Cancer Diagnostics Market-Overview
The prevalence of cancer cases in a broader section of society than before has paved the way for its development in terms of its treatment methods and diagnostics. Reports created by MRFR detail the developments of the industry that can be expected in the market through the forecast period. The global market is estimated to rake in revenues of USD 163,000 Million with an 8.9% CAGR by 2025.
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The late detection of cancer is a major cause for the fatality rates due to various cancer forms, and improvement in detection and diagnosis due to improvement in knowledge and technology is predicted to empower the breast cancer diagnostics market companies. Furthermore, advanced investments in the field of research are estimated to open up new options for progress in the cancer diagnostics market in the future.
Market Segmentation
Market Research Future report offers an all-inclusive segmental analysis of the cancer diagnostic market on the basis of type, application and end user.
Based on type, it is segmented into tumor cancer diagnostics, imaging procedure, endoscopy based, biopsy based and others. Of these, the imaging procedure will have the largest market share over the assessment period.
Based on application, the cancer diagnostic market is segmented into pancreatic cancer, liver cancer, kidney cancer, blood cancer, skin cancer, prostate cancer, cervical cancer, colorectal cancer, breast cancer, lung cancer and others. Of these, breast cancer will have the maximum share in the market.
Based on end-user, it is segmented into research institutes, hospital, clinic, diagnostic center and others. Of these, hospital will have a robust growth over the assessment period.
Regional Analysis:
By region, the global cancer diagnostics market has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa. Americas currently dominate the global market and is expected to retain a substantial share of the market towards the end of 2023. The factors favoring the growth of the market in the region include increasing patient pool, technological advancements, growing government support and funding in research & development, etc.
Europe is an important growth pocket in the global cancer diagnostic market. The regional market is supposed to exhibit healthy growth due to catalyzed research & development activities supported by the governments. Asia Pacific is projected to be the fastest growing regional market owing to factors such as developing healthcare sector, booming medical tourism, increasing healthcare expenditure, etc. Meanwhile, the Middle East & Africa holds the least share of the market due to poor healthcare infrastructure.
Competitive Analysis
The optimism about COVID-19 related treatment methods such as the vaccines being rolled out in various regions is estimated to further improve the overall sentiment in the market. The improvement in core industries performance on a global scale is estimated to fast track the development of the worldwide market in the upcoming period. The role of governmental bodies in facilitating the development of the market is estimated to be vital through the grant of special incentives to attract global titans to certain regions and contribute to the development of the market in the forecast period. Furthermore, the presence of better trade relations between several nations is estimated to offer more options for growth in the upcoming period. The overall development prospects of the market players are estimated to improve steadily with the effect of the COVID-19 pandemic reducing. The entry of global players in key developing regional markets is predicted to have a favorable effect that will ripple into other areas of the market as well.
The renowned players in the cancer diagnostics market are Arquer Diagnostics Ltd, QIAGEN N.V., Abbott Laboratories, Inc., BioMark Diagnostics Inc., Biotheranostics, Siemens Healthcare, Agilent Technologies, Inc., Thermo Fisher Scientific, Inc., Illumina, Inc., Becton, Dickinson and Company (BD), Cancer Diagnostics, Inc., Exact Sciences Corporation, GE Healthcare, Roche Diagnostics, and Koninklijke Philips N.V., Inc.
Key Players
Leading players profiled in the cancer diagnostic market include C.R. Bard, Inc. (the U.S.), Philips Healthcare (the U.K.), Siemens Healthcare (Germany), Roche Diagnostics (Switzerland), Abbott Laboratories, Inc. (the U.S.), QIAGEN N.V. (Netherlands), GE Healthcare (the U.K), Dickinson and Company (the U.S.), Becton, Illumina, Inc. (Denmark), Thermo Fisher Scientific, Inc. (the U.S.), Agilent Technologies, Inc. (the U.S.), Cancer Diagnostics, Inc. (the U.S.), Biotheranostics, Inc. (the U.S.), BioMark Diagnostics Inc. (Canada), Arquer Diagnostics Ltd (the U.K), Armune BioScience, Inc. (the U.S.), and others.
Jan 2019- A breathalyser test which can help in revolutionizing cancer diagnosis will be trialed in Britain. Known as the Breath Biopsy Device, it has been specially designed for detecting cancer hallmarks in the molecules that the patients exhale.
Table of Contents
Chapter 1. Executive Summary
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Overview
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
5.2.1 R&D and Designing
5.2.2 Manufacturing
5.2.3 Distribution & Sales
5.2.4 Post-Sales Review
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