The Solid Tumor Testing Global Market Report 2023, provides comprehensive information on the solid tumor testing market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Solid Tumor Testing Global Market Report 2023, the global solid tumor testing market is expected to grow from $23.81 billion in 2022 to $25.74 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The solid tumor testing market is expected to reach $33.91 billion in 2027 at a CAGR of 7.1%.
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Innovative liquid biopsy test solutions are a key trend gaining popularity in the solid tumor testing market. Major companies operating in the solid tumor testing market are focused on developing innovative liquid biopsy test solutions to strengthen their position and gain a competitive advantage in the market. For instance, in June 2020, NeoGenomics Inc., a US-based testing laboratory company, launched its comprehensive suite of three solid tumor liquid biopsy tests for cancer patients. These innovative tests are designed to detect cancer cells in the blood of patients with solid tumors, even if the cancer is not yet visible on imaging tests. The tests can be used to help doctors make decisions about further testing or treatment. Additionally, it is non-invasive, has early detection, can be used to personalize treatment, and is FDA-approved. Moreover, these three new tests also have seven days or fewer turnaround times, which can save clinicians considerable time.
The solid tumor testing market is segmented:
1) By Type: Genetic Testing, Conventional Testing
2) By Cancer Type: Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Cervical Cancer
3) By Application: Clinical, Research
4) By End-Users: Hospitals, Pharmaceutical And Biotechnology Companies, Contract Research Organizations, Academic Research Institutions
North Americawas the largest region in the solid tumor testing market in 2022.
The table of contents in TBRC’s solid tumor testing market report includes:
1. Executive Summary
3. Solid Tumor Testing Market Trends And Strategies
4. Solid Tumor Testing Market – Macro Economic Scenario
4.1. Impact Of High Inflation On Online Therapy Services Market
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31. Solid Tumor Testing Market Other Major And Innovative Companies
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
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