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Research Reports incorporated a definite business overview and investigation
inclines on "Cancer/Tumor
Profiling Market". This report likewise incorporates more
illumination about fundamental review of the business including definitions,
requisitions and worldwide business sector industry structure.
Cancer is a fatal disease characterized by
uncontrolled cell division. It is primarily caused by environmental factors
that mutate the gene encoding for cell regulation. The resultant cell
aberration leads to abnormal cell growth that destroys the surrounding normal
tissue and thus spreads the disease to vital organs. Cancer diagnosis is
performed in a number of ways that include screening tests and medical imaging.
According to WHO, cancer is one of the leading cause of death and is estimated
to account for 11.5 million deaths in 2030 worldwide. Cancer diagnosis is
performed in a number of ways that include screening tests and medical imaging.
Nowadays, profiling of tumor is done to gain knowledge about patient’s cancer
profile and genomic alterations that help physicians to guide a patient with
most appropriate therapy. Additionally, profiling also helps physicians
to remove therapies which are unlikely to be successful and thus reduces the
errors and trial process.
The global cancer
profiling market is expected to witness massive growth in near future due to
huge funds and investments and technological advancements. Additionally,
paradigm shift towards point of care diagnostics, growing demand for
personalized medicines and cost effective treatment modalities are some of the
major reasons expected to increase the market share of cancer profiling in near
future. Moreover, personalized medicines have been a promising approach in
early diagnosis, disease prognosis and research applications. Increasing demand
for targeted therapy and rising cases of cancer are also expected to fuel the
market growth.
Global cancer/tumor profiling market can be categorized on the basis of technology, application and segment. The technology segment can be further categorized into next-generation sequencing, immunohistochemistry, quantitative PCR, microarray and fluroscence/chromogenic in-situ hybridization. Application segment of the tumor profiling market can be subdivided further into personalized medicines, diagnostics, biomarker discovery, prognosis and research purpose. Furthermore, the market can also be divided on the basis of different segments such as genomics, proteomics, epigenetics and metabolomics market. Of these above mentioned application segments personalized medicines is expected to witness the highest growth rate in near future owing to its ability treat cancer conditions effectively and reduce healthcare expenditure.
Geographically, North America accounts for the largest share of the global cancer profiling market followed by the European region. Rising incidences of patients suffering from cancer each year and favorable government measures that are focused towards proper screening and diagnosing are some of the factors held responsible for leadership position of these region. Additionally, presence of large number of technology providers and availability of better research and development facilities are expected to trigger the growth of cancer profiling market in North America and European markets. However, in the near future Asian region and Latin American region is expected to show healthy growth in the near future due to increased purchasing power of patients, economic developments and rising incidence of cancer. Moreover, rising demand for safe and cost effective diagnostics and therapeutics is another major driver of this market.
Some of the major players operating in cancer profiling market include Boreal Genomics, Inc., Genomic Health, Inc., Caris Life Sciences, Life Technologies Corporation, Illumina, Inc., Oxford Gene Technology Ltd., Neogenomics Laboratories, Precision Therapeutics, Inc. Nanostring Technologies, Ribomed Biotechnologies, Precision Therapeutics, Inc., Oncopath Laboratory and others.
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This research report analyzes this market depending
on its market segments, major geographies, and current market trends.
Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This report is a
complete study of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This
report provides pin-point analysis for changing competitive dynamics
- It
provides a forward looking perspective on different factors driving or
restraining market growth
- It
provides a technological growth map over time to understand the industry
growth rate
- It
provides a seven-year forecast assessed on the basis of how the market is
predicted to grow
- It
helps in understanding the key product segments and their future
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