Cancer Genomic Testing Market, Global Outlook and Forecast 2022-2028 Market Focuses on Market Share, Size and Projected Forecast Till 2031

The "Cancer Genomic Testing Market, Global Outlook and Forecast 2022-2028 Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Cancer Genomic Testing Market, Global Outlook and Forecast 2022-2028 market is expected to grow annually by 7.3% (CAGR 2024 - 2031).

This entire report is of 102 pages.

Cancer Genomic Testing Market, Global Outlook and Forecast 2022-2028 Introduction and its Market Analysis

The Cancer Genomic Testing Market, Global Outlook and Forecast 2022-2028 report provides insights into the rapidly growing market for genomic testing in cancer diagnosis and treatment. The market is driven by factors such as increasing prevalence of cancer, advancements in genomic technologies, and rising demand for personalized medicine. Key players in the market include Myriad Genetics, Centogene AG, Color Genomics, Quest Diagnostics, and others. The report highlights the market trends, opportunities, challenges, and provides recommendations for companies to capitalize on the growing demand for cancer genomic testing services. Overall, the market is expected to witness significant growth during the forecast period.

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The global Cancer Genomic Testing Market is projected to witness significant growth from 2022 to 2028, with a focus on various types such as Breast Cancer Genomic Testing, Lung Cancer Genomic Testing, Blood Cancer Genomic Testing, Liver Cancer Genomic Testing, Stomach Cancer Genomic Testing, and others. The market is segmented by application, including Hospitals, Clinics, Diagnostic Laboratories, Academic and Research Institutes, and others.

Regulatory and legal factors specific to market conditions play a crucial role in shaping the industry landscape. Compliance with regulations related to data privacy, patient consent, and genetic testing guidelines is essential for market players to ensure ethical and legal practices. The increasing adoption of genomic testing in cancer diagnosis and treatment is driving market growth, with advancements in technology and personalized medicine playing a key role in transforming healthcare practices. Overall, the Cancer Genomic Testing Market is poised for substantial growth in the coming years, offering opportunities for innovation and improved patient outcomes.

Top Featured Companies Dominating the Global Cancer Genomic Testing Market, Global Outlook and Forecast 2022-2028 Market

The global cancer genomic testing market is highly competitive with key players such as Myriad Genetics, Centogene AG, Color Genomics, Quest Diagnostics, 23andMe Inc., Gene By Gene Ltd., LabCorp, Positive Bioscience, Bio-Rad Laboratories, Illumina Inc., Agilent Technologies, and Thermo Fisher Scientific leading the market. These companies offer a wide range of cancer genomic testing services and products to cater to the increasing demand for personalized medicine in oncology.

Myriad Genetics is a leading player in the cancer genomic testing market with a focus on offering genetic testing services for hereditary cancers. Centogene AG specializes in rare disease diagnostics, including cancer genetics testing. Color Genomics provides affordable and accessible genetic testing services for hereditary cancer risk assessment. Quest Diagnostics offers a comprehensive range of cancer genetic testing services for patients and healthcare providers.

23andMe Inc. is known for its direct-to-consumer genomic testing services that include cancer risk assessment. Gene By Gene Ltd. offers genetic testing services for various health conditions, including cancer. LabCorp provides a wide array of molecular diagnostic services, including cancer genomic testing. Positive Bioscience focuses on personalized cancer treatment through genomic testing services.

Bio-Rad Laboratories, Illumina Inc., Agilent Technologies, and Thermo Fisher Scientific are major players in the cancer genomic testing market, providing advanced technologies and equipment for genetic testing services. These companies help to grow the market by offering innovative solutions for cancer diagnosis, prognosis, and treatment planning. In 2021, Myriad Genetics reported sales revenue of approximately $592 million, while Illumina Inc. reported sales revenue of over $4 billion.

• Myriad Genetics
• Centogene AG
• Color Genomics
• Quest Diagnostics
• 23andMe Inc.
• Gene By Gene Ltd.
• LabCorp
• Positive Bioscience
• Bio-Rad Laboratories
• Illumina, Inc.
• Agilent Technologies
• Thermo Fisher Scientific

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Cancer Genomic Testing Market, Global Outlook and Forecast 2022-2028 Market Analysis, by Type:

• Breast Cancer Genomic Testing
• Lung Cancer Genomic Testing
• Blood Cancer Genomic Testing
• Liver Cancer Genomic Testing
• Stomach Cancer Genomic Testing
• Others

Cancer genomic testing market encompasses various types such as Breast Cancer, Lung Cancer, Blood Cancer, Liver Cancer, Stomach Cancer, and Others. These tests help in determining the genetic makeup of tumors, guiding personalized treatment decisions, and monitoring disease progression. Increasing prevalence of cancer worldwide, rising awareness about personalized medicine, and advancements in genomic technologies drive the demand for cancer genomic testing. Moreover, the growing emphasis on early detection and targeted therapies for different cancer types further boosts the market growth. Overall, the Cancer Genomic Testing Market is expected to witness significant growth from 2022 to 2028.

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Cancer Genomic Testing Market, Global Outlook and Forecast 2022-2028 Market Analysis, by Application:

• Hospitals
• Clinics
• Diagnostic Laboratories
• Academic and Research Institutes
• Others

The Cancer Genomic Testing Market, Global Outlook and Forecast 2022-2028 finds application in hospitals, clinics, diagnostic laboratories, academic and research institutes, and others. These institutions utilize cancer genomic testing for personalized medicine, targeted therapy selection, early detection, treatment monitoring, and disease risk assessment. Among these, hospitals are the fastest-growing application segment in terms of revenue due to the increasing adoption of genomic testing for precision medicine and improving patient outcomes. The market is expected to witness significant growth in the forecast period as more healthcare providers integrate genomic testing into their clinical practice.

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Cancer Genomic Testing Market, Global Outlook and Forecast 2022-2028 Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The Cancer Genomic Testing Market is expected to witness significant growth from 2022 to 2028, with North America leading the market due to high adoption rates of genomic testing technologies. APAC and Europe are also projected to witness robust growth, driven by increased awareness and healthcare spending. In terms of market share, North America is expected to dominate the market with a share of around 40%, followed by Europe with 30% and APAC with 20%. The USA and China are expected to be key growth drivers within the North America and APAC regions, respectively.

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