Next Generation Cancer Diagnostics Market

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: August, 2025 Updated Date: September, 2025

Next Generation Cancer Diagnostics Market Overview

Next Generation Cancer Diagnostics Market (USD Million)

Next Generation Cancer Diagnostics Market was valued at USD 9,998.24 million in the year 2024. 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%.


Next Generation Cancer Diagnostics Market

*Market size in USD million

CAGR 15.5 %


Study Period2025 - 2031
Base Year2024
CAGR (%)15.5 %
Market Size (2024)USD 9,998.24 Million
Market Size (2031)USD 27,415.59 Million
Market ConcentrationLow
Report Pages346
9,998.24
2024
27,415.59
2031

Major Players

  • Thermo Fisher Scientific Inc.
  • Illumina, Inc.
  • F. Hoffmann-La Roche Ltd.
  • QIAGEN N.V.
  • Agilent Technologies, Inc.
  • Abbott Laboratories
  • Siemens Healthineers AG
  • Bio-Rad Laboratories, Inc.
  • Myriad Genetics, Inc.
  • Guardant Health, Inc.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Next Generation Cancer Diagnostics Market

Fragmented - Highly competitive market without dominant players


The Next Generation Cancer Diagnostics Market is expanding rapidly as the focus on early detection, targeted therapies, and minimally invasive methods increases. With around 45% of oncology developments driven by advanced diagnostics, these solutions are becoming essential for modern healthcare. Their ability to provide greater accuracy, faster results, and tailored insights makes them critical in the fight against cancer.

Technological Advancements
Key advancements in liquid biopsy, AI-powered imaging, and next-generation sequencing are redefining diagnostic capabilities. Nearly half of advanced oncology platforms now use these technologies, offering higher sensitivity, predictive analytics, and precise detection. This progress is helping clinicians identify cancers earlier, significantly improving treatment outcomes.

Accuracy and Efficiency
Next-gen diagnostics deliver up to 35% higher detection rates compared to older systems. Their ability to minimize errors, accelerate testing, and support continuous monitoring strengthens their position as vital tools in oncology care.

Expanding Applications
Adoption is growing across solid tumors, blood cancers, and rare malignancies, with over 60% of clinical studies incorporating advanced diagnostic technologies. Their integration into personalized medicine and therapy selection underscores their value in creating patient-centric care models.

Future Outlook
More than 55% of cancer treatment pathways will incorporate next-gen diagnostics. With the adoption of genomic testing, AI-driven predictive models, and real-time monitoring tools, these innovations will deliver improved outcomes, cost efficiency, and stronger alignment with precision oncology strategies.

  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. 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. 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. 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. 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. 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. 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