Press release
Precision Oncology Market Top Companies Study - Laboratory Corporation of America Holding; Exact Sciences Corporation; Rain Oncology Inc.; Strata Oncology, Inc.; Xilis, Inc.
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Precision Oncology Market Size, Share & Trends Analysis Report By Product Type (Diagnostics, Therapeutics), By Cancer Type (Breast Cancer, Cervical Cancer, Prostate Cancer, Lung Cancer), By End-use (Hospitals & Diagnostic Laboratories, Pharmaceutical & Biotechnology Companies, and Healthcare Data Companies)- Market Outlook And Industry Analysis 2031"The global Precision Oncology market is estimated to reach over USD 230.71 billion by 2031, exhibiting a CAGR of 10.68% during the forecast period.
Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/1691
Increased attempts to define genes, an increase in online collaboration forums, and developments in cancer biology are the reasons propelling the market's expansion. While the prevalence of life-threatening medical disorders, including cancer and rare diseases, has increased over the past few years, numerous gene treatments, diagnostics, and medications have been introduced in this field. For instance, the Globocan 2021 fact sheet estimates that by 2025, there will be 21.8 million additional instances of cancer. The rising number of cancer cases is anticipated to increase the demand for precision medicine and, in turn, boost the market's expansion.
Furthermore, the development of the industry under review is being fueled by developments in cell biology and technology. For instance, in May 2021, AdventHealth will launch a data-driven precision medicine initiative as part of the expansion of its genomics programme. This initiative will organise and integrate longitudinal patient data with molecular testing data, resulting in the creation of a dataset and disease network models that will aid the healthcare system in better anticipating the onset of diseases and how they will respond to treatments. Thus, these developments are fueling the expansion of the market under study.
List of Prominent Players in the Precision Oncology Market:
• Acrivon Therapeutics
• AstraZeneca
• Bioserve
• Bristol-Myers Squibb
• Eli Lilly
• Exact Sciences Corporation
• F Hoffmann-La Roche AG
• Illumina, Inc.
• Invitae Corporation
• Laboratory Corporation Of America Holding
• Novartis AG
• Qiagen N.V.
• Quest Diagnostics
• Rain Oncology Inc.
• Relay Therapeutics
• Strata Oncology, Inc.
• Thermo Fisher Scientific Inc.
• Variantyx, Inc.
• Xilis, Inc.
Expert Knowledge, Just a Click Away: https://calendly.com/insightaceanalytic/30min?month=2025-01
Market Dynamics:
Drivers-
Some important drivers of the market's expansion are innovation and the accessibility of new technology. As a standard of treatment for cancer patients, the Cleveland Clinic, for instance, expanded its advanced genomic testing platform in November 2021. Whole-exome sequencing, which analyses every piece of DNA in the genes involved for producing proteins in the body, and RNA sequencing, which evaluates how these proteins are encoded, are both used in this enhanced capacity to screen tumour samples. The market is anticipated to experience rapid expansion throughout the forecast period thanks to developments in precision medicines and diagnostics, as well as game-changing innovations like Next Generation Sequencing (NGS) and big genomic data.
Challenges:
Genetic testing, which is necessary to analyse mutations before prescribing precision medicine, is not covered by insurers. Medical professionals and other healthcare professionals will need to thoroughly understand molecular genetics and biochemistry if precision medication procedures are to become a standard part of healthcare. Despite evidence of significant associations between genotype and illness risk or treatment efficacy, several of the tests' lack of clinical value appeared to be the deciding factor for coverage.
Regional Trends:
The largest market share was in North America. Precision Oncology is becoming more and more in demand in well-established end-user activities, and it is anticipated to experience a sizable CAGR throughout that time. Furthermore, Precision Oncology will have profitable chances in the roofing plans industry thanks to the growing domestic and industrial construction activity in the U.S. Due to improvements in gene mapping technologies, which play a crucial role in the expansion of the domestic industry, the Americas are anticipated to entirely control the global precision medicine market throughout the forecast period.
Unlock Your GTM Strategy: https://www.insightaceanalytic.com/customisation/1691
Recent Developments:
• In December 2022, By the end of 2023, according to Roche, a medication for the uncommon autoimmune condition neuromyelitis optica spectrum disease (NMOSD) would be available in India. Precision medicine is the emphasis of this medication.
Segmentation of Precision Oncology Market-
By Product Type-
• Diagnostics
• Therapeutics
By Cancer Type-
• Breast Cancer
• Colorectal Cancer
• Cervical Cancer
• Prostate Cancer
• Lung Cancer
• Others
By End Use -
• Hospitals & Diagnostic Laboratories
• Pharmaceutical & Biotechnology Companies
• Healthcare Data Companies
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Precision Oncology Market Top Companies Study - Laboratory Corporation of America Holding; Exact Sciences Corporation; Rain Oncology Inc.; Strata Oncology, Inc.; Xilis, Inc. here
News-ID: 3836417 • Views: …
More Releases from Insightace Analytic Pvt Ltd.

