Genomic Cancer Testing Market Growth Accelerated by Innovation in Cancer Testing Techniques
Genomic Cancer Testing Market |
Genomic cancer testing helps in determining cancer type and its driver genes for effective treatment of cancer. Such testing provide accurate diagnosis and assist oncologists in personalized treatment planning. The genomic profiling helps analyze cancer cells at molecular level and recommend targeted therapy. Advancements in next-generation sequencing technologies have enabled high-throughput and cost-effective cancer testing.
The global Genomic Cancer Testing Market is estimated to be valued at US$ 13.67 billion in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The innovation in cancer testing techniques has accelerated the growth of Genomic Cancer Testing Market. Next generation sequencing techniques such as whole genome sequencing and whole exome sequencing help analyze multiple genes simultaneously and provide comprehensive genomic profile of cancer. This enable accurate diagnosis and selection of personalized treatment for patients. Such advance testing techniques analyze both germline and somatic genetic changes and have emerged as standard of care for cancer treatment management. This trend is expected to continue during forecast period with further advancement in sequencing technologies.
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