By region, the study segments the market into North America, Europe, Asia-Pacific, and the Rest of the World. In North America, the minimal residual disease testing market held the largest market share in 2022 due to the presence of major players in the US such as Adaptive Biotechnologies (US), Sysmex Inostics, Inc. (US), Arup Laboratories Inc. (US), ArcherDX, Inc. (US), and Asuragen Inc. (US). Additionally, the rising incidences of lymphoma and leukemia are driving the growth of the North America region.
As per the American Cancer Society's estimated that there were 59,610 new cases of leukemia and 23,710 deaths from leukemia in the US in 2023. Further, 20,380 cases of acute myeloid leukemia were reported in 2023.
Hence, the presence of major players in the region and increasing incidences of cancer are fostering the growth of the North American minimal residual disease testing market.
Further, the major countries studied are: The US, Canada, France, Germany, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
FIGURE 3: MINIMAL RESIDUAL DISEASE TESTING MARKET, BY REGION, 2022 & 2032 (USD BILLION)

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review
The European minimal residual disease testing market accounted for the second-largest market share due to the growing geriatric population. The incidences of blood related cancers increase with increases in age. The risk of leukemia is more than 10 times higher in people over the age of 65 than in people under the age of 45. In September 2022, it has been estimated by the World Economic Forum that more than 30% of the European population are expected to be 65 or older by 2100. Thus, growing geriatric population will create greater opportunities for the Europe market during the forecast period.
Moreover, the Germany minimal residual disease testing market held the largest market in 2022, and the France minimal residual disease testing market is projected to be the fastest-growing market in the Europe region.
The Asia-Pacific minimal residual disease testing market is the fastest growing region from 2023 to 2032, owing to the growing incidence of hematological cancer, increased geriatric population, and the strategic formation to meet the demand of customers boosts Asia-Pacific region growth. For instance, October 2021, Genetron Health (China) and Jiangsu Fosun (China) started commercialization of MRD detection test in China, also promoted Seq-MRD in hematologic-focused hospitals and clinics in China. This test provides accuracy, high throughput, cost-efficiency, uniformity and fast turnaround time.
Furthermore, the China minimal residual disease testing market accounted for the largest market share in 2022, and the India minimal residual disease testing market is projected to be the fastest-growing market in the Asia-Pacific region.
Leave a Comment