Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1100 Million | USD 8100 Million | 16% | 2022 |
FrequentlyAsked Questions
With genomics-focused pharmacology beginning to play a major role in cancer therapy, clinical next-generation sequencing (NGS) is emerging as a valuable method for obtaining an in-depth and accurate look into individual tumor molecular backgrounds.
The global clinical oncology next generation sequencing market growth can be owing to technological innovations and a rise in healthcare expenditure.
According to a study, the global clinical oncology next generation sequencing industry size was $1100 million in 2022 and is projected to reach $8100 million by the end of 2030.
The global clinical oncology next generation sequencing market is anticipated to record a CAGR of nearly 16% from 2023 to 2030.
The Asia-Pacific clinical oncology next generation sequencing industry is set to register the highest CAGR over the forecasting timeline owing to low costs of sequencing and supportive government guidelines. High investments by manufacturers will further add to the regional market growth in the coming years.
The global clinical oncology next generation sequencing market is led by players such as Agilent, Beijing Genomics Institute (BGI), Qiagen NV, Oxford Nanopore Technologies Ltd., Caris Life Sciences, Eurofins Scientific, Perkin Elmer, Inc., Foundation Medicine, Myriad Genetics, Partek, Inc., Pacific Bioscience, Inc., Paradigm Diagnostics, Inc., and Thermo Fisher Scientific Corporation.
The clinical oncology next generation sequencing market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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