MRD (Minimal Residual Disease) Testing Market Size, Share, Growth, And Industry Analysis, By Type (Flow Cytometry, Polymerase Chain Reaction (PCR) and Next-Generation Sequencing (NGS)), By Application (Specialty Clinics and Hospitals, Diagnostic Laboratories and Research Institutions), Regional Forecast By 2031

Updated On: 15 April 2024

MRD (Minimal Residual Disease) Testing Market Report Overview

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The global MRD (minimal residual disease) testing market size was USD 1261 million in 2021. As per our research, the market is expected to reach USD 6,181.92 million in 2031, exhibiting a CAGR of 15.47% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with MRD (minimal residual disease) testing experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.  The sudden decline in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

The amount of cancer that is still present in the body after therapy can be determined using MRD (minimal residual disease) testing. Doctors can use this data to determine whether additional treatment is necessary. Testing for measurable or minimum residual disease (MRD) is used to determine whether the cancer treatment is effective and to direct future treatment strategies. Leukemia, lymphoma, and myeloma are the three blood malignancies for which MRD testing is most commonly utilized; other diseases are being researched. Because the outcomes can be utilized to customize your therapy, it falls under the category of customized medicine.

Because it has a number of advantages over other approaches, including a quicker turnaround time and a cheaper cost per sample examined, the market is anticipated to grow at a higher CAGR throughout the forecast period. The global MRD testing market is divided into specialty clinics and hospitals, diagnostic laboratories, research institutions, pharmaceutical companies, contract research organizations (CROs), biotechnology companies, academic institutes/universities, government agencies/regulatory bodies, patient advocacy groups/nonprofit organizations, and others, including molecular pathology labs. These segments are divided based on the application of the product. Due to a rise in demand for individualized treatment in all regions, specialty clinics maintained a disproportionately large part of the market.

COVID-19 Impact: Pandemic Induced Government Instructions to Disrupt Supply Chain

Due to mandatory lockdowns and other restrictions set by the relevant regulating bodies in the wake of the recent COVID-19 outbreak, the activities of various industries have either been temporarily suspended or are running with small personnel. This issue is expected to considerably harm the expansion of this industry's revenue, and the MRD Testing Market is no exception. Over the course of this forecast period, the market's revenue growth may also be hampered by the high expenses related to the installation and maintenance of these equipment.

Latest Trends

"Growing Demand for Personalized Medicine to Attract Consumers"

Another significant driving factor for the MRD testing market is the rising desire for personalized treatment. The development of next-generation sequencing technologies has made it possible to pinpoint genetic alterations linked to particular tumors and, consequently, to modify treatment. In the upcoming years, this tendency is probably going to increase demand for MRD testing.

MRD (Minimal Residual Disease) Testing Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into flow cytometry, polymerase chain reaction (PCR) and next-generation sequencing (NGS).

In terms of product, polymerase chain reaction (PCR) is the largest segment.

• By Application Analysis

Based on application, the market can be divided into specialty clinics and hospitals, diagnostic laboratories and research institutions.

In terms of application, clinics and hospitals is the largest segment.

Driving Factors

"Awareness about Benefits of Early Diagnosis to Uplift Market Profile "

People are becoming more and more aware of the value of early detection in raising survival rates from cancer disorders. They are being motivated to seek prompt diagnosis and proper treatment as a result, which is increasing demand for MRD tests. An MRD test can assist establish whether you are in complete remission, whether you are at danger of relapsing, and whether you require additional treatment. The first multiplex polymerase chain reaction test based on next-generation sequencing (NGS). This test aims to identify and quantify particular gene sequences taken from bone marrow of myeloma and acute lymphoblastic leukemia patients. Over the course of the analysis, innovations like this one are projected to support the growth of the global market for minimal residual disease.

"High Incidences of Cancer Worldwide is Estimated to Drive Demand in the Market"

The incidence of cancer has significantly increased globally, and this trend is expected to have a significant impact on the growth of the global market for minimal residual disease throughout the course of the analysis. In the upcoming years, it is projected that cancer patients who are undergoing cancer therapies would boost market growth for minimal residual disease globally. The patient's focus is likely to turn to minor residual disease because polymerase chain reactions, FISH, and flow cytometry can't measure more than 1 in 100,000 cells. Patients are expected to notice more precision in the treatment as a result of the use of novel technology. These elements could have an impact on the worldwide minimal residual market's expansion.

Restraining Factors

"High Cost of Tests to Impede Market Expansion"

Not all labs can perform MRD testing due to its high level of specialization. As a result, the test might need to be forwarded to a provider outside of the network for testing. The insurance may charge for out-of-network services as a result. Before the test is performed, one has to make sure to inquire about insurance coverage and expenses. It's possible that prior approval is needed for the tests. This is anticipated to boost MRD (minimal residual disease) testing market growth.

MRD (Minimal Residual Disease) Testing Market Regional Insights

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"North America to Dominate the Market Due to Potential Market Players"

The MRD (minimal residual disease) testing market share is controlled by North America. This is explained by the existence of important players, the high rate of adoption of cutting-edge technology, and the growing emphasis on medication development. Additionally, one significant element contributing to the increase in this area is the rising incidence of cancer. In North America, it is expected that hundreds of new cases would be diagnosed, and 600 people will die from it, according to a recent report by the American Cancer Society, Inc.

Due to its sizable population base suffering from chronic illnesses including cancer and infectious diseases that require treatment with medications that require MRD testing before being introduced into clinical trials, Asia Pacific is predicted to have profitable growth throughout the projection period. Additionally, there have been more government initiatives designed to hasten medication development processes by using patients from other nations in clinical trials.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

The exponential increase in incidence of hematological malignancies has spurred diagnostic businesses to invest more in the creation of quick, sensitive, and accurate MRD testing methods to help patients enter remission. Invivoscribe, Inc. has been a pioneer in the MRD (minimal residual disease) testing industry and a major competitor in this market thanks to the presence of a diversified product portfolio and intense market penetration. Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• ICON plc (Ireland)
• Invivoscribe (U.S.)
• Bio-Rad Laboratories (India)
• Guardant Health (U.S.)
• LabCorp (U.S.)
• Quest Diagnostics (U.S.)
• Cergentis B.V. (Netherlands)
• Adaptive Biotechnologie (U.S.)
• Asuragen (U.S.)
• Inivata (U.K.)

Report Coverage

This research profiles a report on MRD (minimal residual disease) testing market with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.