The Business Research Company’s Solid Tumor Testing Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Solid Tumor Testing Global Market Report 2023 evaluates solid tumor testing market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global solid tumor testing market is poised for robust growth, projected to surge from $23.81 billion in 2022 to $25.74 billion in 2023, showcasing an impressive compound annual growth rate (CAGR) of 8.1%. However, the Russia-Ukraine conflict has cast a shadow over the world’s economic rebound following the COVID-19 pandemic. This ongoing war has triggered widespread economic sanctions, surges in commodity prices, and supply chain disruptions, consequently spurring inflationary pressures across various goods and services. Furthermore, it has led to increased interest rates that are rippling through global markets.
In spite of these challenges, the solid tumor testing market is expected to continue its upward trajectory, with a projected value of $33.91 billion by 2027, sustaining a CAGR of 7.1%. This resilience in the face of adversity underscores the market’s potential and enduring appeal to market intelligence, market research professionals, and market forecasting experts.
The escalating prevalence of cancer is set to drive substantial growth within the solid tumor testing market. Cancer, characterized by the uncontrolled growth and spread of abnormal cells within the body, poses a significant health challenge. These malignant cells, referred to as cancer cells, have the capacity to infiltrate neighboring tissues and organs, and in some instances, metastasize to distant body regions through the bloodstream or lymphatic system. Notably, solid tumors account for approximately 90% of all adult cancers.
Solid tumor testing plays a pivotal role in identifying cancer cells in the bloodstream of patients afflicted by solid tumors, even before visible signs manifest on imaging tests. This is exemplified by a June 2023 report from the Centers for Disease Control and Prevention, a prominent US-based national public health agency. According to their findings, in 2020, there were 1,603,844 new cases of cancer and 602,347 cancer-related fatalities in the United States. A deeper examination reveals that 403 new cancer cases and 144 cancer-related deaths were documented for every 100,000 individuals.
Hence, the relentless upsurge in cancer prevalence emerges as a driving force behind the solid tumor testing market’s expansion. Market intelligence, market research professionals, and market forecasting experts must remain vigilant in monitoring this significant trend to navigate the evolving healthcare landscape effectively.
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The solid tumor testing market segments in the report are:
1) Solid Tumor Testing Market By Type: Genetic Testing, Conventional Testing
2) Solid Tumor Testing Market By Cancer Type: Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Cervical Cancer
3) Solid Tumor Testing Market By Application: Clinical, Research
4) Solid Tumor Testing Market By End-Users: Hospitals, Pharmaceutical And Biotechnology Companies, Contract Research Organizations, Academic Research Institutions
Top Major Players
The table of contents in TBRC’s solid tumor testing market report includes:
1. Executive Summary
2. Solid Tumor Testing Market Characteristics
3. Solid Tumor Testing Market Trends And Strategies
4. Solid Tumor Testing Market – Macro Economic Scenario
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32. Global Solid Tumor Testing Market Competitive Benchmarking
33. Global Solid Tumor Testing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Solid Tumor Testing Market
35. Solid Tumor Testing Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Solid Tumor Testing Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Solid Tumor Testing Market, Segmentation By Cancer Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Solid
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Table 75: Johnson & Johnson Ltd Financial Performance
Table 76: Roche Diagnostics Corporation Financial Performance
Table 77: Thermo Fisher Scientific Inc. Financial Performance
Table 78: Abbott Molecular Inc. Financial Performance
Table 79: Becton Dickinson And Company (BD) Financial Performance
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