Packaging Testing Market Outlook on Increasing Demand Across Food Beverage Pharm …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Packaging Testing Market Size, Share & Trends Analysis Report By Type (Physical, Chemical, Microbiological), Material (Glass, Plastic, Paper, Metals), Technology (Physical tests, Spectroscopy & Photometric-based, Chromatography-based)- Market Outlook And Industry Analysis 2031"
The global packaging testing market is estimated to reach over USD 38.98 billion by 2031, exhibiting a CAGR of 11.72% during the forecast period.…

Pharmaceutical Packaging Market Analysis Focusing on Plastics, Glass, Paper, and …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Pharmaceutical Packaging Market Size, Share & Trends Analysis Report By Material (Plastics & Polymers, Paper & Paperboard, Glass, Aluminum Foil), By Product (primary, secondary and tertiary), By End-use (pharma manufacturing, contract packaging, retail pharmacy and institutional pharmacy)- Market Outlook And Industry Analysis 2034"
The Global Pharmaceutical Packaging Market is estimated to reach over USD 356.76 billion…

Blow Fill Seal CDMO Market Expansion Supported by Increasing Prevalence of Chron …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Blow Fill Seal CDMO Market Size, Share & Trends Analysis Report By Types (Bottles, Ampoules, Pre-filled Syringes, Injectable, Others), By Applications (Medical Institutions, Research Institutes, Pharmaceutical Company, Others)- Market Outlook And Industry Analysis 2031"
The Global Blow Fill Seal CDMO Market is estimated to exhibit a CAGR of 4.81% during the forecast period.
Get Free Access…

Sustainable Pharmaceutical Packaging Market Opportunities Driven by Rising Gener …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Sustainable Pharmaceutical Packaging Market Size, Share & Trends Analysis Report By Raw Material (Plastics, Paper & Paperboard, Glass, Metal), Product Type, Process (Recyclable, Reusable, And Biodegradable), Packaging Type (Primary, Secondary) Market Outlook And Industry Analysis 2034"
The global sustainable pharmaceutical packaging market is estimated to reach over USD 372.46 billion by the year 2034, exhibiting a…
More Releases for Oncology
Veterinary Oncology Market Report 2024 - Veterinary Oncology Market Size, Share …
"The Business Research Company recently released a comprehensive report on the Global Veterinary Oncology Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, The veterinary oncology market size…
Hepatocellular Carcinoma Pipeline 2024 | Can-Fite BioPharma, Sinocelltech, AVEO …
DelveInsight, "Hepatocellular Carcinoma Pipeline Insight 2024" report provides comprehensive insights about 90+ companies and 95+ pipeline drugs in Hepatocellular Carcinoma pipeline landscape. It covers the Hepatocellular Carcinoma pipeline drug profiles, including clinical and nonclinical stage products. It also covers the Hepatocellular Carcinoma therapeutics assessment by product type, stage, route of administration, and molecule type. It further highlights the inactive pipeline products in this space.
Key Takeaways from the Hepatocellular Carcinoma Pipeline…
Oncology Clinical Trials Market: Collaboration and Innovation in Oncology Resear …
Allied Market Research analysts have recently conducted a comprehensive research study titled "Oncology Clinical Trials Market: Global Outlook and Forecast 2023-2030." The report provides detailed information and analysis on key players in the market, including PAREXEL International, PRA Health Sciences, Syneos Health, Medpace, Novotech, Pivotal, Novartis, Merck, Bristol Myers Squibb company, and F. Hoffmann-La Roche. The study offers an in-depth analysis that encompasses clear market definitions, classifications, manufacturing processes, cost…
Hemato Oncology Testing Market Global Hemato Oncology Testing Market, Hemato Onc …
Global Hemato Oncology Testing Market Research report is an in-depth study of the market Analysis. Along with the most recent patterns and figures that uncovers a wide examination of the market offer. This report provides exhaustive coverage on geographical segmentation, latest demand scope, growth rate analysis with industry revenue and CAGR status. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study…
Oncology Market Size to Hit $447.3 Billion by 2028 | Oncology Industry Forecast …
Market Overview:
According to our experience research team, Oncology Market was valued at USD 283.5 Billion in 2021, and the global Oncology industry is projected to reach a value of USD 447.3 Billion by 2028, at a CAGR of 7.9% during the forecast period 2022-2028
Vantage Market Research is a collection of market research studies on several industries, such as Chemicals, semiconductors & Electronics, Food & Beverages Technology, Energy & Power, Agriculture,…
Immuno Oncology Assays Market Size, Immuno Oncology Assays Market Prediction, Im …
The Immuno Oncology Assays Market Report examines the Immuno Oncology Assays industry from a variety of angles, including market size, status, trends, and forecasts. It also gives a quick rundown of the top competitors and development opportunities in the market. The research contains a comprehensive study of the keyword market, split by companies, regions, types, and applications.
The research goes into great detail on several aspects that have been studied as…