"Designing Growth Strategies is in our DNA"
Follicular lymphoma (FL) is a slow-growing type of non-Hodgkin lymphoma that typically presents with asymptomatic peripheral lymphadenopathy. It is the second most common type of non-Hodgkin lymphoma, accounting for 10-20% of the cases across the globe. It develops when the white blood cells cluster together to form lumps in the lymph glands or organs. There are two types of follicular lymphoma: relapsed and refractory. The term relapsed is the disease that reappears after a period of remission, and refractory is when the lymphoma does not respond to early treatment or the response to treatment does not last very long. The diagnoses for both types are similar, such as imaging and in-vitro diagnostic techniques using lymph node biopsies.
The follicular lymphoma diagnostic market is expected to experience steady growth in the coming years as the demand for accurate and early diagnosis of this type of cancer increases. Factors driving the growth of the follicular lymphoma diagnostics market include an increasing prevalence of the disease, advancements in diagnostic technologies, and a growing awareness of the importance of early detection for improved patient outcomes. Additionally, collaborations between healthcare organizations and research institutions to develop innovative diagnostic tools and treatments for follicular lymphoma are expected to fuel market growth further.
The COVID-19 pandemic significantly disrupted healthcare services globally and negatively impacted refractory follicular lymphoma diagnostics across the globe. This disruption led to unprecedented challenges in terms of maintaining essential cancer care services, including diagnostics. However, the resumption of diagnostic services boosted the market growth in 2021, and the ongoing advancements are expected to grow the market continuously over the forecast period.
|
By Product |
By Method |
By End-user |
By Geography |
|
|
|
|
The report covers the following key insights:
Based on product, the market is classified into instruments and kits & consumables. The kits & consumables segment held a significant market share in 2023. The segments include antibodies, probes, and assays, reagents & kits. The segmental growth can be attributed to the high prevalence of refractory follicular lymphoma and the increasing demand for accurate & technologically superior diagnostic products. Moreover, the increasing R&D investments in cancer diagnostics are leading to the development of advanced kits and reagents, which is expected to result in market growth.
The instruments segment is projected to witness considerable growth in the coming years due to technological advancements and device launches with higher accuracies. The development of innovative instruments that incorporate cutting-edge technologies coupled with their increasing availability and affordability for healthcare providers and patients is anticipated to drive the market. This increased accessibility is anticipated to propel the growth of the market.
To gain extensive insights into the market, Download for Customization
The global market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for a significant share in 2023. The region’s growth is attributed to the high diagnostic rate of these cancers in the region and the rapid development of innovative cancer diagnostic solutions in the U.S. Moreover, the market growth is expected to be driven by the presence of major industry players and advanced product launches in the region.
The Asia Pacific market is expected to grow at the highest CAGR over the projected years. Some of the contributive reasons include the rising prevalence of refractory follicular lymphomas and the increasing rate of cancer diagnoses in the region. Furthermore, the growing awareness of early cancer detection in the region is expected to drive market growth. Moreover, the rising number of diagnostic centers and the growing adoption of advanced instruments in the region is expected to drive the market significantly in the coming years.
Get In Touch With Us
US +1 833 909 2966 ( Toll Free )