logo

Press Journals

Cancer/Tumor Profiling Market to Reach $87.1 Billion By 2023

November 2017

Global cancer/tumor profiling market size is projected to achieve a value of $87.1 billion value by 2023, growing at a CAGR of 19.0% during 2017-2023.

The boost in demand for cancer/tumor profiling products is mainly led by increasing number of new cancer cases, rising utility of biomarkers in tumor profiling, rising availability of funding for cancer research and increasing demand for next generation sequencing for cancer profiling.

Access Report Summary with Detailed TOC on "Cancer/Tumor Profiling Market by Technology (Next Generation Sequencing (NGS), Quantitative Polymerase Chain Reaction (QPCR), Immunohistochemistry (IHC), In-situ Hybridization (ISH), Microarray), by Technique (Genomics, Proteomics, Epigenetics, Metabolomics), by Application (Personalized Medicine, Diagnostics, Biomarker Discovery, Prognostics), by Geography (U.S., Canada, Germany, U.K., France, Japan, China, Brazil, Mexico) – Global Market Size, Share, Development, Growth and Demand Forecast, 2013-2023" at: https://www.psmarketresearch.com/market-analysis/cancer-profiling-market

Insights on market segments


The cancer profiling market has been bifurcated into next generation sequencing (NGS), quantitative polymerase chain reaction (QPCR), immunohistochemistry (IHC), in-situ hybridization (ISH), and microarray, based on technology. NGS held the largest share in the cancer profiling market, standing at 33.1%, in 2016. This leading position of NGS is mainly characterized by increased awareness about NGS products due to rising promotional activities for these products among the research laboratories and academic institutes. The NGS category is also expected to grow at the highest CAGR during the forecast period.

ISH is further categorized into fluorescent in situ hybridization (FISH) and chromogenic in situ hybridization (CISH). FISH held the larger share of the ISH technology market in 2016. The higher penetration of this technology is driven by increasing number of players offering FISH in cancer profiling market, such as Abbott Laboratories. FISH is also expected to observe the faster growth in future, with the CAGR likely to stand at 18.6% during the forecast period.

The various techniques used in the cancer profiling include genomics, proteomics, epigenetics, and metabolomics. Genomics held the largest share of 40.6% in 2016, and it is also expected to register highest growth during the forecast period, due to increasing implementation of genomic sequencing.

Cancer profiling is used in varied applications such as personalized medicine, diagnostics, biomarker discovery, prognostics, and others. In 2016, personalized medicine held largest share of 36.4% in the cancer profiling market, attributed to subsequent increasing adoption of personalized medicine for tumor profiling, since it is one of the most cost-effective methods. The application is also expected to register fastest growth during the forecast period.

Asia-Pacific is projected to register the fastest growth in cancer/tumor profiling market

The Asia-Pacific cancer profiling market has been experiencing significant growth due to rising prevalence of cancer, increasing government initiatives for cancer treatment, and rising healthcare expenditure in the region. According to the Indian Council of Medical Research (ICMR), around 14.5 lakhs of new cancer cases were registered in India in 2016, which is likely to reach nearly 17.3 lakh new cases, by 2020. This increase in cancer cases indicates that, the healthcare providers will require more profiling kits, thus increasing the demand for cancer/tumor profiling kits in the region.

Key competitors are introducing new and innovative products cancer/tumor profiling market

Globally, the key providers in the cancer profiling market are launching new products to gain a larger market share. In October 2017, QIAGEN N.V. launched custom solutions business, aimed at providing life sciences and molecular diagnostics companies with the tools and expertise required to quickly build and commercialize products that meet unique workflow requirements. In the same month, the company also launched ipsogen JAK2 RGQ PCR kit, an ipsogen JAK2 assay, an assay used for the detection of the JAK2 V617F/G1849T allele in genomic DNA extracted from EDTA whole blood.

Some of the other key players operating in the cancer profiling market include Illumina, Inc., NeoGenomics Inc., Caris Life Sciences, Inc., Helomics Corp., Oxford Gene Technology, HTG Molecular Diagnostics, Inc., RiboMed Biotechnologies, Inc., Genomic Health, Inc., and NanoString Technologies, Inc.

GLOBAL CANCER PROFILING MARKET SEGMENTATION

By Technology

  • Next generation sequencing (NGS)
    • By region
  • Quantitative polymerase chain reaction (QPCR)
    • By region
  • Immunohistochemistry (IHC)
    • By region
  • In-situ hybridization (ISH)
    • By type
      • Fluorescent in situ hybridization (FISH)
      • Chromogenic in situ hybridization (CISH)
    • By region
  • Microarray
    • By region

By Technique

  • Genomics
    • By region
  • Proteomics
    • By region
  • Epigenetics
    • By region
  • Metabolomics
    • By region

By Application

  • Personalized medicine
    • By region
  • Diagnostics
    • By region
  • Biomarker discovery
    • By region
  • Prognostics
    • By region

By Geography

North America

  • By technology
  • By technique
  • By application
  • By country - The U.S. and Canada

Europe

  • By technology
  • By technique
  • By application
  • By country - Germany, U.K., France, and Rest of Europe

Asia-Pacific

  • By technology
  • By technique
  • By application
  • By country - Japan, China, and Rest of Asia-Pacific

Latin America (LATAM)

  • By technology
  • By technique
  • By application
  • By country - Brazil, Mexico and Rest of LATAM

Middle East & Africa (MEA)

  • By technology
  • By technique
  • By application