Global Cancer Tumor Profiling Market Forecast to 2027

This report on the Cancer Tumor Profiling Market is the result of in-depth primary and secondary research, as well as qualitative and quantitative analysis of important market segments. The clever information is also endorsed and confirmed by industry professionals. The purpose of the research is to offer more information on the overall market environment for the Cancer Tumor Profiling industry.

The Cancer Tumor Profiling Market is expected to reach USD 31.99 Billion by 2027, according to a new report by Emergen Research. This market's growth is attributed to the increasing use of biomarkers in cancer profiling, eventually rising adoption of proteomic methods for biomarker research, thus helping to increase the drug development process over the estimated period. The growing demand for personalized medicine and the rise in cancer incidence across the globe is augmenting the demand for the industry. According to the World Health Organization (WHO), Lung and Breast cancer is a common type of cancer, with around 2.09 million cases every year. The growing demand for cancer tumor profiling is driving the market for the estimated period.

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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Cancer Tumor Profiling market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Companies Profiled in the Report are:

Caris Life Sciences, Foundation Medicine, GenomeDX, Genomic Health, Guardant Health, Helomics Corporation, HTG Molecular Diagnostics, Inc., Nanostring Technologies, Neogenomics Inc., Oxford Gene Technology, Qiagen N.V., Ribomed Biotechnologies.

Research Report on the Cancer Tumor Profiling Market Addresses the Following Key Questions:

  • Who are the dominant players of the Cancer Tumor Profiling market?
  • Which regional market is anticipated to have a high growth rate over the projected period?
  • What consumer trends and demands are expected to influence the operations of the market players in the Cancer Tumor Profiling market?
  • What are the key growth drivers and restraining factors of the Cancer Tumor Profiling market?
  • What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
  • What is the overall impact of the COVID-19 pandemic on the Cancer Tumor Profiling market and its key segments?

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Some Key Highlights from the Report

  • The Genomics segment was valued at 2.76 Billion in 2019, owing to the rise in the research institutes' funding for developing modified medicine is expected to increase the demand for the genomics industry. The use of genomics technology by various companies for cancer tumor profiling is anticipated to increase the overall genomics industry's demand for the upcoming forecast period.
  • Asia Pacific countries such as China, India, and Japan, have seen a striking increase in cancer tumor profiling. Developing economies, including India, Singapore, and Korea, are anticipated to intensify global demand.
  • High investments by companies to launch new products for cancer tumor profiling with various advancement in the new technique is augmented to propel the market. For instance, in May 2019, QIAGEN, launched therascreen PIK3CA RGQ PCR Kit as a companion diagnostic to aid in identifying breast cancer patients.
  • Immunoassays segments are seen to have the largest market share in 2019. The Immunoassays technology is used to detect tumors with applications in Oncological Diagnostics, Prognostics, Monitoring and Treatment, and Screening.
  • In 2019, the Research Application segment was valued at USD 5.67 Billion owing to the rise in the research and development, increasing demand for personalized medicine. The use of cancer tumor profiling helps to decide whether the patients require a diagnostic test. Furthermore, advancement in molecular biology is one of the factors to boost market growth. 
  • The North America regional section held the most extensive share in the Cancer tumor profiling industry, with 37.2% in 2019. The industry is dominated in this region due to substantial growth in clinical and research applications and key players in the region.

Market Segmentations of the Cancer Tumor Profiling Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2020 and 2027. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Cancer Tumor Profiling market on the basis of product, application, and region:

Segments Covered in this report are:

  • Technique Type Outlook (Revenue, USD Billion; 2017-2027)
    • Genomics
    • Epigenetics
    • Metabolomics
    • Proteomics
  • Technology Outlook (Revenue, USD Billion; 2017-2027)
    • Immunoassays
    • In Situ Hybridization
      1. Fluorescence In Situ Hybridization (FISH)
      2. Chromogenic In Situ Hybridization (CISH)
    • Microarray
    • Polymerase Chain Reaction (PCR)
    • Sequencing Technologies
      1. Next Generation Sequencing(NGS)
      2. Pyro Sequencing
      3. Sanger Sequencing
    • Other Technologies
  • Application Outlook (Revenue, USD Billion; 2017-2027)
    • Research Application
      1. Biomarker Discovery
      2. Personalized Cancer Medicine
    • Clinical Application
      1. Oncological Diagnostics
      2. Prognostics
      3. Monitoring and Treatment
      4. Screening

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Regional Landscape section of the Cancer Tumor Profiling report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key reasons to buy the Global Cancer Tumor Profiling Market report:

  1. The latest report comprehensively studies the global Cancer Tumor Profiling market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
  2. The report offers an insightful analysis of the regional outlook of the market.
  3. It offers a detailed account of the end-use applications of the products services offered by this industry.
  4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

In conclusion, the Cancer Tumor Profiling Market report is an exhaustive database that will help readers formulate lucrative strategies. The Cancer Tumor Profiling Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.

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