Press release
Population Screening Market Size, Growth Drivers, Trends And Analysis 2024-2033
Population Screening Market
The population screening market size is expected to see strong growth in the next few years. It will grow to $37.93 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to shift towards personalized medicine, aging population and chronic diseases, integration of ai and data analytics, expansion of screening access. Major trends in the forecast period include advancements in medical technology, genomics and precision screening, telehealth and remote screening, multi-disease screening panels, health equity and accessibility, .
Market Overview -
Population screening is a process of assessing the prevalence of a particular trait or disease in the entire population or a subgroup of people. The goal of population screening is to accurately predict which individuals in a group are at risk of developing a disease, which is different from diagnostic testing.
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The Surge Of Population Screening In Addressing The Growing Cancer Burden
The rising prevalence of cancer is expected to propel the growth of the population screening market going forward. Cancer is a condition in which specific cells in the human body develop inappropriately and spread to other parts of the human organism. Population screening can help detect cancer early when it is more treatable and has a better prognosis. For instance, according to the American Cancer Society, a US-based voluntary health organization, around 1.96 million new cancer cases are expected to be diagnosed in the US in 2023, an increase from approximately 1.9 million new cases that occurred in 2021. Therefore, the rising prevalence of cancer is driving the growth of the population screening market.
Competitive Landscape -
Major companies operating in the population screening market report are F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Abbott Laboratories, Siemens Healthineers AG, Quest Diagnostics Incorporated, Eurofins Scientific SE, Agilent Technologies Inc., Sonic Healthcare Limited, Illumina Inc., SYNLAB International GmbH, Quidel Corporation, Bio-Rad Laboratories Inc., Unilabs, Qiagen N.V., Exact Sciences Corporation, ARUP Laboratories Inc., LGC Limited, OPKO Health Inc., Natera Inc., Cerba HealthCare S.A.S, Invitae Corp, Amedes Holding GmbH, Grail, Luminex Corporation, Novogene Co. Ltd., Trinity Biotech, Gene by Gene Ltd., Innova Medical Group Inc., Evoq Technologies LLC, LabPLUS
The Technological Renaissance In Population Screening Markets
Technological advancements are the key trend gaining popularity in the population screening market. Major companies operating in the population screening market are adopting new technologies to sustain their position in the market. For instance, in May 2021, Evoq Technologies LLC, a US-based company developing innovative technologies for healthcare and biotechnology research, launched SmartERG, the first phone-based retinal health testing platform. This device works to gather data about retinal health by flashing a regulated light at the eye and collecting an electrical and physiological response from the retina. Based on a delay or reduction in visual responses, it can identify retinal diseases that may develop to cause vision loss or blindness. It provides cloud services with strong AI (artificial intelligence) and machine learning support, easy patient-provider linkages, and ophthalmic care.
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Key Segments -
The population screening market covered in this report is segmented -
1) By Product: Hardware Equipment, Testing Or Lab, Analytics Or Interpretation
2) By Gender: Male, Female
3) By Age: Ages Less Than 15, 15-65, Ages 65 And Above
4) By Business: Hospitals, Research Institutes, Diagnostic Labs
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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