What is Cancer Profiling Market Scope?
Cancer profiling is done to get genetic information regarding the tumor cells which offer useful insights and information regarding the disease. Cancer profiling helps in the selection of suitable therapy for the treatment of cancer. Cancer 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 profiling may increase the likelihood that a patient will benefit from cancer therapy.
Influencing Trend:
Growing Utility of Biomarkers in Cancer Profiling and Rise in Number of Cancer Cases
Market Growth Drivers:
Increase in the Demand for Next Generation Sequencing Techniques in Cancer Profiling, Rise in the Adoption of the Cancer 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 Diagnosis
Restraints:
High Capital Investments and Lack of Skilled Professionals
Opportunities:
Availability of Funding for Cancer Research and Increasing Demand for Personalized Medicine
The Cancer Profiling market study is being classified by Type (Breast Cancer, Lung Cancer, Prostate Cancer, Thyroid Cancer, Kidney Cancer and Others [Melanoma, Colorectal, Bladder, Leukemia]), by Application and major geographies with country level break-up.
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. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Cancer Profiling market throughout the predicted period.
Qiagen (Germany), 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), Boreal Genomics (United States), Oxford Gene Technology Ltd (United Kingdom), GenomeDx (Canada) and Foundation Medicine Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Helomics Corp (United States), Siemens Healthcare GmbH (Germany), F. Hoffmann-La Roche Ltd (Switzerland) and NanoString Technologies Inc. (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Cancer Profiling market by Type, Application and Region.
On the basis of geography, the market of Cancer Profiling has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
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.
Key Target Audience
Companies Offering Platforms for Cancer Diagnosis, Healthcare Industry, Research Institutes and Government Bodies
Cancer Profiling Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (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 |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Cancer Profiling Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Cancer Profiling industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.