Press release
Next Generation Cancer Diagnostics Market To Grow At CAGR of 17.80% And Reach $29.7 billion by 2028
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Next Generation Cancer Diagnostics Market Dynamics
Drivers: Increasing cancer cases
In many nations, cancer outranks other illnesses, including coronary heart disease and stroke, as the main cause of mortality. Worldwide mortality has improved due to next-generation cancer diagnostic technologies that assist illness prevention and early disease detection. Furthermore, during the projected period, it is also anticipated that improvements in diagnostic laboratories and the introduction of integrated and automated lab systems will fuel demand for advanced workflow systems and boost revenue. Rapid point-of-care testing will also help the market grow. It is anticipated to enable the commercialization of various technologically cutting-edge items like diagnostic kits, devices, and reagents.
Restraints: Lack of skilled professionals
The development of the global enhanced ambulatory patient grouping software market over the forecast period may be restrained by a shortage of competent professionals who cannot apply these diagnostic procedures. Additionally, despite the increased prevalence of patients, the high cost of these screening tests may restrain the growth of the global market for next-generation cancer diagnostics.
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Key Market Players
The next generation cancer diagnostics market is dominated by a few global players and comprises several regional players. Some key manufacturers operating in the market are Agilent Technologies, Inc., Abbott, BD, OPKO Health, Inc., F. Hoffmann-La Roche Ltd, GENERAL ELECTRIC COMPANY, Illumina, Inc, QIAGEN, BioGenex, Siemens Healthcare GmbH, bioMΓ©rieux SA, NeoGenomics Laboratories, Inc., Telerad Tech, BioNTech SE, Thermo Fisher Scientific Inc, Hologic Inc., Koninklijke Philips N.V., PerkinElmer Inc, Cepheid.
Segmentation of Global Next Generation Cancer Diagnostics Market-
Global Next Generation Cancer Diagnostics Market - By Technology
NGS
LOAC
RT-PCR
Global Next Generation Cancer Diagnostics Market -
By Application
CTC
Biomarker
Global Next Generation Cancer Diagnostics Market -
By Cancer Type
Lung
Breast
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