The Oncology-Based Molecular Diagnostics Market was valued at USD 2.76 billion in 2023 and is expected to reach USD 7.71 billion by 2032, growing at a CAGR of 12.12% over the forecast period of 2024-2032. This report features adoption and use patterns of molecular diagnostic tests by region and cancer type, spurred by advances in precision medicine and growing awareness of early detection of cancer. The report analyzes reimbursement and healthcare expenditures on oncology molecular diagnostics, varied by payer type and region, affecting accessibility to the market. Further, it delves into pipeline development and R&D directions, focusing on novel biomarker-based tests and liquid biopsy technologies likely to revolutionize cancer diagnostics. Trends in regulatory and approval processes are also vital in market growth, as changing guidelines across geographies influence test validation, commercialization, and market entry strategies.
The U.S. Oncology-Based Molecular Diagnostics Market was valued at USD 0.90 billion in 2023 and is expected to reach USD 2.29 billion by 2032, growing at a CAGR of 10.99% over the forecast period of 2024-2032. In the United States, the oncology molecular diagnostics market is experiencing robust growth, driven by increasing government spending on cancer research, increased insurance coverage for genetic testing, and the incorporation of AI-powered diagnostics to increase early detection and treatment accuracy.
Drivers
The growing shift toward precision medicine and the increasing demand for early cancer detection are major drivers of the oncology-based molecular diagnostics market.
Molecular diagnosis facilitates personalized treatment by detecting genetic mutations and biomarkers, for which targeted therapies can be more effective. The increasing incidence of cancer—estimated at 20 million new cases worldwide in 2023 (WHO)—has further strengthened the call for early and precise diagnosis. Sophisticated molecular diagnostic methods such as next-generation sequencing (NGS) and liquid biopsy have found universal acceptance because they can identify cancer at an early stage with high precision. In addition, the pharmaceutical industry is working with diagnostic companies to produce companion diagnostics, and more than 80% of oncology drugs under development necessitate testing for biomarkers (FDA, 2023). Ongoing innovation, including AI-based molecular diagnostics and diminishing costs of genomic testing, contributes further to drive the market growth. The broadening use of liquid biopsy, which is set to substitute standard biopsy in numerous applications, also contributes significantly towards driving adoption. In addition, regulatory agencies such as the FDA and EMA are accelerating approvals for new molecular diagnostics, which is spurring innovation in this area. With more focus on personalized oncology therapy and better patient outcomes, molecular diagnostics will transform cancer care.
Restraints
The high cost of oncology-based molecular diagnostics remains a significant barrier to widespread adoption.
Most of these advanced methods, including next-generation sequencing (NGS) and liquid biopsy, are costly, requiring specialized personnel and expensive machinery, and are thus not accessible to most health facilities. Comprehensive genomic profiling costs between USD 2,000 and USD 5,000 per test, which restricts access, especially in developing countries where the health infrastructure is not strong. Furthermore, reimbursement issues are an added obstacle because most insurance providers fail to provide comprehensive coverage of molecular diagnostics, so patients must carry the expense. Only 60% of cancer molecular diagnostic tests are paid for by insurance plans, with affordability being the major concern (American Cancer Society, 2023). Regulation is also another impediment slowing down market penetration. Although the FDA cleared more than 20 new oncology molecular tests in 2023, the process of approval is still long and complicated, hindering market entry for innovative diagnostics. Infrastructure issues, such as a shortage of trained molecular pathologists and the requirement for specialized laboratories, also limit the use of these sophisticated tests. Until the cost is brought down and reimbursement policies are optimized, access to oncology-based molecular diagnostics will continue to be an issue in most areas.
Opportunities
Technological advancements in molecular diagnostics present a significant opportunity for market expansion, particularly with the growing adoption of liquid biopsy.
