Hereditary Cancer Testing Market to Exhibit a Noteworthy Growth of USD 13,085.04 Million by 2029
Global Hereditary Cancer Testing Market research report presents a comprehensive study on production capacity, consumption, import and export for all the major regions across the world. Salient attributes used while designing this market report include highest level of spirit, practical solutions, committed research and analysis, modernism, integrated approaches, and most up-to-date technology. As today’s businesses insist the market research analysis before taking any verdict about the products, opting such market research report is essential for the businesses. Global Hereditary Cancer Testing Market report identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the market.
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Cancer is a genetic disease caused by certain mutations in the genes that control the function of cells, particularly affecting their growth and reproduction. Inherited genetic mutations are responsible for approximately 5-10% of all cancers. Researchers have linked mutations in specific genes to more than 50 hereditary cancer syndromes that affect people through the development of certain cancers. In addition, about 5-10% of breast cancer cases are associated with genetic mutations inherited from parents. Thus, the increasing prevalence of cancer is driving the steady growth of hereditary cancers and thus, driving the growth of the hereditary cancer testing market. In addition, increased demand for non-invasive testing methods and growing demand for better quality healthcare and early diagnosis are the major opportunities for the market growth. Moreover, Ethical challenges faced during hereditary cancer testing and rising competition among market players are the key challenges for the market growth.
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Data Bridge Market Research analyzes that the global hereditary cancer testing market is expected to reach the value of USD 13,085.04 million by 2029, at a CAGR of 12.9% during the forecast period. This market report also covers pricing analysis, patent analysis, and technological advancements in depth.
Hereditary cancer is any cancer caused by an inherited genetic mutation. Harmful variants in certain genes are associated with an increased risk of cancer. Genetic testing can estimate a person’s lifetime risk of developing cancer. This can be done by looking for mutations in their genes, chromosomes, or proteins. Genetic testing is available for several types of cancer. These include breast, ovarian, colon, thyroid, prostate, pancreatic, skin cancer, sarcoma, and kidney and stomach cancer. Numerous medical studies show that 5% to 10% of common cancers are considered hereditary. Genetic tests are performed to determine whether a person carries a harmful genetic variant. These tests also help determine if a family member who has not yet had cancer has inherited the same variant as a family member known to have a cancer susceptibility alternative.
Drivers
- Rising Incidence of Hereditary Cancer
Cancer arises from the uncontrolled growth of cells. Cancer is caused by harmful changes (mutations) in genetic messages (genes) that control the growth and division of cells, preventing them from doing their job effectively.
In hereditary cancer cases, the individual inherits a copy of the mutated growth regulatory gene from one parent and a working copy of the same gene from the other parent. The mutated gene is also called a “cancer susceptibility gene.” As this cancer-susceptibility gene is inherited, it is found in every cell in the body, but a working copy of the gene keeps each cell functioning properly. However, if a mutation damages a functional copy of a gene in a cell, the cell can lose control of its growth and become cancerous. Thus, individuals who inherit a cancer gene are much more likely to develop certain cancers during their lifetime.
Thus, rising incidences of hereditary cancer increase the demand for hereditary cancer testing and may act as a driver for the growth of the global hereditary cancer testing market.
- Increase In The Geriatric Population
Cancer can be a disease of aging patients. Across the globe, the geriatric population is increasing. The risk of hereditary cancer among geriatrics is much more. The rising geriatric population can result in better provision of the global hereditary cancer testing market. It anticipated an upsurge in demand in the global hereditary cancer testing market. An aging population is causing a redistribution of the demographic structure that will affect the future of health care. Undoubtedly, the risk of cancer increases exponentially with age.
Recent Developments
- In July 2022, Helio Genomics and its business partner, Fulgent Genetics (FLGT) has announced that the American Medical Association (AMA) issued a new Category I Current Procedural Terminology (CPT) Proprietary Laboratory Analyses code for HelioLiver and broader adoption of advanced innovative surveillance tests for liver cancer in the U.S. This has helped the company to expand their product portfolio.
