Press release
Cancer Diagnostics Market May See a Big Move | BD, Abbott, GE Healthcare, Roche Diagnostics, Thermo Fisher Scientific
Cancer Diagnostics Market
The investigation acknowledges accurate and precise revenue data for major segments of Cancer Diagnostics market with key insights on competitive landscape, current market developments such as mergers, acquisitions, joint ventures, technology advancements. Some of the key players profiled in the study are BD, Abbott, GE Healthcare, Roche Diagnostics, Thermo Fisher Scientific, Janssen Diagnostics, Illumina, Inc., C.R. Bard, Inc., Siemens Healthineers, Agilent Technologies, Inc., and, Inc. among others
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Market Size:
According to the report, global demand for cancer diagnostics market was valued at approximately USD 107.23 Billion in 2019 and is expected to generate revenue of around USD 189.82 Billion by end of 2027, growing at a CAGR of around 7.4% between 2020 and 2027.
Market Overview:
Cancer is abnormal and uncontrolled growth of cells due to cellular changes. The cellular changes cause uncontrollable cell division leading to formation of tumor, damage to the immune system or other damages that may be fatal. Body's cells have fixed lifespan and specific function. Cell growth and death is controlled by specific signaling pathways. Cell apoptosis is a natural phenomenon wherein cells receive signals for cell death so that body can replace with newer cells that function better. The cancerous cells either lack components of cell signaling pathway or their function is impaired.
Global demand for cancer diagnostics market is mainly driven by increasing prevalence of cancer across the globe, increasing awareness, increasing number of diagnostic laboratories and healthcare infrastructure improvement in developing regions. Additionally, government initiatives to create awareness, increasing research and development spending to develop efficient and advanced diagnostic kits or tools and favorable government funding are some other factors that help propel the market growth. The factors that may restrain the market growth are huge capital investment for imaging systems, high risk of radiation exposure and lack of skilled professionals.
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Cancer Diagnostics Market Segmentation:
By Test Type
Tumor Biomarkers Tests
Imaging
Ultrasound and Radiology
Mammography
MRI Scan
PET Scan
CT Scan
SPECT
Others
Liquid biopsy
Biopsy
Immunohistochemistry
In situ hybridization
Other Test Types
By Application
Breast Cancer
Colorectal Cancer
Cervical Cancer
Lung Cancer
Prostate Cancer
Skin Cancer
Blood Cancer
Other Applications
By End User
Hospitals
Diagnostic Laboratories
Cancer Research Institutes
Other End Users
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Regional Analysis:
North America held largest revenue share of the global cancer diagnostics market in 2019. This large share is attributed to presence of developed health infrastructure, matured market place in terms of technology adoption, availability of favorable reimbursement policies, increasing cancer prevalence and growing health awareness. Europe was second largest regional market. Continuous investments to bring advanced and novel technologies, increasing cancer prevalence, increasing aging population and swift adoption of technologically advanced solutions to comply with regulatory requirements, favorable government grants for research and development are factors that attribute to the market growth in this region.
Asia Pacific region is estimated to be highly growing regional market for cancer diagnostics due to increasing aging population, sedentary lifestyle adoption leading to increasing cancer prevalence, increasing disposable income, and increasing health spending in emerging markets like China and India. Moderate growth is estimated in Latin America and Middle East and Africa region during the forecast period.
Major players in cancer diagnostics market are BD, Abbott, GE Healthcare, Roche Diagnostics, Thermo Fisher Scientific, Janssen Diagnostics, Illumina, Inc., C.R. Bard, Inc., Siemens Healthineers, Agilent Technologies, Inc., and, Inc. among others.
Table of Contents
Report Overview: It covers chapters including global market research scope, detailed research methodology, key objectives of the study, market segmentation analysis and historic and forecast years considered.
Global Market Dynamics & Trend Analysis: In this section detailed analysis about market growth factors, drivers, restraints, opportunities, challenges are analyzed along with industry trend analysis, SWOT and PESTLE analysis.
Competitive Landscape and Market Share Analysis: In this section market competition trend is studies with market share analysis of major manufacturers operating in the market. Also detailed strategic market developments are included such as business expansion plans, mergers, acquisitions, collaborations, joint ventures, headquarters distribution and areas served.
Market Size by Segments: This section includes market size and forecast analysis by key market segments at global, regional and country level along with market shares.
Company Profiles of Key Players: In this section company profiles of major manufacturers operating in the global Cancer Diagnostics Market with detailed insights on company overview, financial highlight, company business and growth strategy and recent market developments.
Premium Market Insights: This section covers premium market insights from top industry experts along with geographical scenario and forecast trend analysis in the market.
Regional Analysis: This section includes market size and forecast analysis by key regions and countries for each market segment.
Browse More Detail Information our Market Analysis @ https://www.reportcrux.com/summary/2884/Cancer-Diagnostics-Market
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Report Crux is a global market intelligence aggregator and publisher of market research reports, business information reports, economic and equity reports. We cater a diverse range of industrial sectors along with niche domains and sub-domains within the industry. We offer exclusive blend of cutting-edge market insights for the critical business needs. We have an experienced/professional team of researchers, analysts and consultants that are engaged in gathering and analyzing business information to offer best in class industry report for competitive business needs.
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