Next Generation Cancer Diagnostics Market to Grow with a CAGR of 8.33% through 2030

Rising incidence of cancer is expected to drive the Global Next Generation Cancer Diagnostics Market growth in the forecast period, 2026-2030.

According to TechSci Research report, “Next Generation Cancer Diagnostics Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, Global Next Generation Cancer Diagnostics Market has valued at USD 14.79 billion in 2024 and is anticipated to project robust growth in the forecast period with a CAGR of 8.33% through 2030. 

The advent of liquid biopsy has emerged as a transformative force, significantly boosting the Global Next Generation Cancer Diagnostics (NGCD) market. This non-invasive diagnostic tool has revolutionized cancer detection by offering a minimally invasive alternative to traditional tissue biopsies. Liquid biopsy involves the analysis of circulating tumor DNA (ctDNA), RNA, proteins, and other biomarkers present in bodily fluids like blood. The appeal of liquid biopsy lies in its ability to provide real-time information about tumor dynamics and genetic alterations, all without the need for invasive procedures.

Liquid biopsy addresses several challenges associated with traditional biopsies, such as the difficulty in obtaining tissue samples, especially for tumors located in inaccessible or sensitive areas. This has widened its application in scenarios where tissue biopsies may be impractical or too risky. The liquid biopsy enables serial monitoring of cancer progression and treatment response, offering a dynamic and comprehensive view of the disease's evolution.

The market growth of NGCD is intricately tied to the widespread adoption of liquid biopsy. As a crucial component of NGCD, liquid biopsy contributes to the personalized and targeted approach in cancer diagnostics. The ability to detect genetic mutations and biomarkers associated with cancer in a non-invasive manner facilitates early detection, guiding treatment decisions and improving patient outcomes. The convenience and accessibility of liquid biopsy align with the broader trend in healthcare towards patient-centric, minimally invasive diagnostic approaches.

The integration of liquid biopsy into NGCD not only enhances the diagnostic capabilities of the technology but also positions it as a versatile tool in the era of precision medicine. As research and technological advancements continue to refine and expand the applications of liquid biopsy, its role in the NGCD market is expected to grow, shaping a future where non-invasive, real-time monitoring of cancer becomes an integral part of routine clinical practice.

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Based on the Application, Genetic Analysis emerged as the dominant segment in the global market for Global Next Generation Cancer Diagnostics Market in 2024. Genetic Analysis is instrumental in assessing hereditary cancer risk by identifying germline mutations that may predispose individuals to certain types of cancer. This information is vital for implementing preventive measures, such as increased surveillance or prophylactic interventions, in individuals with a higher risk of hereditary cancers. Genetic Analysis plays a pivotal role in identifying and characterizing genetic mutations associated with various types of cancer. This information is crucial for understanding the molecular basis of the disease, predicting disease risk, and guiding personalized treatment strategies. The focus on personalized medicine in cancer care has propelled the demand for Genetic Analysis. By assessing an individual's genetic makeup, healthcare professionals can tailor treatment plans to target specific genetic abnormalities, increasing the efficacy of therapeutic interventions. The advent of NGS technologies has revolutionized Genetic Analysis, enabling the rapid and cost-effective sequencing of entire genomes or specific genomic regions. NGS facilitates the analysis of multiple genes simultaneously, providing a comprehensive view of the genetic landscape in cancer patients.

Major companies operating in Global Next Generation Cancer Diagnostics Market are:

• GE HealthCare
• Janssen Pharmaceuticals, Inc.
• Illumina, Inc.
• Novartis AG
• F. Hoffmann-La Roche Ltd
• Koninklijke Philips N.V.
• QIAGEN
• Agilent Technologies, Inc. (Dako)
• Abbott Laboratories Inc.
• Thermo Fisher Scientific Inc

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 “The global Next Generation Cancer Diagnostics market is anticipated to experience significant growth in the coming years. Next-generation sequencing, liquid biopsy, and advanced imaging technologies are anticipated to play pivotal roles in reshaping cancer diagnostics, offering unprecedented insights into the genomic and molecular aspects of tumors. As healthcare systems worldwide recognize the potential of NGCD in enabling early detection, precise characterization, and personalized treatment strategies, the demand for these innovative diagnostic tools is expected to surge. The ongoing research and development initiatives, coupled with collaborative efforts across industry and academia, further propel the optimism surrounding the NGCD market, indicating a transformative era in the global fight against cancer.” said Mr. Karan Chechi, Research Director, TechSci Research, a research-based management consulting firm.

“Next Generation Cancer Diagnostics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Technology (Next-generation Sequencing, qPCR & Multiplexing, Lab-on- a- chip (LOAC) & Reverse Transcriptase-PCR (RT-PCR), Protein Microarrays, DNA Microarrays), By Application (Biomarker Development, CTC Analysis, Proteomic Analysis, Epigenetic Analysis, Genetic Analysis), By Cancer Type (Lung Cancer, Breast Cancer, Colorectal Cancer, Cervical Cancer, Others), By Region and Competition 2020-2030F”, has evaluated the future growth potential of Global Next Generation Cancer Diagnostics Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Next Generation Cancer Diagnostics Market.

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