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Strong Growth Ahead: Personalized Cancer Treatment Market Size To Grow At Arecord 10.7% Cagr By 2029
Personalized Cancer Treatment Market
How Big Is the Personalized Cancer Treatment Market Size Expected to Be by 2034?
The personalized cancer treatment market size will increase from $181.55 billion in 2024 to $201.57 billion in 2025, at a CAGR of 11.0%. This growth is driven by advancements in genomics, increased cancer prevalence, adoption of personalized medicine, awareness of treatment options, and improved cancer diagnostics.
The personalized cancer treatment market size is projected to grow to $303.01 billion in 2029 at a CAGR of 10.7%. Growth is driven by targeted therapies, AI advancements, increased cancer research investments, and the growing demand for precision medicine. Major trends include combination therapies, digital health tools, liquid biopsy adoption, and immunotherapy expansion.
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What Are the Emerging Segments Within the Personalized Cancer Treatment Market?
The personalized cancer treatmentmarket covered in this report is segmented -
1) By Treatment Type: Targeted Therapy, Immunotherapy, Hormone Therapy, Chemotherapy, Radiation Therapy, Other Treatment Type
2) By Diagnostic Techniques: Genomic Sequencing, Liquid Biopsy, Immunohistochemistry, In Situ Hybridization, Biomarker Testing, Other Diagnostic Techniques
3) By Cancer Type: Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Melanoma, Other Cancer Types
4) By End-Users: Hospitals And Clinics, Research Institutes, Other End Users
Subsegments:
1) By Targeted Therapy: Monoclonal Antibodies, Small Molecule Inhibitors, Angiogenesis Inhibitors, Signal Transduction Inhibitors
2) By Immunotherapy: Checkpoint Inhibitors, CAR T-Cell Therapy, Cancer Vaccines, Monoclonal Antibodies For Immunotherapy
3) By Hormone Therapy: Anti-Estrogens, Aromatase Inhibitors, Progestins, LHRH Agonists
4) By Chemotherapy: Alkylating Agents, Antimetabolites, Anthracyclines, Taxanes
5) By Radiation Therapy: External Beam Radiation Therapy (EBRT), Brachytherapy, Radioimmunotherapy, Stereotactic Radiosurgery (SRS)
6) By Other Treatment Types: Gene Therapy, Stem Cell Transplantation, Metabolic Therapy, Nanomedicine
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What Long-Term Drivers Are Shaping Personalized Cancer Treatment Market Trends?
The rising prevalence of cancer is expected to accelerate the growth of the personalized cancer treatment market. The increase in cancer cases is attributed to longer life expectancies, lifestyle factors like smoking and obesity, and greater exposure to carcinogens. Personalized cancer treatments offer tailored therapies for various cancer types, stimulating innovation in precision medicine to improve treatment outcomes. The World Health Organization projected a 77% increase in new cancer cases globally by 2050, reaching over 35 million compared to 20 million in 2022.
Who Are the Top Competitors in Key Personalized Cancer Treatment Market Segments?
Major companies operating in the personalized cancer treatment market are Pfizer Inc., Johnson & Johnson, F. Hoffmann-La Roche, Merck & Co. Inc., Bristol Myers Squibb Company, Thermo Fisher Scientific Inc., AstraZeneca Plc, Novartis AG, BioNTech SE, Illumina Inc., Artera, Exact Sciences Corporation., Moffitt Cancer Center, Myriad Genetics, NeoGenomics Laboratories, Guardant Health, Caris Life Sciences, Tempus AI Inc., Foundation Medicine, Immatics, Fate Therapeutics, CureVac AG, TScan Therapeutics, CureMetrix, PDC*line Pharma
What Are the Major Trends Shaping the Personalized Cancer Treatment Market?
Key companies in the personalized cancer treatment market are focusing on AI-powered multimodal immune profile algorithmic tests to predict patient responses to immunotherapy. For example, in July 2024, Tempus AI, a US health tech company, launched an AI-driven immune profile test to predict how patients will respond to immunotherapy, helping doctors personalize cancer treatment.
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Which Regions Are Becoming Hubs for Personalized Cancer Treatment Market Innovation?
North America was the largest region in the personalized cancer treatment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the personalized cancer treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Personalized Cancer Treatment Market?
2. What is the CAGR expected in the Personalized Cancer Treatment Market?
3. What Are the Key Innovations Transforming the Personalized Cancer Treatment Industry?
4. Which Region Is Leading the Personalized Cancer Treatment Market?
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