About Clinical Oncology Next Generation Sequencing (NGS)
Next Generation Sequencing is a highly sensitive method for detecting mutations in samples containing as little as 5% tumor cells. It can be multiplexed, which means that multiple genes can be targeted at the same time, allowing for the detection of multiple mutations in the same assay. The specificity of the assay is increased by reading each DNA nucleotide several times (100-1000 times), this platform provides accurate, reliable data and excellent coverage. NGS innovations are now making the transition from clinical science to an environment where they can make a meaningful contribution to individual patient cancer care. The transfer of next-generation sequencing (NGS) technology from the laboratory to clinical practice is supported by compelling evidence. Until NGS technologies are completely implemented in the clinic, their potential as effective diagnostic and prognostic tools should be thoroughly investigated.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 14.6% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Clinical Oncology Next Generation Sequencing (NGS) market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Thermo Fisher Scientific (United States), Becton, Dickinson and Company (United States), Oxford Nanopore Technologies (United Kingdom), Qiagen (Germany), Myriad Genetics (United States), Illumina (United States), F. Hoffmann-La Roche (Switzerland), Perkin Elmer (United Kingdom), GATC Biotech (Germany) and Agilent Technologies (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Caris Life Sciences (United States), Macrogen (South Korea), Life Technologies (United States), DNASTAR (United States), Biomatters (New Zealand) and Partek (United States).
Segmentation Overview
AMA Research has segmented the market of Global Clinical Oncology Next Generation Sequencing (NGS) market by Type (NGS Pre-Sequencing, Sequencing, NGS Data Analysis and Primary, Secondary & Tertiary Data Analysis), Application (Academic & Clinical Research, Hospitals & Clinics and Pharma & Biotech Entities) and Region.
On the basis of geography, the market of Clinical Oncology Next Generation Sequencing (NGS) 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).
If we see Market by , the sub-segment i.e. will boost the Clinical Oncology Next Generation Sequencing (NGS) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Emergence of Cost-Efficient Genome Sequencing
Market Growth Drivers:
Prevalence of Cancers Including Chronic Myelogenous Leukemia and Technical Progress in NGS Platforms
Challenges:
Proper Reimbursement Mechanism and Data Storage and Computation
Restraints:
Highly Expensive Procedures and Presence of Efficient Alternatives
Opportunities:
Integration with Big Data and Analytical Platforms
Market Leaders and their expansionary development strategies
In August 2021- llumina, Inc. announced that it has acquired GRAIL, a healthcare company focused on life-saving early detection of multiple cancers but they held GRAIL as a separate company during the European Commission's ongoing regulatory review, In March 2020 - Agilent Announced its Acquisition of Resolution Bioscience (a Leading Next-Generation Sequencing (NGS)-Based Oncology Solution Provider), this Acquisition is Aimed to Strengthen Agilent’s and Leadership Position Across Cancer Diagnostics. The Combination Combines Agilent's Tissue-Based Companion Diagnostics with a Noninvasive Liquid Biopsy Platform That Enhances Cancer Diagnostics.
Key Target Audience
Pharma & Biotech Manufactures, New Entrants and Investors, Pharma & Biotech Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.