According to a new market report published by Lucintel, the future of the cancer/tumor profiling market looks promising with opportunities in the clinical and research applications. The cancer/tumor profiling market is expected to grow with a CAGR of 11% from 2019 to 2024. The major drivers for this market are growing demand for cancer profiling method by oncologists to diagnose cancers, rise in adoption of cancer biomarkers for tumor profiling, increasing utility of biomarkers in tumor profiling, increasing cancer patients across the globe, and growth in use of next-generation sequencing technique for cancer profiling.
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In this market, immunoassays, hybridization, next-generation sequencing, and mass spectroscopy technologies are used to identify the cancer/tumor. Sequencing is the largest technology segment of the cancer/tumor profiling market.
Within the cancer/tumor profiling market, genetic biomarkers and protein biomarkers are the major biomarker type. Genetic biomarker is the largest segment of the cancer/tumor profiling market.
North America will remain the largest region over the forecast period due to increasing investments for the discovery and development of biomarkers, growing demand for personalized therapeutics, rising adoption of advanced omics technologies for cancer research, and the increasing use of biomarkers for drug development.
Illumina, Qiagen N.V., Neogenomics Laboratories, HTG Molecular Diagnostics, Genomic Health, Caris Life Sciences, Helomics, Nanostring Technologies, Oxford Gene Technology, and Ribomed Biotechnologies are among the major manufacturers of cancer/tumor profiling devices.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the cancer/tumor profiling market by application, technology, cancer type, biomarker type, and region. Lucintel has prepared a comprehensive research report titled "Cancer/Tumor Profiling Market 2019-2024: Trends, Forecast, and Opportunity Analysis". The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the cancer/tumor profiling market by application, technology, cancer type, biomarker type, and region as follows:
By Application [$M shipment analysis for 2013 – 2024]:
Clinical Applications
Research Applications
By Technology [$M shipment analysis for 2013 – 2024]:
Immunoassays
Hybridization
Next-generation Sequencing
Mass Spectroscopy
Other Technologies
By Cancer Type [$M shipment analysis for 2013 – 2024]:
Breast Cancer
Lung Cancer
Colorectal Cancer
Prostate Cancer
Melanoma Cancer
Other Cancer Types
By Biomarker Type [$M shipment analysis for 2013 – 2024]:
Genetic Biomarkers
Protein Biomarkers
Other Biomarkers
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Italy
Spain
Asia-Pacific
ROW
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/cancer-tumor-profiling-market.aspx or helpdesk@lucintel.com.
About Lucintel
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