Global Cancer Tumor Profiling Market to grow at a CAGR of +19% during forecast period 2017-2021 with top key players like Illumina Inc, QIAGEN N.V, NeoGenomics Laboratories , HTG Molecular Diagnostic , and Genomic Health Inc
Houston, TX -- (SBWIRE) -- 02/14/2018 -- Cancer/tumor profiling uses several molecular biology techniques, such as microarray, polymerase chain reaction (PCR), and in situ hybridization (ISH), to provide specific information about genetic and molecular makeup of tumor. It can detect the presence or absence of distinct disease-associated targets that guide medical practitioners in deciding the appropriate course of treatment for patients. In addition, it enables estimating individual patient risk to cancer by performing high throughput genotyping analysis of tumor DNA and predicting the reaction outcome of the therapy.
The global market is driven by growing demand for cancer profiling method by oncologists to diagnose or treat cancers as well as predict response to targeted therapy. In addition, rise in adoption of cancer biomarkers for tumor profiling, increase in incidence of cancer across the globe, and growth in use of next-generation sequencing technique for cancer profiling boost the market growth. However, high monetary investments for the development of biomarkers and dearth of skilled professionals or oncologists specific to tumor profiling hamper the market growth.
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Key Vendors in this Report:
Illumina Inc. (U.S.), QIAGEN N.V. (Netherlands), NeoGenomics Laboratories (U.S.), HTG Molecular Diagnostic (U.S.), and Genomic Health Inc. (U.S.).
This research, highlighting the current situation of the global Cancer Tumor Profiling market, focuses on answering some of the important questions faced by stakeholders. By providing answers to all of these questions related to the key drivers and dominant companies, the report's authors also focus on different factors, which would create new growth opportunities in the global Cancer Tumor Profiling market. Prepared by an expert team, the report on the global Cancer Tumor Profiling market highlights recent developments, key trends, and new project developments in the market. As leading companies take efforts to maintain their dominance in the global Cancer Tumor Profiling market, the right way to do so is by adopting new technologies and strategies.
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A major chunk of the report talks about the technologies that are and will influence the growth of the Cancer Tumor Profiling market. Forecasts for these technology sectors are presented in the report. Integration is the key to advancement in technology in the global Cancer Tumor Profiling market. Companies that offers the latest integrated technologies at an affordable cost are expected to thrive in the Cancer Tumor Profiling market. The dominating technologies in the Cancer Tumor Profiling market along with the upcoming technologies that are expected to revolutionize the market are explained in the report
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The research on the global Cancer Tumor Profiling market will be useful to investors, regularity authorities, and policy makers, state the analysts. Independent research institutions, commercial entities, and non-profit organization in this sector can also benefit from the report. Key companies operating in the global Cancer Tumor Profiling market are profiled by considering factors such as capacity production, products/services, applications, cost, gross, and revenue.
Finally, the research directs its focus towards the possible strengths, weaknesses, opportunities, and threats that can affect the growth of the global Cancer Tumor Profiling market. The feasibility of new projects is also measured in the report by the analysts.
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