Immuno Oncology Assays Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Immuno-oncology Assays Market Trends & Companies and the market is segmented by Product (reagents and antibodies, instruments, software and consumables, and accessories), technology (immunoassay, PCR, NGS, Flow Cytometry, and other technologies), indication (lung cancer, colorectal cancer, Melanoma, and other cancers) and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The market provides the value (in USD million) for the above-mentioned segments.

Immuno Oncology Assays Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Immuno Oncology Assays Market Size

Immuno Oncology Assays Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 12.30 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Immuno Oncology Assays Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Immuno Oncology Assays Market with other markets in Healthcare Industry

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Device Drug Combination

Immuno Oncology Assays Market Analysis

The Immuno Oncology Assays Market is expected to register a CAGR of 12.3% during the forecast period.

Cancer patients have faced significant complications due to the 2019 coronavirus disease (COVID-19). The COVID-19 pandemic's breakout has severely impacted the global healthcare supply chain. Also, the Centers for Disease Control and Prevention (CDC) and many medical professional organizations recommended that cancer screening and other health prevention services, along with elective surgeries, be postponed. The only exception is if the risks have outweighed the benefits and secure the hospital infrastructure to treat COVID-19 patients. Thus, the COVID-19 pandemic has impacted the market. However, the situation has improved over the post-pandemic era gradually.

Immuno-oncology studies and develops treatments that utilize the body's immune system to fight cancer. The primary factor contributing to the market's growth is the increase in cancer incidence. According to the ECIS, the European cancer burden is expected to reach 3.36 million new cases by 2040, compared to 2.94 million patients in 2025. Furthermore, the increasing adoption of targeted therapy is boosting market growth. Immuno-oncology assays measure the concentration of the therapeutic antibody, anti-drug antibodies, and soluble protein biomarkers. As targeted therapy popularity increases, the assays' market growth increases.

Additionally, some primary factors driving the regional market are high expenditure on R&D by government organizations and pharmaceutical companies for disorders and diseases, such as chronic ailments like cancers. For instance, as per PhRMA, the biopharmaceutical industry invested an estimated USD 102,288 million in research and development (R&D) in 2021. Thus the significant funding for R&D helps the market to grow through new developments in immune-oncology assays.

Moreover, the new developments and advancements in assay methods and products, along with the approvals and launches, help the market to grow. For instance, in April 2022, Agilent Technologies Inc. received a CE-IVD marking in the European Union for its PD-L1 IHC 28-8 pharmDx immunohistochemical assay. It tests patients diagnosed with muscle-invasive urothelial carcinoma (MIUC) and tumor cell PD-L1 expression 1% for adjuvant treatment with OPDIVO (nivolumab). Similarly, in October 2021, the same company, Agilent, received CE-IVD mark approval for the PD-L1 IHC 28-8 pharmDx to guide options for the first-line treatment of adult patients with HER2-negative advanced or metastatic gastric, gastroesophageal junction, or esophageal cancers. Hence, with the new approvals and launches, the increase in cancer incidence and R&D expenditure is expected to drive the market over the forecast period.

However, stringent and unfavorable refund policies are hindering market growth factors.

Immuno Oncology Assays Industry Overview

The Immuno Oncology Assays market is moderately competitive and consists of several major players. Some companies currently dominating the market are Agilent Technologies, Inc, Thermo Fisher Scientific, Illumina, Inc., PerkinElmer, Inc., Crown Bioscience, InSphero., Merck KGaA, F. Hoffmann-La Roche Ltd., HTG Molecular Diagnostics, Inc.

Immuno Oncology Assays Market Leaders

  1. Agilent Technologies, Inc

  2. Thermo Fisher Scientific

  3. Illumina, Inc.

  4. PerkinElmer, Inc.

  5. Crown Bioscience

  6. *Disclaimer: Major Players sorted in no particular order
Immuno Oncology Assays Market Concentration
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Immuno Oncology Assays Market News

  • September 2022: The US FDA approved Thermo Fisher Scientific's Oncomine Dx Target Test as a companion diagnostic (CDx) aid in selecting patients. They do it with the help of RET-fusion positive locally advanced or metastatic non-small cell lung cancer (NSCLC), RET-fusion positive advanced or metastatic thyroid cancer, and RET-mutation positive advanced or metastatic medullary thyroid cancer (MTC) who may be eligible for treatment with Lilly's Retevmo (selpercatinib).
  • June 2022: Agilent Technologies Inc. received approval from the South Korea Ministry of Food and Drug Safety (MFDS) for the company's PD-L1 IHC 22C3 pharmDx as a companion diagnostic (CDx) to identify patients with non-small cell lung cancer (NSCLC). It is suitable for first-line monotherapy with KEYTRUDA (pembrolizumab) on the Dako Omnis platform.

