The 7 major minimal residual disease markets reached a value of US$ 855.7 Million in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 2,261.0 Million by 2034, exhibiting a growth rate (CAGR) of 9.24% during 2024-2034.
Report Attribute
|
Key Statistics
|
---|---|
Base Year | 2023 |
Forecast Years | 2024-2034 |
Historical Years |
2018-2023
|
Market Size in 2023
|
US$ 855.7 Million |
Market Forecast in 2034
|
US$ 2,261.0 Million |
Market Growth Rate 2024-2034
|
9.24% |
The minimal residual disease market has been comprehensively analyzed in IMARC's new report titled "Minimal Residual Disease Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Minimal residual disease (MRD) is a sub-microscopic disorder referring to the small number of cancer cells that remain in the body after initial treatment. These remaining cells in the body can become active and begin to multiply, which can lead to a relapse in the patients. There are typically no specific symptoms associated with this ailment due to the small number of unhealthy cells. The diagnosis of the condition is very challenging by conventionally employed cytogenetic and morphologic assessments. Hence, this illness can be detected through sensitive methods, such as multi-parametric flow cytometry and real-time quantitative polymerase chain reaction (PCR) assays, which can even determine very tiny amounts of cancer cells in the blood or bone marrow. The healthcare provider may perform MRD testing to monitor the effectiveness of the regimen and adjust the treatment plan if necessary. Other frequently utilized diagnostic procedures include computerized tomography (CT) scans and positron emission tomography (PET) scans.
The escalating cases of hematologic malignancies and the increased medical need to treat these diseases using radiotherapy and chemotherapy are primarily driving the minimal residual disease market. Moreover, the expanding geriatric population, who are prone to chronic health conditions on account of the weakened immune system, is also bolstering the market growth. In addition to this, the widespread adoption of intensive antineoplastic agents, including blinatumomab, imatinib, dasatinib, etc., to kill the residual tumor cells and enhance overall survival is acting as another significant growth-inducing factor. Furthermore, multiple key players are making extensive investments in R&D activities to introduce effective diagnostic tools with increased sensitivity, such as next-generation genetic sequencing, that can detect variations and other gene abnormalities. This, in turn, is also creating a positive outlook for the market. Additionally, the emerging popularity of targeted therapy, involving monoclonal antibodies, for treating the ailment since they can be engineered and designed to inhibit specific molecules that are necessary for cancer cell growth and survival, is further expected to drive the minimal residual disease market in the coming years.
IMARC Group's new report provides an exhaustive analysis of the minimal residual disease market in the United States, EU4 (Germany, Spain, Italy, and France), United Kingdom, and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report, the United States has the largest patient pool for minimal residual disease and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario, unmet medical needs, etc., have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the minimal residual disease market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current minimal residual disease marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Market Insights
Epidemiology Insights
Minimal Residual Disease: Current Treatment Scenario, Marketed Drugs and Emerging Therapies