Industry Background:
Cancer tumour profiling is done to get genetic information regarding the tumour cells which offer useful insights and information regarding the disease. Cancer tumour profiling helps in the selection of suitable therapy for the treatment of cancer tumour. Cancer tumour profiling provides more precise and accurate information about the clinical outcomes of cancer. The technique plays an important role in the diagnosis of cancer at the molecular level. Cancer tumour profiling may increase the likelihood that a patient will benefit from cancer therapy.This growth is primarily driven by Increase in the Demand for Next Generation Sequencing Techniques in Cancer Tumour Profiling
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Siemens Healthcare GmbH (Germany), F. Hoffmann-La Roche Ltd (Switzerland), Qiagen N.V. (Netherlands), Neogenomics Laboratories Inc. (United States), HTG Molecular Diagnostics Inc. (United States), Perthera, Inc. (United States), Strand Genomics (India), Contextual Genomics (Canada), QIAGEN N.V. (Germany) and Boreal Genomics (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
March 08, 2019: QIAGEN N.V. and Tecan Group AG, a global leader in laboratory automation and liquid handling technology, announced a collaboration to improve the processing of QIAGEN’s QuantiFERON-TB Gold Plus (QFT-Plus) diagnostic test through the utilization of Tecan’s Fluent Laboratory Automation.
March 11, 2019: NeoGenomics, Inc., a leading provider of cancer-focused genetic testing services, announce availability of the Ventana PD-L1 (SP142) Assay for tumor tissue from patients with the triple negative subtype of breast cancer.The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail competitive advantage through combined collaborations.
Influencing Trend:
Growing Utility of Biomarkers in Cancer Tumour Profiling and Rise in Number of Cancer Cases
Market Growth Drivers:
Increase in the Demand for Next Generation Sequencing Techniques in Cancer Tumour Profiling, Rise in the Adoption of the Cancer Tumour Profiling Methods by Oncologists and Growing Need for Point-Of-Care Diagnostic Tests
Challenges:
Targeting Cancer Stem Cells (CSCs) is Difficult and Problems Associated with Cancer Tumour Diagnosis
Restraints:
High Capital Investments and Lack of Skilled Professionals
Opportunities:
Availability of Funding for Cancer Research and Increasing Demand for Personalized Medicine
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Cancer Tumor Profiling Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Cancer Tumor Profiling Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Cancer Tumor Profiling players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cancer Tumor Profiling Study Sheds Light on
The Cancer Tumor Profiling Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cancer Tumor Profiling industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cancer Tumor Profiling industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.