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Solid Tumor Testing Market By Type, By Application, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 225 Pages
  • October 2022
  • Region: Global
  • Allied Market Research
  • ID: 5725270
The global solid tumor testing market was valued at $23,751.4 million in 2021 and is projected to reach $46,722.2 million by 2031, registering a CAGR of 7.0% from 2022 to 2031. Solid tumor testing is a procedure used to evaluate the primary tumors and determine the extent/location of any metastases. The tumor testing in turn allows effective treatment options to be considered so that the spread of cancerous cells can be avoided. A tumor is an abnormal clump of cells. When someone has a solid tumor, that means the tumor doesn't contain any liquid or cysts. Solid tumor testing is a valuable technique that is used for the identification and visualization of solid tumors in clinical diagnostics.

In addition, Solid tumors can be tested through genetic testing and conventional testing. In genetic testing, there are various techniques such as next-generation sequencing (NGS), real-time PCR (RT-PCR), fluorescent In-Situ hybridization (FISH), and fragment analysis that are used for the diagnosis of tumors at early stages. In conventional testing, urine and blood tests, computerized tomography (CT) scan, bone scan, magnetic resonance imaging (MRI), positron emission tomography (PET) scan, ultrasound and X-ray, and biopsy are used for the diagnosis of solid tumors.

The key factors that drive the growth of the market are an increase in the prevalence of the geriatric population that is prone to solid tumors, a rise in the prevalence of solid tumors in the world, and a rise in healthcare expenditure boosts the market growth.

For instance, according to American Cancer Society January 2021, estimated new cancer cases of Female breast (281,550), Uterine cervix (14,480), Colon & rectum (149,500), Uterine corpus (66,570), Lung & bronchus (235,760), Melanoma of the skin (106,110), non-Hodgkin lymphoma (81,560), Prostate (248,530), Urinary bladder (83,730) were diagnosed in 2021 in the U. S. Each year, approximately 4,00,000 children develop cancer. Overall cancer incidence rates, or rates of new cancers, continue to rise slightly in women and children
However, the dearth of skilled professionals restricts the market growth in the forecast period. Moreover, the rise in technological advancements in solid tumor testing, the increase in several type approvals, and the availability of reimbursements for solid tumor testing tests offer lucrative opportunities to the market players operating in the solid tumor testing market.

The global Solid tumor testing market is segmented into type, application, end-user, and region. By type, the market is categorized into genetic testing and conventional testing. The genetic testing segment is further classified into next-generation sequencing (NGS), real-time PCR (RT-PCR), fluorescent In-Situ hybridization (FISH), and fragment analysis. By application, the market is segmented into prostate, breast, colorectal, endometrial, lung, melanoma, brain, thyroid, liver, ovarian, and others (vaginal & vulvar, bladder, cervical, head & neck, and mesothelioma). By end user, the market is categorized into hospitals, pharmaceutical, and biotechnology companies, contract research organizations, and academic research institutions. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Some of the major companies that operate in the global Solid tumor testing market are Abbott Laboratories, Agilent Technologies, Biocare Medical, LLC., F. Hoffmann-La Roche Ltd, Illumina, Inc., MedGenome, Myriad Genetics, QIAGEN N. V., Quest Diagnostics, and Thermo Fischer Scientific, Inc

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the solid tumor testing market analysis from 2021 to 2031 to identify the prevailing solid tumor testing market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the solid tumor testing market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes an analysis of the regional as well as global solid tumor testing market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

  • Genetic Testing
  • Genetic Test Type
  • Next generation sequencing (NGS)
  • Real-time PCR (RT-PCR)
  • Fluorescent In-Situ Hybridization (FISH)
  • Fragment Analysis
  • Conventional Testing

By Application

  • Prostate
  • Breast
  • Colorectal
  • Endometrial
  • Lung
  • Melanoma
  • Brain
  • Thyroid
  • Liver
  • Ovarian
  • Others

By End User

  • Hospitals
  • Pharmaceutical and biotechnology companies
  • Contract research organizations
  • Academic research institutions

By Region

  • North America
  • U. S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest Of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest Of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest Of LAMEA

Key Market Players

  • QIAGEN
  • QUEST DIAGNOSTICS INCORPORATED
  • Abbott Laboratories
  • Agilent Technologies Inc.
  • Biocare Medical LLC
  • F. Hoffmann-La Roche AG
  • ILLUMINA, INC.
  • MedGenome Labs Private Ltd
  • MYRIAD GENETICS, INC.
  • Thermo Fisher Scientific, Inc.

