Global 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 delivered by Maximize Market Research helps clients to understand the competitive landscape in detail, which is a guide for strategic planning. The report gives insights about the market to help clients understand the demand for their product in the future with the emerging trends in the Precision Oncology industry.
Precision Oncology Market Report Scope and Research Methodology
The report provides a thorough analysis of the market and contains meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics on Precision Oncology Industry. The report offers the market share and rival sector, as well as an analysis of the major vendors and leading regions. The report also provides the Precision Oncology market’s present size, growth rates, and company profiles of the top players and producers. The bottom-up approach was used to estimate the Precision Oncology market size.
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Growth models and strategies used by key players are based on the competitive landscape. The report provides a thorough analysis of the market and includes meaningful insights, facts, historical data and industry-validated market statistics. The report also provides the Precision Oncology present size, growth rates, and company profiles of the top players and producers. An in-depth analysis of the regional environment is involved, along with information on the potential, important growth indicators, geographical challenges, and threats facing the market.
Market Regional Insights
The Regional Analysis in the report helps to understand the market in various countries. The report includes a detailed analysis of all the factors, market size, growth rate, and import and export in regions covering North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
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Precision Oncology Market Segmentation
The two important market segments for precision oncology are diagnostics and therapeutics. Almost 70% of the segment is controlled by therapeutics. In the precision oncology market, therapeutics are favoured over diagnostics because they have the potential to enhance patient outcomes and lower medical expenses. Additionally, therapy has a higher proportion because it can actually save a person’s life. Each discipline of therapeutics, which is divided into various subfields, has its unique relevance.
The most prevalent type of cancer, breast cancer, makes up roughly 41% of this group. The CAGR for cervical cancer is the greatest of the five, and it is projected to increase during the estimated period. Nearly equal market share is held by lung cancer and prostate cancer. Identification is crucial since early diagnosis aids in the development of precise anticancer treatments. Of the five forms of cancer, colorectal cancer has the smallest market.
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 questions answered in the Precision Oncology Market are:
- What is Precision Oncology?
- What are the global trends in the Precision Oncology Market?
- What was the market size in 2022?
- Which trends are expected to generate additional revenue for the market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Market?
- What are the major challenges that the Precision Oncology Market could face in the future?
- What are the upcoming industry applications and trends for the Market?
- What growth strategies are the players considering to increase their presence in the Market?
- Who held the largest market share in the Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- 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
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