

Industrial Microbiology Test Scope Outlook (Revenue, USD Million, 2018 - 2030)

  • Sterility Testing
  • Microbial Limits Testing
  • Bio-burden Testing
  • Water and Environmental Testing

Industrial Microbiology End-use Scope Outlook (Revenue, USD Million, 2018 - 2030)

  • Food and Beverages
  • Pharmaceutical Biotechnology
  • Agricultural
  • Environmental
  • Cosmetic and Personal Care
  • Others

Industrial Microbiology Regional Scope Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Denmark
    • Sweden
    • Norway
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Thailand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James

Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-95196
Email:
sales@grandviewresearch.com
For More Information:
https://www.grandviewresearch.com

Friday, 7 July 2023

Mammalian Polyclonal IgG Antibody Market Worth $1.67 Billion By 2030

 


The global Mammalian Polyclonal Igg Antibody Market size is expected to reach USD 1.67 billion by 2030, registering a CAGR of 5.01% of the overall revenue, according to a new report by Grand View Research, Inc. The industry has witnessed significant growth owing to the development of innovative drugs and increasing government initiatives. Pharma and biotech companies are indulging in rigorous research and development since the antibody-drug conjugate is considered to be the fastest-growing field of the pharmaceutical market.In October 2022, SAB Biotherapeutics announced an exclusive partnership with Emergent BioSolutions Inc. According to the agreement, Emergent BioSolutions is expected to offer end-to-end services of Contract Development and Manufacturing (CDMO) to produce polyclonal antibody-based products.

The partnership will enable SAB Biotherapeutics to primarily focus on the research and development of the polyclonal antibody drug pipeline. As of October 2022, the company is conducting various clinical-stage programs in the treatment of influenza, acute and recurrent C. diff., Type 1 diabetes and researching potential candidates in oncology and immunology. The COVID-19 pandemic surged the use of polyclonal antibodies across the globe. For instance, in July 2022, GigaGen Inc. announced the publication of research showcasing its studies of GIGA-2050, recombinant polyclonal antibodies for COVID-19. According to the research, the GIGA-2050 has an effective manufacturing approach to treating infectious diseases by targeting numerous viral epitopes.

The company has leveraged its existing technology to develop medicines for infectious diseases. Key companies are continuously expanding their product and service portfolios to accelerate the development and manufacturing of the product. For instance, in October 2022, Amerigo Scientific, a distributor, introduced its recent development of polyclonal antibodies to human blood coagulation factor XIII to assist professionals in the area of life science for detecting blood coagulation factor XIII. However, the product is solely for research purposes and not for therapeutic or diagnostics. The development of this product is expected to strengthen the company’s position in biomedical research applications.

Related Press Release@ Mammalian Polyclonal IgG Antibody Market Report

Mammalian Polyclonal IgG Antibody Market Report Highlights

  • Based ontypes, the mouse segment is expected to register the fastest CAGR during the forecast period. The growth is attributed to the similar characteristic of its immune system as humans, resulting in low variation of the outcome during the trials
  • Basedon products, the metabolic biomarkers segment captured the largest share in 2022 due to the high incidence of chronic diseases
  • The ELISA applicationsegment is estimated to hold the largest share by2030. As it offers more accurate diagnoses of diseases, such as AIDS, Lyme disease, Rocky Mountain spotted fever, chickenpox, squamous cell carcinoma, syphilis, shingles, and other infections, than other antibody-based assays.
  • The pharma & biotech companies end-user segment held the highest share in 2022and is likely to remain dominant over the forecast period
  • Companies are focusing on the adoption of smarter, novel, and advanced approaches for the development of new diagnostic tests & drugs
  • North America dominated the industry in 2022 due to the presence of prominent players, advanced healthcare infrastructure, and high healthcare expenditure
  • Asia Pacific is expected to register the fastest CAGR over the forecast period due to untapped opportunities, rising healthcare expenditure, and the growing regional presence of major global players

Mammalian Polyclonal IgG Antibody Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 1.18 billion

Revenue forecast in 2030

USD 1.67 billion

Growth rate

CAGR of 5.01% from 2023 to 2030

Base year for estimation

2022

Historical data

2018 - 2021

Forecast period

2023 - 2030

 

 

 

Related Reports@
Antinuclear Antibody Test Market

Antibody Drug Conjugates Market

Mammalian Polyclonal IgG Antibody Market Segmentation

Grand View Research has segmented the global mammalian polyclonal IgG antibody market on the basis of type, product, application, end-user, and region:

Mammalian Polyclonal IgG Antibody Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Goat
  • Rabbit
  • Horse
  • Mouse
  • Others

Mammalian Polyclonal IgG Antibody Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Cardiac Biomarkers
  • Metabolic Biomarkers
  • Renal Markers
  • Others

Mammalian Polyclonal IgG Antibody Application Outlook (Revenue, USD Million, 2018 - 2030)

  • ELISA
  • Immunoturbidometry
  • Immunoelectrophoresis
  • Antibody Identification
  • Immunohistochemistry
  • Immunocytochemistry
  • Western Blotting

Mammalian Polyclonal IgG Antibody End-user Outlook (Revenue, USD Million, 2018 - 2030)

  • Pharmaceutical & Biotechnology Companies
  • Hospitals
  • Diagnostic Centers
  • Academic & Research Centers

Mammalian Polyclonal IgG Antibody Regional Scope Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Denmark
    • Sweden
    • Norway
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Thailand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James

Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-95196
Email:
sales@grandviewresearch.com
For More Information:
https://www.grandviewresearch.com



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