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Promising Growth in Lung Cancer Diagnostic and Screening Market: Analysis of Size, Key Players, and Emerging Trends
Lung Cancer Diagnostic And Screening Market
What Is The Projected Market Size Of The Global Lung Cancer Diagnostic And Screening Market And Its Growth Rate?
The lung cancer diagnostic and screening market has displayed considerable growth in recent years, with significant developments being notable in the areas of digital imaging, screening protocols, public health initiatives, and pathology analysis. Market statistics entail:
* The market size intensified from $2.34 billion in 2024 to $2.56 billion in 2025, marking a CAGR of 9.6%.
* Moving forward, the market size is projected to reach $3.69 billion by 2029, courtesy of a 9.5% CAGR.
What Is Driving The Growth In The Lung Cancer Diagnostic And Screening Market?
The growth of the lung cancer diagnostic and screening market is majorly driven by the upsurge in the prevalence of lung cancer. Market players tap into technologies that help in the early diagnosis of lung cancer through various tests, aiding in combating the unchecked proliferation of abnormal cells in lung tissues. For instance, in January 2023 alone, there were approximately 238,340 new cases of lung cancer in the United States as per the American Cancer Society.
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Who Are the Key Players Driving Lung Cancer Diagnostic And Screening Market Growth?
Key market players contributing to the growth of the lung cancer diagnostic and screening market include:
* Pfizer Inc.
* F. Hoffmann-La Roche AG
* Bristol-Myers Squibb Company
* Thermo Fisher Scientific Inc.
* AstraZeneca Plc
* Abbott Laboratories Inc.
* Danaher Corporation
* Siemens Healthcare GmbH
* FUJIFILM Corporation
* Koninklijke Philips N.V.
* GE Healthcare Bio Sciences AB
* Quest Diagnostics Incorporated
* Agilent Technologies Inc.
* Illumina Inc.
* Qiagen Inc.
* Myriad Genetic Laboratories Inc.
* NeoGenomics Laboratories Inc.
* Canon Medical Systems Corporation
* OncimmuneHoldings Plc
* Broncus Medical Inc.
* OncoCyte
* Riverain Technologies LLC
* VisionGate
* Foundation Medicine Inc.
* Biodesix
What Are The Key Trends In The Lung Cancer Diagnostic And Screening Market?
Noteworthy trends driving market growth include:
* Shift towards personalized medicine,
* Expansion of high-risk screening programs,
* Government initiatives and funding,
* Emergence of novel screening modalities,
* Advancements in biomarker testing,
* Integration of artificial intelligence (AI),
* Rise in liquid biopsy adoption,
* Focus on early stage detection,
* Expansion of low-dose CT screening programs.
What Are The Segments Of The Global Lung Cancer Diagnostic And Screening Market?
The lung cancer diagnostic and screening market is segmented as follows:
1) By Product: Instruments, Consumables And Accessories
2) By Test: Biomarkers Tests, Imaging Test, Biopsy, Blood Test, Other Tests
3) By Cancer Type: Non-Small Cell Lung Cancer, Small Cell Lung Cancer
4) By End User: Hospital, Independent Diagnostic Laboratories, Diagnostic Imaging Centers, Cancer Research Institutes, Other End-Users
Which Region Leads The Lung Cancer Diagnostic And Screening Market?
In 2024, North America was the largest region in the lung cancer diagnostic and screening market. Coverage in the report spans Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Lung Cancer Diagnostic And Screening Market Global Market Report?
The Lung Cancer Diagnostic And Screening Market Global Market Report incorporates various key facets including:
- Market Size Analysis
- Market Segmentation Analysis
- Key Player Focus
- Growth Trends Analysis
- Market Contribution
- Growth Drivers
- Industry Challenges
- Competitive Developments
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