Global Cancer/Tumour Profiling Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | EMR Inc.

Global Cancer/Tumour Profiling Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | EMR Inc.
Global Cancer/Tumour Profiling Market Report and Forecast 2021-2026
Global Cancer/Tumour Profiling Market to be Driven by the Rising Global Incidence of Cancer and the Use of Biomarkers in Tumour Profiling in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Cancer/Tumour Profiling Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global cancer/tumour profiling market, assessing the market based on its segments like by types of cancer, types of biosensors, technology, research application, clinical applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD7.8 Billion
  • Forecast CAGR (2021-2026): 10.2%
  • Forecast Market Size (2026): USD 14Billion

The growth of the cancer/tumour profiling market is being driven by a rise in cancer research and funding programs, as well as technical advances in profiling technology. Furthermore, the rising demand for personalized medicine and point-of-care diagnostics is projected to provide substantial growth opportunities for market participants during the forecast term.

Industry Definition and Major Segments

Cancer/tumour profiling is used to obtain insight into a patient’s cancer profile and make genomic changes that enable doctors to direct a patient to the best care option. As a result, profiling helps physicians to prevent potentially harmful treatments, reducing errors and trial procedures. Technological advances have aided the growth and application of tumour profiling tools, which can classify core characteristics of a patient’s cancer at an early stage and thereby direct the therapy selection for that patient. Personalized medicine has entered modern clinical practice and is transforming the way certain illnesses are diagnosed, categorized, and treated. It has become a central field of study in the healthcare sector.

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The types of cancer can be divided into:

  • Breast Cancer
  • Lung Cancer
  • Colorectal Cancer
  • Prostate Cancer
  • Melanoma
  • Others

The types of biosensors can be segmented into:

  • Genetic Biomarkers
  • Protein Biomarkers
  • Others

The cancer/tumour profiling market can be broadly categorised based on technology into:

  • Immunoassays
  • Next-Generation Sequencing
  • Polymerase Chain Reaction
  • In Situ Hybridization
  • Microarrays
  • Mass Spectrometry
  • Others

It finds its uses in the research and clinical applications.

Research applications can be further divided into:

  • Biomarker Discovery
  • Personalized Medicine

Clinical applications are further categorised into:

  • Diagnostics
  • Prognostics
  • Monitoring and Treatment
  • Screening

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Market Trends

Cancer/tumour profiling markets are now thriving as a result of technologically sophisticated healthcare infrastructures, the provision of advanced research and development services. Next-generation sequencing (NGS) is a specialized sequencing technology that can be used to precisely sequence tumour DNA. However, immunoassays segment accounted for the largest market share.

It is estimated that over 60% of new cancer cases in the world occur in regions such as Asia, Africa, and South and Central America, and that 70% of cancer deaths occur in these same regions. These regions may be the leading contributors to the growth and development of the global cancer/tumour profiling industry, owing to a large patient pool and potential customers. However, developing areas with high discretionary incomes, such as North America and Europe, are now at the top of the market.

Key Market Players

The major players in the market are Illumina, Inc. (NASDAQ: ILMN), Qiagen N.V., Neogenomic Laboratories, Inc., Sysmex Corporation, HTG Molecular Diagnostics, Inc., Helomics Corporation, Genomic Health, Inc., Caris Life Sciences, among Others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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