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Genomics In Cancer Care Market 2023 : Opportunities, Industry Share, Size, Trends And Forecast 2032 | Illumina Inc., Thermo Fisher Scientific Inc., Agilent Technologies Inc., PerkinElmer Inc., Qiagen NV
Genomics In Cancer Care Market Research
The Business Research Company's Genomics In Cancer Care Global Market Report 2023 identifies growing demand for cancer diagnostics as the major driver for the Genomics In Cancer Care market's growth in the forecast period. Genomics in cancer care helps in determining a suitable treatment plan for cancer patients by recognizing their genetic backgrounds. For instance, in January 2021, according to the data published in ACS Journals, a US-based cancer journal for clinicians, a total of 1.8 million new cancer cases were diagnosed in the United States. Furthermore, in September 2020, the National Cancer Institute, a US-based national health institute, reported that the annual incidence of new cancer cases was 442.4 per 100,000 men and women.
The global genomics in cancer care market size is expected to grow from $12.76 billion in 2022 to $15.02 billion in 2023 at a compound annual growth rate (CAGR) of 17.65 %. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The genomics in cancer care market size is expected to reach $27.78 billion in 2027 at a CAGR of 16.6%.
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Major competitors in the Genomics In Cancer Care market are Illumina Inc., Thermo Fisher Scientific Inc., Agilent Technologies Inc., PerkinElmer Inc., Qiagen NV, Bio-Rad Laboratories Inc., Danaher Corporation, Vyant Bio Inc (Cancer Genetics Inc), Pacific Biosciences of California Inc., Roche Holding AG, Quest Diagnostics, DiaSorin SpA, BGI Group, Myriad Genetics Inc., and Healthcare Global Enterprises Ltd.
A key trend in the Genomics In Cancer Care market includes technological advancement. Major market players are concentrating on creating innovative next-generation sequencing technologies to strengthen their position in the market. For instance, in December 2021, Personalis, Inc., a US-based provider of genomic sequencing and analytics solutions, launched NeXT Personal. This next-generation liquid biopsy assay considers the patient's tumor to identify and measure residual molecular disease (MRD) and cancer recurrence. It is a robust tumor-informed liquid biopsy assay that provide industry-leading MRD sensitivity in the range of 1-3 parts per million (PPM), representing a 10X-100X improvement over other available methods.
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The Genomics In Cancer Care market is segmented -
By Product Type: Instruments, Consumables, Services
By Technology: PCR (Polymerase Chain Reaction), Micro Arrays, Genome Sequencing, Other Technologies
By Application: Diagnostics, Personalized Medicine, Drug Discovery And Development, Research
By End-user: Hospitals, Government Institutes, Research Facilities
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Genomics In Cancer Care market.
The Business Research Company's "Global Genomics In Cancer Care Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Genomics In Cancer Care Market Include:
1. Executive Summary
2. Genomics In Cancer Care Market Characteristics
3. Genomics In Cancer Care Market Trends And Strategies
4. Genomics In Cancer Care Market - Macro Economic Scenario
5. Genomics In Cancer Care Market Size And Growth
……
26. Africa Genomics In Cancer Care Market
27. Genomics In Cancer Care Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Genomics In Cancer Care Market
29. Genomics In Cancer Care Market Future Outlook and Potential Analysis
30. Appendix
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