Genomics in Cancer Care Market 2020 Size, Status and Precise Outlook 2025

Global Genomics in Cancer Care Market Size, Status and Outlook 2020-2025

The Genomics in Cancer Care Market report is a collection of useful information, quantitative and qualitative estimation by industry experts, the contribution from industry connoisseurs and industry accomplices across the value chain. Furthermore, the report also provides the qualitative results of diverse market factors on its geographies and segments. This report on Genomics in Cancer Care market gives historical, current, and future market sizes (US$ Mn) of product types, applications, route of administration, distribution channels, and geographic regions.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyses key emerging trends and their impact on present and future development.

The Genomics in Cancer Care Market is expected to register a CAGR of 17.5% during the forecast period 2020-2025

High prevalence of cancer and developing technology related to cancer care is expected to be the major factors to propel the market growth. Cancer is considered as the leading cause of death. According to the World Health Organization, in 2018, almost 9.6 million death were caused due to cancer worldwide. Moreover, every one out of six death is because of cancer. However, high cost of procedures involved may obstruct the market growth.

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The major players dominating the consulting market are Illumina Inc., ThermoFisher Scientific Inc., Agilent Technologies, Cancer Genetics Inc., GE Healthcare, Intrexon Bioinformatics Germany GmbH, Quest Diagnostics, Roche Diagnostics, Merck KGaA and Pacific Biosciences, Inc. These companies have been profiled in the report providing detailed analysis of their financial information and business strategies

Key Market Trends
Gene Sequencing Segment is Expected to Hold a Major Market Share in the Genomics in Cancer Care Market
- Emerging technology related to gene sequencing is expected to fuel the market growth. Next generation sequencing is a novel method having wide application into oncology. The sequencing of DNA and RNA helps in detecting and analysing the modifiers, mutation analysis and pharmacogenetics of biopsy.
- Furthermore, its advantages over other techniques in known to boost the particular segment. According to the study published in 2017 by the International Journal of Molecular Sciences, for PCR, the genome had to be sequenced per tube which consumes a lot of time and money whereas in case of next generation sequencing the whole genome can be sequenced in few days with less than 1000 USD per genome.

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America expected to hold a major market share in the global genomics in cancer care market due to higher incidence rates of cancer disease and the initiatives taken by government and other organizations related to genomics cancer. According to the National Cancer Institutes, in 2018 the incidence rate for cancer in the United States was around 1,735,350. Furthermore, National Cancer Institutes has established a program Cancer Genome Atlas Programme. It is the database wherein around 2.5 petabytes of data is stored related to genomics. This further is being used for cancer diagnosis and treatment development. Hence, this factor is expected to boost the genomics in cancer care market growth.

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Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: The Global Genomics in Cancer Care Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.

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