Press release
Cancer NGS Testing Platform Market Set to Surge - Key Insights You Must Know
Cancer NGS Testing Platform Market SizeThe global market for Cancer NGS Testing Platform was valued at US$ 527 million in the year 2024 and is projected to reach a revised size of US$ 1381 million by 2031, growing at a CAGR of 15.0% during the forecast period.
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The Cancer NGS Testing Platform (NGS) is a high-throughput, highly sensitive gene sequencing technology platform capable of performing parallel sequencing and analysis of large numbers of DNA or RNA sequences in a short period of time. It is widely used in areas such as disease gene screening, personalized tumor treatment, genetic disease diagnosis, and microbial testing, providing powerful technical support for precision medicine and life science research.The market size in 2024 is expected to be US$520 million.
North American market for Cancer NGS Testing Platform is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Cancer NGS Testing Platform is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The global market for Cancer NGS Testing Platform in Hospitals is estimated to increase from $ million in 2024 to $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global companies of Cancer NGS Testing Platform include GRAIL, Exact Sciences, Guardanthealth, Akery, Foundation Medicine, Illumina, Inc., Hangzhou New Horizon Health Technology Co., Ltd., Berry Oncology Co., Ltd., Genetron Health (Beijing) Co., Ltd., Yeasen, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Cancer NGS Testing Platform, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cancer NGS Testing Platform.
The Cancer NGS Testing Platform market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Cancer NGS Testing Platform market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Cancer NGS Testing Platform companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
By Type
• DNA Methylation Sequencing
• Whole Genome Sequencing Based On cfDNA Fragmentation End Characteristics and CNV
By Application
• Hospitals
• Clinics
• Medical Laboratories
• University Laboratories
Key Companies
GRAIL, Exact Sciences, Guardanthealth, Akery, Foundation Medicine, Illumina, Inc., Hangzhou New Horizon Health Technology Co., Ltd., Berry Oncology Co., Ltd., Genetron Health (Beijing) Co., Ltd., Yeasen, Guangzhou Burning Rock Dx Co., Ltd., BGI Genomics Co., Ltd., Jiangsu Huayuan Biotechnology Co., Ltd.
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