Press release
Cancer Tumor Profiling Market Size to Surpass USD 24.44 billion by 2029, Share, Growth, Demand, Global Trends
Cancer Tumor Profiling Market report analyses the changing trends in the industry. The industry development trends and marketing channels are also analyzed here. In this market document, development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. The report offers a detailed analysis of ABC industry with growth & significant CAGR during forecast period 2022-2029 by top manufacturer's analysis, region, types, and market segment by applications.Data Bridge Market Research analyses that the Cancer Tumor Profiling market is expected to undergo a CAGR of 12.75% during the forecast period. This indicates that the market value, which was USD 9.35 billion in 2021, would rocket up to USD 24.44 billion by 2029.
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Market Overview
Cancer Tumor Profiling is increasingly being used in the western economies owing to the rising prevalence of cancer all around the world. Cancer is the second most leading cause of death all around the world. 1 out of 6 deaths globally is due to cancer. 70% of deaths occur as a result of cancer in middle class and low class economies. This has widened the scope of growth for the market.
Drivers
• Rising prevalence of cancer
Surging prevalence of cancer all around the globe is one of the major factors responsible for fostering the growth of the market. Growing adoption of cancer profiling methods by oncologists in the developing economies is carving the way for the growth of the market. According to a 2018 report by World Health Organisation, cancer was responsible for 9.6 million deaths globally.
• Research and development proficiencies
Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted for the integration of advanced technologies in the healthcare facilities and to enhance the overall course of diagnosis and treatment of cancer is also bolstering the market growth rate.
Cancer Tumor Profiling Market Scope
• Cancer type
• Breast Cancer
• Lung Cancer
• Colorectal Cancer
• Prostate Cancer
• Melanoma Cancer
• Other Cancer
On the basis of cancer type, the cancer tumor profiling market is segmented into breast cancer, lung cancer, colorectal cancer, prostate cancer, melanoma cancer and other cancer.
Biomarker type
• Genomic Biomarker
• Protein Biomarker
On the basis of biomarker type, the cancer tumor profiling market is segmented into genomic biomarker and protein biomarker.
Technology
• Immunoassays
• Next-Generation Sequencing
• Polymerase Chain Reaction
• Mass Spectrometry
• In-Situ Hybridization
• Microarrays
• Others
On the basis of technology, the cancer tumor profiling market is segmented into immunoassays, next-generation sequencing, polymerase chain reaction, mass spectrometry, in-situ hybridization, microarrays and others.
Technique
• Genomics
• Proteomics
• Metabolomics
• Epigenetics
On the basis of technique, the cancer tumor profiling market is segmented into genomics, proteomics, metabolomics and epigenetics.
Application
• Research
• Biomarker Discovery
• Personalized Medicine
• Clinical Application
• Diagnostics
• Prognostics
• Screening
• Treatment and Monitoring
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Some of the major players operating in the cancer tumor profiling market are Illumina, Inc. (US), QIAGEN (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 Diagnostics (Switzerland), (US), GenScript Biotech Corporation (China), Tempus Labs (US), Boreal Genomics Inc (Canada), Perthera (US), Agendia (US), Omniseq (US) and Histogene X (Belgium) among others.
Get the Full Table of Contents @
https://www.databridgemarketresearch.com/toc/?dbmr=global-cancer-tumor-profiling-market
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