Tumor Genomics Market Size by 2028 | Industry Segmentation by Type, Application, Regions, Key News and Top Companies Profiles

Increasing number of cancer cases, rising government initiatives and projects, new drug developments, and increasing demand for cancer-specific diagnostics are factors driving global tumor genomic market growth.

Tumor Genomics Market Size by 2028 | Industry Segmentation by Type, Application, Regions, Key News and Top Companies Profiles

The new report titled ‘Global Tumor Genomics Market’, published by Emergen Research, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. The global tumor genomics market is expected to reach a market size of 56.54 Billion by 2028 and register a double-digit CAGR over the forecast period, according to latest analysis by Emergen Research. The steady projected growth can be attributed to technological innovations in the field of genomics. Mergers and acquisitions between key players in the field is another key factor driving market growth. Increasing research on cancer, usage of genomic systems among academics and government institutions, and decreasing cost of sequencing is contributing significantly to growth in cancer diagnostics. Moreover, advances in computational approaches in tumor genomics has resulted in shorter result time, which is a key factor driving adoption, and thus driving growth of the market. Tumor is often caused by genetic alterations, including gene fusions, large chromosomal rearrangements; however, next generation sequencing techniques have helped researchers gather vast amounts of tumor genomic data and record genetic mutations in various cancer types.

The report takes a closer look at the historical and current market scenarios to accurately predict the global Tumor Genomics market outlook over the forecast duration (2019-2027). Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market. The study involves the use of efficient analytical tools like SWOT analysis and Porter’s Five Forces to inspect the strengths, weaknesses, opportunities, and threats associated with the growth of the various market segments. The report provides crucial details, such as the market shares of the key players, which help the reader attain a comprehensive outlook of the Tumor Genomics market. The latest research report serves as a perfect example of the precise analysis of the global Tumor Genomics market. It includes the ToC, list of tables and figures, research methodology, geographic segmentation, competitive landscape, future developments, and technological innovation. The globally-disrupting incidence has impacted nearly every aspect of this business domain. However, the latest study expounds on the present market scenario and forecasts the pandemic’s aftermath, with respect to this industry. Furthermore, the major aspects of the market have been discussed in the report, with expert opinions on the current status of the market.

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The global Tumor Genomics market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.  The global Tumor Genomics market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.

Some of the key participants in this industry include:

Thermo Fisher Scientific Inc., Illumina, Inc., QIAGEN, Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche Ltd, Merck KGaA, Pacific Biosciences of California, Inc., NeoGenomics Laboratories, Inc., Myriad Genetics, Inc., and PerkinElmer

Key regions covered in the report:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.

On the basis of type, the market is segmented into

  • Technique Outlook (Revenue, USD Billion; 2021–2028)

    • Next Generation Sequencing Technique (NGS)
    • Polymerase Chain Reaction (PCR)
    • Microarray
    • In-Situ Hybridization (ISH)
    • Immunohistochemistry (ICH)
    • Others (Mass Spectrometry and Flow Cytometry)
  • Application Outlook (Revenue, USD Billion; 2021–2028)

    • Diagnostics and Monitoring
    • Drug Discovery and Development
    • Biomarker Discovery
  • End-use Outlook (Revenue, USD Billion; 2021–2028)

    • Academics and Research Organizations
    • Hospitals and Ambulatory Clinics
    • Clinical and Diagnostic Laboratories
    • Biotechnology and Pharmaceutical Companies

Valuable Market Insights:

  • The report highlights the latest trends observed in the consumption pattern of each regional segment.
  • Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
  • The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Tumor Genomics market.
  • The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.

Questions addressed in the report:

  • What is the estimated market growth rate throughout the forecast period?
  • Which end-use industry is expected to witness the highest demand for Tumor Genomics in the near future?
  • What is the regulatory framework governing the application of Tumor Genomics in the food industry?
  • Which manufacturing processes are utilized for the production of Tumor Genomics?

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