Press release
Cancer Tumor Profiling Market Witnessing Rapid Growth: Key Drivers, Market Size, and Latest trends
Cancer Tumor Profiling Market
Accelerating at a CAGR of 15.3% from 2024 to 2025 and 14% from 2025 to 2029, the global Cancer Tumor Profiling market is set to experience significant expansion. Driven by advances in precision medicine initiatives, improved cancer diagnostics, targeted therapy options, and supportive regulatory frameworks, the market is witnessing an outlook of upward trajectory.
What Is The Projected Market Size Of The Global Cancer Tumor Profiling Market And Its Growth Rate?
The Global Cancer Tumor Profiling Market has been showing a promising growth in recent years and this trend is expected to continue:
- The market size is projected to grow from $13 billion in 2024 to $14.99 billion in 2025.
- The Compound Annual Growth Rate (CAGR) during this period is expected to be 15.3%.
- The market size is forecasted to reach $25.33 billion in 2029, growing at a CAGR of 14.0%.
- This growth is expected to be shaped by factors such as the expansion of immunotherapy and immunoprofiling in cancer treatment, development of liquid biopsy, and the increasing demand for rare and orphan cancer subtype profiling.
What Is Driving The Growth In The Cancer Tumor Profiling Market?
The escalating incidents of cancer across the globe are the driving force behind the growth of the Cancer and Tumor Profiling market. With increasing incidences of cancer, necessitates the demand for cancer tumor profiling to ascertain the severity of the disease. Therefore, the surge in cancer cases worldwide is propelling the growth of the cancer and tumor profiling market.
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Who Are the Key Players Driving Cancer Tumor Profiling Market Growth?
The market growth is being steered by some of the major players which include:
- F. Hoffmann-La Roche Ltd.
- Caris Life Sciences
- Thermo Fisher Scientific Inc.
- Illumina Inc.
- Qiagen
- Ribomed Biotechnologies Inc.
- HTG Molecular Diagnostics Inc.
- NanoString Technologies Inc.
- NeoGenomics Laboratories Inc.
What Are The Key Trends In The Cancer Tumor Profiling Market?
Here are some of the emerging trends in the market:
- Integration of tumor profiling into routine clinical practice
- Advances in multi-omics approaches
- Integration of AI and machine learning in data analysis
- Personalized medicine and targeted therapy development
- Advances in genomics and next-generation sequencing (ngs) technologies
What Are The Segments Of The Global Cancer Tumor Profiling Market?
The Cancer Tumor Profiling market is segmented based on:
- Cancer Type: Includes Lung Cancer, Breast Cancer, Colorectal Cancer, Prostate Cancer, and others
- Technology: Consists of Next-Generation Sequencing (NGS), Polymerase Chain Reaction (PCR), Immunohistochemistry (IHC), In Situ Hybridization (ISH), Microarray, amongst others
- Process Type: Covers Genomics, Proteomics, Epigenetics, Metabolomics, and others
- Application: Spans across Personalized Medicine, Diagnostics, Biomarker Discovery, Prognostics, and Research Applications
Which Region Leads The Cancer Tumor Profiling Market?
North America led the global Cancer and Tumor Profiling market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period.
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What Is Covered In The Cancer Tumor Profiling Market Global Market Report?
- Market Size Analysis: Analyze the Cancer Tumor Profiling Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cancer Tumor Profiling Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cancer Tumor Profiling Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cancer Tumor Profiling Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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