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Gastric Cancer Diagnostic Procedure Market Size Forecasted To Achieve $2.07 Billion By 2029 With Steady Growth
Gastric Cancer Diagnostic Procedure Market Size
What Is the Gastric Cancer Diagnostic Procedure Market Size and Projected Growth Rate?
The market size for gastric cancer diagnostic procedures has seen robust growth in the past few years. Projected to expand from $1.44 billion in 2024 to $1.54 billion in 2025, it's set to display a compound annual growth rate (CAGR) of 7.3%. The historic period's growth is down to innovative biopsy techniques, greater research funding, advancement in biomarker discovery, enhanced pathological analysis and changes in screening guidelines.
The market for diagnostic procedures for gastric cancer is projected to witness robust expansion in the coming years. With the anticipated compound annual growth rate (CAGR) of 7.6%, it is expected to reach a value of $2.07 billion by 2029. The surge within the forecast period can be ascribed to the escalation in point-of-care testing, the emergence of innovative biomarkers, a shift towards tailored medication, the embracing of next-generation sequencing, and the advancement in endoscopic imaging modalities. Considerable developments forecasted in this period encompass the incorporation of nanotechnology, the utilization of big data analytics, the use of microbiota analysis, the rise of patient-focused strategies, and the involvement of telehealth in diagnostics.
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What Are the Major Segments in the Gastric Cancer Diagnostic Procedure Market?
The gastric cancer diagnostic procedure market covered in this report is segmented -
1) 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
2) By Symptom Type: Symptomatic, Asymptomatic
3) By Offering Type: Instruments, Reagents And Consumables, Services
4) By Body Fluid Type: Blood, Urine, Saliva, Stomach Juice, Tissue, Other Body Fluid
5) By Disease Indication: Early Gastric Cancer, Advanced Gastric Cancer
Subsegments:
1) By Endoscopic Procedure: Upper Endoscopy (EGD), Endoscopic Ultrasound (EUS)
2) By Biopsy: Endoscopic Biopsy, Fine Needle Aspiration (FNA) Biopsy
3) By Tissue Tests: Histopathology, Immunohistochemistry
4) By Lab Tests: Blood Tests, Tumor Markers
5) By In-Vitro Diagnostic Tests: Genetic Testing, Molecular Profiling
6) By Imaging Tests: Computed Tomography (CT) Scan, Magnetic Resonance Imaging (MRI), Positron Emission Tomography (PET) Scan
7) By Molecular Diagnostics: PCR Testing, Next-Generation Sequencing (NGS)
8) By Multiplexing Molecular Diagnostics: Multiplex PCR, Microarray Analysis
9) By Immunoassays: Enzyme-Linked Immunosorbent Assay (ELISA), Radioimmunoassay (RIA)
10) By Other Procedure Types: Breath Tests, Liquid Biopsies
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What Are The Driving Gastric Cancer Diagnostic Procedure Market Evolution?
The rise in gastrointestinal diseases is propelling the growth of the gastric cancer diagnostic procedure market. These disorders pertain to conditions that impact varied parts of the digestive system and its supporting body elements like the liver and pancreas. Procedures for diagnosing stomach cancer, such as endoscopic and biopsy, are integral part of gastric cancer diagnosis. Consequently, the escalation in the occurrences of these health problems is triggering development in the gastric cancer diagnostic procedure market. For instance, in a research by the US-based GI Associates & Endoscopy Center published in August 2022, a survey involving 73,076 individuals from 33 countries revealed that 40% of the participants suffered from a functional gastrointestinal disease. As such, the growing prevalence of gastrointestinal ailments is key to the progress of the gastric cancer diagnostic procedure market.
Which Firms Dominate The Gastric Cancer Diagnostic Procedure Market Segments?
Major companies operating in the gastric cancer diagnostic procedure market include 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 Trends Are Expected to Dominate the Gastric Cancer Diagnostic Procedure Market in the Next 5 Years?
The rising trend of technological innovations is becoming increasingly significant in the gastric cancer diagnostic market. Top firms within this market are embracing cutting-edge technology to preserve their market standing. For example, in June 2022, Ibex Medical Analytics, a company based in Israel that provides AI-powered diagnostics services to healthcare organizations, introduced Galen Gastric, the planet's premier AI-based solution for detecting gastric cancer. Galen Gastric is a comprehensive diagnostic device that aids pathologists in pinpointing cases of stomach cancer, H. pylori, and other clinically relevant findings, simultaneously expediting testing times and optimizing diagnostic protocols.
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Which Is The Largest Region In The Gastric Cancer Diagnostic Procedure Market?
North America was the largest region in the gastric cancer diagnostics procedure market in 2024. The regions covered in the gastric cancer diagnostic procedure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Gastric Cancer Diagnostic Procedure Market?
2. What is the CAGR expected in the Gastric Cancer Diagnostic Procedure Market?
3. What Are the Key Innovations Transforming the Gastric Cancer Diagnostic Procedure Industry?
4. Which Region Is Leading the Gastric Cancer Diagnostic Procedure Market?
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