Learn Details Of The Oesophageal Cancer Diagnostics Market: Industry Analysis By 2019 – 2029

Oesophagus is the tube like structure which extends from the throat to stomach helping in moving food and other edible things to reach from mouth to stomach. Cancer is one of the leading cause of the death across the world and impregnable nature of late stage cancers of all types due to various impediments such as late stage diagnosis, unavailability of desired treatment options, high cost burden of treatment, etc. further makes it more life threatening.

According to American Cancer Society, around 17,650 new cases of oesophageal cancer diagnosed in the United States in 2017 and around 16,080 deaths occurred in same year due to oesophageal cancer.

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The lifetime risk of the oesophageal cancer is even more in the United States, i.e. 1 in 132 men and 1 in 455 women which represents significant population at the risk of developing oesophageal cancer.

Increasing prevalence of the oesophageal cancer expected to drive the growth of the oesophageal cancer diagnostics market. Increasing awareness about the symptoms and risk factors of oesophageal cancer across the world resulting in improved early diagnosis rate, further driving the growth of the oesophageal cancer diagnostics market.

Widespread availability of various oesophageal cancer diagnostics approaches with increased number of the skilled healthcare professionals results in improved patient compliance driving the growth of the oesophageal cancer diagnostics market.

Hence wide range of oesophageal cancer diagnostics methods makes the diagnosis easier and less time consuming driving the growth of the oesophageal cancer diagnostics market. Whereas, low diagnosis rate in various developing and underdeveloped countries may hamper the growth of the oesophageal cancer diagnostics market.

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Market Segmentation:

By test type

Molecular Diagnostics
PD-L1 and Microsatellite Instability (MSI) Testing
HER2 Testing
Imaging Testing
Computed Tomography Scan
Positron Emission Tomography (PET) Scan
Magnetic Resonance Imaging
Others

By end user

Hospitals
Diagnostic Laboratories

The global oesophageal cancer diagnostics market is expected to be dominated by North America due to higher prevalence of the oesophageal cancer in the region. Latin America oesophageal cancer diagnostics market is expected to increase with gradual pace owing to improving diagnosis rate in the region.

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Europe is expected to be second most lucrative region in the global oesophageal cancer diagnostics market attributing to higher number of diagnostic tests carried out in the region.

Asia-Pacific is the fastest growing region in the global oesophageal cancer diagnostics market due to rapidly improving healthcare infrastructure in countries such as India and China which expected to result in increased number of skilled professionals in the region. Middle East & Africa is expected to be the least lucrative oesophageal cancer diagnostics market due to least product adoption.

The key participants operating in the global oesophageal cancer diagnostics market are: Cernostics, CDx Diagnostics, Inc., Creative Diagnostics, NeoGenomics Laboratories, Inc., BioIVT, Advanced Cell Diagnostics Inc. and others.

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This release was published on openPR.