Cancer/Tumor Profiling Market Scope by Technology, Type, Application, Region and Top Companies- Illumina, Inc. (US), QIAGEN N.V. (Germany), NeoGenomics Laboratories, Inc. (US), HTG Molecular Diagnostics, Inc. (US)

Cancer/Tumor Profiling Market business report is a trustworthy source of market information for the business which assists with better decision making and outline better business strategies. Data and information included in this report aids businesses take superior decisions and improve return on investment (ROI). CAGR values mentioned in the report gives evaluations about the rise or fall of the product demand in the forecasted time period. Under the competitive analysis section of the Cancer/Tumor Profiling Market research report, major key players existing in the market are revealed along with different details such as company profiles, their market share analysis, and their diverse strategies which make them prosper in the market.

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Key players in cancer/tumor profiling market

The key players operating in the cancer/tumor profiling market include 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), Perthera (US), Agendia (US), Omniseq (US), Histogene X (Belgium).

The credible Cancer/Tumor Profiling Market report provides company profiling of key players in the industry, carefully analyzing their core competencies, and drawing a competitive landscape for the market. The data involved in this market report can be very necessary when it comes to dominating the market or making a mark in the market as a new emergent. To generate the best market research report, a range of objectives of the marketing research are required to be kept in mind. Market research analysis and data lend a hand to businesses for the planning of production, product launches, costing, inventory, purchasing, and marketing strategies.

Cancer/Tumor Profiling Market by (Technology (Immunoassay, NGS, PCR, In-Situ Hybridization, Microarray), Cancer Type (Breast, Lung, Colorectal, Prostate, Melanoma)), Biomarker Type (Genomic, Protein), Application, Region – Global Forecast to 2025

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%
Research Coverage:

The report analyzes the cancer/tumor profiling market and aims at estimating the market size and future growth potential of this market based on various segments such as product, distribution channel, and region. The report also includes a product portfolio matrix of various cancer profiling products available in the market. The report also provides a competitive analysis of the key players in this market, along with their company profiles, product offerings, and key market strategies.

Reasons to Buy the Report

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.
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Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition & Scope
1.2.1 Markets Covered
Figure 1 Cancer/Tumor Profiling Market
1.2.2 Years Considered For The Study
1.3 Currency
1.4 Stakeholders
1.5 Limitations
1.6 Summary Of Changes

2 Research Methodology
2.1 Research Approach
Figure 2 Research Design
2.1.1 Secondary Research
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Research
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown Of Primaries
Figure 3 Breakdown Of Primary Interviews: By Company Type, Designation, And Region
2.1.2.3 Key Industry Insights
2.2 Market Sizing & Validation Approach
Figure 4 Segmental Share Analysis Illustration
Figure 5 Top-Down Approach
2.3 Data Triangulation Approach
Figure 6 Data Triangulation Methodology
2.4 Assumptions For The Study

3 Executive Summary
Figure 7 Cancer/Tumor Profiling Market, By Technology, 2020 Vs. 2025 (Usd Million)
Figure 8 Cancer/Tumor Profiling Market, By Cancer Type, 2020 Vs. 2025 (Usd Million)
Figure 9 Cancer/Tumor Profiling Market, By Biomarker Type, 2020 Vs. 2025 (Usd Million)
Figure 10 Cancer/Tumor Profiling Market, By Application, 2020 Vs. 2025 (Usd Million)
Figure 11 Geographical Snapshot Of The Cancer/Tumor Profiling Market

4 Premium Insights
4.1 Cancer/Tumor Profiling: Market Overview
Figure 12 Increasing Demand For Personalized Medicine To Drive Market Growth
4.2 Cancer/Tumor Profiling Market: Geographic Growth Opportunities
Figure 13 China To Register The Fastest Growth In The Cancer/ Tumor Profiling Market During The Forecast Period
4.3 Regional Mix: Cancer/Tumor Profiling Market (2020-2025)
Figure 14 Apac To Witness The Fastest Growth During The Forecast Period (2020-2025)
4.4 Cancer/Tumor Profiling Market: Developed Vs. Developing Markets (2020 Vs. 2025)
Figure 15 Developing Markets To Register A Higher Growth Rate Between 2020 & 2025

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 16 Cancer/Tumor Profiling Market: Drivers, Restraints, Opportunities, And Challenges
5.2.1 Market Drivers
5.2.1.1 Increasing Incidence Of Cancer
Figure 17 Global Cancer Incidence, 2008-2030
5.2.1.2 Increasing Use Of Biomarkers In Cancer Profiling
5.2.1.3 Increasing Cancer Research And Funding
5.2.1.4 Technological Advancements
Table 1 Market Drivers: Impact Analysis
5.2.2 Market Restraints
5.2.2.1 High Capital Investment
5.2.2.2 Technical Issues With Sample Collection And Storage
Table 2 Market Restraints: Impact Analysis
5.2.3 Market Opportunities
5.2.3.1 Increasing Demand For Personalized Medicine
Figure 18 Launch Of Personalized Medicine Products, 2008-2016
5.2.3.2 Growing Need For Point-Of-Care Diagnostics
Table 3 Market Opportunities: Impact Analysis
5.2.4 Market Challenges
5.2.4.1 Low Biomarker Discovery-To-Approval Ratio
5.2.4.2 Poor Regulatory And Reimbursement Scenario
Table 4 Market Challenges: Impact Analysis

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