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Clinical Oncology Next Generation Sequencing Market is Expected To Grow $0.86 billion in 2028 at a CAGR of 13.2% | Key Players are Thermo Fisher Scientific, Oxford Nanopore Technologies Ltd., QIAGEN N.V., Myriad Genetics Inc.
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033The Business Research Company's Clinical Oncology Next Generation Sequencing Global Market Report 2024 identifies rise in the number of cancer cases as the major driver for the Clinical Oncology Next Generation Sequencing market's growth in the forecast period. According to the American Cancer Society, there were 1.9 million new cases and 0.6 million cancer deaths in 2021 in the USA. The four most common types of cancer worldwide are lung, prostate, bowel, and female breast cancer, accounting for 43% of all the new cancer cases. Therefore, the rise in cancer incidence rate globally is anticipated to boost the demand for the growth of the clinical oncology next-generation sequencing market.
The clinical oncology next generation sequencing market size has grown rapidly in recent years. It will grow from $0.45 billion in 2023 to $0.52 billion in 2024 at a compound annual growth rate (CAGR) of 15.5%. The growth in the historic period can be attributed to genomic research advances, cancer biomarker discovery, technological advancements, regulatory approvals. The clinical oncology next generation sequencing market size is expected to see rapid growth in the next few years. It will grow to $0.86 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%.
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Major competitors in the Clinical Oncology Next Generation Sequencing market are Thermo Fisher Scientific, Oxford Nanopore Technologies Ltd., QIAGEN N.V., Myriad Genetics Inc., Illumina Inc., F. Hoffmann-La Roche Ltd.
A key trend in the Clinical Oncology Next Generation Sequencing market includes automation of workflow. Companies in the clinical oncology next-generation sequencing are increasingly investing in automation of workflow to increase precision and reduce the sample-to-sample variability. For instance, Agilent automation solutions have developed an automation system that allows increasing the number of reactions that can perform in parallel, reducing the amount of sample processing time, and increasing the number of samples which can be processed while reducing the variability amount from sample to sample. Companies such as Sophia Genetics are also investing in data-driven medicine that investigates automating DNA sequencing to better diagnose and treat patients.
Read More On The Global Clinical Oncology Next Generation Sequencing Market Report Here:
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The Clinical Oncology Next Generation Sequencing market is segmented -
• By Technology: Ion Semiconductor Sequencing, Pyro-Sequencing, Synthesis Sequencing, Real Time Sequencing, Ligation Sequencing, Reversible Dye Termination Sequencing, Nano-Pore Sequencing
• By Application: Screening, Companion Diagnostics, Other Diagnostics
• By End User: Hospital Laboratories, Clinical Research Organizations, Diagnostic laboratories
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Clinical Oncology Next Generation Sequencing market.
The Business Research Company's "Global Clinical Oncology Next Generation Sequencing Market Report 2024" 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 Clinical Oncology Next Generation Sequencing Market Include:
1. Executive Summary
2. Clinical Oncology Next Generation Sequencing Market Characteristics
3. Clinical Oncology Next Generation Sequencing Market Trends And Strategies
4. Clinical Oncology Next Generation Sequencing Market - Macro Economic Scenario
5. Global Clinical Oncology Next Generation Sequencing Market Size and Growth
……………………………………..
31. Global Clinical Oncology Next Generation Sequencing Market Competitive Benchmarking
32. Global Clinical Oncology Next Generation Sequencing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Clinical Oncology Next Generation Sequencing Market
34. Clinical Oncology Next Generation Sequencing Market Future Outlook and Potential Analysis
35. Appendix
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