The next-generation gynecological cancer diagnostics market is projected to reach $5.66 billion in terms of revenue by 2031 at a CAGR of 10.07%, reveals the premium market intelligence study by BIS Research.
The next-generation gynecological cancer diagnostics market is expected to witness high growth, attributed to the increasing burden of gynecological cancer, rising uptake of cancer research projects across the globe, growing awareness about personalized medicine, and decreasing cost of sequencing.
Albeit well-established methods, such as polymerase chain reaction (PCR), microarray, and traditional sequencing, continue to be employed for mutation analysis due to their conventional reliability, recent advancements in cancer genome sequencing technologies have revolutionized the approach for applications in gynecological cancer diagnosis.
Companies developing assays or panels based on next-generation sequencing (NGS) are now offering high throughput with a faster turnaround time of around three weeks, thereby facilitating its demand in the field of gynecological cancer mutation analysis.
The detailed study is a compilation of 09 Market Data Tables and 183 Figures spread through 231 Pages and in-depth TOC on ” Next-Generation Gynecological Cancer Diagnostics Market– Analysis and Forecast, 2020-2031″
USP of the Report
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Analyst’s Take on the Market:
According to Sara Virmani, Research Analyst at BIS Research, “North America is the leading contributor to the global next-generation gynecological cancer diagnostics market. The contribution of North America to the global next-generation gynecological cancer diagnostics market was valued at approximately 42.50% in 2020. The North American next-generation gynecological cancer diagnostics market is anticipated to be primarily driven by various technological innovations to advance and enhance the overall scope of genetic testing. Various research and development exercises, investments by biopharmaceuticals and biotechnology companies in the fields of genetic testing, molecular research, and clinical research are promoting the development of next-generation diagnostic products and services. In addition, NCCN Clinical Practice Guidelines in Oncology, the Center for Medicare & Medicaid Services (CMS), and the Food and Drug Administration (FDA) have been regulating guidelines facilitating larger adoption of genetic testing in ovarian, cervical, and uterine cancer. However, Asia-Pacific is expected to grow at an impressive CAGR of 12.39% during the forecast period 2021-2031.”
View the report from BIS Research on Next-Generation Gynecological Cancer Diagnostics Market
Key Companies Operating in the Market and Competition Landscape
The global next-generation gynecological cancer diagnostics market is currently budding due to the presence of various juggernauts such as Laboratory Corporation of America Holdings, F. Hoffmann-La Roche Ltd, Illumina, Inc., Agilent Technologies, Inc., BGI, and PerkinElmer Inc., as well as other medium and small-medium enterprises, that are offering a wide range of next-generation gynecological cancer diagnostics products and services in the market. Several companies are attempting to enter the market and sustain themselves in the competition by adopting different strategies varying from partnerships and collaborations to business expansions and product launches.
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