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Booming Growth in Cancer Profiling Market: Market Size, Key Players, and Trend Analysis
Cancer Profiling Market Size
What Is The Projected Market Size Of The Global Cancer Profiling Market And Its Growth Rate?
• The cancer profiling market includes technologies such as Immunoassays, PCR (Polymerized Chain Reaction), NGS (Next-Generation Sequencing), Microarrays, In-Situ Hybridization.
• Genomic Biomarkers and Protein Biomarkers are the primary biomarker types.
• The market spans across various cancer types including Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Melanoma Cancer, among others.
• It caters to research applications, clinical applications, screening, diagnostics, prognostics, and other applications.
• The global cancer profiling market is predicted to grow from $13.48 billion in 2024 to $15.05 billion in 2025 at a compound annual growth rate (CAGR) of 11.6%.
What Is Driving The Growth In The Cancer Profiling Market?
The rise in cancer incidence is fuelling growth in the cancer profiling market. Increasing adoption of precision medicine approaches, clinical adoption of biomarkers, drug development, targeted therapies, and heightened awareness and patient advocacy are driving factors in the market's growth.
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Who Are the Key Players Driving Cancer Profiling Market Growth?
• The American Society for Radiation Oncology (ASTRO)
• National Institutes of Health (NIH)
• National Cancer Institute (NCI)
These organizations, among others, have been instrumental in increasing funding for cancer research, thereby propelling the growth of the cancer profiling market.
What Are The Key Trends In The Cancer Profiling Market?
• Rise in precision medicine approaches
• Growing clinical adoption of biomarkers
• Development in targeted therapies
• Increasing awareness and patient advocacy
What Are The Segments Of The Global Cancer Profiling Market?
• Technologies involved include Immunoassays, PCR (Polymerized Chain Reaction), NGS (Next-Generation Sequencing), Microarrays, and In-Situ Hybridization.
• Biomarker types include Genomic Biomarkers and Protein Biomarkers.
• The cancer types encompassed are Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Melanoma Cancer, and others.
• Applications range from research applications, clinical applications, screening, diagnostics, prognostics, to others.
Which Region Leads The Cancer Profiling Market?
In 2023, Agilent Technologies, a US-based biotechnology research company, acquired Avida Biomed Inc. for an undisclosed amount. This marked a major milestone in the field, enhancing Agilent's capabilities in the field of molecular biology and playing a pivotal role in developing innovative tools and technologies for synthetic biology applications.
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What Is Covered In The Cancer Profiling Market Global Market Report?
• Market Size Analysis: Analyze the Cancer Profiling Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Cancer 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 Profiling Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Cancer Profiling Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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