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Solid Tumor Testing Market Size is Gaining Momentum; Empowering Future Innovation in Industry By 2030 | CAGR of 7.0%

01-18-2023 04:17 PM CET | Health & Medicine

Press release from: Allied Market Research

Solid Tumor Testing Market

Solid Tumor Testing Market

Solid tumors, also known as solid cancers, is an abnormal growth of cells that do not contain liquid or cysts. These solid tumors can occur as benign (non-cancerous), which means they do not spread to other parts of the body; or can occur as malignant (cancerous) hence having the capability of spreading to other parts of the body if they are not treated promptly. According to the report, the global " ๐’๐จ๐ฅ๐ข๐ ๐“๐ฎ๐ฆ๐จ๐ซ ๐“๐ž๐ฌ๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ข๐ณ๐ž ๐ฐ๐š๐ฌ ๐ž๐ฌ๐ญ๐ข๐ฆ๐š๐ญ๐ž๐ ๐š๐ญ ๐”๐’๐ƒ ๐Ÿ๐Ÿ‘.๐Ÿ– ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ, ๐š๐ง๐ ๐ข๐ฌ ๐๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐†๐š๐ซ๐ง๐ž๐ซ ๐”๐’๐ƒ ๐Ÿ’๐Ÿ”.๐Ÿ• ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ, ๐ซ๐ž๐ ๐ข๐ฌ๐ญ๐ž๐ซ๐ข๐ง๐  ๐š ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ•.๐ŸŽ% ๐Ÿ๐ซ๐จ๐ฆ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ ๐ญ๐จ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ.

Technological advancements, the launch of various products, and strategies among key players such as acquisition, collaboration, and agreement serve as potential opportunities for the expansion of the global solid tumor testing market. The pandemic negatively altered the way cancer patients are being diagnosed and treated in the near term.

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๐‚๐จ๐ฏ๐ข๐-๐Ÿ๐Ÿ— ๐’๐œ๐ž๐ง๐š๐ซ๐ข๐จ:

The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global solid tumor testing market, as a huge number of medical colleges and hospitals across the globe were reconstructed to increase hospital capacity for patients diagnosed with COVID-19.

The pandemic negatively altered the way cancer patients are being diagnosed and treated in the near term. For instance, according to a review article by the National library of medicine published in 2020, it is estimated that as a result of COVID-19, screenings for cancers of the breast, colon, and cervix have dropped by 94%, 86%, and 94% between January 20, 2020, and April 21, 2020, respectively.

Leading market players of the global solid tumor testing market analyzed in the research include ๐๐ˆ๐€๐†๐„๐, ๐๐”๐„๐’๐“ ๐ƒ๐ˆ๐€๐†๐๐Ž๐’๐“๐ˆ๐‚๐’ ๐ˆ๐๐‚๐Ž๐‘๐๐Ž๐‘๐€๐“๐„๐ƒ, ๐€๐›๐›๐จ๐ญ๐ญ ๐‹๐š๐›๐จ๐ซ๐š๐ญ๐จ๐ซ๐ข๐ž๐ฌ, ๐€๐ ๐ข๐ฅ๐ž๐ง๐ญ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐ž๐ฌ ๐ˆ๐ง๐œ., ๐๐ข๐จ๐œ๐š๐ซ๐ž ๐Œ๐ž๐๐ข๐œ๐š๐ฅ ๐‹๐‹๐‚, ๐…. ๐‡๐จ๐Ÿ๐Ÿ๐ฆ๐š๐ง๐ง-๐‹๐š ๐‘๐จ๐œ๐ก๐ž ๐€๐†, ๐ˆ๐‹๐‹๐”๐Œ๐ˆ๐๐€, ๐ˆ๐๐‚., ๐Œ๐ž๐๐†๐ž๐ง๐จ๐ฆ๐ž ๐‹๐š๐›๐ฌ ๐๐ซ๐ข๐ฏ๐š๐ญ๐ž ๐‹๐ญ๐, ๐Œ๐˜๐‘๐ˆ๐€๐ƒ ๐†๐„๐๐„๐“๐ˆ๐‚๐’, ๐ˆ๐๐‚., ๐“๐ก๐ž๐ซ๐ฆ๐จ ๐…๐ข๐ฌ๐ก๐ž๐ซ ๐’๐œ๐ข๐ž๐ง๐ญ๐ข๐Ÿ๐ข๐œ, ๐ˆ๐ง๐œ.

๐’๐จ๐ฅ๐ข๐ ๐“๐ฎ๐ฆ๐จ๐ซ ๐“๐ž๐ฌ๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:-

The research provides detailed segmentation of the global solid tumor testing market based on type, application, end-user, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.

Based on type, the genetic testing segment held the highest share in 2021, accounting for nearly two-thirds of the global solid tumor testing market, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is expected to register the highest CAGR of 7.3% from 2022 to 2031.

Based on application, the melanoma segment accounted for the highest share in 2021, contributing to nearly one-fifths of the global solid tumor testing market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the breast segment is expected to manifest the highest CAGR of 7.7% from 2022 to 2031.

Based on end-user, the hospital segment accounted for the highest share in 2021, holding nearly one-third of the global solid tumor testing market, and is expected to continue its leadership status during the forecast period. However, the academic research institutions segment is estimated to grow at the highest CAGR of 7.2% during the forecast period.

Based on region, North America held the largest share in 2021, contributing to around two-fifths of the global solid tumor testing market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the Asia-Pacific region is expected to manifest the fastest CAGR of 8.3% during the forecast period. The research also analyzes regions including Europe and LAMEA

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By Region Outlook

North America

โฆ U.S.

โฆ Canada

โฆ Mexico

Europe

โฆ UK

โฆ Germany

โฆ France

โฆ Italy

โฆ Russia

โฆ Rest of Europe

Asia-Pacific

โฆ China

โฆ Japan

โฆ India

โฆ Australia

โฆ Rest of Asia-Pacific

LAMEA

โฆ Brazil

โฆ UAE

โฆ Turkey

โฆ Saudi Arabia

โฆ Rest of LAMEA

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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