The Global Somatic Genetic Testing Market is predicted to grow at a CAGR of 9% over the forecast period of 2022-2028.
Somatic genetic testing is the process of evaluating the presence of acquired mutations in patients suffering from solid tumors and hematological malignancies. Somatic cytology detects a variety of somatic alterations, including copy number changes, single nucleotide variations (SNVs), insertions and deletions (InDels), and gene rearrangements and fusions. Somatic genetic testing is very useful in improving the prognosis, diagnosis and quality of life of patients suffering from cancer. It also helps doctors determine treatment options for individual patients, lowering cancer recurrence rates and further enabling precision medicine. field of oncology. Advances in sequencing technology over the past few years have made somatic genetic testing the standard of practice in cancer diagnosis for the identification of resistant and therapeutically sensitizing mutations.
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Market Segments
By Type
- Product (Kits and Assays, Instruments, and Software)
- Services
By Application
- Academic and Research Institutions
- Hospitals and Diagnostic Laboratories
- Pharmaceutical and Biotechnology Companies
- Contract Research Organizations
Key Players
- Agilent Technologies, Inc.
- ARUP Laboratories
- ASURAGEN INC
- Beijing Genomics Institute (BGI) Genomics Co., Ltd
- bioMerieux S.A.
- CENTOGENE N.V
- CIRCULOGENE Theranostics, LLC
- Hoffmann-La Roche Ltd.
- Guardant Health, Inc.
- Illumina, Inc.
- Invivoscribe, Inc.
- Laboratory Corporation of America Holdings
Scope of the Report
The research study analyzes the global Somatic Genetic Testing industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Somatic Genetic Testing Market Report
1. What was the Somatic Genetic Testing Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Somatic Genetic Testing Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Somatic Genetic Testing Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Somatic Genetic Testing market.
- The market share of the global Somatic Genetic Testing market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Somatic Genetic Testing market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Somatic Genetic Testing market.
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