Cancer Diagnostics Market Statistics, Top Key Players and Segment Analysis by Forecast to 2030
The surge in cancer diagnoses globally is
estimated to fuel the progress of the Cancer Diagnostics Market. The market's
report is efficiently analyzed as per MRFR, which provides outlooks for the
global Cancer
Diagnostics Market Report was valued at USD 160.2 billion in 2021 and is
projected to grow from USD 170.9 billion in 2022 to USD 269.1 billion by 2030,
exhibiting a compound annual growth rate (CAGR) of 6.70% during the forecast
period (2022 - 2030).
The advancement in diagnostic markers and
science has led to the development of the cancer diagnostics market in the forthcoming period. The improvement in
reimbursement policies is estimated to support the expansion of the tissue
diagnostics market in the impending period.
Segmental
Analysis
The
segmental overview of the cancer diagnostics market is carried out on the basis
of type, application, end user and regions. The cancer diagnostics market's
application segment comprises breast cancer, colorectal cancer, melanoma cancer, lung
cancer, prostate cancer, and liver cancer. The cancer diagnostics market's end
user segment comprises hospitals and clinics, diagnostic centers, and research
institutes. The region segment of the cancer diagnostics market comprises of
the Americas, the Middle East, Africa, Europe, and the Asia Pacific. The type
segment of the cancer diagnostics market comprises of biomarkers testing,
biopsy, imaging testing, and in-vitro diagnostic testing.
Regional
Overview
The regional examination of the
cancer diagnostics market comprises of the Americas, the Middle East, Africa,
Europe, and the Asia Pacific. The Americas cancer diagnostics market Statistics governed the global market due to the
mounting elderly inhabitants, the firm healthcare sector, and growing
healthcare spending. The European cancer diagnostics market held the second
major part of the cancer diagnostics market. The growing awareness about
cancer, technological developments in the region, and mounting demand for
efficient handling and diagnostics for cancer is anticipated to drive the
development of the regional cancer diagnostics market. Germany directed the
largest portion in the European market for cancer diagnostics. The Asia-Pacific
cancer diagnostics market is anticipated to register the fastest development in
the cancer diagnostics market throughout the forecast period owing to the
incidence of a large patient collection and snowballing government proposals
for the growth of the healthcare sector in the region. Nations in Asia-Pacific
are implementing advanced treatment options, which in turn powers the cancer
diagnostics market growth in this region.
The market is projected to witness a period
of turbulence with the impact of the pandemic on the workforce and the economy
as a whole. The collaborative efforts of the market contenders are expected to
broaden the horizons for development in the foreseeable future. The measures
being undertaken to ensure seamless functioning of the market is estimated to
lay off in the long run. The investment towards cutting-edge technology is
anticipated to take a sharp surge with amplified funding accessibility. The
formation of strong trade relations among several regions is forecasted to have
a beneficial effect on growth. The focus on the client's needs is estimated to
be more important than before as changes in living standards can have a notable
bearing on the popularity of certain market trends. The contenders in the
market are likely to see aggressive competition in the coming years. The
reimagined market structure is predicted to rely on a combination of robust
online selling capabilities and a capable supply chain.
The distinguished companies in the cancer
diagnostic market are Arquer Diagnostics Ltd, Illumina, Inc., Becton, Dickinson
and Company (BD), BioMark Diagnostics Inc., Biotheranostics, Exact Sciences
Corporation, Cancer Diagnostics, Inc., Agilent Technologies, Inc., Thermo
Fisher Scientific, Inc., GE Healthcare, QIAGEN N.V., Roche Diagnostics, Siemens
Healthcare, Abbott Laboratories, Inc., and Koninklijke Philips N.V., Inc.
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United States of America
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