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: SOLID TUMOR TESTING MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Genetic Testing
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.2.4 Genetic Testing Solid Tumor Testing Market by Genetic Test Type
4.2.4.1 Next generation sequencing (NGS) Market size and forecast, by region
4.2.4.2 Real-time PCR (RT-PCR) Market size and forecast, by region
4.2.4.3 Fluorescent In-Situ Hybridization (FISH) Market size and forecast, by region
4.2.4.4 Fragment Analysis Market size and forecast, by region
4.3 Conventional Testing
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country

CHAPTER 5: SOLID TUMOR TESTING MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Prostate
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Breast
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Colorectal
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Endometrial
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Lung
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
5.7 Melanoma
5.7.1 Key market trends, growth factors and opportunities
5.7.2 Market size and forecast, by region
5.7.3 Market analysis by country
5.8 Brain
5.8.1 Key market trends, growth factors and opportunities
5.8.2 Market size and forecast, by region
5.8.3 Market analysis by country
5.9 Thyroid
5.9.1 Key market trends, growth factors and opportunities
5.9.2 Market size and forecast, by region
5.9.3 Market analysis by country
6.0 Liver
6.0.1 Key market trends, growth factors and opportunities
6.0.2 Market size and forecast, by region
6.0.3 Market analysis by country
6.1 Ovarian
6.1.1 Key market trends, growth factors and opportunities
6.1.2 Market size and forecast, by region
6.1.3 Market analysis by country
6.2 Others
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country

CHAPTER 6: SOLID TUMOR TESTING MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Hospitals
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Pharmaceutical and biotechnology companies
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Contract research organizations
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Academic research institutions
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country

CHAPTER 7: SOLID TUMOR TESTING MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Type
7.2.2.1 North America Genetic Testing Solid Tumor Testing Market by Genetic Test Type
7.2.3 North America Market size and forecast, by Application
7.2.4 North America Market size and forecast, by End User
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Type
7.2.5.1.2 Market size and forecast, by Application
7.2.5.1.3 Market size and forecast, by End User
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Type
7.2.5.2.2 Market size and forecast, by Application
7.2.5.2.3 Market size and forecast, by End User
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Type
7.2.5.3.2 Market size and forecast, by Application
7.2.5.3.3 Market size and forecast, by End User
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Type
7.3.2.1 Europe Genetic Testing Solid Tumor Testing Market by Genetic Test Type
7.3.3 Europe Market size and forecast, by Application
7.3.4 Europe Market size and forecast, by End User
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Type
7.3.5.1.2 Market size and forecast, by Application
7.3.5.1.3 Market size and forecast, by End User
7.3.5.2 France
7.3.5.2.1 Market size and forecast, by Type
7.3.5.2.2 Market size and forecast, by Application
7.3.5.2.3 Market size and forecast, by End User
7.3.5.3 UK
7.3.5.3.1 Market size and forecast, by Type
7.3.5.3.2 Market size and forecast, by Application
7.3.5.3.3 Market size and forecast, by End User
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Type
7.3.5.4.2 Market size and forecast, by Application
7.3.5.4.3 Market size and forecast, by End User
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Type
7.3.5.5.2 Market size and forecast, by Application
7.3.5.5.3 Market size and forecast, by End User
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Type
7.3.5.6.2 Market size and forecast, by Application
7.3.5.6.3 Market size and forecast, by End User
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Type
7.4.2.1 Asia-Pacific Genetic Testing Solid Tumor Testing Market by Genetic Test Type
7.4.3 Asia-Pacific Market size and forecast, by Application
7.4.4 Asia-Pacific Market size and forecast, by End User
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 Japan
7.4.5.1.1 Market size and forecast, by Type
7.4.5.1.2 Market size and forecast, by Application
7.4.5.1.3 Market size and forecast, by End User
7.4.5.2 China
7.4.5.2.1 Market size and forecast, by Type
7.4.5.2.2 Market size and forecast, by Application
7.4.5.2.3 Market size and forecast, by End User
7.4.5.3 Australia
7.4.5.3.1 Market size and forecast, by Type
7.4.5.3.2 Market size and forecast, by Application
7.4.5.3.3 Market size and forecast, by End User
7.4.5.4 India
7.4.5.4.1 Market size and forecast, by Type
7.4.5.4.2 Market size and forecast, by Application
7.4.5.4.3 Market size and forecast, by End User
7.4.5.5 South Korea
7.4.5.5.1 Market size and forecast, by Type
7.4.5.5.2 Market size and forecast, by Application
7.4.5.5.3 Market size and forecast, by End User
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Type
7.4.5.6.2 Market size and forecast, by Application
7.4.5.6.3 Market size and forecast, by End User
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Type
7.5.2.1 LAMEA Genetic Testing Solid Tumor Testing Market by Genetic Test Type
7.5.3 LAMEA Market size and forecast, by Application
7.5.4 LAMEA Market size and forecast, by End User
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Type
7.5.5.1.2 Market size and forecast, by Application
7.5.5.1.3 Market size and forecast, by End User
7.5.5.2 Saudi Arabia
7.5.5.2.1 Market size and forecast, by Type
7.5.5.2.2 Market size and forecast, by Application
7.5.5.2.3 Market size and forecast, by End User
7.5.5.3 South Africa
7.5.5.3.1 Market size and forecast, by Type
7.5.5.3.2 Market size and forecast, by Application
7.5.5.3.3 Market size and forecast, by End User
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Market size and forecast, by Type
7.5.5.4.2 Market size and forecast, by Application
7.5.5.4.3 Market size and forecast, by End User

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 QIAGEN
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 QUEST DIAGNOSTICS INCORPORATED
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Abbott Laboratories
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Agilent Technologies Inc.
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Biocare Medical LLC
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 , F. Hoffmann-La Roche AG
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 ILLUMINA, INC.
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 MedGenome Labs Private Ltd
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 MYRIAD GENETICS, INC.
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Thermo Fisher Scientific, Inc.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Solid Tumor Testing Market,' the Solid Tumor Testing Market Size was valued at $23.8 billion in 2021, and is estimated to reach $46.7 billion by 2031, growing at a CAGR of 7% from 2022 to 2031.

