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Colorectal Cancer Screening Market 2020 Research and Clinical Analysis - Abbott Laboratories, Epigenomics Inc., Exact Sciences Corporation, F. Hoffmann-La Roche AG

05-08-2020 07:53 AM CET | Health & Medicine

Press release from: Market Insights Reports

Colorectal Cancer Screening Market

Colorectal Cancer Screening Market

Colorectal Cancer Screening Market - Growth, Trends And Forecast (2020 - 2024)

Colorectal cancer (CRC) is known as bowel cancer and colon cancer. It is the development of cancer from the colon or rectum. Colorectal cancer (CRC) screening tests use kits and various medical devices for diagnosing cancer. The market is segmented by screening tests, end user, and geography.

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Top Companies in the Global Colorectal Cancer Screening Market:

Abbott Laboratories, Clinical Genomics Technologies Pty Ltd, Epigenomics Inc., Exact Sciences Corporation, F. Hoffmann-La Roche AG, Hemosure Inc., Novigenix SA, Quidel Corporation, Siemens Healthcare Private Limited, Sysmex Corporation among others.

Market Overview:

The major factors for the growth of the colorectal cancer screening market include the advent of efficacious genetic tests, an increase in the prevalence of colorectal cancer, and increasing cancer prevention initiatives.

Most of the Colorectal Cancer (CRC) cases exhibit familial clustering, which means that tens of thousands of individuals have a disease with a potentially definable genetic component. The risk of CRC is higher in people with a strong family history of colorectal cancer, i.e., inherited colon cancer syndromes. The genetic tests developed for colon cancer include hereditary nonpolypsis colon cancer (HNPCC) test, familial adenomatous polyposis (FAP) test, etc. Genetic testing for colon cancer creates better opportunities for early diagnosis. For instance, the most common genetic changes related to colon cancer are familial adenomatous polyposis (FAP) and hereditary non-polyposis colorectal cancer (HNPCC). These genetic changes could be identified at a very early age, less than 40 years through genetic testing. If these medical screenings are employed, the number of colon cancer cases found in the early stages may increase. Also, gene therapies to alter these mutations are likely to be developed. According to a research article published in 2017, colon cancer incidence and mortality are declining over the past decade, owing to the adoption of effective screening methods, like Fecal DNA test and Blood DNA test. The increasing awareness about genetic screening methods and advantages for undergoing these tests (not only for early detection and treatment, but also for the removal of precancerous cells, which are much cheaper than the usual run of chemotherapy) are driving the colorectal cancer screening market.

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Key Market Trends:

Guaiac Fecal Occult Blood Test (gFOBT) is Expected to be the Fastest Growing Segment

The guaiac fecal occult blood test (gFOBT) is one of the several methods that is used to detect colorectal cancer. The test involves the detection of hidden blood in the feces, and identifies the presence of cancer cells or tumours in the colon or rectum. The test involves placing a small sample of stool on specially guaiac coated cards, and then sent to a laboratory for testing. Upon putting a testing solution on the cards, the guaiac causes the stool sample to change colour. The colour changes very quickly if there is blood in the stool. Presence of blood in the stool may be a sign of colorectal cancer or other problems, such as polyps, ulcers, or hemorrhoids. As per the American College of Gastroenterology (ACG), the procedural volumes for colorectal (CRC) screening with gFOBT have decreased modestly. However, the factors that are driving the market are its ease of availability, low cost, and coverage in the insurance, along with being sold as over-the-counter. Also, with product innovation, the method has become reliable. The growth of the market is mainly attributed to the ease of availability and low cost of the products.

Browse the Full report description and TOC at:

https://www.marketinsightsreports.com/reports/08071391924/colorectal-cancer-screening-market-growth-trends-and-forecast-2019-2024?Source=openpr&Mode=R15

Influence Of The Colorectal Cancer Screening Market Report:

-Comprehensive assessment of all opportunities and risk in the Colorectal Cancer Screening market.

-Colorectal Cancer Screening market recent innovations and major events.

-Detailed study of business strategies for growth of the Colorectal Cancer Screening market-leading players.

-Conclusive study about the growth plot of Colorectal Cancer Screening market for forthcoming years.

-In-depth understanding of Colorectal Cancer Screening market-particular drivers, constraints and major micro markets.

-Favourable impression inside vital market latest trends striking the Colorectal Cancer Screening market.

Recent Developments:

Colorectal cancer is the second most common cause of cancer deaths in the United States and many deaths could be prevented. The American Cancer Society recommends that colorectal cancer (CRC) screening start at 50 years of age for average risk individuals. The goal of screening is to detect both cancers and premalignant polyps (adenomas), which are precursors to cancer.

Virtual colonoscopy, also known as computed tomography colonography (CTC), is a low radiation dose CT scan of the cleansed and gas-distended colon designed to detect polyps and masses. It has some advantages over conventional optical colonoscopy in that it is minimally invasive (only a small tube is used to insufflate the colon with carbon dioxide gas or room air), it does not require sedation (thus it can be performed in an outpatient setting in only a few minutes and patients can return to work the same day - as did President Obama when he underwent a virtual colonoscopy[1]) and can be done even following an incomplete optical colonoscopy.

Finally, Colorectal Cancer Screening Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Colorectal Cancer Screening industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

Browse Related Reports:

Cancer Screening Market:

https://www.marketinsightsreports.com/reports/1126994521/global-cancer-screening-market-size-status-and-forecast-2018-2025?Source=openpr&Mode=R15

Breast Cancer Screening Market:

https://www.marketinsightsreports.com/reports/03201155886/global-breast-cancer-screening-market-insights-forecast-to-2025?Source=openpr&Mode=R15

How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact Us:
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

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