Canada Next Generation Cancer Diagnostics Market Size & Outlook
Canada next generation cancer diagnostics market, 2018-2030 (US$M)
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Canada next generation cancer diagnostics market highlights
- The Canada next generation cancer diagnostics market generated a revenue of USD 1,538.9 million in 2023 and is expected to reach USD 2,791.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.9% from 2024 to 2030.
- In terms of segment, next generation sequencing was the largest revenue generating technology in 2023.
- Next Generation Sequencing is the most lucrative technology segment registering the fastest growth during the forecast period.
Next generation cancer diagnostics market data book summary
| Market revenue in 2023 | USD 1,538.9 million |
| Market revenue in 2030 | USD 2,791.5 million |
| Growth rate | 8.9% (CAGR from 2023 to 2030) |
| Largest segment | Next generation sequencing |
| Fastest growing segment | Next Generation Sequencing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Next Generation Sequencing, QPCR & Multiplexing, LOAC & RT-PCR, Protein Microarrays, DNA Microarrays |
| Key market players worldwide | Johnson & Johnson, Illumina Inc, Novartis AG ADR, Roche, Koninklijke Philips NV, Qiagen NV, Agilent Technologies Inc, Abbott Laboratories, Thermo Fisher Scientific Inc, GE HealthCare Technologies Inc Common Stock |
Other key industry trends
- In terms of revenue, Canada accounted for 9.8% of the global next generation cancer diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. next generation cancer diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,791.5 million by 2030.
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Next Generation Cancer Diagnostics Market Scope
Next Generation Cancer Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada next generation cancer diagnostics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to next generation cancer diagnostics market will help companies and investors design strategic landscapes.
Next generation sequencing was the largest segment with a revenue share of 36.95% in 2023. Horizon Databook has segmented the Canada next generation cancer diagnostics market based on next generation sequencing, qpcr & multiplexing, loac & rt-pcr, protein microarrays, dna microarrays covering the revenue growth of each sub-segment from 2018 to 2030.
Presence of cancer care centers such as Cancer Care Ontario, Prostate Cancer Canada, and Atlantic Cancer Research Institute that are involved in development of companion diagnostics and personalized medicine are anticipated to impact regional growth through to 2024.
According to data published by the Canadian Cancer Statistics, it has been estimated that burden of cancer on Canadian population in 2014 was 191,300 and the mortality was about 76,600.
Research carried out by the market entities in order to curb these rising rates of cancer incidence is estimated to provide this region with a number of lucrative avenues for growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada next generation cancer diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Canada next generation cancer diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada next generation cancer diagnostics market size, by technology, 2018-2030 (US$M)
Canada Next Generation Cancer Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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