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Thyroid Cancer Diagnostics Market Size, Share Analysis, Growth And Industry Forecast To 2032
Thyroid Cancer Diagnostics Market Report
The Business Research Company's Thyroid Cancer Diagnostics Global Market Report 2023 identifies the increasing prevalence of thyroid cancer as the major driver for the thyroid cancer diagnostics market's growth in the forecast period. Thyroid cancer is a disease in the thyroid gland (a gland near the base of the throat that produces hormones to help regulate body temperature, heart rate, blood pressure, and weight). Thyroid cancer diagnostics help to discover thyroid cancer by providing early detection that can help improve treatment outcomes. Thus, the increasing prevalence of thyroid cancer increases the demand for the diagnostic market.
The global thyroid cancer diagnostics market size is expected to grow from $2.62 billion in 2022 to $2.79 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. 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 thyroid cancer diagnostics market is expected to reach $3.48 billion in 2027 at a CAGR of 5.7%.
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Major competitors in the thyroid cancer diagnostics market are Pfizer Inc., General Electric, F. Hoffmann-La Roche AG, Bayer AG, Novartis International AG.
A key trend in the thyroid cancer diagnostics market includes product innovation. Companies operating in the thyroid cancer diagnostic market are working on new product innovations to sustain their position in the market. For instance, in May 2020, Eli Lilly and Company introduced Retevmo (selpercatinib, 40 mg, and 80 mg capsules), approved by the U.S. Food and Drug Administration (FDA), a US-based government agency. This is the first therapy for patients with advanced RET-driven lung and thyroid cancers who require systemic therapy.
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The thyroid cancer diagnostics market is segmented -
•By Technique Type: Imaging Test, Blood Test, Biopsy, Other Test Type
•By Disease Type: Papillary Carcinoma, Follicular Carcinoma, Other Diseases
•By End-User: Hospital Laboratories, Cancer Diagnostic Centers, Research Institutes, Other End-Users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the thyroid cancer diagnostics market.
The Business Research Company's "Global Thyroid 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 Thyroid Cancer Diagnostics Market Include:
1. Executive Summary
2. Thyroid Cancer Diagnostics Market Characteristics
3. Thyroid Cancer Diagnostics Market Trends And Strategies
4. Thyroid Cancer Diagnostics Market - Macro Economic Scenario
5. Global Thyroid Cancer Diagnostics Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Thyroid Cancer Diagnostics Market Competitive Benchmarking
33. Global Thyroid Cancer Diagnostics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Thyroid Cancer Diagnostics Market
35. Thyroid Cancer Diagnostics Market Future Outlook and Potential Analysis
36. Appendix
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