Cancer Diagnostics Market to Grow at a Surprising Growth of USD 28.21 Billion by 2029

Cancer has a significant impact on society all over the world. It is one of the leading causes of death worldwide, with a higher prevalence in developed and emerging markets. The alarming rate of rising cancer prevalence compels healthcare providers to reconsider cancer treatment goals and shift their focus to prevention. Cancer diagnostics that are not only specific and sensitive, but also capable of detecting cancer in its early stages would be required.

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Data Bridge Market Research analyses that the cancer diagnostics market is expected to reach the value of USD 28.21 billion by the year 2029, at a CAGR of 7.29% during the forecast period. The rise in the Cancer cases provides growth opportunities to the market.

Market Definition

Cancer diagnostics is the process of detecting various biomarkers, proteins, and symptoms that lead to the presence of a cancerous tumour in patients. The detection of specific biomarkers and proteins that are common in cancer disorders leads to the diagnosis process. The process of detecting cancer includes the use of specific technology and devices used in its diagnosis.

The cancer diagnostics market is analysed and market size insights and trends are provided by country, type, application and end users as referenced above.

The countries covered in the cancer diagnostics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the cancer diagnostics market due to the increasing presence of numerous biotechnology and medical device companies, increased funding available for research and development projects, and the region's high adoption of advanced technologies. Due to rising favourable government policies supporting the growth of the manufacturing industry, as well as lower manufacturing costs in this region, Asia-Pacific is expected to be the fastest growing region in terms of cancer diagnostics market growth.

The cancer diagnostics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cancer diagnostics market.

Some of the major players operating in the cancer diagnostics market are

Abbott. (US)
DiagnoCure Inc. (Canada)
Thermo Fisher Scientific Inc. (US)
Illumina, Inc. (US)
QIAGEN (Germany)
F. Hoffmann-La Roche Ltd (Switzerland)
Agilent Technologies, Inc. (US)
Quest Diagnostics Incorporated. (US)
Merck KGaA, (Germany)
Hologic, Inc. (US)
BD. (US)
GlaxoSmithKline plc. (UK)
Novartis AG (Switzerland)
Bristol-Myers Squibb Company (US)
Eli Lilly and Company (US)
Pfizer, Inc. (US)
Genomic Health, Inc. (US)
bioMérieux SA (France)
Astellas Pharma Inc. (Japan)
Myriad Genetics, Inc. (US)

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