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Gastric Cancer Diagnostic Procedure Market: Unprecedented Growth, Key Drivers, and Market Projections for 2024-2029
Gastric Cancer Diagnostic Procedure Market
What Is The Projected Market Size Of The Global Gastric Cancer Diagnostic Procedure Market And Its Growth Rate?
- The gastric cancer diagnostic procedure market has seen significant growth in recent years. The market size is projected to grow from $1.44 billion in 2024 to $1.54 billion in 2025, reflecting a CAGR of 7.3%. This growth can be traced back to advancements in biopsy techniques, increased research funding, the evolution of biomarker discovery, improved pathological analysis, and changes in screening guidelines.
- The market size is expected to continue its robust growth, increasing to $2.07 billion in 2029 with a CAGR of 7.6%. This growth in the forecast period will be facilitated by the rise in point-of-care testing, the introduction of novel biomarkers, the shift towards personalized medicine, the adoption of next-generation sequencing, enhanced endoscopic imaging modalities, among others.
What Is Driving The Growth In The Gastric Cancer Diagnostic Procedure Market?
The growth of the gastric cancer diagnostic procedure market is primarily driven by the increasing prevalence of gastrointestinal diseases. These diseases encompass conditions affecting various sections of the digestive system and its supporting organs, including the liver and pancreas. Gastric cancer diagnostic procedures, such as endoscopic and biopsy, are necessary for treating stomach cancer. The escalating incidence of gastrointestinal diseases is therefore fueling the market's expansion. A study by the GI Associates & Endoscopy Center in 2022, which included 73,076 individuals from 33 countries, revealed that 40% of the subjects had a functional gastrointestinal disease, indicating its widespread prevalence. Hence, this increasing prevalence of gastrointestinal diseases is significantly contributing to the growth of the gastric cancer diagnostic procedure market.
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Who Are the Key Players Driving Gastric Cancer Diagnostic Procedure Market Growth?
- Pfizer Inc.
- Johnson & Johnson Co
- F. Hoffmann La Roche Ltd.
- Merck & Co. Inc.
- Bayer AG
- Novartis AG
- Bristol-Myers Squibb Company
- Thermo Fisher Scientific Inc.
- AstraZeneca plc
- Abbott Laboratories Inc.
- Sanofi SA
- Eli Lilly and Company
- Otsuka Pharmaceutical Co Ltd.
- AdventHealth
- Atrium Health
- Astellas Pharma Inc
- Bausch Health Companies Inc.
- Agilent Technologies Inc.
- Ipsen Pharma
- Hartford HealthCare
- Myriad Genetics Inc.
- NovoCure Limited
- Foundation Medicine Inc.
- Biocept Inc.
What Are The Key Trends In The Gastric Cancer Diagnostic Procedure Market?
- Rise in point-of-care testing
- Introduction of novel biomarkers
- Shift towards personalized medicine
- Adoption of next-generation sequencing
- Enhanced endoscopic imaging modalities
- Integration of nanotechnology
- Adoption of big data analytics
- Application of microbiota analysis
- Increased patient-centric approaches
- Role of telehealth in diagnostics
What Are The Segments Of The Global Gastric Cancer Diagnostic Procedure Market?
- 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
- By Symptom Type: Symptomatic, Asymptomatic
- By Offering Type: Instruments, Reagents And Consumables, Services
- By Body Fluid Type: Blood, Urine, Saliva, Stomach Juice, Tissue, Other Body Fluid
- By Disease Indication: Early Gastric Cancer, Advanced Gastric Cancer
Which Region Leads The Gastric Cancer Diagnostic Procedure Market?
North America was the largest region in the gastric cancer diagnostic procedure market in 2024. The report also covers other regions including Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa.
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What Is Covered In The Gastric Cancer Diagnostic Procedure Market Global Market Report?
Market Size Analysis: Analyze the Gastric Cancer Diagnostic Procedure Market size by key regions, countries, product types, and applications.
Market Segmentation Analysis: Identify various subsegments within the Gastric Cancer Diagnostic Procedure Market for effective categorization.
Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
Market Contribution: Evaluate contributions of different segments to the overall Gastric Cancer Diagnostic Procedure Market growth.
Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
Industry Challenges: Analyze challenges and risks affecting the Gastric Cancer Diagnostic Procedure Market.
Competitive Developments: Analyze competitive developments, such as expansions, agreements, new product launches in the market.
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