Pune, 16, Dec 2022: The Solid Tumor Testing Market report has been published by Maximize Market Research, a leading Healthcare consulting firm. The report is beneficial to prominent market participants, new entrants, investors, and stakeholders who are developing plans and striving to improve the reputation of their businesses. According to the MMR analysis, the Solid Tumor Testing Market size was valued at USD 32.48 Billion in 2021 and the total Solid Tumor Testing revenue is expected to grow at a CAGR of 7.85% from 2022 to 2029, reaching nearly USD 59.45 Billion.
Solid Tumor Testing Market Scope and Research Methodology
The global Solid Tumor Testing Market report analysis provides a thorough examination of significant trends and future competition analyses in the Solid Tumor Testing Market Industry, assisting clients in identifying business opportunities and building market strategies. The Solid Tumor Testing market report concentrated on the market’s overall drivers, opportunities, challenges, and restraints. The report makes extensive use of both primary and secondary data sources. SWOT analysis was used to explore the strengths and weaknesses of key firms, while PORTER and PESTLE were used to investigate diverse economic challenges.
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Solid Tumor Testing Market Overview
Solid tumors are abnormal masses of tissue that often lack cysts and liquid areas. Solid tumors can be benign (non-cancerous) or malignant (cancerous). The many forms of solid tumors are called after the cells that make them. Solid tumors include sarcomas, carcinomas, and lymphomas. Despite significant efforts to investigate solid tumor biology and create solid tumor diagnostic tests, solid tumors remain one of the leading causes of mortality.
Solid Tumor Testing Market Dynamics
The solid tumor testing market has grown due to a growth in the elderly population, an increase in the occurrence of bladder tumors, and an increase in demand for less invasive techniques for solid tumor diagnosis. Likewise, an increase in unhealthy lifestyles, smoking, alcohol use, and increasing usage of supplements and steroids are expected to rise the prevalence of solid tumors and boost the growth of the solid tumor testing market.
Meanwhile, technical advancements, new launches, and key player strategies such as acquisition and collaboration drive market growth throughout the forecast period. However, the high cost of testing treatment and a lack of public awareness are expected to restrain the solid tumor testing market growth over the forecast period.
Solid Tumor Testing Market Segmentation
By Testing Type
- Non-Conventional Testing
- Fluorescence in-situ hybridization (FISH)
- Immunohistochemistry (IHC)
- Polymerase chain reaction (PCR)
- Next-generation sequencing (NGS)
- Conventional Testing
By Application
- Prostate
- Breast
- Colorectal
- Endometrial
- Lung
- Melanoma
- Brain
- Thyroid
- Liver
- Ovarian
- Others
By End User
- Hospitals
- Pharmaceutical and biotechnology companies
- Contract research organizations
- Academic research institutions
Solid Tumor Testing Market Regional Insights
In 2021, the North American market accounted for approximately 48% of the global solid tumor testing market. In 2021, the United States owned the greatest share of the North American solid tumor testing market. The rising cancer incidence rates among the population, the existence of significant players in the area, and the availability of sophisticated healthcare infrastructure are driving market growth over the forecast period.
Solid Tumor Testing Market Key Competitors:
- Abbott Laboratories
- Agilent Technologies
- 20/20 Gene Systems Inc.
- Thermo Fisher Scientific, Inc.
- Avant Diagnostics, Inc.
- Advanced Cell Diagnostics, Inc.
- Agena Bioscience, Inc.
- Bio-Rad Laboratories, Inc.
- Johnson & Johnson
- Biocare Medical, LLC.
- ARUP Laboratories
- Caris Life Sciences.
- F. Hoffmann-La Roche Ltd
- Genomic Testing Cooperative
- Guardant Health
- HTG Molecular Diagnostics, Inc.
- Illumina, Inc.
- Invitae Corporation
- Invivoscribe, Inc.
- Laboratory Corporation of America Holdings
- NanoString
- NeoGenomics Laboratories
- Opko Health, Inc.
- QIAGEN
- Quest Diagnostics Incorporated.
- Thermo Fisher Scientific, Inc.
- VYANTbio.
- MedGenome Labs Private Ltd.
- Myraid Genetics, Inc.
- Thermo Fisher Scientific, Inc.
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Key questions answered in the Solid Tumor Testing Market are:
- What is the Solid Tumor Testing?
- What is the growth rate of the Solid Tumor Testing Market during the forecast period?
- What is the nature of competition in the Solid Tumor Testing Market industry in developed economies and developing economies?
- Who are the key players in the Solid Tumor Testing Market?
- What are the factors affecting growth in the Solid Tumor Testing Market?
- Who held the largest market share in the Solid Tumor Testing Market?
- What are the factors for the growth of the Asia-Pacific region in the Solid Tumor Testing Market?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Testing Type, Application, End User, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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