Market Overview: Global Cancer Profiling Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Cancer Profiling Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Cancer Profiling Market Insights 2024-30

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.

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Top Players in the Cancer Profiling Market:

• NeoGenomics Laboratories
• Eurofins Genomics GmbH
• 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 of Cancer Profiling Market

Cancer Profiling Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By Application

• Oncology Research
• Precision Medicine
• Clinical Diagnostics
• Others (Prognosis, Monitoring and Recurrence Detection, etc.)

Within this group, oncology research acquires a major share of the Global Cancer Profiling Market. The rising prevalence of chronic cancer diseases, such as breast cancer, prostate cancer, etc., has been propelling pharmaceutical companies & biotech companies like Takeda, Pfizer, etc., to advance their research & development of new drugs & therapies. As a result, the demand for tumor profiling tests has been increasing since these testing services are used at various stages of drug development, such as preclinical testing, clinical trials, and others.

Moreover, the growing need to evaluate the safety & efficacy of these new drugs is also augmenting the requirement for reliable & accurate cancer profiling services. Hence, the rising growth in oncology research for drug development in the biopharmaceutical industry owing to an increasing focus on precision medicine has been driving the Global Cancer Profiling Market.

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-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 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

A Comprehensive Geographical Analysis:

-By Region

• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa

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. For instance, in 2020, the American Cancer Society reported that there were around 1.8 million new cancer cases diagnosed in the United States alone. Hence, the need for cancer panels and profiling has improved with a growing cancer burden, which has contributed to the overall growth of the market across the region.

Further, the American Cancer Society has also predicted that the cancer rate is projected to increase across the US in the coming years, which would contribute to the region’s dominance in the market in the coming years as well.

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