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Cancer Diagnostics Market Industry Insights |Key Players: Hologic, Inc., Alere Inc., QIAGEN, Agilent Technologies, BD, bioMérieux, Bio-Rad Laboratories, Siemens Healthineers, Danaher Corporation
Cancer Diagnostics Market
Cancer research institutes segment will experience considerable growth over the forecast timeframe. Growing demand for rapid, user friendly cancer diagnostic kits has stimulated growth in R&D investment by government as well as market players. Numerous industry players partner with cancer research institutes to strengthen its R&D, assisting in new product development.
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Increasing R&D funding for developing advanced cancer diagnostic and therapeutic products to control disease prevalence coupled with growing disease awareness will fuel business growth. However, high cost associated with cancer diagnostic tests will hinder the market growth over the forecast timeframe.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Siemens Healthineers
• Agilent Technologies
• BD
• bioMérieux
• Bio-Rad Laboratories
• Hologic, Inc.
• Danaher Corporation
• QIAGEN
• Alere Inc.
• Janssen Diagnostics
• Myriad Genetics
• Biocartis
• Sysmex Corporation
• Cancer Genetics, Inc.
• Kalila Medical
• Biocare Medical
U.S. dominated cancer diagnostics market in 2016 and is expected to grow with more than 8.0% CAGR. Growing geriatric population, high cancer prevalence rate, and rising awareness about early disease diagnosis and prevention will drive U.S. market. Growing healthcare expenditure by government as well as individual coupled with favourable reimbursement policies will positively impact market growth.
Germany market will witness lucrative growth over the forecast timeframe. Well-developed healthcare infrastructure, increasing number of people suffering from cancer and growing disease awareness will drive market size growth. Rise in R&D expenditure in Germany to develop new rapid and accurate cancer screening and treatment products will favour industry growth.
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Breast cancer segment is estimated to witness significant growth during the forecast period. Rising incidences of breast cancer, growing disease awareness and early detection coupled with favourable government initiatives to reduce disease incidences will drive market growth. Favourable reimbursement policies related with breast cancer screening and treatment will fuel industry growth.
Cancer Diagnostics Market by Application
• Tumor Biomarkers Tests
• Imaging
• Ultrasound and radiology
• Mammography
• MRI scan
• PET scan
• CT scan
• SPECT & others
• Biopsy
• Liquid biopsy
• Immunohistochemistry
• In Situ hybridization
Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.
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