Technological Advancements to Boost Respiratory Disease Testing Market by 2024

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Cancer Profiling Market size is projected to
experience significant growth from 2017 to 2024.
Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Regional Analysis of Cancer Profiling Market

• Rising prevalence of cancer worldwide and huge
  funding available for oncology research are the
  major factors driving global cancer profiling
  market growth. In addition, the increase in the
  utility of biomarkers and high demand for the
  point-of-care diagnostic testing will fuel the
  demand for the oncology profiling over the coming
  years.
• The obtainability of custom-made medical
  treatment that will suit specific physiognomies,
  preferences, and requirements of patients coupled
  with intensifying compliance for the tumor
  profiling in developing economies should propel
  the industry.
• According to the International Agency for
  Research on Cancer (IARC), the global burden for
  cancer by 2030, is projected to reach 21.7
  million new cases. As per American Cancer
  Society, by end of 2017 there will be 1,688,780
  new cases of cancer identified in the U.S. High
  capital investment and rising demand for the
  personalized medicine are other major factors
  boosting the industry size.
• The forthcoming disease burden will possibly
  remain higher since adoption of western
  lifestyle, including inactiveness, poor diet,
  smoking, etc. High associated cost with profiling
  and dearth of trained specialists can limit the
  business growth during the forecast years.

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• Personalized medicine reduces possibility of
  adverse side effects and additional healthcare
  expenses. Moreover, capability to take health
  decisions regarding disease prediction and
  prevention as well as prior disease intervention
  is being possible because of personalized
  medicines.
• Genomics will witness lucrative growth due to its
  wide-ranging clinical, diagnostics and research
  applications.
• Increasing government funding and grants along
  with investments are the determinants to fuel the
  cancer profiling market growth during the
  forecast timeframe. Moreover, the increased
  adoption of the genomics in RD and research
  studies offers immense growth opportunities.
• Next-generation sequencing (NGS) accounted for
  largest share in cancer profiling technology in
  2016. Associated advantages include recognition
  of transmutation, advanced genome with reduction
  in cost, high speed and sensitivity.

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Competitive Market Share of Cancer Profiling
Market

• Several initiatives undertaken to prevent the
  breast and colorectal cancers should fuel U.S.
  cancer profiling market growth. For instance, the
  Molecular Profiling Breast Cancer (MPBC) is
  altering medical training and improving
  management of breast oncology in the U.S.
  Moreover, the colorectal cancer is the second
  major cause of death in U.S. and there is
  necessity to profile and detect tumors at initial
  stages in order to provide appropriate treatment.
• China will foresee lucrative growth over the
  coming years due to rising demand for the better
  healthcare service coupled with increasing
  occurrence of tumor. Furthermore, growing number
  of the contract research organizations (CROs) and
  major international players focusing on
  developing economies to expand their business
  will drive regional share.

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