Global Cancer/Tumor Profiling Market - Industry Analysis Trends and Forecast, 2013 - 2019

Cancer is a fatal disease characterized by uncontrolled cell division. It is primarily caused by environmental factors that mutate the gene encoding for cell regulation. The resultant cell aberration leads to abnormal cell growth that destroys the surrounding normal tissue and thus spreads the disease to vital organs. Cancer diagnosis is performed in a number of ways that include screening tests and medical imaging.

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According to WHO, cancer is one of the leading cause of death and is estimated to account for 11.5 million deaths in 2030 worldwide. Cancer diagnosis is performed in a number of ways that include screening tests and medical imaging. Nowadays, profiling of tumor is done to gain knowledge about patient’s cancer profile and genomic alterations that help physicians to guide a patient with most appropriate therapy. Additionally, profiling also helps physicians to remove therapies which are unlikely to be successful and thus reduces the errors and trial process.

The global cancer profiling market is expected to witness massive growth in near future due to huge funds and investments and technological advancements. Additionally, paradigm shift towards point of care diagnostics, growing demand for personalized medicines and cost effective treatment modalities are some of the major reasons expected to increase the market share of cancer profiling in near future. Moreover, personalized medicines have been a promising approach in early diagnosis, disease prognosis and research applications. Increasing demand for targeted therapy and rising cases of cancer are also expected to fuel the market growth.

Global cancer/tumor profiling market can be categorized on the basis of technology, application and segment. The technology segment can be further categorized into next-generation sequencing, immunohistochemistry, quantitative PCR, microarray and...