Press release
The Global Precision Oncology Market was valued at USD 89.5 Bn in 2022 and is projected to grow at a CAGR of 9.9 percent during the forecast period.
Precision Oncology Market
The comprehensive report on the precision oncology market provides valuable insights into market size, market share, industry overview, research methodology, drivers, restraints, and regional insights. It explores the market's potential, growth drivers, challenges, and trends, offering a holistic view of the industry.
The report utilizes primary and secondary research methods to gather data for the precision oncology market analysis. Primary research was conducted to validate crucial numbers, market forecasts, technological advancements, and statistical calculations. The bottom-up approach and multiple data triangulation methodologies were employed to estimate the global market size and forecast segments and sub-segments. Additionally, the report incorporates insights from industry experts and stakeholders.
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Precision Oncology Market Dynamics:
The global prevalence of cancer and the increased awareness and demand in the oncology market are key drivers for the precision oncology market. Precision oncology offers personalized treatments based on the unique characteristics of individual tumors, leading to improved treatment outcomes. Technological advancements in immunotherapy, gene editing, and genomic sequencing technologies have significantly contributed to the growth of the precision oncology industry. Government initiatives and investments in precision oncology research, such as the Cancer Moonshot and Precision Medicine Initiative, further support market growth.
The high cost of precision oncology technologies and treatments can limit their accessibility, particularly in resource-limited healthcare settings. Affordability and reimbursement issues pose challenges for patients and healthcare systems. The interpretation and analysis of complex genomic data generated by precision oncology is also a significant challenge. Tumor heterogeneity and treatment resistance mechanisms add complexity to the development of effective precision oncology strategies.
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Precision Oncology Market Regional Insights:
The precision oncology market in North America, led by the United States, holds the largest market share, accounting for nearly 44 percent. The region benefits from advanced laboratory facilities, cutting-edge technologies, and a strong ecosystem of clinicians, researchers, and industry players. The adoption of next-generation sequencing technologies and comprehensive genomic profiling has contributed to the region's market dominance. The precision oncology market in Asia Pacific is experiencing significant growth, with China, Japan, and India emerging as key players. The region's large population and increasing cancer cases drive market expansion. Government investments and advancements in research and development capabilities have propelled the market's growth.
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Precision Oncology Market Segmentation:
By Products:
Diagnostics
Therapeutics
By Cancer Types:
Breast Cancer
Lung Cancer
Cervical cancer
Colorectal Cancer
Prostate Cancer
By End User:
Pharmaceutical & Biotechnology Companies
Diagnostic Centres
Healthcare Data Companies
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Precision Oncology Market Key Competitors include:
1. Illumina, Inc. (United States)
2. Thermo Fisher Scientific, Inc. (United States)
3. Agilent Technologies, Inc. (United States)
4. Invitae Corporation (United States)
5. NeoGenomics Laboratories, Inc. (United States)
6. Bristol Myers Squibb Company (United States)
7. Pfizer Inc. (United States)
8. Amgen Inc. (United States)
9. Merck & Co., Inc. (United States)
10.Eli Lilly and Company (United States)
11.Genomic Health, Inc. (United States)
12.Foundation Medicine, Inc. (United States)
13.Guardant Health, Inc. (United States)
14.Myriad Genetics, Inc. (United States)
15.Exact Sciences Corporation (United States)
16.NanoString Technologies, Inc. (United States)
17.Guardant Health, Inc. (United States)
18.F. Hoffmann-La Roche Ltd (Switzerland)
19.Bayer AG (Germany)
20.AstraZeneca plc (United Kingdom)
21.Novartis AG (Switzerland)
22.Roche Holding AG (Switzerland)
23.Qiagen N.V. (Netherlands)
24.Sysmex Corporation (Japan)
25.Dasa (Brazil)
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Table of Content for Precision Oncology Market
• Global Precision Oncology Market: Research Methodology
• Global Precision Oncology Market: Executive Summary
• Market Overview and Definitions
• Introduction to Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
• Global Precision Oncology Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
• Global Precision Oncology Market Segmentation
• Global Market, by Products (2022-2029)
• Global Market, by Cancer Types (2022-2029)
• Global Market, by End User (2022-2029)
• Regional Precision Oncology Market (2022-2029)
• Regional Market, by Products (2022-2029)
• Regional Market, by Cancer Types (2022-2029)
• Regional Market, by End User (2022-2029)
• Regional Market, by Country (2022-2029)
• Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Products, Cancer Types and End User
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
o Competitive landscape - Market Leaders, Market Followers, Regional player
o Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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