In contrast to conventional tissue biopsies, liquid biopsies provide a less invasive method for identifying circulating tumor DNA (ctDNA) and other biomarkers in blood tests. The international market for liquid biopsies is anticipated to expand by more than 20% CAGR over the forecast period, which is fueled by its potential to identify cancer early and track response to treatment in real time. In addition, artificial intelligence (AI) and machine learning (ML) are transforming molecular diagnostics through enhanced accuracy of data analysis and the automation of genetic variant interpretation. Guardant Health and Illumina are utilizing AI-based algorithms to increase the precision of cancer detection and choice of treatment. A further key opportunity is to expand companion diagnostics, where molecular tests direct targeted therapies. As more than 60% of emerging cancer drugs in development need biomarker-based patient stratification (GlobalData, 2023), diagnostic companies can partner with pharmaceutical companies to fuel innovation. In addition, the increasing demand for home-test kits, like liquid biopsy kits for the early detection of cancer, offers new growth opportunities. With technology advancing and prices coming down, molecular diagnostics will find its way to more people, opening up rich market opportunities.
Challenges
The oncology-based molecular diagnostics market faces significant challenges due to regulatory complexities and data privacy concerns.
The process of approval of molecular diagnostics is rigorous, with regulatory agencies such as the FDA, EMA, and CFDA demanding substantial clinical verification before tests are permitted to be marketed. The 2023 FDA diagnostic reform has added scrutiny to laboratory-developed tests (LDTs), raising uncertainty for diagnostic companies. Further, differences in global regulatory regimes complicate companies' ability to commercialize tests in several markets, pushing product launches. Another key issue is data protection and cybersecurity. Molecular diagnostics use genetic information, which is very sensitive and requires strict privacy measures such as HIPAA (United States), GDPR (Europe), and China's Data Security Law. Data theft is a huge threat, and more than 35% of healthcare organizations faced cyberattacks in 2023 (IBM Security Report). Anxiety regarding patient data security can put the brakes on the uptake of cloud-based molecular diagnostic platforms. Additionally, physician and patient resistance to the implementation of new genomic testing technologies, out of ignorance or mistrust in test reliability, is an ongoing issue. In the absence of streamlined regulations and stronger data protection protocols, the broad adoption of molecular diagnostics may encounter serious impediments.
By Type
Breast cancer was the largest revenue contributor to the oncology-based molecular diagnostics market in 2023. Breast cancer's high incidence rate, with more than 2.3 million new cases reported worldwide in 2023 (WHO), has created demand for molecular diagnostics. The existence of several biomarker-based tests, including HER2, BRCA1/BRCA2, and hormone receptor testing, also boosted its dominance. Furthermore, elevated awareness, large-scale screening programs, and improvements in liquid biopsy technologies have contributed to market expansion.
Liver and prostate cancer diagnostics, however, are seeing tremendous growth. Molecular diagnostics of liver cancer are growing because of the growing incidence of hepatocellular carcinoma (HCC), which causes 75-85% of liver cancers, and the growing adoption of liquid biopsy for the early detection of circulating tumor DNA (ctDNA). Likewise, diagnostics in prostate cancer are increasing at a rapid pace with molecular tests based on PSA and next-generation sequencing (NGS) increasing in popularity. The emergence of non-invasive diagnostic technologies, including urine-based molecular tests, is also fuelling growth in this sector.
By Product
The reagents segment held 62.02% of the total market revenue in 2023 and was the leading product category. Reagents are key materials for molecular diagnostic tests such as PCR kits, sequencing reagents, and immunohistochemistry (IHC) assays. The demand for personalized medicine and biomarker-based cancer diagnosis has increased, contributing to increased consumption of reagents. Also, the growing adoption of companion diagnostics in targeted therapies for cancer has driven segment growth.
The instruments segment is also expected to grow strongly as laboratories and research institutions invest in newer molecular diagnostic platforms. The growing demand for automated PCR, NGS systems, and mass spectrometry-based analyzers is fueling the growth. The integration of AI-powered diagnostics and cloud-based data analytics is further enriching the functionalities of contemporary molecular diagnostic instruments, making them an important area of growth.
By Technology
Polymerase chain reaction (PCR) was the market leader with the highest revenue share of 36% in 2023. PCR is the gold standard for the detection of cancer biomarkers because it has high sensitivity, short turnaround time, and is cost-effective. PCR is universally used to identify genetic mutations, oncogenes, and fusion transcripts in a variety of cancer forms, such as BRAF (melanoma), EGFR (lung cancer), and KRAS (colorectal cancer). The growing use of real-time PCR (qPCR) and digital PCR (dPCR) in cancer diagnosis also strengthens its market leadership.
