Global Oncology Based Molecular Diagnostics Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Breast Cancer, Prostate Cancer, Colorectal Cancer, Cervical Cancer, Liver Cancer, and Others

By Product;

Instruments, Reagents, and Others

By Technology;

Polymerase Chain Reaction (PCR), Isothermal Nucleic Acid Amplification Technology (INAAT), Sequencing, In-Situ Hybridization, Chips & Microarrays, and Mass Spectrometry

By End-Use;

Hospitals & Clinics, Diagnostic Laboratories, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn123411676 Published Date: May, 2025 Updated Date: June, 2025

Oncology Based Molecular Diagnostics Market Overview

Oncology Based Molecular Diagnostics Market (USD Million)

Oncology Based Molecular Diagnostics Market was valued at USD 6,204.55 million in the year 2024. The size of this market is expected to increase to USD 14,265.55 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.6%.


Global Oncology Based Molecular Diagnostics Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 12.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)12.6 %
Market Size (2024)USD 6,204.55 Million
Market Size (2031)USD 14,265.55 Million
Market ConcentrationLow
Report Pages365
6,204.55
2024
14,265.55
2031

Major Players

  • Abbott
  • Bayer AG
  • BD
  • Cepheid
  • Agilent Technologies Inc
  • Danaher

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Oncology Based Molecular Diagnostics Market

Fragmented - Highly competitive market without dominant players


The Oncology-Based Molecular Diagnostics Market is witnessing rapid growth, fueled by the increasing adoption of personalized medicine and the rising incidence of cancer globally. Molecular diagnostics have emerged as critical tools in cancer detection, tumor profiling, and treatment selection, offering precise insights for targeted therapies that enhance patient outcomes. It is estimated that over 60% of cancer patients now undergo molecular diagnostic tests as part of their treatment journey, reflecting the growing reliance on these advanced technologies.

Growing Demand for Early Cancer Detection
Early cancer detection significantly improves patient survival rates, making it a critical focus in oncology. Molecular diagnostics are pivotal in identifying genetic mutations and biomarkers linked to various cancers. Notably, liquid biopsy technologies, which account for nearly 30% of oncology-based molecular diagnostic procedures, have gained traction due to their minimally invasive approach and high sensitivity, supporting timely cancer diagnosis.

Technological Innovations in Next-Generation Sequencing (NGS)
Technological advancements, particularly in Next-Generation Sequencing (NGS), have revolutionized cancer diagnostics, providing comprehensive genomic insights at unprecedented scales. NGS technologies now account for 40% of molecular diagnostic tests in oncology, offering high-throughput analysis essential for modern cancer management. Additionally, this innovation is driving the growth of companion diagnostics, which help identify patients likely to benefit from specific targeted therapies.

Focus on Biomarker-Based Diagnostics
Biomarker-based diagnostics have become foundational in oncology, offering critical insights into tumor biology and treatment responses. It is estimated that over 65% of ongoing oncology drug development efforts are focused on biomarker-targeted therapies, underscoring the strategic importance of molecular diagnostics in personalized cancer care.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Product
    3. Market Snapshot, By Technology
    4. Market Snapshot, By End-Use
    5. Market Snapshot, By Region
  4. Global Oncology Based Molecular Diagnostics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements in Molecular Diagnostics

        2. Increasing Incidence and Prevalence of Cancer

        3. Growing Demand for Personalized Medicine in Oncology

      2. Restraints
        1. High Cost of Molecular Diagnostics Tests

        2. Regulatory Challenges and Approval Processes

        3. Limited Access to Advanced Molecular Diagnostic Technologies

      3. Opportunities
        1. Expansion of Molecular Diagnostics into Emerging Markets

        2. Development of Novel Biomarkers for Cancer Detection and Monitoring

        3. Integration of Molecular Diagnostics with Next-Generation Sequencing Technologies

    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. Oncology Based Molecular Diagnostics Market, By Type, 2021 - 2031 (USD Million)
      1. Breast Cancer

      2. Prostate Cancer

      3. Colorectal Cancer

      4. Cervical Cancer

      5. Liver Cancer

      6. Others

    2. Oncology Based Molecular Diagnostics Market, By Product, 2021 - 2031 (USD Million)
      1. Instruments

      2. Reagents

      3. Others

    3. Oncology Based Molecular Diagnostics Market, By Technology, 2021 - 2031 (USD Million)
      1. Polymerase Chain Reaction (PCR)

      2. Isothermal Nucleic Acid Amplification Technology (INAAT)

      3. Sequencing

      4. In-Situ Hybridization

      5. Chips and Microarrays

      6. Mass Spectrometry

    4. Oncology Based Molecular Diagnostics Market, By End-Use, 2021 - 2031 (USD Million)
      1. Hospitals and Clinics
      2. Diagnostic Laboratories
      3. Others
    5. Oncology Based Molecular Diagnostics 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. Abbott
      2. Bayer AG
      3. BD
      4. Cepheid
      5. Agilent Technologies Inc
      6. Danaher
  7. Analyst Views
  8. Future Outlook of the Market