The report offers an accurate forecast estimation of the Cancer Diagnostics Market based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Cancer Diagnostics Market.
The global cancer diagnostics market size reached USD 140.20 Billion in 2022 and is expected to register a revenue CAGR of 8.3% during the forecast period, according to latest analysis by Emergen Research. Rising prevalence of cancer such as lung cancer and breast cancer across the globe, rapid implementation of advanced molecular diagnostic techniques for early detection and diagnosis of cancers, and increasing funding by companies and government initiatives for clinical studies and diagnosis of cancers are some of the key factors driving revenue growth of the cancer diagnostics market.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the Cancer Diagnostics market. Also, to arrive at an accurate and unbiased market forecast, data collected from secondary research sources have been analyzed and validated through primaries.
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Competitive Landscape:
The report emphasizes the demands and trends for the Cancer Diagnostics market in the global market, more importantly, in the market that is spread across the major regions of the country. These major regions include North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The Cancer Diagnostics market is further segmented on the basis of product types offered in the market, application spectrum, leading manufacturers/companies, and key geographical regions.
The major companies Covered in the report are:
Hoffman-La Roche Ltd., QIAGEN., Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Becton, Dickinson and Company, Merck KGaA, Siemens, Danaher Corporation, and Koninklijke Philips N.V.
Significant Features of the Cancer Diagnostics Market Report:
The instruments segment accounted for the largest revenue share in 2022. These are some of the benefits which are driving revenue growth of the segment. Cancer diagnostics are being developed more quickly due to advances in molecular diagnostics, such as next-generation sequencing, companion diagnostics for the creation of innovative anti-cancer medications, and re-biopsy for the use of novel therapeutic approaches.
The discovery of the molecular genetic diagnostic procedures of numerous oncological malignancies and the rise in molecularly therapeutic strategies have signaled the development of the role of molecular genetic-based approaches. The cost of sequencing one human genome has significantly lowered over the past 20 years as well.
Molecular profiling utilizing Chromosomal Microarray Assessment, such as Reveal Single Nucleotide Polymorphisms (SNP) Oncology or SNP array, is proven and medically important for persons with acute leukemia, as is the application of a Next Generation Sequencing profile test to detect minimal residual disease for cancers. These factors are considerably driving revenue growth of this segment.
The lung cancer segment is expected to register a steady CAGR during the forecast period. According to the American Cancer Society, there will be about 127,070 lung cancer fatalities and about 238,340 additional cases of lung cancer in the U.S. in 2023 (117,550 males and 120,790 women) (67,160 in men and 59,910 in women).
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Emergen Research has segmented the global cancer diagnostics market on the basis of cancer type, product type, technology type, end-use, and region:
Cancer Type Outlook (Revenue, USD Billion; 2019-2032)
Breast Cancer
Lung Cancer
Colorectal Cancer
Cervical Cancer
Prostate Cancer
Others
Product Type Outlook (Revenue, USD Billion; 2019-2032)
Consumables
Instruments
Technology Type Outlook (Revenue, USD Billion; 2019-2032)
IVD testing
Imaging Technology
End-Use Outlook (Revenue, USD Billion; 2019-2032)
Hospital
Specialty Cancer Centers & Clinics
Others
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 20222032
Chapter 3. Key Insights
Chapter 4. Cancer Diagnostics Market Segmentation & Impact Analysis
4.1. Industrial Outlook
4.1.1. Market indicators analysis
4.1.2. Market drivers analysis
4.1.2.1. Rising focus on development of sustainable and eco-friendly products
4.1.2.2. Increasing adoption of water based adhesives in packaging and footwear industries
4.1.2.3. Increasing usage of acrylic dispersion adhesives in the construction industry
4.1.3. Market restrains analysis
4.1.3.1. Low storage capability due to perishability
4.1.3.2. High competition from hot melt adhesives
4.2. Technological Insights
4.3. Regulatory Framework
4.4. Porters Five Forces Analysis
4.5. Competitive Metric Space Analysis
4.6. Price Trend Analysis
4.7. Covid-19 Impact Analysis
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About Emergen Research
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