To make the composition of an excellent Cancer/Tumor Profiling Market report, a combination of best industry insight, practical solutions, talent solutions, and the latest technology have been employed. Painstakingly analyzed market segmentation aspect provides a clear idea about the product consumption based on numerous factors ranging from type, application, deployment model, end-user to geographical region. Furthermore, drivers and restraints of the market assessed in this business report make aware of how the product is getting utilized in the recent market environment and also provide estimations about the future practice. Correct utilization of standard statistical tools and coherent models for analysis and forecasting of market data makes a large-scale Cancer/Tumor Profiling Market report outshining.
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Key players in cancer/tumor profiling market
Illumina, Inc. (US),
QIAGEN N.V. (Germany),
NeoGenomics Laboratories, Inc. (US),
HTG Molecular Diagnostics, Inc. (US),
Genomic Health Inc. (US),
Caris Life Sciences (US),
Helomics Corporation (US),
NanoString Technologies, Inc. (US),
Sysmex Corporation (Japan),
Ribomed Biotechnologies, Inc. (US),
Guardant Health, Inc. (US),
Foundation Medicine (US)
Roche Holdings Inc. (Switzerland), (US),
GenScript Biotech Corporation (China),
Tempus Labs (US),
Boreal Genomics Inc (Canada),
Histogene X (Belgium).
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The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them garner a more significant share of the market. Firms purchasing the report could use one or any combination of the below-mentioned strategies to strengthen their position in the market.
This report provides insights into the following pointers:
- Market Penetration: Comprehensive information on product portfolios offered by the top players in the global cancer/tumor profiling market. The report analyzes this market by product and distribution channel.
- Product Enhancement/Innovation: Detailed insights on upcoming trends and product launches in the global cancer/tumor profiling market
- Market Development:Comprehensive information on the lucrative emerging markets by product and distribution channel
- Market Diversification:Exhaustive information about new products or product enhancements, growing geographies, recent developments, and investments in the global cancer/tumor profiling market
- Competitive Assessment:In-depth assessment of market shares, growth strategies, product offerings, competitive leadership mapping, and capabilities of leading players in the global cancer/tumor profiling market.
The cancer/tumor profiling market is expected to grow at a CAGR of 10.9% in the forecast period.
The global cancer/tumor profiling market size is projected to reach USD 13.9 billion by 2025 from USD 8.3 billion in 2020, at a CAGR of 10.9 %. Factors such as the increasing incidence of cancer, increasing demand for personalized medicine, increasing use of biomarkers in cancer profiling, increasing cancer research and funding, and technological advancements in the field are expected to drive the growth of the cancer/tumor profiling market. However, poor regulatory and reimburement scenario serves as a major challenge for the industry.
By technology, the next generation sequencing segment holds the highest market share during the forecast period.
Based on technology, the cancer/tumor profiling market is segmented into immunoassays, in situ hybridization, next generation sequencing (NGS), polymerase chain reaction (PCR), mass spectrometry, microarrays, and others. The immunoassays segment held the highest market share in 2019. The high market share of this segment can be attributed to the wide adoption of these assays as it is the gold standard to measure the presence and concentration of analytes in a sample.
Based on cancer type, the lung cancer segment is expected to register the highest CAGR during the forecast period.
Based on cancer type, the cancer/tumor profiling market is segmented into breast cancer, lung cancer, colorectal cancer, prostate cancer, melanoma, and others. The lung cancer segment is projected to register the highest CAGR during the forecast period. The significant growth in the lung cancer is attributed to the high incidence rate of lung cancer and the increasing need for early diagnosis.
By biomarker type, the genetic biomarker segment holds the highest market share during the forecast period.
Based on biomarker type, the cancer/tumor profiling market is segmented genetic biomarkers, protein biomarkers, and other biomarkers. The genetic segment held the highest market share in 2019. The high market share of this segment can be attributed to the high adoption of these biomarkers during cancer diagnosis and prognosis and in the biomarker discovery process.
By application type, the research application segment holds the highest market share during the forecast period.
Based on cancer type, the cancer/tumor profiling market is segmented research and clinical applications. The research application segment held the highest market share in 2019. The high market share of this segment can be attributed to the increasing focus on biomarker discovery for drug development along with the rapidly growing field of personalized medicine. Additionally, the increased funding for cancer research is propelling the growth of the market.
By Region, The Asia Pacific region holds the highest market share during the forecast period.
The Asia Pacific holds the highest market share during the forecast period (2020 to 2025).
Rapidly incidence of cancer, growing proteomics and genomics research, increasing research funding, rising investments by pharmaceutical and biotechnology companies, and growing awareness about personalized therapeutics in several APAC countries, are supporting the growth of the cancer/tumor market in the Asia Pacific region.
Break of primary participants was as mentioned below:
- By Company Type – Tier 1–35%, Tier 2–45% and Tier 3–20%
- By Designation – C-level–35%, D-level–25%, Others–40%
- By Region – North America–45%, Europe–30%, Asia Pacific–20%, Latin America- 3%, Middle East and Africa–2%
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Cancer/Tumor Profiling Market report brings together a meticulous study of the present and upcoming opportunities to elucidate the future investment in the industry. This report introduces a top to bottom evaluation of the industry including empowering technologies, key trends, market drivers, challenges, standardization, regulatory landscape, opportunities, future guide, value chain, ecosystem player profiles, and strategies. This report is a valuable source of assistance for companies and individuals that offers industry chain structure, business strategies, and proposals for new project investments. The credible Cancer/Tumor Profiling Market report also analyses various inhibitors as well as motivators of the market in both quantitative and qualitative manners to make available accurate information to the end-users.
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