Cancer/Tumor Profiling Market Share Report 2022-2027

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Global Cancer/Tumor Profiling Market Research Report:

According to the latest report by IMARC Group, titled “ Cancer/Tumor Profiling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Foreca st 2022-2027

” the global cancer/tumor profiling market reached a strong growth in 2021.

Cancer/tumor profiling, also called biomarker testing, represents a laboratory test or procedure that is used for identifying specific proteins, gene mutations, and other biomarkers in a tumor tissue sample. It assists in therapeutic decision-making, routine diagnostics, and developing customized treatment therapies and plans for patients based on the severity of their diseases and genomic build-up. Consequently, cancer/tumor profiling finds wide-ranging applications in research, prognostics, the discovery of biomarkers, the development of screening and diagnostic techniques, etc.

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Global Cancer/Tumor Profiling Market Trends :

The growing number of clinical trials and the increasing adoption of immunoassay techniques are among the primary factors driving the cancer/tumor profiling market. Moreover, the launch of various favorable policies by government bodies across countries for introducing numerous innovative techniques to reduce the time taken for the detection and identification of tumors is further catalyzing the market growth.

In line with this, several technological advancements in molecular biology techniques, such as nextgeneration sequencing (NGS), are augmenting the utilization of cancer/tumor profiling, which, in turn, is acting as another significant growth-inducing factor. Additionally, the elevating consumer inclination towards personalized medicines is also positively influencing the global market. Besides this, the inflating investments by pharmaceutical and biotechnology companies in R&D activities for developing new drug designing techniques and novel therapies are anticipated to fuel the cancer/tumor profiling market over the forecasted period. Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).

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