Press release
Adrenal Cancer Diagnostics Global Market to Observe Highest Growth of $180.09 Billion with an Excellent CAGR of 6.4% by 2028 | GSK plc, AstraZeneca plc, Abbott Laboratories, Hologic Inc., PerkinElmer Inc.
"The Business Research Company recently released a comprehensive report on the Global Adrenal Cancer Diagnostics Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.According to The Business Research Company's, the adrenal cancer diagnostics market size has grown strongly in recent years. It will grow from Customise$130.84 billion in 2023 to $140.35 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increased incidence and awareness, genetic and molecular testing advances, biopsy techniques improvement, enhanced endocrine testing, integration of artificial intelligence (ai).
The adrenal cancer diagnostics market size is expected to see strong growth in the next few years. It will grow to $180.09 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. Customise The growth in the forecast period can be attributed to personalized medicine approaches, rise in minimally invasive procedures, telemedicine and remote consultations, liquid biopsy development, expanded genetic counseling services. Major trends in the forecast period include regulatory support for diagnostic innovations, digital pathology adoption, advancements in imaging technologies, liquid biopsy development, genomic profiling for precision medicine.
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Market Drivers and Trends:
The rising cigarette smoking is expected to propel the growth of the adrenal cancer diagnostics market going forward. Cigarette smoking refers to the act of inhaling and exhaling the fumes of burning tobacco, which contains nicotine, an addictive alkaloid that can have both stimulating and tranquilizing psychoactive effects. Cigarette smoking has been associated with an increased risk of adrenal cancer, including adrenal adenomas and adrenocortical carcinomas. The carcinogens in tobacco smoke can damage the DNA in adrenal cells, leading to mutations that can cause cancer. For instance, in July 2022, according to Statistics Canada, a Canada-based government agency, cigarette production increased by 5.8% compared to June 2021. Additionally, the total number of cigarettes sold rose 1.3% from May 2022, reaching 1.4 billion in June 2022. Therefore, the rising cigarette smoking is driving the growth of the adrenal cancer diagnostics market.
Major companies operating in the adrenal cancer diagnostics market are developing innovative products with advanced technologies such as the High-V MRI platform and DryCool technology to increase their profitability in the market. The high-V MRI platform combines the power of digitalization with a new field strength of 0.55T, resulting in excellent diagnostic quality for routine and new clinical applications, whereas DryCool technology is a virtually helium-free scanner that uses a closed-loop cooling system to cool the magnet. For instance, in November 2021, Siemens Healthcare GmbH, a Germany-based healthcare company, introduced a new MRI scanner called Magnetom Free.Star1 for adrenal cancer diagnostics. The scanner is designed to be cost-effective and easy to operate, and it is based on Siemens Healthineers' revolutionary High-V MRI platform and DryCool technology. It is expected to improve patient outcomes by enabling earlier and more accurate diagnosis of a wide range of medical conditions.
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Major Key Players of the Market:
Johnson And Johnson Pvt Ltd., F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific, GSK plc, AstraZeneca plc, Abbott Laboratories, Siemens Healthcare GmbH, Becton Dickinson and Company, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Agilent Technologies, Hologic Inc., PerkinElmer Inc., Illumina Inc., Roche Diagnostics, BioMerieux SA, Sysmex Corporation, Bio-Rad Laboratories Inc., Bruker Corporation, Exact Sciences Corp., Natera Inc., Invitae Corporation, Qiagen NV, Guardant Health Inc., Foundation Medicine Inc., NanoString Technologies Inc., TRS Technologies Inc., Morgan Advanced Materials, APC International Ltd., Annon Piezo Technology Co. LimitedCustomise
Adrenal Cancer Diagnostics Market 2024 Key Insights:
• The adrenal cancer diagnostics market is expected to grow to $180.09 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.
• CustomiseRising Cigarette Smoking Boost The Adrenal CancerCustomise
• CustomiseIncreasing Focus On Advanced Diagnostic Technological Products To Drive The RevenuesCustomise
• CustomiseNorth AmericaCustomise was the largest region in the adrenal cancer diagnostics market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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