Next Generation Cancer Diagnostics Market
- Business

Next Generation Cancer Diagnostics Market

The Global Next Generation Cancer Diagnostics Market accounted for US$ 5650.9 Million 2020 and is estimated to be US$ 28,746.19 million by 2030 and is anticipated to register a CAGR of 19.8%. NGS is arguably one of the most significant technological advances in biology in the last 30 years. Medical research has embraced Technology because of the genetic nature of cancer, and the cancer sector is at the forefront of these efforts. Discoveries are likely to lead to new diagnostic, prognostic, and therapeutic targets due to global efforts to catalog mutations in a range of cancer forms. NGS has advanced to the point where it is being considered for routine diagnostic use by some laboratories. In addition, NGS has been widely employed in the research community for de novo genome sequencing, DNA resequencing, transcriptome sequencing, and epigenomics. These researches have led the way for the creation of new processes (both molecular and bioinformatic) and a deeper understanding of the Technology’s main advantages and disadvantages.

The report “Global Next Generation Cancer Diagnostics Market, By Technology (RT-PCR, Next Generation Sequencing, DNA Microarray, Lab-on-a-chip, and Others), By Cancer Type (Lung cancer, Prostate cancer, Breast cancer, Colorectal Cancer, and Others), By Application (CTC Analysis, Biomarker, Proteomic Analysis, and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Market Trends, Analysis, and Forecast till 2030.”

Key Highlights:

·         In July 2021, Labcorp (NYSE: LH), a leading global life sciences company,  announced the availability of therascreen KRAS PCR Mutation Analysis, a companion diagnostic to identify patients with non-small cell lung cancer (NSCLC) who are eligible for treatment with LUMAKRAS™ (sotorasib), a new treatment option developed by Amgen.

·         In July 2021, Labcorp (NYSE: LH), a leading global life sciences company, and OmniSeq, a CAP-accredited, molecular diagnostic innovation of Roswell Park Comprehensive Cancer Center, announced the launch of OmniSeq INSIGHT, a comprehensive genomic and immune profiling, tissue-based test that integrates next-generation sequencing (NGS) technology. The test is designed to advance precision oncology and improve patient outcomes as part of Labcorp’s commitment to empowering better health decisions for patients through the addition of cutting-edge diagnostic tools in precision medicine.

See also  A Closer Look At Patient Wait Time And How To Reduce It

Analyst View:

As the incidence of oncology problems develops, demand for next-generation cancer diagnostic tools is likely to rise. These tests are expected to aid in the early identification and accurate prognosis of various cancers, positively impacting the vertical’s growth over the projection period. In addition, the development and introduction of product offerings by many significant firms are expected to provide attractive growth opportunities for this industry. Many hospitals in impoverished countries cannot invest in diagnostic imaging technology due to rising prices, decreasing reimbursement rates, and fiscal constraints. However, due to the rising demand for diagnostic imaging services in these nations, hospitals that cannot afford to buy new imaging equipment opt for used systems.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on ‘Global Next Generation Cancer Diagnostics Market, By Technology (RT-PCR, Next Generation Sequencing, DNA Microarray, Lab-on-a-chip, and Others), By Cancer Type  (Lung cancer, Prostate cancer, Breast cancer, Colorectal Cancer, and Others), By Application (CTC Analysis, Biomarker, Proteomic Analysis, and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Market Trends, Analysis, and Forecast till 2030

To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/Global-Next-Generation-Cancer-Diagnostics-Market-4748

Key Market Insights from the report:

The Global Next Generation Cancer Diagnostics Market accounted for US$ 5650.9 Million 2020 and is estimated to be US$ 28,746.19 million by 2030 and is anticipated to register a CAGR of 19.8%. The Global Next Generation Cancer Diagnostics Market is segmented based on the Technology, cancer type, Application, and region.

See also  Kaia Health Appoints Lumeris Co-Founder Nigel Ohrenstein as President

·         By Technology, the Global Next Generation Cancer Diagnostics Market is segmented into RT-PCR, Next Generation Sequencing, DNA Microarray, Lab-on-a-chip, and Others.

·         By Cancer Type, the market is segmented into Lung cancer, Prostate cancer, Breast cancer, Colorectal Cancer, and Others.

·         By Application, the Global Next Generation Cancer Diagnostics Market is segmented into CTC Analysis, Biomarker, Proteomic Analysis, and Others.

·         By Region, the Global Next Generation Cancer Diagnostics Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the Next Generation Cancer Diagnostics market.

Competitive Landscape:

The key players operating in the global Next Generation Cancer Diagnostics market include Koninklijke Philips N.V., Illumina, Inc.,   F. Hoffmann-La Roche Ltd, Qiagen, Cepheid, Novartis AG, Abbott, Thermo Fisher Scientific, Inc., Sysmex Corporation Opko Health, Inc., Myriad Genetics, Inc., Agilent Technologies, GE Healthcare, PerkinElmer, Inc., Genomic Health, Inc., Hologic, Inc., Almac Group, Janssen Global Services, LLC, and Myriad Genetics.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends, which will help companies enlarge their businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant vital players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, partnerships, and regulatory frameworks across different regions, impacting the market trajectory. Finally, recent technological advances and innovations influencing the global market are included in the report.

About Prophecy Market Insights

Prophecy Market Insights specializes in market research, analytics, marketing/business strategy, and solutions that offer strategic and tactical support to clients to make well-informed business decisions and identify and achieve high-value opportunities in the target business area. We also help our clients address business challenges and provide the best possible solutions to overcome them and transform their business.

See also  Medical Waste Management Market is estimated to be $74.46 B

Some Important Points Answered in this Market Report Are Given Below:

·         Explains an overview of the product portfolio, including product development, planning, and positioning.

·         Explains details about key operational strategies focusing on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.

·         Detailed analysis of the market revenue over the forecasted period.

·         Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.

·         Study on the segments that are anticipated to dominate the market.

·         Study on the regional analysis that is expected to register the highest growth over the forecast period.

Key Topics Covered

1.       Introduction

·         Study Deliverables

·         Study Assumptions

·         Scope of the Study

2.       Research Methodology

3.       Executive Summary

·         Opportunity Map Analysis

·         Market at Glance

·         Market Share (%) and BPS Analysis, by Region

·         Competitive Landscape

·         Heat Map Analysis

·         Market Presence and Specificity Analysis

4.       Investment Analysis

5.       Competitive Analysis

To know more

Contact Us:

Sales

Prophecy Market Insights

  1 860 531 2701

Email- sales@prophecymarketinsights.com

Next Generation Cancer Diagnostics Market

close
Exploring the Innovations Shaping Digital Health

Join the Club

Every week, we'll be sending you curated materials handpicked for Digital Health Professionals - open calls, accelerator deadlines, and more... 

Plus, you'll be the first to know about our discounts!

We don’t spam! Read our privacy policy for more info.