Fusion Transcript Assays Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 3.2 Billion by 2030, growing at a CAGR of 10.5% from 2024 to 2030.
The global fusion transcript assays market was valued at approximately USD 1.2 billion in 2022. It is projected to experience a compound annual growth rate (CAGR) of 8.3% from 2023 to 2030. The market growth is driven by the increasing prevalence of cancer and genetic disorders, which necessitate advanced diagnostic tools. Additionally, the rising adoption of personalized medicine and advancements in genomic research are contributing to the market expansion. The integration of fusion transcript assays into clinical workflows is enhancing the precision of disease diagnosis and treatment, further fueling the demand.
Opportunities in the fusion transcript assays market are burgeoning due to the growing focus on precision oncology and the development of novel assays with higher sensitivity and specificity. Emerging markets, particularly in Asia-Pacific and Latin America, present significant growth potential due to the expanding healthcare infrastructure and increasing investments in research and development. The advancements in assay technologies, coupled with rising awareness and funding for genomic research, are expected to drive market opportunities and accelerate the adoption of fusion transcript assays in these regions.
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Thermo Fisher Scientific
Illumina
Inc.
Merck Millipore
Hologic Inc.
Hologic Inc Bio-Rad Laboratories Inc.
Caris Life Sciences
SeraCare Life Sciences Inc.
QIAGEN
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Fusion Transcript Assays Market
Hospital
Cancer Research Center
Diagnostic Laboratory
Others
Based on Types the Market is categorized into Below types that held the largest Fusion Transcript Assays market share In 2023.
Fusion Transcript Kits
PCR Devices
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Fusion Transcript Assays Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Fusion Transcript Assays Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Fusion Transcript Assays Market, By Type
6. Global Fusion Transcript Assays Market, By Application
7. Global Fusion Transcript Assays Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Fusion Transcript Assays Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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