Lucintel Forecasts the Global Precision Oncology Market to Reach$182.8 billion by 2030
Lucintel Forecasts the Global Precision Oncology Market to Reach$182.8 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global precision oncology market looks promising with opportunities in the hospitals & diagnostic laboratory, pharmaceutical &biotechnology company, and healthcare data company markets. The global precision oncology market is expected to reach an estimated $182.8 billion by 2030 from $109.0 billion in 2024,at a CAGR of 9.0% from 2024 to 2030. The major drivers for this market are technological advancements, increasing demand for diagnostic products to have effective results with minimal side effects in cancer patients, and addressing specific drug resistance issues.
A more than 150-page report to understand trends, opportunity and forecast in precision oncology market to 2030 by product type (diagnostics and therapeutics), cancer type (breast cancer, cervical cancer, prostate cancer, lung cancer, and others), end use (hospitals & diagnostic laboratories, pharmaceutical & biotechnology companies, and healthcare data companies), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that diagnostics is expected to witness highest growth over the forecast period due to rising demand of early intervention and treatment for cancer, improved diagnostic imaging and testing techniques, and demand of personalised medicines based on daignosis results.
Within this market, hospitals & diagnostic laboratories will remain the largest segment due to global expansion of diagnostics facilities is predicted to accelerate segment growth.
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APAC is expected to witness highest growth over the forecast period due to surge in aging population, rising investment in the healthcare infrastructure, and growing demand of personalized medicine in the region.
Thermo Fisher Scientific, Invitae, Qiagen, Illumina, Laboratory Corporation, Exact Sciences, Rain Oncology, Strata Oncology, Xilis, Variantyxare the major suppliers in the precision oncology market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.comTo get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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