Global Next Generation Cancer Diagnostics Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Cancer Type;

Lung Cancer, Breast Cancer, Colorectal Cancer, Cervical Cancer, and Others.

By Function;

Therapeutic Monitoring, Companion Diagnostics, Prognostics, Cancer Screening, and Risk Analysis.

By Technology;

Next Generation Sequencing, qPCR & Multiplexing, Lab-on- a- chip (LOAC) & Reverse Transcriptase-PCR (RT-PCR), Protein Microarrays, and DNA Microarrays.

By Application;

Biomarker Development, CTC Analysis, Proteomic Analysis, Epigenetic Analysis, and Genetic Analysis.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn579879401 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Next Generation Cancer Diagnostics Market (USD Million), 2021 - 2031

In the year 2024, the Global Next Generation Cancer Diagnostics Market was valued at USD 9,998.24 million. The size of this market is expected to increase to USD 27,415.59 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 15.5%.

The Global Next Generation Cancer Diagnostics Market is at the forefront of revolutionizing cancer detection and treatment. With cancer being one of the leading causes of death worldwide, early and accurate diagnosis is critical for improving patient outcomes and survival rates. Next-generation cancer diagnostics encompass a range of advanced technologies, including next-generation sequencing (NGS), liquid biopsies, and advanced imaging techniques, which enable the precise identification of cancerous cells and genetic mutations at an early stage.

These cutting-edge diagnostic tools offer numerous advantages over traditional methods, such as higher sensitivity, specificity, and the ability to detect multiple cancer types from a single test. The integration of these technologies into routine clinical practice is transforming the landscape of cancer diagnosis, allowing for personalized treatment plans tailored to the genetic profile of each patient. This personalized approach not only enhances the effectiveness of treatments but also minimizes adverse effects, thereby improving the overall quality of life for cancer patients.

The market is experiencing significant growth, driven by factors such as increasing cancer prevalence, advancements in diagnostic technologies, and a growing emphasis on early detection. Additionally, supportive government initiatives, rising healthcare expenditure, and the expanding application of artificial intelligence (AI) in diagnostics are further propelling the market forward. As the demand for more accurate and less invasive diagnostic methods continues to rise, the Global Next Generation Cancer Diagnostics Market is poised to play a crucial role in the fight against cancer, offering new hope for patients and healthcare providers worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Cancer Type
    2. Market Snapshot, By Function
    3. Market Snapshot, By Technology
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Global Next Generation Cancer Diagnostics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Advanced Detection Techniques
        2. Increasing Cancer Prevalence
        3. Personalized Medicine Growth
        4. Technological Innovations Surge
        5. Early Diagnosis Demand
      2. Restraints
        1. High Cost Involvement
        2. Regulatory Approval Delays
        3. Limited Skilled Workforce
        4. Complex Testing Procedures
        5. Data Privacy Concerns
      3. Opportunities
        1. Emerging Market Expansion
        2. AI Integration Potential
        3. Biomarker Discovery Advancements
        4. Telemedicine Growth Integration
        5. Public Awareness Campaigns
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Next Generation Cancer Diagnostics Market, By Cancer Type, 2021 - 2031 (USD Million)
      1. Lung Cancer
      2. Breast Cancer
      3. Colorectal Cancer
      4. Cervical Cancer
      5. Others
    2. Global Next Generation Cancer Diagnostics Market, By Function;, 2021 - 2031 (USD Million)
      1. Therapeutic Monitoring
      2. Companion Diagnostics
      3. Prognostics
      4. Cancer Screening
      5. Risk Analysis
    3. Global Next Generation Cancer Diagnostics Market, By Technology, 2021 - 2031 (USD Million)
      1. Next Generation Sequencing
      2. qPCR & Multiplexing
      3. Lab-on- a- chip (LOAC) & Reverse Transcriptase-PCR (RT-PCR)
      4. Protein Microarrays
      5. DNA Microarrays.
    4. Global Next Generation Cancer Diagnostics Market, By Application, 2021 - 2031 (USD Million)
      1. Biomarker Development
      2. CTC Analysis
      3. Proteomic Analysis
      4. Epigenetic Analysis
      5. Genetic Analysis.
    5. Global Next Generation Cancer Diagnostics Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Thermo Fisher Scientific Inc.
      2. Illumina, Inc.
      3. F. Hoffmann-La Roche Ltd.
      4. QIAGEN N.V.
      5. Agilent Technologies, Inc.
      6. Abbott Laboratories
      7. Siemens Healthineers AG
      8. Bio-Rad Laboratories, Inc.
      9. Myriad Genetics, Inc.
      10. Guardant Health, Inc.
  7. Analyst Views
  8. Future Outlook of the Market