DUBAI, United Arab Emirates, Jan. 27, 2022 (GLOBE NEWSWIRE) -- The global Clinical Oncology Next-Generation Sequencing Market is estimated to be worth around US$ 449.4 Mn in 2022. With rising adoption of next generation sequencing (NGS) in clinical oncology for advance personalized treatment of cancer, the overall Clinical Oncology Next-Generation Sequencing Market is projected to expand at a prolific CAGR of 16.3% between 2022 and 2029, reaching a valuation of US$ 1.14 Bn by 2029.
Next-generation sequencing refers to the identification of the nucleotides of DNA base pairs for the diagnosis of various diseases. Oncology is one of the important applications of next-generation sequencing.
It is an advanced and faster method of sequencing. Clinical oncology next-generation sequencing includes kits & reagents, services, sequencing platforms, and sequencing products. The kits and reagents used for sequencing are expected to witness significant growth in the overall Clinical Oncology Next-generation Sequencing Market.
Attribute
Details
Clinical Oncology Next-Generation Sequencing Market Estimated Size in 2022
US$ 449.4 Mn
Clinical Oncology Next-Generation Sequencing Market Projected Size in 2029
North America is expected to be a prominent region in the global clinical oncology next-generation sequencing market owing to the presence of well-developed healthcare infrastructure and numerous technological advancements in the region. North America and Europe are expected to witness a significant growth rate in the clinical oncology next-generation sequencing market.
Synthesis Sequencing Technology to Hold a Major Market Value Share
Based on the technology, the clinical oncology next-generation sequencing market has been segmented into pyro sequencing, sequencing by synthesis (SBS), and Single-Molecule Real-Time Sequencing (SMRT), nanopore sequencing, ligation sequencing, and reversible dye termination sequencing. Synthesis sequencing is however expected to hold a significant share in the clinical oncology next-generation sequencing market.
Ion semiconductor sequencing is a method of DNA sequencing in which hydrogen ions are detected based on the polymerisation of DNA. Pyro-sequencing includes identifying the order of nucleotides in DNA based on the "sequencing by synthesis" principle, in which the sequencing is performed with the help of DNA polymerase. SBS is a technique used to determine the series of base pairs in DNA, which is also known as DNA sequencing.
North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East and Africa
Key Countries Covered
US, Canada, Mexico, Brazil, Germany, U.K., France, Italy, Spain, Russia, Poland, China, Japan, South Korea, India, ASEAN, Turkey, Saudi Arabia and South Africa
Key Segments Covered
Component, Technology, Application, End User and Region
Key Companies Profiled
Illumina, Inc.
F. Hoffmann-La Roche Ltd
Oxford Nanopore Technologies
Agilent Technologies
Thermo Fisher Scientific Inc, PerkinElmer, Inc.
Becton, Dickinson and Company
QIAGEN N.V.
Pacific Biosciences of California, Inc.
BGI Group
Takara Bio, Inc
Creative-Biolabs
Mogene LC
Report Coverage
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
There are various applications associated with clinical oncology next-generation treatment market. They include whole tumor genome sequencing, whole tumour exome sequencing, targeted tumour genome profiling, tumour transcriptome sequencing, tumour-normal comparisons, and other applications.
Targeted tumor genome profiling is expected to hold a large share of the clinical oncology next-generation treatment market. On the basis of end user, the clinical oncology next-generation sequencing market has been segmented into hospital laboratories, clinical research organisations, diagnostic laboratories, and others. Clinical research laboratories are expected to hold a large revenue share in the clinical oncology next-generation sequencing market.
Apart from the factors driving the clinical oncology next-generation sequencing market, there are few factors that are likely to hinder the overall growth of the clinical oncology next-generation sequencing market, such as high costs associated with the establishment of sequencing platforms, low quality of outsourcing services, and inadequate availability of sequencing platforms in some regional markets.
On the other hand, increasing biomedical research using clinical oncology, increasing government funding for life science projects, substantial decline in the prices of sequencing, and technological advancements in the field of sequencing are some of the major factors driving the growth of the clinical oncology next-generation sequencing market.
Tier 1 Companies Hold Nearly 3/5th Share of Global Market Value The report tracks some of the key companies operating in the clinical oncology next-generation sequencing market such as QIAGEN N.V., Thermo Fisher Scientific., Pacific Biosciences of California, Inc., F. Hoffmann-La Roche Ltd Oxford Nanopore Technologies, Ltd., Takara Bio, Inc., Illumina Inc., PerkinElmer Inc.and Agilent Technologies, Inc. Thermo Fischer Scientific, Oxford Nanopore Technologies Ltd., and Illumina are expected to hold a signficant share of the clinical oncology next-generation sequencing market. These first tier companies hold a share of approximately 60% in the clinical oncology next-generation sequencing market.
Explore FMI’s Extensive ongoing Coverage on Healthcare Domain
Endoscopic Retrograde Cholangiopancreatography (ECRP) Devices Market - Endoscopic retrograde cholangiopancreatography (ERCP) devices utilizes a combination of fluoroscopic imaging and luminal endoscopy for the diagnosis and treatment of pancreatobiliary system related disorders.
Seizure Detection Devices Market - This Seizure Detection Devices market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape.
Home Blood Testing Devices Market - Blood test is the most basic diagnostic method used to determine the malfunctioning of human bodily systems. Regular blood tests are easiest way of keeping track of one’s health.
Vacuum Therapy Devices Market - Vacuum therapy devices are the medical suction devices which are widely used in various types of vacuum therapies such as negative pressure wound therapy and also in erectile dysfunction disorders.
Bariatric Surgery Devices Market - Undertaking a bariatric surgery has become relatively necessary for the majority of the global population, especially the obese and the overweight demographic. The fact that obesity is one of the most prevalent and endangering health disorders has increased the awareness about bariatric surgery and devices.
Arthroscopy Devices Market - The arthroscopic devices market has emerged as one of the attractive industries in the medical equipment sector. In the recent past, the orthopaedics industry has seen major private equity transactions, several mergers and innovative product launches which acts as a key driver for global arthroscopic devices market.
Lithotripsy Devices Market - Lithotripsy is a procedure that helps to break the process of urolithiasis. Urolithiasis is the process of forming stones in the kidney, bladder, and/or urethra. Kidney stones are a common cause of blood in the urine and pain in the abdomen, flank, or groin.
C-Arms Devices Market - C-Arms is medical imaging device that is based on X-ray technology and can be used flexibly. The name is derived from the C-shaped arm used to connect the X-ray source and X-ray detector to one another.
Diabetes Care Devices Market - The global Diabetes care devices market is advancing at an average rate to record a CAGR of 6.3% from 2022-2032.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
