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Gastric Cancer Diagnostic Procedure Market Dynamic Growth Factors, Industry Share, Drivers And Forecast To 2032
Gastric Cancer Diagnostic Procedure Market Analysis
The Business Research Company's Gastric Cancer Diagnostic Procedure Global Market Report 2023 identifies increasing prevalence of gastrointestinal diseases as the major driver for the gastric cancer diagnostic procedure market's growth in the forecast period. Gastrointestinal disorders refer to illnesses affecting the digestive system's many sections and the supporting organs, including the liver and pancreas. A gastric cancer diagnostic procedure is used to treat stomach cancer which treats gastric cancer such as endoscopic and biopsy. Hence, the growing incidence of gastrointestinal diseases is fueling the expansion of the gastric cancer diagnostic procedure market.
The global gastric cancer diagnostics procedure market size is expected to grow from $1.22 billion in 2022 to $1.32 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 size of gastric cancer diagnostics procedure market is expected to reach $1.75 billion in 2027 at a CAGR of 7.2%.
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Major competitors in the gastric cancer diagnostic procedure market are Pfizer Inc., Johnson & Johnson Co, F. Hoffmann La Roche Ltd., Merck & Co. Inc., Bayer AG, Novartis AG, Bristol-Myers Squibb Company.
A key trend in the gastric cancer diagnostic procedure market includes technological advancement. Major companies operating in the gastric cancer diagnostic market are adopting new technologies to sustain their position in the market. For instance, in June 2022, Ibex Medical Analytics, an Israel-based AI-powered diagnostics provider for health organizations, launched Galen Gastric, the world's first AI-powered solution for gastric cancer detection. Galen Gastric is an integrated diagnostic tool that helps pathologists identify stomach cancer, H. pylori, and other significant clinical findings while also facilitating quicker turnaround times and improved diagnostic workflows.
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The gastric cancer diagnostic procedure market is segmented -
1) By Procedure Type: Endoscopic Procedure, Biopsy, Tissue tests, Lab tests, In-vitro Diagnostic Tests, Imaging Tests, Molecular Diagnostics, Multiplexing Molecular Diagnostics, Immunoassays, Other Procedure Types
2) By Symptom Type: Symptomatic, Asymptomatic
3) By Offering Type: Instruments, Reagents and Consumables, Services
4) By Body Fluid Type: Blood, Urine, Saliva, Stomach Juice, Tissue, Other Body Fluid
5) By Disease Indication: Early Gastric Cancer, Advanced Gastric Cancer
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the gastric cancer diagnostic procedure market.
The Business Research Company's "Global Gastric Cancer Diagnostic Procedure 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 Gastric Cancer Diagnostic Procedure Market Include:
1. Executive Summary
2. Gastric Cancer Diagnostic Procedure Market Characteristics
3. Gastric Cancer Diagnostic Procedure Market Trends And Strategies
4. Gastric Cancer Diagnostic Procedure Market - Macro Economic Scenario
…….
32. Global Gastric Cancer Diagnostic Procedure Market Competitive Benchmarking
33. Global Gastric Cancer Diagnostic Procedure Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Gastric Cancer Diagnostic Procedure Market
35. Gastric Cancer Diagnostic Procedure Market Future Outlook and Potential Analysis
36. Appendix
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