Thailand Oncology Companion Diagnostic Market Size & Outlook
- Clinical Diagnostics
- In Vitro Diagnostics
- oncology companion diagnostics market
- In Vitro Diagnostics
Global Market
Related Markets
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Thailand oncology companion diagnostic market highlights
- The Thailand oncology companion diagnostic market generated a revenue of USD 24.4 million in 2023 and is expected to reach USD 53.0 million by 2030.
- The Thailand market is expected to grow at a CAGR of 11.7% from 2024 to 2030.
- In terms of segment, product was the largest revenue generating product & service in 2023.
- Service is the most lucrative product & service segment registering the fastest growth during the forecast period.
Oncology companion diagnostic market data book summary
| Market revenue in 2023 | USD 24.4 million |
| Market revenue in 2030 | USD 53.0 million |
| Growth rate | 11.7% (CAGR from 2024 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Service |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product, Service |
| Key market players worldwide | Agilent Technologies Inc, Illumina Inc, Qiagen NV, Thermo Fisher Scientific Inc, ARUP Laboratories, Abbott Laboratories, Myriad Genetics Inc, BioMerieux SA, Roche Holding AG ADR |
Other key industry trends
- In terms of revenue, Thailand accounted for 0.5% of the global oncology companion diagnostic market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan oncology companion diagnostic market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 448.4 million by 2030.
In Thailand, constant developments in cancer screening have positively impacted the market. The adoption of innovative technologies such as AI for CDx tests is becoming increasingly prevalent among competitors in Thailand. Furthermore, the growing embrace of personalized medicine and targeted therapies in Thailand is significantly boosting the demand for CDx.
This surge is primarily driven by the need to accurately identify patients who are most likely to benefit from specific treatments, especially in the oncology sector. As healthcare providers and pharmaceutical companies focus on optimizing treatment efficacy and minimizing adverse effects, CDx are becoming increasingly crucial in guiding personalized therapy decisions.
Leading global companies in the CDx sector, including Abbott, F. Hoffmann-La Roche Ltd., Agilent Technologies Inc., Illumina Inc., Guardant Health, Thermo Fisher Scientific Inc., Biomerieux, Qiagen, and Myriad Genetics Inc., are expected to establish a presence in Thailand.
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Publish Date: Jan 17, 2025
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Oncology Companion Diagnostics Market
Oncology Companion Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Roche Holding AG ADR | View profile | 103,605 | Grenzacherstrasse 124, Basel, Switzerland, 4070 | www.roche.com |
| Abbott Laboratories | View profile | 114,000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | www.abbottinvestor.com |
| BioMerieux SA | View profile | 13,982 | Marcy l’Etoile, Lyon, France, 69280 | www.biomerieux.com |
| Thermo Fisher Scientific Inc | View profile | 122,000 | 168 Third Avenue, Waltham, MA, United States, 02451 | www.thermofisher.com |
| Illumina Inc | View profile | 9,300 | 5200 Illumina Way, San Diego, CA, United States, 92122 | www.illumina.com |
| Agilent Technologies Inc | View profile | 17,700 | 5301 Stevens Creek Boulevard, Santa Clara, CA, United States, 95051 | www.agilent.com |
| Qiagen NV | View profile | 5,900 | Hulsterweg 82, Venlo, LI, Netherlands, 5912 PL | www.qiagen.com |
| Myriad Genetics Inc | View profile | 2,700 | 320 Wakara Way, Salt Lake City, UT, United States, 84108 | www.myriad.com |
| ARUP Laboratories | View profile | 1001-5000 | Salt Lake City, Utah, United States, North America | www.aruplab.com |
Thailand oncology companion diagnostics market
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Oncology Companion Diagnostic Market Outlook will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 66.39% in 2023.
Horizon Databook has segmented the Thailand oncology companion diagnostic market based on product, service covering the revenue growth of each sub-segment from 2018 to 2030.
In Thailand, constant developments in cancer screening have positively impacted the market. The adoption of innovative technologies such as AI for CDx tests is becoming increasingly prevalent among competitors in Thailand. Furthermore, the growing embrace of personalized medicine and targeted therapies in Thailand is significantly boosting the demand for CDx.
This surge is primarily driven by the need to accurately identify patients who are most likely to benefit from specific treatments, especially in the oncology sector. As healthcare providers and pharmaceutical companies focus on optimizing treatment efficacy and minimizing adverse effects, CDx are becoming increasingly crucial in guiding personalized therapy decisions.
Leading global companies in the CDx sector, including Abbott, F. Hoffmann-La Roche Ltd., Agilent Technologies Inc., Illumina Inc., Guardant Health, Thermo Fisher Scientific Inc., Biomerieux, Qiagen, and Myriad Genetics Inc., are expected to establish a presence in Thailand.
- Thailand Oncology Companion Diagnostic Market Product & Service Outlook (Revenue, USD Million , 2018-2030)
- Product
- Service
- Thailand Oncology Companion Diagnostic Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Hospital
- Pathology/Diagnostic laboratory
- Academic medical center
- Thailand Oncology Companion Diagnostic Market Disease Type Outlook (Revenue, USD Million , 2018-2030)
- Breast cancer
- Non-small cell lung cancer
- Colorectal cancer
- Leukemia
- Melanoma
- Prostate cancer
- Others
- Thailand Oncology Companion Diagnostic Market Technology Outlook (Revenue, USD Million , 2018-2030)
- Polymerase chain reaction (PCR)
- Next-generation sequencing (NGS)
- Immunohistochemistry (IHC)
- In situ hybridization (ISH)/Fluorescence in situ hybridization (FISH)
- Other technologies
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Target buyers of oncology companion diagnostics market databook
- Our clientele includes a mix of oncology companion diagnostics market companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand oncology companion diagnostics market, including forecasts for subscribers. This country databook contains high-level insights into Thailand oncology companion diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Thailand Oncology Companion Diagnostic Market, 2018-2030 (US$M)
Thailand oncology companion diagnostics market statistics, by product & service, 2018-2030 (US$M)
