PUBLISHER: Value Market Research | PRODUCT CODE: 1402096
PUBLISHER: Value Market Research | PRODUCT CODE: 1402096
The global demand for Clinical Oncology Next Generation Sequencing Market is presumed to reach the market size of nearly USD 1406.19 MN by 2030 from USD 421.6 MN in 2022 with a CAGR of 16.25% under the study period 2023 - 2030.
Clinical oncology next generation sequencing (NGS) refers to the application of advanced genomic sequencing technologies in the field of oncology (cancer care and treatment). It enables the comprehensive analysis of a patient's tumor DNA or RNA to identify genetic alterations, mutations, or variations that drive cancer development, progression, and response to treatments.
Technological advancements in next generation sequencing, marked by enhanced accuracy, faster sequencing, and reduced costs, drive its adoption in clinical oncology. The paradigm shift towards personalized medicine and precision oncology amplifies its use for analyzing tumor genetics, facilitating tailored treatment strategies based on individual genetic profiles. The escalating incidence of cancer globally fuels the demand for advanced diagnostic tools like NGS, aiding accurate tumor profiling and treatment decisions. NGS also plays a pivotal role in cancer research, identifying new biomarkers and therapeutic targets, and driving its incorporation into clinical studies and trials. Healthcare providers increasingly integrate NGS-based tests into routine clinical practice for cancer diagnosis, prognosis, and treatment selection. Supportive regulatory environments and established guidelines validate next generation sequencing applications, ensuring quality and reliability in clinical settings. Partnerships and collaborations between technology providers, pharmaceutical companies, and research institutions foster innovation, product development, and wider accessibility to NGS-based oncology tests.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of clinical oncology next generation sequencing. The growth and trends of clinical oncology next generation sequencing industry provide a holistic approach to this study.
This section of the clinical oncology next generation sequencing market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Clinical Oncology Next Generation Sequencing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Clinical Oncology Next Generation Sequencing market include Illumina Inc., Thermo Fisher Scientific, F. Hoffmann-La Roche Ltd., Agilent Technologies, Myriad Genetics, Beijing Genomics Institute (BGI), Perkin Elmer, Foundation Medicine, Pacific Bioscience, Oxford Nanopore Technologies Ltd., Paradigm Diagnostics, Caris Life Sciences, Partek Inc., Eurofins Scientific S.E., Qiagen N.V. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.