The global precision cancer tests market is expected to grow at a CAGR of 8.5% during the forecast period, from 2021 to 2030. The growth of this market is attributed to the increasing number of cancer cases and rising awareness about precision cancer tests among patients and healthcare providers.
The imaging segment accounted for the largest share in the global precision cancer tests market in 2018, followed by in vitro diagnostic segment. Imaging segment is expected to maintain its dominance throughout the forecast period due to its wide range of applications such as breast imaging, prostate imaging, lung imaging, and others. In vitro diagnostic segment is projected to grow at a CAGR of 9% during the forecast period owing to its high accuracy rate and low cost-effectiveness ratio when compared with other types of testing methods such as biopsy or surgery.
Cancer research centers accounted for the largest share in this market in 2018 due to their extensive use for diagnosis purposes by medical professionals across various countries including North America, Europe, Asia Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA). Cancer hospital accounted for second-largest share owing mainly due their extensive use by medical professionals across various countries including North America, LATAM and MEA regions. Surgical centers are projected be fastest growing application type during 2019-2030 owing mainly due their extensive use by medical professionals across various countries including North America region.
Some Of The Growth Factors Of This Market:
- The increasing prevalence of cancer and the growing number of cancer survivors are driving the growth of the Precision Cancer Tests market.
- Increasing awareness about precision medicine and its benefits among patients, healthcare providers, and payers is also driving the growth of this market.
- The high cost associated with precision cancer tests is a major restraint for this market.
- Lack of skilled professionals in developing countries is another restraint for this market.
Industry Growth Insights published a new data on “Precision Cancer Tests Market”. The research report is titled “Precision Cancer Tests Market research by Types (Imaging, In Vitro Diagnostic, Others), By Applications (Cancer Research Centers, Cancer Hospital, Surgical Centers, Clinics, Others), By Players/Companies Abbott, BD, Bio-Rad, Cynvenio Biosystems, Foundation Medicine, Genomic Health, Illumina, Myriad Genetics, NanoString Technologies, QIAGEN, Randox Laboratories, Roche, Philips, Thermo Fisher Scientific”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Precision Cancer Tests Market Research Report
By Type
Imaging, In Vitro Diagnostic, Others
By Application
Cancer Research Centers, Cancer Hospital, Surgical Centers, Clinics, Others
By Companies
Abbott, BD, Bio-Rad, Cynvenio Biosystems, Foundation Medicine, Genomic Health, Illumina, Myriad Genetics, NanoString Technologies, QIAGEN, Randox Laboratories, Roche, Philips, Thermo Fisher Scientific
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Precision Cancer Tests Market Report Segments:
The global Precision Cancer Tests market is segmented on the basis of:
Types
Imaging, In Vitro Diagnostic, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cancer Research Centers, Cancer Hospital, Surgical Centers, Clinics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Abbott
- BD
- Bio-Rad
- Cynvenio Biosystems
- Foundation Medicine
- Genomic Health
- Illumina
- Myriad Genetics
- NanoString Technologies
- QIAGEN
- Randox Laboratories
- Roche
- Philips
- Thermo Fisher Scientific
Highlights of The Precision Cancer Tests Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Imaging
- In Vitro Diagnostic
- Others
- By Application:
- Cancer Research Centers
- Cancer Hospital
- Surgical Centers
- Clinics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Precision Cancer Tests Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Precision cancer tests are a type of diagnostic test that can help doctors diagnose certain types of cancer. Precision cancer tests use special techniques to identify specific changes in the cells of a person's body that may be associated with the development of cancer.
Some of the key players operating in the precision cancer tests market are Abbott, BD, Bio-Rad, Cynvenio Biosystems, Foundation Medicine, Genomic Health, Illumina, Myriad Genetics, NanoString Technologies, QIAGEN, Randox Laboratories, Roche, Philips, Thermo Fisher Scientific.
