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Clinical Oncology Next-Generation Sequencing Market to reach USD 2.93 Bn by 2029, emerging at a CAGR of 20.7 percent and forecast 2023-2029
Clinical Oncology Next-Generation Sequencing Market
The Clinical Oncology Next-Generation Sequencing (NGS) market, valued at $7.86 billion in 2022 and expected to reach nearly $2.93 billion by 2029 with a remarkable 20.7% CAGR, presents a comprehensive landscape encompassing various critical components. It revolves around the transformative capabilities of NGS technology in oncology research, offering in-depth genomic and transcriptomic data access. Key segments include sequencing kits, reagents, services, sequencing systems, and sequencing materials, with a notable focus on the anticipated growth of sequencing kits and reagents. This market's scope extends to diverse applications, including targeted sequencing, resequencing, and screening, with a predominant emphasis on enhancing therapeutic effectiveness and enabling simultaneous gene mutation testing. Laboratories stand as the dominant end-user segment, constituting over 65% of total sales, owing to well-established workflows and FDA-approved
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Clinical Oncology Next-Generation Sequencing Market Research Methodology
The comprehensive analysis of the Clinical Oncology Next-Generation Sequencing (NGS) market is underpinned by a robust and multifaceted research methodology.
What are Clinical Oncology Next-Generation Sequencing Market Dynamics:
The Clinical Oncology NGS market is propelled by several key dynamics. Rising cancer prevalence, coupled with technological advancements in NGS, positions this market as a leader in the healthcare industry. A noticeable shift towards NGS over traditional single-gene research presents substantial growth opportunities. Moreover, substantial investments in oncology research by organizations such as Cancer Research UK further fuel market expansion. However, challenges lie in high initial costs for sequencing platform establishment, inefficiencies in outsourcing services, and limited availability of sequencing platforms in certain regional markets, which may hinder overall industry development.
Clinical Oncology Next-Generation Sequencing Market Regional Insights:
North America, with over 49% market share in 2019, leads the Clinical Oncology NGS market. Initiatives like the Cancer Target Discovery and Development Network by the National Cancer Institute, coupled with numerous NGS-based facilities, contribute to this growth. Asia Pacific is projected to experience the fastest growth due to developments in healthcare, pharmaceuticals, and improved reimbursement policies.
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What is Clinical Oncology Next-Generation Sequencing Market Segmentation:
by Technology
• Whole Genome Sequencing
• Whole Exome Sequencing
• Targeted Sequencing & Resequencing Centrifuges
by Workflow
• Pre Sequencing
• Sequencing
• Data Analysis
by Application
• Screening
• Companion Diagnostics
• Other Diagnostics
by End-User
• Hospitals
• Clinics
• Laboratories
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Who are Clinical Oncology Next-Generation Sequencing Market Key Players:
• Illumina, Inc.
• QIAGEN
• Thermo Fisher Scientific, Inc.
• F. Hoffman-La Roche Technologies
• Agilent Technologies
• Myriad Genetics
• Foundation Medicine
• Pacific Bioscience
• Oxford Nanopore Technologies Ltd.
• Beijing Genomics Institute (BGI)
• Perkin Elmer, Inc.
• Paradigm Diagnostics
• Caris Life Sciences
• Partek, Inc.
• Eurofins Scientific S.E.
• Bio Rad Laboratories, Inc.
• Other Key Players
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The table of content for the Clinical Oncology Next-Generation Sequencing Market includes:
1. Global Clinical Oncology Next-Generation Sequencing Market: Research Methodology
2.
Global Clinical Oncology Next-Generation Sequencing Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
1. Global Clinical Oncology Next-Generation Sequencing Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by Region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• MandA 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
4. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• 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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