Solid tumors, also known as solid cancers, is an abnormal growth of cells that do not contain liquid or cysts. These solid tumors can occur as benign (non-cancerous), which means they do not spread to other parts of the body; or can occur as malignant (cancerous) hence having the capability of spreading to other parts of the body if they are not treated promptly.

The Solid Tumor Testing Market Trends are the rise in the prevalence of solid tumors and the rise in the geriatric population that is more vulnerable to solid tumors. For instance, according to a report published by the American Cancer Society in 2022, lung cancer mainly occurs in the geriatric population. Two out of three people diagnosed with lung cancer are 65 or older, while less than 2% are younger than 45. The average age at the time of diagnosis is about 70. Most diseases such as cancers are highly prevalent in the geriatric population. Moreover, growth in demand for personalized medicine also propels the Solid Tumor Testing Market Size in upcoming years.

In addition, discovery and development; launch of various products; strategies among the key players such as acquisition, collaboration, and agreement drive the soliBased and tumor testing market. For instance, in August 2021, Roche announced U.S. Food and Drug Administration (FDA) approval of the VENTANA MMR RxDx Panel, advancing the company's commitment to personalized healthcare through tests that determine which patients are most likely to benefit from specific and targeted therapies. The VENTANA MMR RxDx Panel is the first companion diagnostic test to aid in identifying patients whose solid tumors are deficient in DNA mismatch repair (dMMR). However, the lack of skilled professionals restricts the market growth in the forecast period.

The Solid Tumor Testing Market Analysis is done into type, application, end-user, and region. By type, the market is categorized into genetic testing and conventional testing. The genetic testing segment is further classified into next-generation sequencing (NGS), real-time PCR (RT-PCR), fluorescent In-Situ hybridization (FISH), and fragment analysis. By application, the market is segmented into prostate, breast, colorectal, endometrial, lung, melanoma, brain, thyroid, liver, ovarian, and others (vaginal & vulvar, bladder, cervical, head & neck, and mesothelioma). By end user, the market is categorized into hospitals, pharmaceutical, and biotechnology companies, contract research organizations, and academic research institutions. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of type, the genetic testing segment accounted for the largest share of the market in 2021. The dominance of this segment can be attributed to the increase in the use of genetic testing in solid tumor testing for the diagnosis of tumors. The same genetic testing segment is expected to witness the highest CAGR during the forecast period, owing to an increase in the advancement of genetic testing products and a rise in awareness regarding genetic testing for the diagnosis of solid tumor.

Based on application, melanoma was the highest Solid Tumor Testing Market Share in 2021, owing to an increase in the prevalence of skin tumors among others across the world. The breast segment is expected to witness the highest CAGR during the forecast period, owing to the prevalence rate of breast cancer being high in the developed regions as compared to the developing regions.

Depending on the end user, the hospitals were the highest revenue contributor to the market in 2021, owing to an increase in the prevalence of tumor cases, and chronic diseases, and a rise in patient admissions. The academic research institutions segment is expected to witness the highest CAGR during the forecast period, owing to an increase in collaboration between research institutes and academic centers for the development validation of tumor kits, conventional testing, and equipment by conducting various laboratory experiments.

North America accounted for a majority of the solid tumor testing market share in 2021 and is anticipated to remain dominant during the forecast period. This is attributed to the rising in several cancer cases, the presence of key players, and advancement in healthcare in the region. For instance, six in ten Americans live with at least one chronic disease, like heart disease and stroke, cancer, or diabetes which are leading causes of death and disability and they are also a leading driver of the healthcare costs in this region.

Asia-Pacific is anticipated to witness lucrative growth, owing to an increase in medical tourism, implementation of new ICT guidelines in Japan, investments, and reforms to modernize China’s healthcare infrastructure, and rapid growth in the healthcare industry in India, supporting the market growth in this region.

By type, the genetic testing segment was the highest contributor to the Solid Tumor Testing Industry in 2021.

By application, melanoma was the highest contributor to the Solid Tumor Testing Industry in 2021.

By end user, the hospital's segment dominated the market in 2021.

Companies Mentioned

  • Qiagen
  • Quest Diagnostics Incorporated
  • Abbott Laboratories
  • Agilent Technologies Inc.
  • Biocare Medical LLC
  • , F. Hoffmann-La Roche AG
  • Illumina, Inc.
  • Medgenome Labs Private Ltd.
  • Myriad Genetics, Inc.
  • Thermo Fisher Scientific, Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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