Press release
Early Cancer Detection Market Size to rise at 13.8% CAGR through 2028 | Grail, Exact Sciences, Gaurdant Health, BGI Genomics
Exactitude Consultancy published the final copy of the detailed research report on the Early Cancer Detection Market. Global demand for Early Cancer Detection Market is predicted to increase at a CAGR of 13.8% from 2023 to 2028. It is expected to reach above USD 2,650 million by 2028 from a little above USD 909 million in 2019.The market research report for Early Cancer Detection is expertly written and comprehensively researched on the status of the market. This statistical surveying report provides the most recent industry data and forecasts, allowing you to identify the products and end users driving growth in revenue and benefit. It focuses on the actual promoters and restraints for the major players, as well as the current state of the challenges and future growth prospects. The study also highlights potential business opportunities in the Early Cancer Detection Market and examines how various factors may hinder or facilitate market analysis.
Asia Pacific region is witnessing the growth in market.
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Growth Drivers
Increasing incidence of cancer-> the incidence of cancer is rising worldwide, and raising survival rates requires early detection. As a consequence, the market for precise and efficient early cancer detection technologies is expanding.
Advancements in technology: Liquid biopsy, next-generation sequencing, and artificial intelligence (AI) are three recent technological advances that are advancing the creation of new and improved early cancer detection instruments. The detection of cancer biomarkers in blood, urine, and other bodily fluids can now be done more precisely and sensitively thanks to these tools.
Key Companies Profiled in Global Early Cancer Detection Market
Some of the major players of the Early Cancer Detection Market are Grail (Illumina) LLC., Exact Sciences, Gaurdant Health, BGI Genomics, Epigenomics AG, Genetron Health, Berry Genomics, New Horizon Health, and Others.
This report includes changes in customer requirements, customer preferences, and the vendor landscape in the industry with key factors that are expected to influence the overall dynamics of the Early Cancer Detection Market including the current trends, growth opportunities, restraints, and market drivers.
Recent Developments
Grail, a company developing blood tests for early cancer detection, has announced plans to go public through a merger with a special purpose acquisition company (SPAC). The deal values Grail at $8 billion and is expected to provide funding for the company's continued development and commercialization efforts.
Freenome, another company focused on early cancer detection through blood tests, has announced the completion of a $270 million funding round. The company plans to use the funds to advance its technology and expand its clinical trials.
Key Segments Covered in Early Cancer Detection Industry Report
Early Cancer Detection Market By Type, 2023-2028, (IN USD Million)
CTC
CtDNA
Exosomes
Blood Proteomics
Others
Early Cancer Detection Market By Application, 2023-2028, (IN USD Million)
Hospitals
Diagnostic Laboratories
Clinics
Others
Major Points from Table of Contents
Global Early Cancer Detection Market Research Report 2023, through Manufacturers, Regions, Types and Applications
1 Introduction
1.1 Objective of the Study
1.2 Definition of the Market
1.3 Market Scope
1.3.1 Market Segment through Type, Application and Marketing Channel
1.3.2 Major Regions Covered (North America, Europe, Asia Pacific, Mid East and Africa)
1.4 Years Considered for the Study (2023-2028)
1.5 Currency Considered (U.S. Dollar)
1.6 Stakeholders
2 Key Findings of the Study
3 Market Dynamics
3.1 Driving Factors for this Market
3.2 Factors Challenging the Market
3.3 Opportunities of the Global Early Cancer Detection Market (Regions, Growing/Emerging Downstream Market Analysis)
3.4 Technological and Market Developments with inside the Early Cancer Detection Market
3.5 Industry News through Region
3.6 Regulatory Scenario through Region/Country
3.7 Market Investment Scenario Strategic Recommendations Analysis
4 Value Chain of the Early Cancer Detection Market
4.1 Value Chain Status
4.2 Upstream Raw Material Analysis
4.3 Midstream Major Company Analysis (through Manufacturing Base, through Product Type)
4.4 Distributors/Traders
4.5 Downstream Major Customer Analysis (through Region)
5 Global Early Cancer Detection Market-Segmentation through Type
6 Global Early Cancer Detection Market-Segmentation through Application
7 Global Early Cancer Detection Market-Segmentation through Marketing Channel
7.1 Traditional Marketing Channel (Offline)
7.2 Online Channel
8 Competitive Intelligence Company Profiles
9 Global Early Cancer Detection Market-Segmentation through Geography
10 Future Forecast of the Global Early Cancer Detection Market from 2023-2028
10.1 Future Forecast of the Global Early Cancer Detection Market from 2023-2028 Segment through Region
10.2 Global Early Cancer Detection Production and Growth Rate Forecast through Type (2023-2028)
10.3 Global Early Cancer Detection Consumption and Growth Rate Forecast through Application (2023-2028)
11 Appendix
11.1 Methodology
12 Research Data Source
Continued....
By Region segment of the Global Early Cancer Detection Market is sub-segmented into:
North America
The U.S.
Canada
Europe
The UK
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of Asia Pacific
Latin America, Middle East & Africa (LAMEA)
Latin America
MEA
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