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Cancer Diagnostics Market Revenue, Insights, Overview, Outlook, Analysis Report 2032
Cancer Diagnostics Global Market
The Business Research Company's Cancer Diagnostics Global Market Report 2023 identifies high prevalence rate of various types of cancers as the major driver for the Cancer Diagnostics market's growth in the forecast period. This is because the increasing incidences of various types of cancers are leading to a greater number of people opting for diagnosis and treatment. In addition, according to the World Health Organization (WHO), cancer was the second-leading cause of death worldwide.
The global cancer diagnostics market size will grow from $19.18 billion in 2022 to $21.38 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global cancer diagnostics market size is expected to grow to $33.13 billion in 2027 at a CAGR of 11.6%.
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Major competitors in the Cancer Diagnostics market are Abbott, Becton Dickinson and Company, Hoffmann-La Roche Ltd., GE Healthcare Ltd., Thermo Fisher Scientific, Siemens Healthcare GmbH, Accuray, Illumina, Elekta AB, and C.R. BardInc.
A key trend in the Cancer Diagnostics Market includes AI-based cancer detection system. AI helps in improving the accuracy of image detection in diagnostic processes such as breast cancer and lung cancer diagnostics, by detecting the cancers in early stages. AI also reduces the instances of false positives in lung cancer screening, thus, improving lung cancer detection accuracy.
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The Cancer Diagnostics market is segmented -
1) By Products: Companion Diagnostics, Molecular Diagnostics
2) By End-User: Cancer Research Institutes, Diagnostic Laboratories, Hospitals, Other End Users
3) By Method: Biopsy, Endoscopy, Tumor Biomarker Tests, Imaging
4) By Application: Cervical Cancer, Breast Cancer, Liver Cancer, Blood Cancer, Kidney Cancer, Colorectal Cancer, Pancreatic Cancer, Ovarian Cancer, Melanoma, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Cancer Diagnostics market.
The Business Research Company's "Global Cancer Diagnostics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Cancer Diagnostics Market Include:
1. Executive Summary
2. Cancer Diagnostics Market Characteristics
3. Cancer Diagnostics Market Trends And Strategies
4. Cancer Diagnostics Market - Macro Economic Scenario
5. Cancer Diagnostics Market Size And Growth
……
27. Cancer Diagnostics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cancer Diagnostics Market
29. Cancer Diagnostics Market Future Outlook and Potential Analysis
30. Appendix
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