Liver Cancer Diagnostics Market Size, Analysis, Top Players, Target Audience and Forecast to 2027
Liver Cancer Diagnostics Market Overview:
A research team conducted extensive primary and secondary research for the global Liver Cancer Diagnostics market analysis. Secondary research was carried out to supplement existing data, segment the market, calculate total market size, and forecast market size and growth rate.
According to Globocan statistics, liver cancer was the 6th most frequent kind of cancer in 2020, with around 905,677 new instances of this life-threatening disease being identified globally, resulting in approximately 830,180 fatalities. Chronic (long-term) infection with Hepatitis C Virus (HCV) or Hepatitis B Virus is the most prevalent cause of liver cancer (HBV). According to WHO estimates, 71.0 million persons worldwide have chronic HCV infection. According to the same source, over 399,000 persons died in 2016 as a result of cirrhosis and primary liver cancer caused by HCV infection. Because of the disease's high incidence and death rate, the need for novel diagnostic methods for prompt diagnosis has increased dramatically, driving the liver cancer diagnostics market growth.
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Liver Cancer Diagnostics Market Scope:
The study employs PESTLE analysis to evaluate the benefits and drawbacks of major market participants. To forecast the market and provide investment advice, the researcher carefully examines the Liver Cancer Diagnostics market's size, share, trend, total profit, total revenue, and profit margin. Market changes are advised by subject-matter experts.
In addition to data on capacity and production, price and cost information, company profiles, product images, specifications, and contact information, the report includes information on the major market participants. The Liver Cancer Diagnostics market is examined for trends, size, and value at the global, regional, and corporate levels in this report. This study examines the global market for Liver Cancer Diagnostics using historical data and future projections.
Liver Cancer Diagnostics Market Segmentation:
In 2020, the liver cancer diagnostics market was dominated by the laboratory tests segment, which generated 39.5 percent of total revenue. The segment is anticipated to grow at the fastest rate over the course of the forecast. Due to their accuracy and affordability, laboratory tests are highly preferred, which is related to their large market and rapid growth. Additionally, laboratory tests are used to identify high-risk patients, choose the best therapies, pinpoint the stages of the disease, and assess how well the condition is responding to medication.
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Liver Cancer Diagnostics Market Key players:
- Hoffmann-La Roche Ltd. (Switzerland)
- Qiagen N.V. (Germany)
- Thermo Fisher Scientific, Inc. (United States)
- Siemens Healthineers (Germany)
- Becton Dickinson & Company (United States)
- Illumina, Inc. (United States)
- Koninklijke Philips N.V. (Netherlands)
- Epigenomics AG (Germany)
- Fujifilm Medical Systems U.S.A., Inc. (United States)
- Hologic, Inc. (United States)
COVID-19 Impact on Liver Cancer Diagnostics market:
The Liver Cancer Diagnostics market has been significantly impacted by the COVID-19 outbreak. The development of Liver Cancer Diagnostics production facilities has been halted due to the global economic downturn and a labour shortage. COVID-19 pandemic has resulted in a significant and long-term decrease in production utilisation. Additionally, travel restrictions and facility closures have hampered staff visits, limiting the Liver Cancer Diagnostics market's growth in 2020. However, given the high demand for Liver Cancer Diagnostics, COVID-19's market effects are expected to be transitory. The industry is expected to recover completely by early 2021.
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