- In March 2022, Illumina, Inc. introduced the n vitro diagnostic (IVD) kit, a cancer RNA sequencer. The launch resulted in expansion of the sequencing product line, followed by post market approval.It is depicted to show a linear market growth.
Key Market Competitors Covered in the Report
- Myriad Geenetics
- Myogenes Ltd
- Biocartis Group
- Quest Diagnostic
- Pathway Genomics
- Invitae
- Strand Life Sciences
- Centogene
- Neo Genomics Laboratories
- Ambry Genetics
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Hereditary Cancer Testing Market Scope
BY TEST TYPE
- MULTI PANEL TEST
- SINGLE SITE GENETIC TEST
On the basis of test type, the global hereditary cancer testing market is segmented into multi panel test and single site genetic test.
BY DIAGNOSIS TYPE
- BIOPSY
- IMAGING
- LAB TESTS
On the basis of diagnosis type, the global hereditary cancer testing market is segmented into biopsy, imaging, and lab tests.
BY TECHNOLOGY
- SEQUENCING
- POLYMERASE CHAIN REACTION (PCR)
- MICROARRAY
On the basis of technology, the global hereditary cancer testing market is segmented into sequencing, polymerase chain reaction (PCR), and microarray.
BY DISEASE TYPE
- HEREDITARY BREAST & OVARIAN CANCER SYNDROME
- COWDEN SYNDROME
- LYNCH SYNDROME
- HEREDITARY LEUKEMIA AND HEMATOLOGIC MALIGNANCIES SYNDROMES
- FAMILIAL ADENOMATOUS POLYPOSIS (FAP)
- LI-FRAUMENI SYNDROME
- VON HIPPEL-LINDAU DISEASE
- MULTIPLE ENDOCRINE NEOPLASIAS (MEN) SYNDROMES
On the basis of disease type, the global hereditary cancer testing market is segmented into hereditary breast & ovarian cancer syndrome, cowden syndrome, lynch syndrome, hereditary leukemia and hematologic malignancies syndromes, familial adenomatous polyposis (FAP), li-fraumeni syndrome, vol-hippel lindau disease, multiple endocrine neoplasias (MEN) syndrome.
BY END USER
- HOSPITALS
- CLINICS
- LABORATORIES
- RADIOLOGY CENTERS
- DIAGNOSTIC CENTERS
- OTHERS
On the basis of end user, the global hereditary cancer testing market is segmented into hospitals, clinics, laboratories, radiology centers, diagnostic centers, and others.
BY DISTRIBUTION CHANNEL
- DIRECT TENDER
- RETAIL SALES
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
TOC:
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF THE GLOBAL HEREDITARY CANCER TESTING MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATIONS
1.6 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 MARKETS COVERED
2.2 GEOGRAPHICAL SCOPE
2.3 YEARS CONSIDERED FOR THE STUDY
2.4 DBMR TRIPOD DATA VALIDATION MODEL
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.6 MULTIVARIATE MODELLING
2.7 MARKET END USER COVERAGE GRID
2.8 SOURCE LIFELINE CURVE
2.9 DBMR MARKET POSITION GRID
2.1 VENDOR SHARE ANALYSIS
2.11 SECONDARY SOURCES
2.12 ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHT
4.1 PESTEL ANALYSIS
4.2 PORTER’S FIVE FORCES
5 GLOBAL HEREDITARY CANCER TESTING MARKET: REGULATIONS
6 MARKET OVERVIEW
7 GLOBAL HEREDITARY CANCER TESTING MARKET, BY TEST TYPE
8 GLOBAL HEREDITARY CANCER TESTING MARKET, BY DIAGNOSIS TYPE
9 GLOBAL HEREDITARY CANCER TESTING MARKET, BY TECHNOLOGY
10 GLOBAL HEREDITARY CANCER TESTING MARKET, BY DISEASE TYPE
11 GLOBAL HEREDITARY CANCER TESTING MARKET, BY END USER
12 GLOBAL HEREDITARY CANCER TESTING MARKET, BY DISTRIBUTION CHANNEL
13 GLOBAL HEREDITARY CANCER TESTING MARKET, BY REGION
Continued…
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Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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