Discover trends, market shifts, and competitive outlooks for the solid tumor testing industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Are the Key Milestones in the Solid Tumor Testing Market’s Growth Trajectory From 2025 To 2034?

The market for solid tumor testing has experienced significant growth in the past years. The market size is predicted to increase from $27.96 billion in 2024 to $30 billion in 2025, with an impressive compound annual growth rate (CAGR) of 7.3%. Factors contributing to this historic growth are advancements in precision medicine, challenges in tumor-specific drug delivery, decreased therapeutic efficacy, unsustainable costs, and simplistic approaches taken towards cancer chemotherapies.

The market size for solid tumor testing is anticipated to experience robust expansion in the coming years. It is projected to increase to $40.06 billion by 2029, with a compound annual growth rate (CAGR) of 7.5%. The anticipated growth during the forecast period is due to factors such as an increased incidence of cancer, expanded health care infrastructure, advent of artificial intelligence and Internet of Things-enabled diagnostic tools, and heightened governmental initiatives. Key trends for this timeframe include progress in diagnostic tools, introduction of therapies based on nanocarriers, strategic partnerships, and the development of next-generation testing devices.

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How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theSolid Tumor Testing Market?

The solid tumor testing market is projected to expand due to an anticipated rise in cancer prevalence. Cancer is distinguished by the body’s irregular cells proliferating and spiraling out of control. These irregular cells, termed cancer cells, can penetrate nearby tissues and organs, and, in some situations, disseminate to other body parts via the bloodstream or lymphatic system. The majority of adult cancers are solid tumors, accounting for approximately 90%. Solid tumor testing assists in the identification of cancer cells in the blood of patients with solid tumors, even when the cancer cannot yet be detected by imaging exams. For example, the Centers for Disease Control and Prevention, a national public health institution in the US, reported in June 2023 that there were 1,603,844 new cancer diagnoses and 602,347 cancer-related fatalities in the US in 2020, with 403 new cancer diagnoses and 144 cancer-related deaths per 100,000 people. Consequently, the escalating prevalence of cancer is propelling the growth of the solid tumor testing market.

Which Segments in the Solid Tumor Testing Offer the Most Growth?

The solid tumor testing market covered in this report is segmented –

1) By Type: Genetic Testing, Conventional Testing

2) By Cancer Type: Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Cervical Cancer

3) By Application: Clinical, Research

4) By End-Users: Hospitals, Pharmaceutical And Biotechnology Companies, Contract Research Organizations, Academic Research Institutions

Subsegments:

1) By Genetic Testing: Next-Generation Sequencing (NGS), Polymerase Chain Reaction (PCR), Fluorescence In Situ Hybridization (FISH)

2) By Conventional Testing: Histopathology, Cytology, Imaging Techniques

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What Are the Fastest-Growing Geographies in the #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theSolid Tumor Testing Market?# Market?

North America was the largest region in the solid tumor testing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the solid tumor testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Are the Current Market Growth and Trends in the Solid Tumor Testing Industry?

The emergence of inventive liquid biopsy test solutions is a significant trend gaining momentum in the solid tumor testing market. Major players in the field of solid tumor testing are making a strategic move towards developing these cutting-edge liquid biopsy test solutions to fortify their market stand and achieve a competitive edge. As an illustration, in June 2020, NeoGenomics Inc., a testing laboratory firm based in the US, introduced a comprehensive set of three solid tumor liquid biopsy tests aimed at cancer sufferers. These hi-tech tests are engineered to identify cancer cells in a patient’s blood related to solid tumors, even before the cancer is detectable via any imaging tests. These tests hold potential to aid medics in making decisions regarding any further requirements of testing or the best possible treatment. Besides, this method of testing is non-invasive, enables early detection, can lend itself to individualized treatment strategies, and has received FDA clearance. Additionally, the three new tests introduced promise to have a turnaround time of seven days or less, which is capable of conserving a significant amount of time for clinicians.

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What Are the Key Elements That Define the Solid Tumor Testing Market?

Solid tumor testing refers to the diagnostic and molecular testing conducted on solid tumors, which are masses or growths of abnormal cells that form in various body tissues. Solid tumor testing is used to detect cancer cells or cancer-related DNA in patients’ blood with solid tumors, even if the cancer is not yet visible on imaging tests.

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