The global cancer/tumor profiling market size is expected to reach USD 18.13 Billion in 2028 and register a revenue CAGR of 10.3% over the forecast period, according to latest report by Reports and Data. Rapid market revenue growth can be attributed to benefits of cancer/tumor profiling in cancer treatment. Cancer/tumor profiling facilitates early treatment of patients and discovery of targeted medicine. It also helps in lowering mortality rates and in collecting more data on different types of cancer at various stages.
Cancer/tumor profiling enables doctors to confirm presence of cancer from various proteins, biomarkers, or gene mutations within tissues. This method helps in predicting recurrences of cancer and its spread within the body. Profiling helps oncologists plan treatment in the most effective way to cure this disease.
Growing investments by private players on new technologies and government spending on healthcare are increasing demand for cancer/tumor profiling. Cancer/tumor profiling is one of the most effective tools in diagnosing cancer at early stages. It can help in collecting information about specific genes and biomarkers that are highly responsible for mutation. As cancer is an inheritable disease, upcoming generations can be protected from it with the help of cancer/tumor profiling.
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The report initially offers market introduction, market overview, product scope, market opportunities, growth prospects, risks, limitations, and key drivers. The report also covers a comprehensive analysis of the competitive landscape with extensive profiling of the key competitors. It covers recent technological advancements, product developments, product launches, mergers and acquisitions, collaborations, joint ventures, and partnerships.
Key Companies in the market include:
Thermo Fisher Scientific Inc., Illumina Inc., Siemens AG, F.Hoffmann La Roche Ltd, Nanostring Technologies Inc., BioGenex, Neogenomics Laboratories Inc., HTG Molecular Diagnostics Inc., Perkin Elmer Inc, CellCarta Inc, Ribomed Biotechnologies Inc, Perthera, Qiagen N.V., and Personalis Inc.
Market segment analysis:
Cancer Type Outlook (Revenue, USD Billion; 2018–2028)
- Lung Cancer
- Breast Cancer
- Colorectal Cancer
- Prostate Cancer
- Ovarian Cancer
- Stomach Cancer
- Pancreatic Cancer
- Thyroid Cancer
Technology Outlook (Revenue, USD Billion; 2018–2028)
- Fluorescence in situ Hybridization (FISH)
- Next-Generation Sequencing (NGS)
- Quantitative Polymerase Chain Reaction (qPCR)
- Chromogenic in Situ Hybridization (CISH)
Biomarker Type Outlook (Revenue, USD Billion; 2018–2028)
Process Type Outlook (Revenue, USD Billion; 2018–2028)
Application Outlook (Revenue, USD Billion; 2018–2028)
- Machine learning
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Regional analysis further covers a country-wise analysis to offer insights into key trends and demands in each major country that might affect the growth of the market in the region.
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Key Features of the Global Cancer and Tumor Profiling Market Report:
- Comprehensive analysis of the key players operating in the market along with their SWOT analysis, their business profiles, business overview, market share, global position, and market value
- Identification and analysis of significant trends and factors driving revenue growth of the market
- Analysis of the competitive landscape along with strategic mergers, expansions, agreements, partnerships, joint ventures, acquisitions, and product launches
- Assessment of each market segment along with their growth trends and market revenue contribution
- Study of the key regions to pinpoint growth potential and study opportunities, threats, limitations, and risks
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