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Cancer Diagnostics Market Advancing In Diagnostics Instrument Industry With Dominating Players Like GE Healthcare, Hologic, Inc, Siemens Healthcare GmbH, Becton, Dickinson and Company

07-13-2018 03:00 PM CET | Health & Medicine

Press release from: Data Bridge Market Research

Global Cancer Diagnostics Market

Global Cancer Diagnostics Market

Progressions in different fields, for example, biomarkers, imaging, biopsy, and endoscopy; developing commonness of growth, fast ascent in maturing populace, expanding number of mindfulness activities by governments, and developing government financing. Be that as it may, high capital speculations and low advantage cost proportion of biomarkers, and staggering expense of symptomatic imaging instruments posture restrictions to the development of this market. Enhancing human services framework in rising nations and developing interest of customized medications offer development open doors for this market.

The Cancer Diagnostics Market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Global Cancer Diagnostics Market is expected to reach USD 40.10 billion by 2024 from USD 16.55 billion in 2016, at a CAGR of 11.7% in the forecast period 2017 to 2024.

The global cancer diagnostics market is segmented on the basis of Technology, Application And Geography.

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The global cancer diagnostics market is segmented into 2 types, namely platform based and instrument based. In 2017, the cancer diagnostics instrument based segment is expected to dominate the market with a share of 68.8% and is expected to continue this trend till 2024.

Cancer diagnostics platform based market is segmented into Polymerase Chain Reaction (PCR), In Situ Hybridization (ISH), Immunohistochemistry (IHC), Next Generation Sequencing (NGS), DNA microarrays, flow cytometry and others. Cancer Diagnostics instrument based market is segmented into imaging and biopsy. Imaging is further segmented into Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Positron Emission Tomography- Computed Tomography (PET-CT), mammography and ultrasound.

On the basis of application, the market is segmented into lung cancer, breast cancer, colorectal cancer, melanoma and others.

North America Industry Segmentation

North America cancer diagnostics is expected to reach USD 17.72 billion by 2024 from USD 7.59 billion in 2016, at a CAGR of 11.2% in the forecast period 2017 to 2024.

The major factors driving the growth of this market are the technological advancement in the field of early detection of cancer and high investment in cancer research by North America. These factors increase the demand for cancer diagnostic products.

Technology: Cancer diagnostics instrument based segment is expected to dominate the market with a share of 69.4% and is expected to continue this trend till 2024.

Application: On the basis of application, the market is segmented into lung cancer, breast cancer, colorectal cancer, melanoma and others.

Top Players: GE Healthcare is going to dominate the cancer diagnostics market, by imaging following with Siemens Healthcare GmbH along with others such as Hologic, Inc, Becton, Dickinson & Company. Thermo Fisher Scientific, Inc. is going to dominate the cancer diagnostics market, by platform based following with Illumina, Inc. along with others such as Roche Diagnostics, Abbott Laboratories, Inc. QIAGEN

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Europe Industry Segmentation

Europe cancer diagnostics is expected to reach USD 13.02 billion by 2024 from USD 5.16 billion in 2016, at a CAGR of 12.3% in the forecast period 2017 to 2024. The major factors driving the growth of this market are the rise in the aging population in European countries and government initiatives. These factors increase the demand for cancer diagnostic products.

Technology: The cancer diagnostics instrument based segment is expected to dominate the market with a share of 67.5% and is expected to continue this trend till 2024.

Application: The market is segmented into lung cancer, breast cancer, colorectal cancer, melanoma and others.

Top Players: Siemens Healthcare is going to dominate the cancer diagnostics market, by imaging following with Hologic, Inc, Becton, Dickinson and Company. Thermo Fisher Scientific, Inc. is going to dominate the cancer diagnostics market, by platform based following with Illumina, Inc. along with others such as Roche Diagnostics, Abbott Laboratories, Inc., QIAGEN

Asia-Pacific Industry Segmentation

APAC cancer diagnostics is expected to reach USD 7.10 billion by 2024 from USD 2.70 billion in 2016, at a CAGR of 12.7% in the forecast period 2017 to 2024. The major factors driving the growth of this market are the increasing medical tourism in Asia Pacific regions and technological development and increasing market reach by Asian countries. These factors increase the demand for cancer diagnostic products.

Technology: cancer diagnostics instrument based segment is expected to dominate the market with a share of 70.2% and is expected to continue this trend till 2024.

Application: The market is segmented into lung cancer, breast cancer, colorectal cancer, melanoma and others.

Top Players: F. Hoffman-La Roche Ltd is going to dominate the cancer diagnostics market, by platform based following with Abbott Laboratories Inc along with QIAGEN.

Table Of Content

Introduction
1.1. Objectives Of The Study
1.2. Market Definition
1.3. Overview Of Global Cancer Diagnostics Market
1.4. Currency And Pricing
1.5. Limitation
1.6. Markets Covered

Market Segmentation

2.1. Markets Covered
2.2. Geographic Scope
2.3. Years Considered For The Study
2.4. Currency And Pricing
2.5. Research Methodology
2.6. Primary Interviews With Key Opinion Leaders
2.7. Secondary Sources
2.8. Assumptions

Market Overview

3.1. Drivers

3.1.1. Growth Of Aging Population And Rising Prevalence Of Cancer
3.1.2. Government Initiatives For Funding And Awareness About Cancer
3.1.3. Key Players Focusing On Strategic Decisions To Gain Market Share
3.1.4. Increasing Prevelance Of Cancer

3.2. Restraints

3.2.1. Stringent Reulations Imposed By International And Local Authorities
3.2.2. Shortage Of Skilled And Trained Professionals

3.3. Opportunities

Continue…

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