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U.S. Clinical Oncology Next Generation Sequencing Market

Report ID: FBI 5930

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Published Date: Aug-2024

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Format : PDF, Excel

Market Outlook

The U.S. Clinical Oncology Next Generation Sequencing Market is expected to witness significant growth in the coming years. Factors such as increasing prevalence of cancer, advancements in NGS technology, and rising demand for personalized medicine are driving the market growth.

Market Dynamics

Clinical Oncology Next Generation Sequencing Market

Largest Region

North America

49% Market Share in 2023

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Two key growth drivers for the U.S. Clinical Oncology Next Generation Sequencing Market include the growing adoption of NGS in cancer diagnosis and treatment, and the rise in research and development activities in oncology. On the other hand, some restraints for the market include high cost associated with NGS testing and the lack of skilled professionals to interpret NGS data.

Segment Analysis

The market can be segmented based on technology, application, and end-user. By technology, it can be further classified into whole genome sequencing, whole exome sequencing, targeted sequencing, and others. Based on application, it includes diagnostics, drug discovery, personalized medicine, and others. The end-users of NGS in clinical oncology are hospitals, diagnostic labs, research institutions, and others.

Competitive Landscape

Key players operating in the U.S. Clinical Oncology Next Generation Sequencing Market include Illumina Inc., Thermo Fisher Scientific, Qiagen, PerkinElmer, and Agilent Technologies. These companies are focusing on strategic collaborations, product launches, and acquisitions to maintain their market position and expand their product portfolio.

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Clinical Oncology Next Generation Sequencing Marke...

RD Code : 24