Global Oncology Blood Testing Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Indication;

Immunodeficiency Disorders, Chronic infections, Cancer and Organ Transplantation.

By Distribution Channels;

Hospital Pharmacies, Retail Pharmacies, Drug Stores and Online Pharmacies.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn305921811 Published Date: February, 2025 Updated Date: March, 2025

Introduction

Global Oncology Blood Testing Market (USD Million), 2021 - 2031

In the year 2024, the Global Oncology Blood Testing Market was valued at USD 4,855.48 million. The size of this market is expected to increase to USD 12,598.31 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 14.6%.

The Global Oncology Blood Testing Market Growth refers to the expanding market dedicated to the use of blood-based tests in oncology for diagnostic, prognostic, and monitoring purposes. This market encompasses a wide array of tests designed to detect various biomarkers, circulating tumor cells (CTCs), circulating tumor DNA (ctDNA), and other molecular signatures in blood samples. These tests play a crucial role in revolutionizing cancer care by offering non-invasive and relatively rapid methods for assessing cancer status and guiding treatment decisions. As advancements in molecular biology and technology continue, the market for oncology blood testing is poised for significant growth, driven by the increasing incidence of cancer worldwide and the growing demand for personalized medicine approaches.

Oncology blood testing has gained prominence due to its ability to provide real-time insights into cancer progression, treatment response, and recurrence monitoring without the need for invasive procedures. This market segment is witnessing rapid innovation with the development of new biomarkers and improved testing technologies that enhance sensitivity, specificity, and clinical utility. The integration of artificial intelligence (AI) and machine learning algorithms further enhances the predictive power of these tests, paving the way for more precise and personalized cancer management strategies globally.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Indication
    2. Market Snapshot, By Distribution Channels
    3. Market Snapshot, By Region
  4. Global Oncology Blood Testing Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Cancer Incidence
        2. Advancements in Technology
        3. Shift towards Personalized Medicine.
        4. Supportive Regulatory Environment
      2. Restraints
        1. High Costs:
        2. Regulatory Challenges
        3. Limited Awareness and Adoption:
        4. Data Privacy Concerns
      3. Oppourtunities
        1. Expansion in Emerging Markets
        2. Integration of AI and Machine Learning
        3. Collaborative Research Initiatives
        4. Focus on Early Detection and Screening
    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 Oncology Blood Testing Market, By Indication, 2021 - 2031 (USD Million)
      1. Immunodeficiency Disorders
      2. Chronic infections
      3. Cancer
      4. Organ Transplantation
    2. Global Oncology Blood Testing Market, By Distribution Channels, 2021 - 2031 (USD Million)
      1. Hospital Pharmacies
      2. Retail Pharmacies
      3. Drug Stores
      4. Online Pharmacies
    3. Global Oncology Blood Testing 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 (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Pfizer Inc
      2. Step-Pharma
      3. Novartis AG
      4. Abbott
      5. Amgen
      6. Biogen
      7. Johnson & Johnson
      8. Merck & Co.
      9. Eli Lilly and Company
      10. Hoffmann-La Roche Ltd
      11. Bristol-Myers Squibb Company
  7. Analyst Views
  8. Future Outlook of the Market