New York, NY, April 08, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Cancer Profiling Market by Technique (Genomics, Proteomics, Metabolomics, and Epigenetics), by Technology (Immunoassay, Hybridization, Next-Generation Sequencing, Mass Spectroscopy, and Others), by Cancer Type (Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Melanoma Cancer, and Others), and by Application (Personalized Cancer Medicine, Oncological Diagnostics, Research, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global cancer profiling market was valued at approximately USD 8.58 billion in 2018 and is expected to generate around USD 16.6 billion by 2025, at a CAGR of around 9.9% between 2019 and 2025.
The uncontrolled growth of cells due to the defect in the process of cell growth cycle leads to cancer. Cancer may be malignant or benign. Initially, cancer is in a tumor state, where it has lesser chances of spreading to different parts of the body. Cancer profiling or tumor profiling is a technique used to determine the genetic makeup of cancerous cells. The rise in the adoption of cancer biomarkers for cancer profiling, increase in the number of research activities for cancer treatments, development of various cancer diagnostics techniques, and growth in investments made by governments and other institutions for cancer research and demand for personalized medicines in developed countries are driving the global cancer profiling market.
Browse through 71 Tables & 38 Figures spread over 190 Pages and in-depth TOC on “Global Cancer Profiling Market: By Type, Size, Share, Technology, Trends, Growth, Analysis, and Forecast, 2018–2025”.
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The global cancer profiling market is divided into technique, technology, cancer type, and application. By technique, the market for cancer profiling includes genomics, epigenetics, proteomics, and metabolomics. Genomics dominated the cancer profiling market in 2018, owing to its cost-effectiveness and improved screen time. The genomics technique is directly used to detect the genetic variations in cancerous cells.
Based on technology, the cancer profiling market includes in situ hybridization, PCR, immunohistochemistry, microarray, next-generation sequencing, and others. The next-generation sequencing dominated the cancer profiling market globally in 2018, owing to the rapid developments witnessed in this process and the easy availability of this technology.
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By cancer type, the cancer profiling market includes prostate cancer, melanoma cancer, breast cancer, colorectal cancer, lung cancer, and others. The growing prevalence of breast cancer among women is mainly fueling the breast cancer segment. According to the World Cancer Research Fund, in 2018, about 2 million new breast cancer cases were registered worldwide.
Based on application, the cancer profiling market includes personalized medicine, oncological diagnostics, research, and others. Personalized medicine is anticipated to show high growth in the future, due to the growing awareness about the advantages of personalized medicines in developed countries and the rising number of research and development activities for personalized medicine.
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By region, North America dominated the global market in 2018 owing to high cancer prevalence, developed healthcare infrastructure and availability of technologically advanced devices for research activities. The increasing number of cancer-related research activities due to the need to treat cancer patients is also fueling the growth of the cancer profiling market in North America.
Europe acquired the second largest share of the cancer profiling market globally in 2018, due to the increasing cancer prevalence among all age groups, presence of advanced healthcare infrastructure, growing demand for personalized medicine for cancer treatment, and high investments made by companies for developing technologies are some main factors fueling the growth of the European cancer profiling market. Additionally, the availability of advanced technologies for research and development and an increase in government funding for the development of personalized medicines are also driving the growth of this regional market.
Browse the full “Cancer Profiling Market by Technique (Genomics, Proteomics, Metabolomics, and Epigenetics), by Technology (Immunoassay, Hybridization, Next-Generation Sequencing, Mass Spectroscopy, and Others), by Cancer Type (Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Melanoma Cancer, and Others), and by Application (Personalized Cancer Medicine, Oncological Diagnostics, Research, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/cancer-profiling-market
Asia Pacific is expected to show the highest CAGR in the upcoming years. According to the ICMR (Indian Council of Medical Research), in India, about 1.4 million new cancer cases were registered in 2016, and this number is expected to reach 1.7 million by 2020. This rising prevalence of cancer and an increase in the number of new cases every year, in countries like India and China, is anticipated to drive the growth of the cancer profiling market in the Asia Pacific region. The growth in the awareness about cancer profiling techniques and the increase in investments made by companies for cancer diagnostics are also fueling the Asia Pacific cancer profiling market.
The Middle East and Africa and Latin America regions are predicted to show sluggish growth in the future, owing to the rapid development in the healthcare infrastructure, increasing prevalence of cancer, growing investments by companies for cancer treatment, and the introduction of new technologies.
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Some key players of the global cancer profiling market are HTG Molecular Diagnostic, Illumina, NeoGenomics Laboratories, QIAGEN, Caris Life Sciences, Helomics Corporation, Oxford Gene Technology, Genomic Health, NanoString Technologies, and RiboMed Biotechnologies.
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This report segments the global cancer profiling market as follows:
Global Cancer Profiling Market: Technique Analysis
- Genomics
- Proteomics
- Metabolomics
- Epigenetics
Global Cancer Profiling Market: Technology Analysis
- Immunoassay
- Hybridization
- Next-Generation Sequencing
- Mass Spectroscopy
- Others
Global Cancer Profiling Market: Cancer Type Analysis
- Breast Cancer
- Lung Cancer
- Colorectal Cancer
- Prostate Cancer
- Melanoma Cancer
- Others
Global Cancer Profiling Market: Application Analysis
- Personalized Cancer Medicine
- Oncological Diagnostics
- Research
- Others
Global Cancer Profiling Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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