The sequencing segment is expected to observe the fastest expansion as a result of the growing use of next-generation sequencing (NGS) for broad genomic profiling. As the demand for personalized cancer therapy grows, NGS is being made necessary in detecting various genetic mutations at one time, facilitating targeted therapy. Technical progress in whole genome sequencing (WGS) and RNA sequencing is propelling further use in cancer diagnostics. Further, declining costs of sequencing and the presence of AI-driven genomic interpretation software are making sequencing affordable for routine clinical use.
North America was the largest oncology-based molecular diagnostics market in 2023, led by sophisticated healthcare infrastructure, rapid precision medicine adoption, and robust research grants. Having major market players like Thermo Fisher Scientific, Illumina, and Roche Diagnostics has also fortified the region's position in the market. The U.S. enjoys the largest market share, buoyed by supportive reimbursement regimes and high cancer screening rates. The FDA approval of more than 20 new oncology molecular diagnostic tests during 2023 has also helped speed up market growth. The increasing usage of companion diagnostics for targeted cancer therapy is also driving demand.
Asia-Pacific is the region growing most rapidly, with a greater emphasis on early cancer detection and molecular testing. The region is set to grow extensively with rising incidences of cancer, enhanced healthcare accessibility, and precision medicine initiatives from the government. More than 9.5 million new cancer cases were reported in Asia in 2023, as per the World Health Organization (WHO), and these represented close to 50% of global cases. China, India, and Japan are at the forefront of this growth, with rising investments in AI-based diagnostics, liquid biopsy, and NGS. Growing partnerships between pharmaceutical companies and diagnostic players, as well as reducing the cost of sequencing, are further driving the market in this region.
Abbott – Alinity m RT-PCR, Vysis FISH Assays, RealTime IDH1 and IDH2 Assays
Bayer AG – NTRK Companion Diagnostics, Liquid Biopsy for Oncology
BD (Becton, Dickinson and Company) – BD MAX MDR-TB Assay, BD Onclarity HPV Assay
Cepheid – Xpert Bladder Cancer Monitor, Xpert BCR-ABL Ultra
Agilent Technologies, Inc. – SureSelect XT HS2 DNA Target Enrichment, Dako HER2 CISH PharmDx Kit
Danaher – DxH 900 Hematology Analyzer, HER2 FISH, and IHC Assays
Hologic, Inc. – Aptima HPV and Cervical Cancer Assays, Panther Fusion Oncology Tests
Qiagen – therascreen KRAS RGQ PCR Kit, QIAseq Targeted DNA Panels
F. Hoffmann-La Roche Ltd. – cobas EGFR Mutation Test, FoundationOne CDx
Siemens Healthineers – Atellica Solution Molecular Diagnostics, ADVIA Centaur Oncology Markers
Sysmex – HISCL Tumor Marker Assays, OncoBEAM Liquid Biopsy Assays
In July 2024, Lantern Pharma made significant progress in developing a molecular diagnostic for patient selection and stratification in oncology clinical trials using its drug candidate LP-184. The diagnostic, based on qRT-PCR technology, measures PTGR1 RNA levels in tumor samples to assess sensitivity to LP-184.
In Nov 2023, Amoy Diagnostics (AmoyDx) and Cell Signaling Technology (CST) expanded their partnership to advance the development of companion diagnostics (CDx) in China. This collaboration will provide AmoyDx access to CST's highly validated antibodies for critical CDx targets, supporting the growing demand for precision oncology therapeutics in the region.
Report Attributes | Details |
---|---|
Market Size in 2023 | USD 2.76 billion |
Market Size by 2032 | USD 7.71 billion |
CAGR | CAGR of 12.12% From 2024 to 2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Type [Breast Cancer, Prostate Cancer, Colorectal Cancer, Cervical Cancer, Liver Cancer, Lung Cancer, Blood Cancer, Kidney Cancer, Others] • By Product [Instruments, Reagents, Others] • By Technology [PCR, In Situ Hybridization, INAAT, Chips And Microarrays, Mass Spectrometry, Sequencing, TMA, Others] |
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
Company Profiles | Abbott, Bayer AG, BD (Becton, Dickinson and Company), Cepheid, Agilent Technologies, Inc., Danaher, Hologic, Inc., Qiagen, F. Hoffmann-La Roche Ltd., Siemens Healthineers, Sysmex. |
Ans: The Oncology-Based Molecular Diagnostics Market is projected to grow at a CAGR of 12.12% during the forecast period.
