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Solid Tumor Testing Market by Type (Genetic testing, Conventional testing), by Application (Breast cancer, Lung cancer, Prostate cancer, Colorectal cancer, Melanoma, Other applications), by End-users (Hospitals, Diagnostic laboratories, Cancer research institutes, Other end-users), by North America (U.S., Canada), by Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe), by Asia Pacific (China, Japan, India, Australia, South Korea, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Rest of Latin America), by Middle East and Africa (South Africa, Saudi Arabia, UAE, Rest of Middle East and Africa) Forecast 2025-2033
The size of the Solid Tumor Testing Market market was valued at USD 20.5 Billion in 2024 and is projected to reach USD 34.23 Billion by 2033, with an expected CAGR of 7.6% during the forecast period. The growth of the Solid Tumor Testing Market is also influenced by the increasing prevalence of cancer and advancement in molecular diagnostics. Solid tumor testing is used to analyze the tumor tissues and identify genetic mutations, biomarkers, and molecular changes that assist in diagnosis, prognosis, and personalized treatment strategies. The rising adoption of NGS, PCR, and in situ hybridization techniques has dramatically changed the dynamics of cancer diagnostics. Growing awareness about the early detection of cancer, and the demand for targeted therapies are driving the expansion of the market. The expansion of precision medicine and companion diagnostics is further promoting the demand for solid tumor testing. Government research initiatives on cancer and the further development of techniques in liquid biopsies contribute to the market growth. Market expansion may face challenges in terms of high cost of testing, regulatory hurdles, and reimbursement limitation. North America is the leading region in this market due to its developed healthcare infrastructure and extensive research in oncology, followed by Europe and the Asia-Pacific region. The adoption of AI-driven diagnostic tools and bioinformatics solutions helps increase efficiency in tumor testing. Hospital, diagnostic laboratories, and research institutes are the prime end-users of solid tumor testing solutions. The incorporation of automation in laboratory workflows has improved the accuracy of tests, as well as the turnaround time. The non-invasive test through liquid biopsies is becoming a fast-emerging and more viable alternative to the traditional tissue biopsy. Increasing investments in oncology diagnostics in emerging markets have further fueled market growth. Continuous innovations in the area of genomic profiling and biomarker discovery are expected to create new opportunities for players in the market. Advances in multi-gene panels and tumor mutation burden (TMB) analysis are significantly improving cancer detection and treatment decisions.
The market is moderately concentrated, with a few major players accounting for a significant portion of the market share. Key players include Abbott, Agilent Technologies, Caris Life Sciences, F. Hoffmann-La Roche Ltd, Foundation Medicine, Guardant Health, Hologic, Inc., Illumina, Inc., MedGenome, Myriad Genetics, NeoGenomics Laboratories, QIAGEN, Quest Diagnostics Incorporated, SOPHiA GENETICS, and Thermo Fisher Scientific, Inc.
Key Region: North America is expected to hold the largest market share due to the high prevalence of cancer, advanced healthcare infrastructure, and favorable regulatory policies.
Dominant Segment: Next-generation sequencing (NGS) is expected to dominate the market, driven by its comprehensive genetic analysis capabilities and growing adoption in precision oncology.
The report provides comprehensive insights into the Solid Tumor Testing market, including detailed market sizing, market share analysis, and forecast for the period 2023-2030. It covers the following key aspects:
The global solid tumor testing market is expected to reach USD 42.3 billion by 2030, growing at a CAGR of 7.6% from 2023 to 2030. North America held the largest market share of 35% in 2023 and is projected to continue dominating the market during the forecast period. Asia Pacific is expected to exhibit the highest growth rate, driven by factors such as rising cancer incidence, increasing healthcare expenditure, and government initiatives promoting personalized medicine.
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 7.6% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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