Menu ×


Genomics In Cancer Care Market Segmentation By Product Type (Consumables, Instruments & Services); By Technology (PCR, DNA Sequencing, Microarray Technology, Flow Cytometry, Bioinformatics, Nucleic Acid Extraction and Purification & Others); By Application (Personalized Medicine, Diagnostics, Drug Discovery and Development & Research); By End User (Research Institutes, Academic Institutes & Hospitals) – Global Demand Analysis & Opportunity Outlook 2027

  • Text Size:

Extensive insights into the Growth of Genomics In Cancer Care Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

Global Genomics in Cancer Care Market Overview

DNA is the genetic material of the body where the genetic information of an individual is stored. The total DNA enclosed in the cell makes up the genome. The study of the sequence of DNA and the transformation of information in the body is referred as genomics. During cancer, there are certain minor changes in the genetic letters which can result in genetic alterations which includes mutations, deletions, insertions and many more. In cancer, change in the single nucleotide can hinder the working of the cell and can cause abnormalities.

The study of cancer genomes revealed various types of abnormalities in genes which propels the growth and proliferation of various types of cancer. The cancer causing epigenetic and genetic changes has led to the development of specialized therapies which effectively targets these changes. The coupling of advanced computational data analysis and next generation sequencing has revolutionized the understanding of the genomics involved in cancer progression and cancer development. The advent of antibody based therapies that target a cancer’s genomic dependencies have fueled the transition of genomic assays into clinical applications for patients suffering from cancer.  

Market Size and Forecast

The market is observing vibrant growth on account of increasing demand for personalized medicines for the molecular characterization of cancer to identify specific therapeutic targets. Increasing healthcare expenditure coupled with rapid development in diagnostics and therapeutics procedures is also augmenting the growth of the market. Enhancement in investments in the pharmaceutical and biotech industry coupled with rise in the research and development activities are expected to propel the market growth in upcoming years. Further, high prevalence of cancer across the globe is one of the major factors that are expected to augment the growth of the market over the forecast period i.e. 2019-2027.  

Genomics in cancer care market is anticipated to record a CAGR of 17.6% over the forecast period. The market is segmented by technology into PCR, DNA sequencing, microarray technology, flow cytometry, bioinformatics, nucleic acid extraction and purification and others, out of which, PCR and microarray technology is anticipated to observe robust growth on account of introduction of advanced instruments which includes instruments that are used to conduct genomics processes. CLICK TO DOWNLOAD SAMPLE REPORT

Genomics in cancer care market Graph

High Prevalence of Cancer

Genomics is widely used in cancer care for cancer treatment and diagnosis. Advancement in genomics followed by various improvements in sequencing technology have paved new roads for cancer care. According to the report of World Health Organization, the global cancer burden has enhanced to 18.1 million new cases. The number of deaths due to cancer was 9.6 million in 2018. Therefore, high prevalence of cancer across the globe along with the adoption of precision medicines in the field of oncology to get information about different types of genetic changes in the tumor are anticipated to augment the growth of the market over the forecast period.

Rise in Healthcare Expenditure

The advent of genomics in the past few years especially in the area of oncology has led to various research and developments in genomics for cancer care as genomics play an important role in the field of oncology. There is a rise in the healthcare expenditure across the globe. The healthcare expenditure of United States in the year 2016 was USD 8,047 per capita which enhanced to USD 10,209 per capita in the year 2017. These factors are anticipated to boost the market shares over the forecast period.


Low Rate of Adoption of Genomics in Cancer Care

The low rate of adoption of genomics in cancer care in the developing economies and the high cost associated with it is estimated to hinder the growth of the market over the forecast period.

Market Segmentation

Our-in depth analysis of the global genomics in cancer care market includes the following segments:

By Product Type

  • Consumables
  • Instruments
  • Services

By Technology

  • PCR
  • DNA Sequencing
  • Microarray Technology
  • Flow Cytometry
  • Bioinformatics
  • Nucleic Acid Extraction and Purification
  • Others

By Application

  • Personalized Medicine
  • Diagnostics
  • Drug Discovery and Development
  • Research

By End User

  • Research Institutes
  • Academic Institutes
  • Hospitals

By Region

On the basis of regional analysis, the global genomics in cancer care market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

North America is expected to dominate the global genomics in cancer care market on account of rapidly developing biotech and diagnostic industry coupled with high level of awareness among patients. Along with that, the increased funding by the government and private organizations in the research and development is one of the major factors that are driving the growth of the market in this region.

Further, the market in Asia Pacific region is expected to witness significant growth on the back of improved healthcare infrastructure and effective government support coupled with the enhancement in the penetration rate of new technologies and rising expenditure on research and development by the biotech industry.

The global genomics in cancer care market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC,  Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Key Players

Related Reports

Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2021 Research Nester. All Rights Reserved