Global Demand for Cancer Diagnostics To Surpass USD 43.7 billion by 2031 - GE Healthcare, Abbott Laboratories, Hologic Inc, Agilent Technologies Inc

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.

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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.

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Market Trends and Drivers

The key factor boosting the growth of the market is the growth in the number of private diagnostic centers. The number of private diagnostic centers is increasing across the world as there is a rising demand for diagnostic imaging procedures and a growing burden on public hospitals owing to the limited number of imaging modalities at their disposal.

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Market Segments

By Product

Consumables
Instruments
By Technology

IVD Testing
Imaging
Biopsy Technique
By Application

Breast Cancer
Lung Cancer
Colorectal Cancer
Melanoma
Other Cancers
By End User

Hospitals
Diagnostic Laboratories

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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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