The Global Cancer Gene Panel and Profiling Market size is estimated to grow at a CAGR of around 15.5% during the forecast period, i.e., 2024-29. According to MarkNtel Advisors Study.
Global Cancer Gene Panel and Profiling Market Driver:
Growing Prevalence of Hereditary Cancer Cases Globally – The escalating prevalence of hereditary cancer occurrences on a global scale has amplified the demand for genetic panels & profiling testing within the market. This has been mainly because the cancer gene panel and profiling services are highly effective & accurate in the detection of hereditary cancer cases.
Also, genetic testing companies have started offering a comprehensive array of services, including advanced screening & diagnostics in recent years. As a result, there has been an increasing adoption of these testing services by research institutions & clinical laboratories engaged in detecting biomarkers of hereditary cancer cases. This robust adoption trajectory is a direct response to the persistent surge in hereditary cancer cases, as evidenced by historical trends. For instance:
In 2022, the National Cancer Institute indicated that approximately 10% of all cancer cases witnessed were attributable to hereditary genetic mutations.
As the mutations in hereditary cancer are only pinpointed to specific genes responsible for shielding the body against cancer, it led to genetic testing services coming up as a pivotal method of diagnosis. Notably, clinicians have embraced this technique with significant impact, thereby fostering substantial growth within the Cancer Gene Panel and Profiling Market.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Cancer Gene Panel and Profiling Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2029
- By Technology
- Next-generation Sequencing (NGS)- Market Size & Forecast 2019-2029, USD Million
- Polymerase Chain Reaction(PCR)- Market Size & Forecast 2019-2029, USD Million
- Microarray- Market Size & Forecast 2019-2029, USD Million
- Mass Spectrometry- Market Size & Forecast 2019-2029, USD Million
- Others (Fluorescence in-situ hybridization, Immunohistochemistry, etc.)- Market Size & Forecast 2019-2029, USD Million
- By Application
- Oncology Research- Market Size & Forecast 2019-2029, USD Million
- Personalized Medicine- Market Size & Forecast 2019-2029, USD Million
- Drug Development- Market Size & Forecast 2019-2029, USD Million
- Clinical Diagnostics- Market Size & Forecast 2019-2029, USD Million
- By Cancer Type
- Breast Cancer- Market Size & Forecast 2019-2029, USD Million
- Lung Cancer- Market Size & Forecast 2019-2029, USD Million
- Prostrate Cancer- Market Size & Forecast 2019-2029, USD Million
- Colorectal Cancer- Market Size & Forecast 2019-2029, USD Million
- Others (Ovarian Cancer, Leukemia, etc.) - Market Size & Forecast 2019-2029, USD Million
- By Cell Type
- Germline - Market Size & Forecast 2019-2029, USD Million
- Somatic - Market Size & Forecast 2019-2029, USD Million
- By End-User
- Hospital & Clinics- Market Size & Forecast 2019-2029, USD Million
- Research Institutes- Market Size & Forecast 2019-2029, USD Million
- Diagnostic Laboratories- Market Size & Forecast 2019-2029, USD Million
- Pharmaceutical and Biotechnology- Market Size & Forecast 2019-2029, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - 10x Genomics, Inc., Caris Lifescience, Neo genomics, Flugent Genetics, Centogene N.V., Geneseeq Technology Inc., Variantyx, Genetron Holdings Limited, Laboratory Corporation of America® Holdings (LabCorp), H.T. G Molecular, Bio array Diagnostic genetic, Biorad laboratories Inc., Enzo Lifesciences, Eurofins Scientific, Nanostring Technologies,, Other are looking forward to strengthening their market positions.
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