Market Analysis Report Cancer (Tumor) Profiling Market

Cancer (Tumor) Profiling Market Revenue Growth
Predicted by 2019 to 2023
The Report Global Cancer (Tumor) Profiling Market by Manufacturers,
Countries, Type and Application, Forecast to 2023 provides
information on pricing, market analysis, shares, forecast, and
company profiles for key industry participants.
Global Cancer (Tumor) Profiling Market Synopsis:
According to Market Analyst, The Global Cancer (Tumor) Profiling Market is expected to grow at an
impressive Compound Annual Growth Rate (CAGR) from 2019 to 2023.
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Major factors fueling the growth of the market include increasing number of cancer cases across the
globe, the increasing utility of biomarkers, and availability of funding for cancer research. Furthermore,
Factors such as the increasing demand for personalized medicine and point-of-care diagnostic tests in
cancer/tumor profiling are expected to offer a wide range of growth opportunities for players in the
cancer/tumor profiling market.
Research support and funding for cancer research have increased with the discovery of advanced
techniques that can potentially reduce time taken for detection and identification of tumors or the stage
of advancements. Moreover, high investments by biotechnology companies have been observed in
development of novel therapies and new drug designing techniques.
Global Cancer (Tumor) Profiling Market has been segmented on the Basis of Application, Technology,
Cancer Type and Region. In the Technology segment, Cancer (Tumor) Profiling Market sub segmented
into Immunoassay, Hybridization, NGS, Mass Spectrometry. The NGS segment is expected to register the
highest CAGR during the forecast period.
In term of Application, Cancer (Tumor) Profiling Market can be sub segmented into clinical application
and research application. The research application segment is expected to grow at the highest CAGR
during the forecast period. Companies are increasingly focusing on the use of biomarkers as biological
indicators for the progress of diseases and the effect of therapeutic interventions & drug-induced
toxicity.
Regionally, North America is estimated to account for the largest share in terms of revenue owing to
presence of major players and rapid advances in technology. In addition, high prevalence of cancer and