Cancer Gene Panel and Profiling Market Forecast 2029: Key Players & Emerging Trends

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Future of Executive Summary Cancer Gene Panel and Profiling Market: Key Dynamics, Size & Share Analysis

The Global Cancer Gene Panel & Profiling Market is estimated to grow at a CAGR of around 15.5% during the forecast period, i.e., 2024-29. The exponential increase in the incidence of cancer has emerged as a key driver propelling the market growth for cancer gene panels & profiling testing services. For instance, according to the Global Cancer Observatory, in 2022, there were approximately 19.3 million new cases & 10.3 million deaths due to cancer all across the globe. Breast Cancer in females surpassed lung cancer in 2020, thereby becoming the most common type of diagnosed cancer with 11.7% prevalence, followed by lung cancer at 11.4%, colon cancer at 10%, prostate cancer at 7.3%, and stomach cancer at 5.6%.

Top Market Challenges Impacting the Cancer Gene Panel and Profiling Market Growth

Data Privacy & Security Issues to Affect Market Growth – In recent years, the Cancer Gene Panel and Profiling Market has been experiencing a significant number of data breaches, which has been affecting its market growth. The cancer gene panels & profiling consist of a large volume of sensitive information about patients including their genetic makeup along with their medical history, treatment plans, and potentially familial genetic information.

Understanding the Core Segments in the Cancer Gene Panel and Profiling Market

Cancer Gene Panel and Profiling Market Size, Share & Industry Trends Analysis- By Technology (Next-generation Sequencing [NGS], Polymerase Chain Reaction [PCR], Microarray, Mass Spectrometry, Others), By Application (Oncology Research, Personalized Medicine, Drug Development, Clinical Diagnostics), By Cancer Type (Breast Cancer, Lung Cancer, Prostrate Cancer, Colorectal Cancer, Others) , By Cell Type (Germline, Somatic), By End-User (Hospital & Clinics, Research Institutes, Diagnostic Laboratories, Pharmaceutical and Biotechnology).

 

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Geographical Analysis of the Cancer Gene Panel and Profiling Market

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

North America held the largest share in the Global Cancer Gene Panels and Profiling Market. This can be attributed to substantial funding allocated to R&D initiatives, significant advancements in screening technologies, and a robust medical infrastructure, among others.

Who Dominates the Cancer Gene Panel and Profiling Market Insights on Key Industry Players?

Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

  • 10x Genomics, Inc.
  • Neo genomics
  • Flugent Genetics
  • Centogene N.V.
  • Geneseeq Technology Inc.
  • Variantyx
  • Genetron Holdings Limited
  • Laboratory Corporation of America® Holdings (LabCorp)
  • T. G Molecular
  • Bio array Diagnostic genetic
  • Biorad laboratories Inc.
  • Enzo Lifesciences
  • Eurofins Scientific
  • Nanostring Technologies and others.

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