The precision cancer tests market is expected to grow at a compound annual growth rate of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Precision Cancer Tests Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Precision Cancer Tests Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Precision Cancer Tests Market - Supply Chain
4.5. Global Precision Cancer Tests Market Forecast
4.5.1. Precision Cancer Tests Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Precision Cancer Tests Market Size (000 Units) and Y-o-Y Growth
4.5.3. Precision Cancer Tests Market Absolute $ Opportunity
5. Global Precision Cancer Tests Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Precision Cancer Tests Market Size and Volume Forecast by Type
5.3.1. Imaging
5.3.2. In Vitro Diagnostic
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Precision Cancer Tests Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Precision Cancer Tests Market Size and Volume Forecast by Application
6.3.1. Cancer Research Centers
6.3.2. Cancer Hospital
6.3.3. Surgical Centers
6.3.4. Clinics
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Precision Cancer Tests Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Precision Cancer Tests Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Precision Cancer Tests Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Precision Cancer Tests Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Precision Cancer Tests Demand Share Forecast, 2019-2029
9. North America Precision Cancer Tests Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Precision Cancer Tests Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Precision Cancer Tests Market Size and Volume Forecast by Application
9.4.1. Cancer Research Centers
9.4.2. Cancer Hospital
9.4.3. Surgical Centers
9.4.4. Clinics
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Precision Cancer Tests Market Size and Volume Forecast by Type
9.7.1. Imaging
9.7.2. In Vitro Diagnostic
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Precision Cancer Tests Demand Share Forecast, 2019-2029
10. Latin America Precision Cancer Tests Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Precision Cancer Tests Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Precision Cancer Tests Market Size and Volume Forecast by Application
10.4.1. Cancer Research Centers
10.4.2. Cancer Hospital
10.4.3. Surgical Centers
10.4.4. Clinics
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Precision Cancer Tests Market Size and Volume Forecast by Type
10.7.1. Imaging
10.7.2. In Vitro Diagnostic
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Precision Cancer Tests Demand Share Forecast, 2019-2029
11. Europe Precision Cancer Tests Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Precision Cancer Tests Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Precision Cancer Tests Market Size and Volume Forecast by Application
11.4.1. Cancer Research Centers
11.4.2. Cancer Hospital
11.4.3. Surgical Centers
11.4.4. Clinics
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Precision Cancer Tests Market Size and Volume Forecast by Type
11.7.1. Imaging
11.7.2. In Vitro Diagnostic
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Precision Cancer Tests Demand Share, 2019-2029
12. Asia Pacific Precision Cancer Tests Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Precision Cancer Tests Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Precision Cancer Tests Market Size and Volume Forecast by Application
12.4.1. Cancer Research Centers
12.4.2. Cancer Hospital
12.4.3. Surgical Centers
12.4.4. Clinics
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Precision Cancer Tests Market Size and Volume Forecast by Type
12.7.1. Imaging
12.7.2. In Vitro Diagnostic
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Precision Cancer Tests Demand Share, 2019-2029
13. Middle East & Africa Precision Cancer Tests Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Precision Cancer Tests Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Precision Cancer Tests Market Size and Volume Forecast by Application
13.4.1. Cancer Research Centers
13.4.2. Cancer Hospital
13.4.3. Surgical Centers
13.4.4. Clinics
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Precision Cancer Tests Market Size and Volume Forecast by Type
13.7.1. Imaging
13.7.2. In Vitro Diagnostic
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Precision Cancer Tests Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Precision Cancer Tests Market: Market Share Analysis
14.2. Precision Cancer Tests Distributors and Customers
14.3. Precision Cancer Tests Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Abbott
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BD
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bio-Rad
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Cynvenio Biosystems
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Foundation Medicine
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Genomic Health
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Illumina
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Myriad Genetics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. NanoString Technologies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. QIAGEN
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Randox Laboratories
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Roche
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Philips
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Thermo Fisher Scientific
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
