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Next-Generation Gynecological Cancer Diagnostics Market Size, Trends And Forecast To 2033

04-23-2024 06:31 AM CET | Health & Medicine

Press release from: The Business research company

Next-Generation Gynecological Cancer Diagnostics Market

Next-Generation Gynecological Cancer Diagnostics Market

The next-generation gynecological cancer diagnostics market size has grown rapidly in recent years. It will grow from $2.39 billion in 2023 to $2.68 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to advancements in genomic research, increased awareness and screening programs, rising incidence of gynecological cancers, improvements in biopsy techniques, clinical trials and research funding.

The next-generation gynecological cancer diagnostics market size is expected to see rapid growth in the next few years. It will grow to $4.07 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to precision medicine and targeted therapies, integration of artificial intelligence (ai), liquid biopsy adoption, expansion of point-of-care testing, widespread implementation of 3d imaging, rise of telemedicine in cancer care. Major trends in the forecast period include patient-centric diagnostics, comprehensive biomarker panels, integration of wearable devices, collaborations and consortia, advances in imaging modalities.

Market Overview -
Next-generation gynecological cancer diagnostics refer to advanced and innovative methods for the early detection, accurate diagnosis, and personalized treatment of any cancer that starts in a woman's reproductive organs. Gynecological cancer begins in distinct locations in a woman's pelvis, the region below the stomach, and between the hip bones.

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Surging Prevalence Of Gynecological Malignancies To Drive Market Growth
The rising prevalence of gynecological malignancies is expected to propel the growth of the next-generation gynecological cancer diagnostics market. Gynecological malignancies refer to cancers that occur in the reproductive organs of females, such as the cervix, uterus, ovaries, fallopian tubes, and vlva. The next-generation gynecological cancer diagnostics help reduce gynecological malignancies by allowing for earlier detection of cancerous cells, facilitating targeted treatments, and improving overall patient outcomes. For Instance, in February 2023, according to the National Cancer Institute, a US-based Department of Health and Human Services, around 13,960 American women are anticipated to have an aggressive cervical cancer diagnosis, and 4,310 fatalities from this illness are expected in 2023 in the US. Further, 7.7 per 100,000 women per year new cases of cervical cancer were diagnosed, with an annual death rate of 2.2 per 100,000 females. Therefore, the rising prevalence of gynecological malignancies is driving the growth of the next-generation gynecological cancer diagnostics market.

Competitive Landscape -
Major companies operating in the next-generation gynecological cancer diagnostics market report are F. Hoffmann-La Roche Ltd., AbbVie Inc., Novartis AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Janssen Global Services LLC, Siemens Healthcare GmbH, Agena Bioscience Inc., Koninklijke Philips N.V., Becton, Dickinson and Company, GE HealthCare Technologies Inc., Laboratory Corporation Of America Holdings, Quest Diagnostics Incorporated, Agilent Technologies Inc., Konica Minolta Inc., Hologic Inc., Illumina Inc., PerkinElmer Inc., Sysmex Corporation, Qiagen N.V., ARUP Laboratories, Almac Group, BGI Genomics Co Ltd, OPKO HEALTH Inc., BGI Genomics Co. Ltd., Myriad Genetics Inc., Fulgent Genetics Inc., Cepheid, Invitae Corporation, Centogene NV

Product Innovations Transforming The Next-Generation Gynecological Cancer Diagnostics Market

Major companies operating in the next-generation gynecological cancer diagnostics market are developing new products such as AI-enabled women's health ultrasound systems to gain a competitive edge in the market. An ultrasound system is a medical imaging device that utilizes high-frequency sound waves to create visual representations of the internal structures of the body. For instance, in February 2023, Samsung Electronics Co. Ltd., a South Korea-based consumer electronics company, launched the HERA W10 Elite, a new women's health ultrasound system that leverages artificial intelligence (AI)-aided tools and clinical applications for Obstetrics and Gynecology. The HERA W10 Elite provides advanced 2D and 3D visualizations of microcirculatory and slow blood. The ultrasound system features an Advanced MV-Flow feature, a larger organic light-emitting diode (OLED) display, and enhanced AI capabilities such as HeartAssist, ViewAssist, and BiometryAssist. Designed for greater diagnostic insight, the HERA W10 Elite aims to bring visionary change to the field of Obstetrics and Gynecology with sophisticated image processing and an ergonomic-friendly design.

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Key Segments -

The next-generation gynecological cancer diagnostics market covered in this report is segmented -

1) By Cancer Type: Cervical Cancer, Ovarian Cancer, Uterine Cancer, Vaginal Cancer, Vulv
ar Cancer
2) By Function: Therapeutic Monitoring, Companion Diagnostics, Prognostics, Cancer Screening, Risk Analysis
3) By Technology: Next-Generation Sequencing, qPCR And Multiplexing, Lab-on- a- chip (LOAC) And Reverse Transcriptase-PCR (RT-PCR), Protein Microarrays, DNA Microarrays
4) By Application: Biomarker Development, CTC Analysis, Proteomic Analysis, Epigenetic Analysis, Genetic Analysis
5) By End User: Hospitals and Ambulatory Centers, Diagnostic Laboratories, Academic and Research Institutes

Key highlights covered in the report -

1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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