Advancements in Precision Oncology Market: A Paradigm Shift in Cancer Treatment


Posted May 23, 2023 by apurvamaximize

Global Precision Oncology Market is worth USD 89.5 billion in 2022 and is estimated to grow at a CAGR of 9.9% in the forecasted period. The forecasted revenue hints at a growth of around 173.30 billion USD by 2029.

 
Market Overview

The Precision Oncology Market drivers, restraints, opportunities, trends, technical advancements, product developments, growth strategies, and growth strategies and prospects, as well as the forecast period, are briefly covered in the Global Precision Oncology Market research report. Mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches are the methods evaluated during the research. The global Precision Oncology market research report offers an in-depth look at the industry, including key figures like market size, market share, revenue growth, and CAGR over the forecast cast period (2021 to 2029).

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Precision Oncology Market Scope

The report published by Maximize Market Research on Precision Oncology market focuses on the most important regional market share data. The report includes accessible opportunities in micro markets for stakeholders to invest, as well as a detailed analysis of the competitive landscape and significant competitors' product offers. The Precision Oncology market is expected to grow at a steady growth rate between 2021 to 2029, according to the Precision Oncology market estimation. The report provides, information about major growth drivers, market dynamics, challenges, and scope along with the PESTAL, PORTER, and SWOT analysis. Research identifies the most important trends that will impact business operations.

Segmentation

Market Segmentation for Precision Oncology by Product

The two important market segments for precision oncology are diagnostics and therapeutics. Almost 70% of the segment is controlled by therapeutics. In the precision oncology market, therapeutics are favoured over diagnostics because they have the potential to enhance patient outcomes and lower medical expenses. Additionally, therapy has a higher proportion because it can actually save a person's life. Each discipline of therapeutics, which is divided into various subfields, has its unique relevance.

Market for Precision Oncology by End User

Around 47% of the market is accounted for by diagnostics laboratories, who are followed by pharmaceutical companies that have recently invested in the sector since such markets appear to have a promising future. Healthcare data firms have a bright future, but at the moment they don't have significant market share.

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Key Players

• Illumina, Inc. (United States)
• Thermo Fisher Scientific, Inc. (United States)
• Agilent Technologies, Inc. (United States)
• Invitae Corporation (United States)
• NeoGenomics Laboratories, Inc. (United States)
• Bristol Myers Squibb Company (United States)
• Pfizer Inc. (United States)
• Amgen Inc. (United States)
• Merck & Co., Inc. (United States)
• Eli Lilly and Company (United States)
• Genomic Health, Inc. (United States)
• Foundation Medicine, Inc. (United States)
• Guardant Health, Inc. (United States)
• Myriad Genetics, Inc. (United States)
• Exact Sciences Corporation (United States)
• NanoString Technologies, Inc. (United States)
• Guardant Health, Inc. (United States)
• F. Hoffmann-La Roche Ltd (Switzerland)
• Bayer AG (Germany)
• AstraZeneca plc (United Kingdom)
• Novartis AG (Switzerland)
• Roche Holding AG (Switzerland)
• Qiagen N.V. (Netherlands)
• Sysmex Corporation (Japan)
• Dasa (Brazil)

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Regional Analysis

The Precision Oncology Report provides an in-depth understanding and knowledge of the Precision Oncology market trends, dynamics, and other issues in the market. The report on the Precision Oncology market includes the most significant developments that have an impact on the industry. It assists in identifying the information included in the report, as well as assessing the competitive landscape of important firms, Precision Oncology market dynamics, and other things that help to determine current marketing plans. The regions covered during the region were Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America.

Key Questions answered in the Precision Oncology Market Report are:

What is Precision Oncology Market?
What is the forecast period of the Precision Oncology Market?
What is the competitive scenario of the Precision Oncology market?
Which region held the largest market share in the Precision Oncology Market?
What are the opportunities for the Precision Oncology Market?
What are the restraining factors in the Precision Oncology market?
Who are the key players of the Precision Oncology market?
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Key offerings:

Market Share, Size, and Forecast by Revenue|2022-2029
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis by Precision Oncology Market.
Landscape- Leading key players and other prominent key players.
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Issued By Apurva MMR
Country United States
Categories Biotech , News , Research
Tags precision oncology market , precision oncology market size , precision oncology market share
Last Updated May 23, 2023