MarkNtel Advisors recently published a detailed industry analysis of the Solid Tumor Testing Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Solid Tumor Testing Market (2023-2028)
The Global Solid Tumor Testing Market size is projected to grow at a CAGR of around 8.0% during the forecast period, 2023-28.
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What is driving the Solid Tumor Testing Market?
Mounting Incidence of Cancer to Augment the Market Growth – The rising number of cancer patients in the world is the leading cause of the Global Solid Tumor Testing Market growth. The increasing geriatric population coupled with a sedentary lifestyle & other hereditary risk factors, are the major factors for the spike of cancer cases worldwide. For instance, the recent incidence trends projected by the American Cancer Society for FY2021 indicate a slight boost of nearly 2.50% compared to the earlier projections being postulated for FY2020.
The reported incidence rates pertaining to various types of cancers, such as breast & lung, are constantly supplementing during the past few years. The demand for respective testing assay kits is significantly growing, owing to the upscaling prominence of early diagnosis to avoid further risks considering the rates being on a spike. Thus, in line with this, it is predicted that the Global Solid Tumor Testing Market would witness an upsurging demand in the coming years.
What segments define the Solid Tumor Testing market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Type of Cancer
(Prostate Cancer, Breast Cancer, Colorectal Cancer, Endometrial Cancer, Melanoma, Lung Cancer, Thyroid Cancer, Brain Cancer, Ovarian Cancer, Liver Cancer, Other Cancer Types),
By Application
(Clinical [Diagnostics, Treatment and Monitoring, Screening, Prognostics], Research [Biomarker Discovery, Personalized Medicine]),
By End Users
(Hospitals, Diagnostic Laboratories, and Reference Laboratories, Pharmaceutical & Biotechnology Companies, Contract Research Organizations [CROs], Academic Research Institutions, Others),
By Technologies
(In Situ Hybridization, Immunohistochemistry, Polymerase Chain Reaction, Next-Generation Sequencing, Other Technologies),
By Region
(North America, South America, Europe, Middle East & Africa, Asia-Pacific)
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Who are the leading key players shaping the Solid Tumor Testing Market landscape?
Abbott Laboratories, ARUP Laboratories, ASURAGEN, INC., Bio-Rad Laboratories, Inc, Beijing Genomics Institute (BGI) Genomics Co., Ltd, F. Hoffmann-La Roche Ltd, Guardant Health, Illumina, Inc., Invivoscribe, Inc., Invitae Corporation, Laboratory Corporation of America Holdings, NeoGenomics Laboratories, Inc., Opko Health, OmniSeq, QIAGEN N.V, Quest Diagnostics Inc, Others
Questions Addressed in this Study
1.What factors are driving the Solid Tumor Testing Market growth?
2.How is the Solid Tumor Testing Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Solid Tumor Testing Market?
4.What is the current size of the Solid Tumor Testing Market, and how is it projected to change in the future?
6.What is the future outlook for the Solid Tumor Testing Market in terms of technological advancements and market expansion?
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