Ans: By 2032, the Oncology-Based Molecular Diagnostics Market is expected to reach USD 7.71 billion, up from USD 2.76 billion in 2023.
Ans: The growing shift toward precision medicine and the increasing demand for early cancer detection are major drivers of the oncology-based molecular diagnostics market.
Ans: The high cost of oncology-based molecular diagnostics remains a significant barrier to widespread adoption.
Ans: North America is the dominant region in the Oncology-Based Molecular Diagnostics Market.
Table of contents
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research & Academic Institutes Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research & Academic Institutes Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Adoption and Usage Trends of Molecular Diagnostic Tests (2023, by Region & Cancer Type)
5.2 Reimbursement and Healthcare Spending on Oncology Molecular Diagnostics (2023, by Payer Type & Region)
5.3 Pipeline and R&D Trends (2023 & Forecast)
5.4 Regulatory and Approval Trends (2023, by Region)
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and Promotional Activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new Product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Oncology-Based Molecular Diagnostics Market Segmentation, by Type
7.1 Chapter Overview
7.2 Breast Cancer
7.2.1 Breast Cancer Market Trends Analysis (2020-2032)
7.2.2 Breast Cancer Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Prostate Cancer
7.3.1 Prostate Cancer Market Trends Analysis (2020-2032)
7.3.2 Prostate Cancer Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Colorectal Cancer
7.4.1 Colorectal Cancer Market Trends Analysis (2020-2032)
7.4.2 Colorectal Cancer Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Cervical Cancer
7.5.1 Cervical Cancer Market Trends Analysis (2020-2032)
7.5.2 Cervical Cancer Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Liver Cancer
7.6.1 Liver Cancer Market Trends Analysis (2020-2032)
7.6.2 Liver Cancer Market Size Estimates and Forecasts to 2032 (USD Billion)
7.7 Lung Cancer
7.7.1 Lung Cancer Market Trends Analysis (2020-2032)
7.7.2 Lung Cancer Market Size Estimates and Forecasts to 2032 (USD Billion)
7.8 Blood Cancer
7.8.1 Blood Cancer Market Trends Analysis (2020-2032)
7.8.2 Blood Cancer Market Size Estimates and Forecasts to 2032 (USD Billion)
7.9 Kidney Cancer
7.9.1 Kidney Cancer Market Trends Analysis (2020-2032)
7.9.2 Kidney Cancer Market Size Estimates and Forecasts to 2032 (USD Billion)
7.10 Others
7.10.1 Others Market Trends Analysis (2020-2032)
7.10.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Oncology-Based Molecular Diagnostics Market Segmentation, by Product
8.1 Chapter Overview
8.2 Instruments
8.2.1 Instruments Market Trends Analysis (2020-2032)
8.2.2 Instruments Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Reagents
8.3.1 Reagents Market Trends Analysis (2020-2032)
8.3.2 Reagents Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Others
8.4.1 Others Market Trends Analysis (2020-2032)
8.4.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Oncology-Based Molecular Diagnostics Market Segmentation, by Technology
9.1 Chapter Overview
9.2 PCR
9.2.1 PCR Market Trends Analysis (2020-2032)
9.2.2 PCR Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 In Situ Hybridization
9.3.1 In Situ Hybridization Market Trends Analysis (2020-2032)
9.3.2 In Situ Hybridization Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 INAAT
9.4.1 INAAT Market Trends Analysis (2020-2032)
9.4.2 INAAT Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Chips And Microarrays
9.5.1 Chips And Microarrays Market Trends Analysis (2020-2032)
9.5.2 Chips And Microarrays Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Mass Spectrometry
9.6.1 Mass Spectrometry Market Trends Analysis (2020-2032)
9.6.2 Mass Spectrometry Market Size Estimates and Forecasts to 2032 (USD Billion)
9.7 Sequencing
9.7.1 Sequencing Market Trends Analysis (2020-2032)
9.7.2 Sequencing Market Size Estimates and Forecasts to 2032 (USD Billion)
9.8 TMA
9.8.1 TMA Market Trends Analysis (2020-2032)
9.8.2 TMA Market Size Estimates and Forecasts to 2032 (USD Billion)
9.9 Others
9.9.1 Others Market Trends Analysis (2020-2032)
9.9.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.2.4 North America Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.2.5 North America Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.2.6.2 USA Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.2.6.3 USA Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.2.7.2 Canada Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.2.7.3 Canada Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.2.8.2 Mexico Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.2.8.3 Mexico Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.6.2 Poland Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.6.3 Poland Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.7.2 Romania Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.7.3 Romania Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.1.9 turkey
