MarkNtel Advisors has recently study an extensive market intelligence analysis on the Global Cancer Profiling Market. The newly released report showcases an engaging format enriched with visually compelling tables, graphs, charts, and figures. These seamlessly integrated visual aids are designed to bolster the accuracy and clarity of the information presented, offering readers a thorough grasp of the topic at hand.
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How big is the Cancer Profiling market?
The Global Cancer Profiling Market size is estimated to grow at a CAGR of around 11.5% during the forecast period, i.e., 2024-30. The major factors responsible for the market growth include; the rising prevalence of cancer, increasing research on cancer therapies, and the launch of improved technologies for tumor profiling among others.
Factors Influencing Cancer Profiling Market Growth: An Analysis of Market Drivers:
Rising Adoption of Precision Medicine Augmenting Market Growth – Personalized medicines are treatments that are tailored to a patient’s unique genetic, environmental, and lifestyle characteristics to deliver targeted & precise therapies. The consumers’ growing awareness of personalized medicine’s superior efficacy to conventional medicine for cancer treatment has been driving their demand, especially across countries the US, India, the UK, etc.
Along with the rising awareness, the expanding prevalence of cancer like breast cancer, ovarian cancer, etc., across countries like China, Canada, Australia, etc., due to lifestyle, environmental conditions, genetic mutation, etc., is further creating the need for personalized medicines in these countries. Consequently, the advancement of personalized cancer treatments has spurred the expansion of the cancer profiling services market, as these services are essential during the developmental stages for identifying various biomarkers.
Geographical Insight: Cancer Profiling Industry
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Among them, North America has been dominating the Global Cancer Profiling Market over the historical years. This has been mainly attributed to the unhealthy lifestyle of consumers, which has been leading to the rising prevalence of cancer across the region.
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Competitor Breakdown: Global Cancer Profiling Market
In the fast-changing Global Cancer Profiling Market, understanding what our competitors are doing is really important. By carefully looking at things, we figure out who the major market players are, what they’re good at, and where they’re not so good. This helps us make smart choices and do well in the competition. Understanding our rivals helps to grow fast and do their best. By keeping a close eye on our competitors and changing our approach when needed, we stay ahead and grab opportunities for growth. Also, watching what customers like and how the market is changing helps stay ahead of the competition.
Names of major industry players are NeoGenomics Laboratories, Eurofins Genomics GmbH, F. Hoffmann-La Roche Ltd (Foundation Medicine) , OncoDNA SA, 10x Genomics, Inc., Caris Life Sciences., Geneseeq Technology Inc., Genetron , Holdings Limited, Laboratory Corporation of America Holdings (LabCorp), Dante Labs Inc., Celemics, Inc., Strand Life Sciences, Myriad Genetics, Inc., QIAGEN GmbH, Tempus Labs, Others.
Segmentation Analysis: Cancer Profiling Market
By Type of Cancer
> Breast Cancer – Market Size & Forecast 2019-2030, USD Million
> Colorectal Cancer – Market Size & Forecast 2019-2030, USD Million
> Gynecological Cancer – Market Size & Forecast 2019-2030, USD Million
> Leukemia – Market Size & Forecast 2019-2030, USD Million
> Prostate Cancer – Market Size & Forecast 2019-2030, USD Million
> Lung Cancer – Market Size & Forecast 2019-2030, USD Million
> Others (Pancreatic Cancer, Skin Cancer, etc.) – Market Size & Forecast 2019-2030, USD Million
By Technology
> Next-Generation Sequencing – Market Size & Forecast 2019-2030, USD Million
> Polymerase Chain Reaction – Market Size & Forecast 2019-2030, USD Million
> Mass Spectrometry – Market Size & Forecast 2019-2030, USD Million
> In-Situ Hybridization – Market Size & Forecast 2019-2030, USD Million
> Microarrays Analysis – Market Size & Forecast 2019-2030, USD Million
> Others (Single-Cell Sequencing, etc.) – Market Size & Forecast 2019-2030, USD Million
By Biomarker Type
> Genomic Biomarkers- Market Size & Forecast 2019-2030, USD Million
> Proteomics Biomarkers- Market Size & Forecast 2019-2030, USD Million
> Others (Epigenetic Biomarkers, Metabolomics Biomarkers, etc.)- Market Size & Forecast 2019-2030, USD Million
By Cell Type
> Germline – Market Size & Forecast 2019-2030, USD Million
> Somatic – Market Size & Forecast 2019-2030, USD Million
By Application
> Oncology Research – Market Size & Forecast 2019-2030, USD Million
> Precision Medicine – Market Size & Forecast 2019-2030, USD Million
> Clinical Diagnostics – Market Size & Forecast 2019-2030, USD Million
> Others (Prognosis, Monitoring and Recurrence Detection, etc.) – Market Size & Forecast 2019-2030, USD Million
By End-User
> Hospitals and Clinics – Market Size & Forecast 2019-2030, USD Million
> Research Institutions and Laboratories – Market Size & Forecast 2019-2030, USD Million
> Diagnostic Service Providers – Market Size & Forecast 2019-2030, USD Million
> Pharmaceutical and Biotechnology Companies – Market Size & Forecast 2019-2030, USD Million
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