Immuno Oncology Assays Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising Incidence of Cancer Globally
    • 4.2.2 Increasing Adoption of Targeted Therapy
  • 4.3 Market Restraints
    • 4.3.1 Unfavorable Regulatory and Reimbursement Scenario
  • 4.4 Porter's Five Force Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size by Value - USD million)

  • 5.1 By Product
    • 5.1.1 Reagents and Antibodies
    • 5.1.2 Instruments
    • 5.1.3 Software
    • 5.1.4 Consumables and Accessories
  • 5.2 By Technology
    • 5.2.1 Immunoassay
    • 5.2.2 PCR
    • 5.2.3 NGS
    • 5.2.4 Flow Cytometry
    • 5.2.5 Other Technologies
  • 5.3 By Indication
    • 5.3.1 Lung Cancer
    • 5.3.2 Colorectal Cancer
    • 5.3.3 Melanoma
    • 5.3.4 Other Cancers
  • 5.4 Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Mexico
    • 5.4.2 Europe
    • 5.4.2.1 Germany
    • 5.4.2.2 United Kingdom
    • 5.4.2.3 France
    • 5.4.2.4 Italy
    • 5.4.2.5 Spain
    • 5.4.2.6 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 Japan
    • 5.4.3.3 India
    • 5.4.3.4 Australia
    • 5.4.3.5 South Korea
    • 5.4.3.6 Rest of Asia-Pacific
    • 5.4.4 Middle East and Africa
    • 5.4.4.1 GCC
    • 5.4.4.2 South Africa
    • 5.4.4.3 Rest of Middle East and Africa
    • 5.4.5 South America
    • 5.4.5.1 Brazil
    • 5.4.5.2 Argentina
    • 5.4.5.3 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Agilent Technologies, Inc
    • 6.1.2 Thermo Fisher Scientific
    • 6.1.3 Illumina, Inc.
    • 6.1.4 PerkinElmer, Inc.
    • 6.1.5 Crown Bioscience
    • 6.1.6 InSphero
    • 6.1.7 Merck KGaA
    • 6.1.8 F. Hoffmann-La Roche Ltd.
    • 6.1.9 HTG Molecular Diagnostics, Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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Immuno Oncology Assays Industry Segmentation

As per the scope of the report, Immuno oncology assays is a next-generation sequencing application that delivers real-time automated measurements of immune and tumor cell dynamics. With the help of this assay, people can analyze biological processes driving the immune response against cancer. It helps continuously examine and analyze key events from proliferation and activation to migration and immune cell killing without disturbing the existing body cells. The Immuno Oncology Assays Market is segmented by product (reagents and antibodies, instruments, software and consumables, and accessories), technology (immunoassay, PCR, NGS, Flow Cytometry, and other technologies), indication (lung cancer, colorectal cancer, Melanoma, and other cancers) and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major global regions. The report offers the value in (USD million) for the above segments.

By Product Reagents and Antibodies
Instruments
Software
Consumables and Accessories
By Technology Immunoassay
PCR
NGS
Flow Cytometry
Other Technologies
By Indication Lung Cancer
Colorectal Cancer
Melanoma
Other Cancers
Geography North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa GCC
South Africa
Rest of Middle East and Africa
South America Brazil
Argentina
Rest of South America
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Immuno Oncology Assays Market Research FAQs

What is the current Immuno Oncology Assays Market size?

The Immuno Oncology Assays Market is projected to register a CAGR of 12.3% during the forecast period (2025-2030)

Who are the key players in Immuno Oncology Assays Market?

Agilent Technologies, Inc, Thermo Fisher Scientific, Illumina, Inc., PerkinElmer, Inc. and Crown Bioscience are the major companies operating in the Immuno Oncology Assays Market.

Which is the fastest growing region in Immuno Oncology Assays Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Immuno Oncology Assays Market?

In 2025, the North America accounts for the largest market share in Immuno Oncology Assays Market.

What years does this Immuno Oncology Assays Market cover?

The report covers the Immuno Oncology Assays Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Immuno Oncology Assays Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Immuno Oncology Assays Industry Report

Statistics for the 2025 Immuno Oncology Assays market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Immuno Oncology Assays analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.