10.3.1.9.1 Turkey Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.4 Western Europe Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.5 Western Europe Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.6.2 Germany Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.6.3 Germany Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.7.2 France Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.7.3 France Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.8.2 UK Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.8.3 UK Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.9.2 Italy Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.9.3 Italy Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.10.2 Spain Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.10.3 Spain Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.13.2 Austria Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.13.3 Austria Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.4 Asia Pacific Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.5 Asia Pacific Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.6.2 China Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.6.3 China Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.7.2 India Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.7.3 India Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.8.2 Japan Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.8.3 Japan Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.9.2 South Korea Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.9.3 South Korea Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.10.2 Vietnam Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.10.3 Vietnam Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.11.2 Singapore Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.11.3 Singapore Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.12.2 Australia Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.12.3 Australia Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.4 Middle East Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.5 Middle East Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.6.2 UAE Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.6.3 UAE Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.2.4 Africa Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.2.5 Africa Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.4 Latin America Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.6.5 Latin America Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.6.2 Brazil Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.6.6.3 Brazil Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.7.2 Argentina Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.6.7.3 Argentina Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.8.2 Colombia Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.6.8.3 Colombia Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Oncology-Based Molecular Diagnostics Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
11. Company Profiles
11.1 Abbott
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Product / Services Offered
11.1.4 SWOT Analysis
11.2 Bayer AG
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Product / Services Offered
11.2.4 SWOT Analysis
11.3 BD (Becton, Dickinson and Company)
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Product / Services Offered
11.3.4 SWOT Analysis
11.4 Cepheid
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Product / Services Offered
11.4.4 SWOT Analysis
11.5 Agilent Technologies, Inc.
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Product / Services Offered
11.5.4 SWOT Analysis
11.6 Danaher
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Product / Services Offered
11.6.4 SWOT Analysis
11.7 Hologic, Inc.
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Product / Services Offered
11.7.4 SWOT Analysis
11.8 F. Hoffmann-La Roche Ltd.
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Product / Services Offered
11.8.4 SWOT Analysis
11.9 Siemens Healthineers
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Product / Services Offered
11.9.4 SWOT Analysis
11.10 Sysmex
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Product / Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments
By Type
Breast Cancer
Prostate Cancer
Colorectal Cancer
Cervical Cancer
Liver Cancer
Lung Cancer
Blood Cancer
Kidney Cancer
Others
By Product
Instruments
Reagents
Others
By Technology
PCR
In Situ Hybridization
INAAT
Chips And Microarrays
Mass Spectrometry
Sequencing
TMA
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Competitive Product Benchmarking
Geographic Analysis
Additional countries in any of the regions
Customized Data Representation
Detailed analysis and profiling of additional market players
The Blood Pressure Cuffs Market size was valued at USD 192.81 Million in 2023 and is expected to reach USD 355.00 Million by 2032 and grow at a CAGR of 7.04% over the forecast period 2024-2032.
The Autoimmune Disease Therapeutics Market Size valued at $72.34 Bn in 2023, expected to reach $116.81 Bn by 2032, growing at a 5.52% CAGR by 2032.
The Surgical Procedures Market Size was valued at USD 108.27 Million in 2023 and is expected to reach USD 173.73 Million by 2032 and grow at a CAGR of 5.61% over the forecast period 2024-2032.
The Hospital Furniture market size was USD 9.06 billion in 2023 and is expected to reach USD 16.34 billion by 2032 and grow at a CAGR of 6.83% over the forecast period of 2024-2032.
The Advanced Visualization Market was valued at USD 3.64 Billion in 2023 and it is projected to reach USD 9.77 Billion by 2032, registering a compound annual growth rate (CAGR) of 11.6% from 2024 to 2032.
Dental X-ray Market Size was valued at USD 2.9 billion in 2023 and is expected to reach USD 5.9 billion by 2032, growing at a CAGR of 8.4% over the forecast period 2024-2032.
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