“Global Precision Cancer Diagnostic Tests market set to grow to $21.3bn by 2024” says new Visiongain report
06 June 2019
Visiongain has launched a new pharma report Global Precision Cancer Diagnostic Tests Market Forecasts 2019-2029: Lung Cancer, Breast Cancer, Colorectal Cancer, Blood Cancer, Gastric Cancer, HER-2 Positive, HR Positive, TNBC, Tissue Biopsy, Liquid Biopsy.
Over the past ten years, there has been a paradigm shift in the treatment of cancer, driven by advances in personalised medicine and immuno-oncology. The global precision cancer diagnostics tests market was estimated at $3.94 bn in 2018 and is expected to grow at a CAGR of 22.1% during the forecast period. The lung cancer submarket held 23% of the global precision cancer diagnostic tests market in 2018.
The lead analyst of the report commented "The market players are increasingly focusing on precision therapies where drug and precision tests are developed simultaneously. Thus, Visiongain believes that the focus on oncology and precision oncology diagnostics will remain high over the next decade driven by the ongoing research and development and growing number of partnerships between pharmaceutical and diagnostics players in this field.
Novel trends such as development of liquid biopsy-based tests will revolutionise the future of precision cancer diagnostic tests and as a result of this; the market will continue to achieve strong revenue growth."
Leading companies featured in the report include Abbott Laboratories, Agilent Technologies, Inc., bioMerieux SA, Genomic Health, Inc., Illumina, Inc., Myriad Genetics, Inc., Qiagen N.V., Roche Holding AG, Siemens Healthineers, Thermo Fisher Scientific, Inc. and other companies.
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