Next Generation Cancer Diagnostics Market Insights Dynamics and Demand Till 2025
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Function <strong>Insights</strong><br />
Risk analysis, prognostic based diagnosis, tumor screening, therapeutic monitoring, &<br />
theranostics are the different functions of next generation oncology diagnostic tests.<br />
The prognostic diagnostics segment is anticipated to witness the fastest growth in the coming<br />
years as a consequence of higher adoption of prognosis which plays important role in designing<br />
oncology therapies <strong>and</strong> protocols for chemotherapy, radiation-based treatment, <strong>and</strong> gene<br />
therapy.<br />
Regional <strong>Insights</strong><br />
The next generation cancer diagnostics market is dominated by North America with<br />
approximately 40% market share. Favorable government initiatives such as launch of “80% by<br />
2018” program for detection of colon cancer is anticipated to propel progress in the coming<br />
years.<br />
In this program, almost 170 groups including medical professional societies, health<br />
departments, government health departments, <strong>and</strong> cancer coalitions are functioning to<br />
accomplish the mutual goal of attaining 80% screening for oncology diseases by 2018 <strong>and</strong> are<br />
working forward to eliminate the oncology disorders.<br />
Asia Pacific is anticipated to be the fastest developing region. Factors such as economic<br />
augmentation, higher investments, <strong>and</strong> greater untapped market are accountable for the<br />
fastest growth of resign in diagnosis sector.<br />
Competitive <strong>Insights</strong><br />
Major entities functioning in the market include Novartis AG, Myriad Genetics Inc., Illumina Inc.,<br />
Almac Group, Sysmex Corporation, F. Hoffmann-La Roche Ltd, Agilent Technologies, Genomic<br />
Health, Almac Group, Koninklijke Philips N.V, <strong>and</strong> Cepheid.