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Report On Global Cancer/Tumor Profiling Market by Technology, Cancer Types, Biomarker Types, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026 Contact US Pune Office DataIntelo Kalpavruksha 1st Floor, Office No. 1, GK Lane Number 3, Nandanwan Society,Ingawale Nagar, Pimple Nilakh, Pune, Maharashtra 411027 hello@dataintelo.com www.dataintelo.com
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Global Cancer/Tumor Profiling Market by Technology, Cancer Types, Biomarker Types, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026 Global Cancer/Tumor Profiling Market was valued to reach USD 12.6 Billion in 2017. The market is projected to grow at CAGR of 8.5% over the forecast period 2020–2026, owing to factors like growing incidences of cancer across the globe, increasing utilization of biomarkers for tumor profiling and surge in cancer research and technological advancements in profiling. Get Sample Report: https://dataintelo.com/request-sample/?reportId=387
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.
Market Trends, Drivers, Restraints, and Opportunities: ● ●
Increasing prevalence of cancer and growing usage of biomarkers in cancer profiling are expected to boost the growth of the market in the coming years. Increase in funding and research on cancer and technological advances are anticipated to propel market growth during the estimated timeframe.
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However, lack of capital investments and rise in technical problems related to sample storage and collection are likely to impede the growth of the market Moreover, poor recompense scenario and short biomarker discovery to approval ratio are anticipated to hamper market growth. Rising demand for personalized medicines and point-of-care diagnostics is expected to offer numerous market growth opportunities.
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