Cancer Profiling Market Growth Trends, Volume Insights & Outlook 2030

Future of Executive Summary Cancer Profiling Market: Key Dynamics, Size & Share Analysis

The Global Cancer Profiling Market size is estimated to grow at a CAGR of around 11.5% during the forecast period, i.e., 2024-30. The major factors responsible for the market growth include; the rising prevalence of cancer, increasing research on cancer therapies, and the launch of improved technologies for tumor profiling among others. There has been an increase in the number of cancer cases globally, especially across the US, India, etc., as stated by various healthcare organizations like the World Health Organization, the International Agency for Research on Cancer, the Global Cancer Observatory, etc.

Top Market Challenges Impacting the Cancer Profiling Market Growth

High Capital Investment in Biomarker Discovery to Hinder the Market Growth – Biomarkers are an integral part of cancer profiling services, as the development of new cancer biomarkers for different cancer indications paves the way for profiling. Pharmaceutical companies like Theseus Pharmaceuticals, Inc., ‎Nektar Therapeutics, Exact Sciences Corporation, etc., have been facing issues like severe side effects, which have led to the termination of their clinical trial studies for biomarkers.

Understanding the Core Segments in the Cancer Profiling Market

Cancer Profiling Market Size, Share & Industry Trends Analysis- By Type of Cancer (Breast Cancer, Colorectal Cancer, Gynecological Cancer, Leukemia, Prostate Cancer, Lung Cancer, Others), By Technology (Next-Generation Sequencing, Polymerase Chain Reaction, Mass Spectrometry, In-Situ Hybridization, Microarrays Analysis, Others), By Biomarker Type (Genomic Biomarkers, Proteomics Biomarkers, Others), By Cell Type (Germline, Somatic) and others.

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Geographical Analysis of the Cancer Profiling Market

North America
South America
Europe
Middle East & Africa
Asia Pacific

Among them, North America has been dominating the Global Cancer Profiling Market over the historical years.

Who Dominates the Cancer Profiling Market Insights on Key Industry Players?

Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

NeoGenomics Laboratories
Eurofins Genomics GmbH
Hoffmann-La Roche Ltd (Foundation Medicine)
OncoDNA SA
10x Genomics, Inc.
Caris Life Sciences.
Geneseeq Technology Inc.
Genetron Holdings Limited
Laboratory Corporation of America Holdings (LabCorp)
Dante Labs Inc.
Celemics, Inc.
Strand Life Sciences
Myriad Genetics, Inc.
QIAGEN GmbH
Tempus Labs and others.

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