Cancer Diagnostics Market to grow with 9.2% CAGR during 2031 to 2031

The global cancer diagnostics market size was USD 18.2 billion in 2021 and it is estimated to reach USD 43.7 billion by 2031, growing at a rate of 9.2% from 2022-2031.

Global Cancer Diagnostics report from Global Insight Services is the single authoritative source of intelligence on Cancer Diagnostics market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Cancer diagnostics is a method of identifying different diagnostics, proteins, and some signs that leads to the identification of the presence of a cancerous tumor. Efficient diagnostic testing is used to validate or rule out the existence of illness, monitor the progression of the disease, and schedule & review treatment outcomes. Diagnostic procedures for cancer may comprise imaging, tumor biopsy, laboratory tests (comprises tests for tumor diagnostics), endoscopic examination, surgery, or genetic testing.

Major Players in Global Cancer Diagnostics Market
The key players analyzed in the global cancer diagnostics market are GE Healthcare (US), Abbott Laboratories (US), Hologic Inc. (US), Agilent Technologies Inc.(US), Roche Diagnostics (Switzerland), FUJIFILM Corporation (Japan), Danaher Corporation (US), DiaSorin S.P.A. (Italy), Myriad Genetics Inc. (US), Siemens Healthineers AG (Germany), BD (US), bioMérieux SA (France), Bio-Rad Laboratories (US), Cancer Diagnostics Inc. (US), Vela Diagnostics (Singapore), Roche Diagnostics (Switzerland), AMOY Diagnostics CO. LTD. (China), Quidel Corporation (US), Bio SB (US), Biocartis NV (Belgium), Exact Science (US).

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Global Cancer Diagnostics Market Segmentation
The report analyses the cancer diagnostic market based on product, technology, application, end user, and region.

Global Cancer Diagnostics Market by Product
Based on product, it is segmented into consumables and instruments. The consumables segment is likely to dominate the market during the forecast period. The repeated purchase coupled with high consumption, and the high prevalence of diseases are the major factor boosting the growth of this segment.

Global Cancer Diagnostics Market by Technology
By technology, it is segmented into IVD testing, imaging, and biopsy technique. The IVD testing segment is likely to dominate the market in 2021. The key factors such as increasing incidences of cancers are boosting the growth of the market.

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This release was published on openPR.