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Cancer Genome Sequencing Market: Snapshot

In past few years, the genomic period of cancer studies has been growing significantly. This growth is credited to advent of new-aged sequencing technology, representing exquisite sensitivity and resolution. Frequent changes in their net chromosomal structure through deletion, amplification, or alteration in the structure, creates a distinct feature of cancer genome. These gene mutation or alterations ultimately results into cancer onset and progression.

The global cancer genome sequencing market is segmented on the basis of technology, and region. On the basis of technology, the market is classified into second generation technology and third generation technology. The second generation technology is divided into SOLiD sequencing (by ABI), Pyro-sequencing (by Roche), and Bridge amplification sequencing technology (by Illumina). The third generation technology segment is sub-segmented into Ion semiconductor sequencing, Single Molecule Real Time (SMRT) sequencing (by Pacific Biosciences), Nanopore sequencing (by Oxford), and fluorescent resonant energy transfer (FRET) sequencing (by VisiGen biotechnologies).

Cancer Genome Sequencing Market: Trends and Opportunities

Regulations related to customized cancer sequencing are primarily taken care by the accreditation of the labs performing the sequencing analysis and services, and also the usage of FDA approved tests for performing these tests. Factors supporting cancer genome sequencing encompass comprehensive view of whole genome, ability to majority of mutations, and eliminating the need for having any knowledge beforehand about the patient history and current illness status. Such potential growth factors are estimated to fuel the demand for gene sequencing-based personalized tumor treatment in the future years. Immense procedural expenses and time consuming interpretation of large datasets are among the major obstructions for the market. An alternative to the whole genome sequencing is the focused gene sequencing methodology that is comparative less expensive, with convenient results interpretation and high sensitivity regarding rare clones.

Cancer Genome Sequencing Market: Regional Outlook

Geographically, the market is segmented into Europe, North America, Asia Pacific and Rest of the World. North America market comprise of Canada and the U.S. which represent the major revenue contribution, due to rising inclination towards gene therapy-based cancer treatment. The region is trailed by Europe that has also initiated various genome-based studies in cancer. An analysis conducted by Genomics England Ltd. in year 2014, stated that the U.K. is likely to become the world leader in genetic research into cancer and rare diseases after a grant of USD 473.3 million by Prime Minister of U.K. Asia Pacific and Rest of the World are still in initial stage due to the requirement for high basic investment on lab set-up and conducting these research activity. However the Asia Pacific market is foreseen to grow in the coming years due to availability of strength in information technology and its growing economy, along with skilled and scientific-based manpower.

Cancer Genome Sequencing Market: Competitive Landscape

Beckman Coulter Genomics, Illumina, Inc., SeqWright, Pacific Biosciences, BGI Americas Corporation, Foundation Medicine, and Ambry Genetics are some of the key players lading the global cancer genome sequencing market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Cancer Genome Sequencing Market

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