Precision Oncology Market Industry Outlook, Size, Growth Factors and Forecast 2030

Precision Oncology Market:is worth USD 89.5 billion in 2022 and is estimated to grow at a CAGR of 9.9% in the forecasted period. The forecasted revenue hints at a growth of around 173.30 billion USD by 2029.

Precision Oncology Market Overview

The report serves as a comprehensive guide for investors, stakeholders, and market followers of the  Precision Oncology  Market. It offers an in-depth analysis of the market size, segmentation, drivers, and restraints. Factors that are expected to impact the industry positively or negatively are also included, providing decision-makers with a clear understanding of the  Precision Oncology  industry’s future outlook.

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Precision Oncology Market Report Scope and Research Methodology

The research for this report employs a combination of primary and secondary research methods to provide a detailed and accurate analysis of the   Precision Oncology Market. The bottom-up approach is utilized to estimate the market size, while secondary research is used to identify key players in the market. Primary research involves conducting interviews with significant opinion leaders and industry experts, including business owners and marketing specialists. Secondary research involves a thorough review of the annual and financial reports of top manufacturers to calculate their market revenues.

Precision Oncology Market Regional Insights :

The research includes a global-level regional analysis, providing a comprehensive understanding of the dominant market share and penetration in different regions. It also highlights emerging regions expected to become major markets for  Precision Oncology  . The report encompasses a competitive analysis, focusing on growth models, new strategies, and technologies adopted by key players in the market.

Precision Oncology Market Segmentation :

Within the precision oncology market, the two main segments are diagnostics and therapies. The majority of the segment is dominated by therapeutics. In the precision oncology industry, therapies are favoured over diagnostics due to their capacity to enhance patient outcomes and lower medical expenses. Additionally, medicines account for a bigger share because therapy can successfully save a person's life. There are numerous subfields within therapeutics, and each has a unique importance.

About 41% of this sector is made up of breast cancer, the most common type of cancer. Among the five, cervical cancer has the greatest CAGR and is anticipated to increase during the projected time. Lung cancer and prostate cancer have about equal markets. Identification is crucial since early diagnosis aids in the use of specific cancer medications. Of the five forms of cancer, colorectal cancer has the smallest market.

With a market share of approximately 47%, diagnostic laboratories hold the greatest stake. Pharma companies have been investing in this sector recently, since the outlook for these markets is promising. Healthcare data firms have a bright future, but their market share is now insufficient.

 

Precision Oncology Market Key Players :

1. Illumina, Inc. (United States) 2. Thermo Fisher Scientific, Inc. (United States) 3. Agilent Technologies, Inc. (United States) 4. Invitae Corporation (United States) 5. NeoGenomics Laboratories, Inc. (United States) 6. Bristol Myers Squibb Company (United States) 7. Pfizer Inc. (United States) 8. Amgen Inc. (United States) 9. Merck & Co., Inc. (United States) 10.Eli Lilly and Company (United States) 11.Genomic Health, Inc. (United States) 12.Foundation Medicine, Inc. (United States) 13.Guardant Health, Inc. (United States) 14.Myriad Genetics, Inc. (United States) 15.Exact Sciences Corporation (United States) 16.NanoString Technologies, Inc. (United States) 17.Guardant Health, Inc. (United States) 18.F. Hoffmann-La Roche Ltd (Switzerland) 19.Bayer AG (Germany) 20.AstraZeneca plc (United Kingdom) 21.Novartis AG (Switzerland) 22.Roche Holding AG (Switzerland) 23.Qiagen N.V. (Netherlands) 24.Sysmex Corporation (Japan) 25.Dasa (Brazil)

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Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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