Next Generation Cancer Diagnostics Market Report: Trends, Forecast and Competitive Analysis to 2030

Next Generation Cancer Diagnostics Trends and Forecast

The future of the global next generation cancer diagnostics market looks promising with opportunities in the biomarker development, CTC analysis, proteomic analysis, epigenetic analysis, and genetic analysis markets. The global next generation cancer diagnostics market is expected to reach an estimated $17.9 billion by 2030 with a CAGR of 11.0% from 2024 to 2030. The major drivers for this market are increasing prevalence of oncology disorders, requirement for effective prognosis and early detection of different types of cancer, as well as, growing efforts by important stakeholders to create novel approaches to address the growing need for effective diagnostics.

A more than 150-page report is developed to help in your business decisions.

Next Generation Cancer Diagnostics by Segment

The study includes a forecast for the global next generation cancer diagnostics by cancer type, technology, function, application, and region.

Next Generation Cancer Diagnostics Market by Cancer Type [Shipment Analysis by Value from 2018 to 2030]:

• Lung Cancer
• Breast Cancer
• Colorectal Cancer
• Cervical Cancer
• Others

Next Generation Cancer Diagnostics Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Next-Generation Sequencing
• qPCR & Multiplexing
• Lab-On-A-Chip & Reverse Transcriptase-PCR
• Protein Microarrays
• DNA Microarrays

Next Generation Cancer Diagnostics Market by Function [Shipment Analysis by Value from 2018 to 2030]:

• Therapeutic Monitoring
• Companion Diagnostics
• Prognostics
• Cancer Screening
• Risk Analysis

Next Generation Cancer Diagnostics Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Biomarker Development
• CTC Analysis
• Proteomic Analysis
• Epigenetic Analysis
• Genetic Analysis
• Others

Next Generation Cancer Diagnostics Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Next Generation Cancer Diagnostics Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies next generation cancer diagnostics companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the next generation cancer diagnostics companies profiled in this report include-

• Janssen Pharmaceuticals
• Illumina
• Novartis
• F. Hoffmann-La Roche
• Koninklijke Philips
• QIAGEN
• Agilent Technologies
• Abbott
• Thermo Fisher Scientific
• GE HealthCare

Next Generation Cancer Diagnostics Market Insights

Lucintel forecasts that therapeutic monitoring will remain the largest segment over the forecast period due to the growing use of immunotherapies and targeted treatments in the treatment of cancer has increased the demand for efficient therapeutic monitoring.

North America will remain the largest region over the forecast period due to the existence of a solid healthcare system and strong focus on cancer research.

Features of the Global Next Generation Cancer Diagnostics Market

Market Size Estimates: Next generation cancer diagnostics market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Next generation cancer diagnostics market size by various segments, such as by cancer type, technology, function, application, and region in terms of value ($B).

Regional Analysis: Next generation cancer diagnostics market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different cancer type, technology, function, application, and regions for the next generation cancer diagnostics market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the next generation cancer diagnostics market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the next generation cancer diagnostics market size?

Answer: The global next generation cancer diagnostics market is expected to reach an estimated $17.9 billion by 2030.

Q2. What is the growth forecast for next generation cancer diagnostics market?

Answer: The global next generation cancer diagnostics market is expected to grow with a CAGR of 11.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the next generation cancer diagnostics market?

Answer: The major drivers for this market are increasing prevalence of oncology disorders, requirement for effective prognosis and early detection of different types of cancer, as well as, growing efforts by important stakeholders to create novel approaches to address the growing need for effective diagnostics.

Q4. What are the major segments for next generation cancer diagnostics market?

Answer: The future of the global next generation cancer diagnostics market looks promising with opportunities in the biomarker development, CTC analysis, proteomic analysis, epigenetic analysis, and genetic analysis markets.

Q5. Who are the key next generation cancer diagnostics market companies?

Answer: Some of the key next generation cancer diagnostics companies are as follows.

• Janssen Pharmaceuticals
• Illumina
• Novartis
• F. Hoffmann-La Roche
• Koninklijke Philips
• QIAGEN
• Agilent Technologies
• Abbott
• Thermo Fisher Scientific
• GE HealthCare

Q6. Which next generation cancer diagnostics market segment will be the largest in future?

Answer: Lucintel forecasts that therapeutic monitoring will remain the largest segment over the forecast period due to the growing use of immunotherapies and targeted treatments in the treatment of cancer has increased the demand for efficient therapeutic monitoring.

Q7. In next generation cancer diagnostics market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to the existence of a solid healthcare system and strong focus on cancer research.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the next generation cancer diagnostics market by cancer type (lung cancer, breast cancer, colorectal cancer, cervical cancer, and others), technology (next-generation sequencing, qPCR & multiplexing, lab-on-a-chip & reverse transcriptase-PCR , protein microarrays, and DNA microarrays), function (therapeutic monitoring, companion diagnostics, prognostics, cancer screening, and risk analysis), application (biomarker development, CTC analysis, proteomic analysis, epigenetic analysis, genetic analysis, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?