The Cancer Tumor Profiling Market is expected to reach USD 31.99 Billion by 2027, according to a new report by Emergen Research. This market's growth is attributed to the increasing use of biomarkers in cancer profiling, eventually rising adoption of proteomic methods for biomarker research, thus helping to increase the drug development process over the estimated period. The growing demand for personalized medicine and the rise in cancer incidence across the globe is augmenting the demand for the industry. According to the World Health Organization (WHO), Lung and Breast cancer is a common type of cancer, with around 2.09 million cases every year. The growing demand for cancer tumor profiling is driving the market for the estimated period.
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The rise in the adoption of the cancer tumor profiling methods by oncologists is seen to drive the market because of the efficacy of cancer tumor profiling for diagnosis at the early stage of cancer, which is one factor in boosting the market growth. However, technical issues with sample collection and storage remain one of the factors that hinder the growth of the market for the forecast period.
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The Cancer Tumor Profiling market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Cancer Tumor Profiling market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Cancer Tumor Profiling market.
Based on Type, the Cancer Tumor Profiling Market is segmented into:
- Small Cell
- Genomics
- Epigenetics
- Metabolomics
- Proteomics
Technology Outlook (Revenue, USD Billion; 2017-2027)
- Immunoassays
- In Situ Hybridization
- Fluorescence In Situ Hybridization (FISH)
- Chromogenic In Situ Hybridization (CISH)
- Microarray
- Polymerase Chain Reaction (PCR)
- Sequencing Technologies
- Next Generation Sequencing(NGS)
- Pyro Sequencing
- Sanger Sequencing
- Other Technologies
Application Outlook (Revenue, USD Billion; 2017-2027)
- Research Application
- Biomarker Discovery
- Personalized Cancer Medicine
- Clinical Application
- Oncological Diagnostics
- Prognostics
- Monitoring and Treatment
- Screening
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Based on the competitive landscape, the market report analyzes the key companies operating in the industry:
Caris Life Sciences
Foundation Medicine
GenomeDX
Genomic Health
Guardant Health
Helomics Corporation
HTG Molecular Diagnostics
Nanostring Technologies
Neogenomics Inc.
Oxford Gene Technology
Qiagen N.V.
Ribomed Biotechnologies Inc.Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Benefits of Buying the Global Cancer Tumor Profiling Report:
- Comprehensive analysis of the changing competitive landscape
- Assists in decision making processes for the businesses along with detailed strategic planning methodologies
- The report offers an 8-year forecast and assessment of the Global Cancer Tumor Profiling Market
- Helps in understanding the key product segments and their estimated growth rate
- In-depth analysis of market drivers, restraints, trends, and opportunities
- Comprehensive regional analysis of the Global Cancer Tumor Profiling Market
- Extensive profiling of the key stakeholders of the business sphere
- Detailed analysis of the factors influencing the growth of the Global Cancer Tumor Profiling Market
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