Enjoy complimentary customisation on priority with our Enterprise License!
The global tumor profiling market size has the potential to grow by USD 4.85 billion during 2020-2024. The market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.
This report provides a detailed analysis of the market by technology (immunoassays, next generation sequencing, polymerase chain reaction, and in-situ hybridization) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Abbott Laboratories, Agilent Technologies Inc., Becton, Dickinson and Co., bioMérieux SA, Bio-Rad Laboratories Inc., F. Hoffmann-La Roche Ltd., Illumina Inc., QIAGEN NV, Siemens Healthineers AG, and Thermo Fisher Scientific Inc.
Browse TOC and LoE with selected illustrations and example pages of tumor profiling market
The tumor profiling market is currently fragmented. The degree of fragmentation will increase over the forecast period. Vendors are focusing on inorganic growth strategies such as mergers and acquisitions, sponsorships, collaborations, and partnerships to improve their market foothold across geographies. QIAGEN NV, Siemens Healthineers AG, and Thermo Fisher Scientific Inc are a few of the significant market participants. Although the increasing awareness about tumor profiling will offer immense business opportunities to the vendors, high costs associated with the development of biomarkers will challenge the growth of many. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market positions, this tumor profiling market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of the companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. This tumor profiling market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading tumor profiling companies, including:
For more insights on the tumor profiling market share of various regions Request for a FREE sample now!
North America will offer several growth opportunities to market vendors during the forecast period. The increasing prevalence of various cancers and rising awareness about the condition are fueling the tumor profiling market size growth in North America. Moreover, many vendors are offering patient assistance programs to reduce the cost burden for patients, contributing to the market growth in the region.
Over 51% of the overall market’s growth will originate from North America during the forecast period. According to the NIH, by 2030, there will be a significant rise in cancer cases every year. As a result, the expenditure on cancer treatment will rise in the region, increasing the need for tumor profiling techniques. The US is one of the critical markets for the tumor profiling market in the region. The market growth in this region will be slower than that of Asia over the forecast period.
Request for a FREE sample and Get more information on the market contribution of various technologies
Immunoassays are used as a gold standard to conduct tumor profiling on a large scale. Immunoassay test kits are largely used for cancer diagnosis, prognosis, and precise treatment decisions. Therefore, the tumor profiling market growth by the immunoassays segment will be substantial over the forecast period.
The growth rate of the immunoassays market segment is expected to be slower compared with the next generation sequencing segment over the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the tumor profiling market size.
The rising incidence rate of cancer has created a need for early diagnosis techniques, contributing to the sales of advanced diagnostic methods. In addition to the apparent market growth driver, the rising awareness about tumor profiling and diagnosis and personalization of cancer treatment will increase sales for market vendors. Various government organizations and companies are carrying out awareness programs. For instance, Roche raises awareness about cancer genomic testing through educational activities using #PutCancerToTheTest.
On the other hand, non-profit organizations such as Fight Colorectal Cancer offers information on tumor markers through its Biomarked campaign. The awareness about cancer-specific biomarkers will help physicians identify the best treatment options. As a result, sales will increase. Consequently, driving the global cancer profiling market growth over the forecast period.
Request for a FREE sample now!
We can help! Our analysts can customize this report to meet your requirements. Get in touch
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TECHNOLOGY
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.