Global Immuno Oncology Assays Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Consumables and Software.

By Technology;

Immunoassay, PCR, NGS, Flow Cytometry and Others.

By Indication;

Colorectal Cancer, Lung Cancer, Melanoma, Bladder Cancer and Others.

By Application;

Clinical Diagnostics and Research.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn639325262 Published Date: February, 2025 Updated Date: March, 2025

Introduction

Global Immuno Oncology Assays Market (USD Million), 2021 - 2031

In the year 2024, the Global Immuno Oncology Assays Market was valued at USD 5,860.31 million. The size of this market is expected to increase to USD 11,132.55 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.6%.

The global immuno-oncology assays market is experiencing rapid growth driven by advancements in cancer immunotherapy and the increasing prevalence of cancer worldwide. Immuno-oncology assays play a crucial role in the development and assessment of immunotherapy treatments, which harness the body's immune system to fight cancer cells. These assays enable researchers and clinicians to evaluate immune response biomarkers, assess tumor microenvironments, and predict patient responses to immunotherapies such as immune checkpoint inhibitors, CAR-T cell therapies, and cytokine-based therapies.

Key factors contributing to the growth of the immuno-oncology assays market include rising investments in research and development by biotechnology and pharmaceutical companies, as well as government initiatives aimed at advancing cancer immunotherapy. Additionally, the growing incidence of various types of cancers, coupled with the increasing adoption of personalized medicine approaches, further fuels market expansion. Technological advancements in assay platforms, such as flow cytometry, next-generation sequencing (NGS), and multiplex assays, are also enhancing the sensitivity and specificity of immuno-oncology assays, thereby driving their adoption in clinical settings.

North America dominates the immuno-oncology assays market, primarily due to substantial investments in healthcare infrastructure, supportive government policies, and a high prevalence of cancer cases. However, the Asia-Pacific region is expected to witness significant growth during the forecast period, driven by increasing healthcare expenditure, rising awareness about cancer immunotherapy, and improving healthcare facilities. Overall, the immuno-oncology assays market is poised for robust expansion as the demand for personalized cancer treatments continues to rise, supported by ongoing advancements in assay technologies and therapeutic approaches.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Indication
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Global Immuno Oncology Assays Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing prevalence of cancer worldwide
        2. Advancements in cancer immunotherapy
        3. Rising investments in research and development
        4. Growing adoption of personalized medicine
        5. Technological advancements in assay platforms
      2. Restraints
        1. High cost of immuno-oncology assays
        2. Stringent regulatory requirements
        3. Limited reimbursement policies
        4. Complexity in interpreting assay results
        5. Challenges in standardization of assays
      3. Opportunities
        1. Expansion in emerging markets
        2. Development of companion diagnostics
        3. Integration of artificial intelligence in immuno-oncology assays
        4. Biomarker discovery and validation
        5. Collaboration and partnerships in research and development
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Immuno Oncology Assays Market, By Product, 2021 - 2031 (USD Million)
      1. Consumables
      2. Software
    2. Global Immuno Oncology Assays Market, By Technology, 2021 - 2031 (USD Million)
      1. Immunoassay
      2. PCR
      3. NGS
      4. Flow Cytometry
      5. Others
    3. Global Immuno Oncology Assays Market, By Indication, 2021 - 2031 (USD Million)
      1. Colorectal Cancer
      2. Lung Cancer
      3. Melanoma
      4. Bladder Cancer
      5. Others
    4. Global Immuno Oncology Assays Market, By Application, 2021 - 2031 (USD Million)
      1. Clinical Diagnostics
      2. Research
    5. Global Immuno Oncology Assays Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Merck & Co., Inc.
      2. Thermo Fisher Scientific Inc.
      3. F. Hoffmann-La Roche Ltd.
      4. Agilent Technologies, Inc.
      5. Abbott Laboratories
      6. Illumina, Inc.
  7. Analyst Views
  8. Future Outlook of the Market