Market Analysis and Insights: Cancer Tumor Profiling Market
The cancer tumor profiling market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 12.25% in the forecast period of 2021 to 2028 and is expected to reach USD 3,951.34 million by 2028. The increase in prevalence of cancer among population across the globe and the increase in biomarkers adoption in tumor profiling are factors escalating the growth of cancer tumor profiling market.
Cancer is generally differentiated as uncontrolled cell growth which could be fatal. Environmental reasons mostly cause the altering of gene encoding which triggers cell regulation. The cell mutation leads to abnormal cell growth which affects the neighboring cells and organs. Cancer or tumor profiling refers to a diagnostic test which offers genetic information regarding the cancer or tumor present in an individual’s body. This diagnostic test assists in determining the correct course of action, identifying the stage of cancer or and predicting the reoccurrence of the cancer or tumor. It also helps in determining the specific therapeutics for the patient.
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Cancer Tumor Profiling Market Scope and Market Size
The global cancer tumor profiling market is segmented on the basis of cancer type, biomarker type, technology, technique and application. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
• On the basis of cancer type, the cancer tumor profiling market is segmented into breast cancer, lung cancer, colorectal cancer, prostate cancer, melanoma cancer and other cancer.
• On the basis of biomarker type, the cancer tumor profiling market is segmented into genomic biomarker and protein biomarker.
• On the basis of technology, the cancer tumor profiling market is segmented into immunoassays, next-generation sequencing, polymerase chain reaction, mass spectrometry, in-situ hybridization, microarrays and others.
• On the basis of technique, the cancer tumor profiling market is segmented into genomics, proteomics, metabolomics and epigenetics.
• On the basis of application, the cancer tumor profiling market is segmented into research, biomarker discovery, personalized medicine, clinical application, diagnostics, prognostics, screening and treatment and monitoring.
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Global Cancer Tumor Profiling Market Country Level Analysis
Global cancer tumor profiling market is analyzed and market size insights and trends are provided by country, cancer type, biomarker type, technology, technique and application as referenced above.
The countries covered in the cancer tumor profiling market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the cancer tumor profiling market because of the increasing number of cancer/tumor patients, presence of leading players, rise in oncology research activities to novel therapy and advanced technologies and their growing adoption. Asia-Pacific is estimated to grow in the forecast period of 2021-2028 due to the massive population, availability of massive untapped markets and low penetration rate in the region.
The country section of the cancer tumor profiling market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Competitive Landscape and Cancer Tumor Profiling Market Share Analysis
The cancer tumor profiling market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cancer tumor profiling market.
The major players covered in the cancer tumor profiling market report are Illumina, Inc., QIAGEN, NeoGenomics Laboratories, Inc., Sysmex Corporation, HTG Molecular Diagnostics, Inc., Helomics Corp., Caris Life Sciences, NanoString Technologies, Inc., Ribomed, Guardant Health, FOUNDATION MEDICINE, INC, F. Hoffmann-La Roche Ltd, GenScript, Tempus, histogenex, Hologic, Inc., Boreal Genomics Inc., Perthera, Inc., Agendia, OmniSeq Corporation, Personal Genome Diagnostics Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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