Press release
In-vitro Colorectal Cancer Screening Tests Market expected to reach USD 1,954.77 Million by 2034, expanding at a CAGR of 4.7%
In-vitro Colorectal Cancer Screening Tests Market
Market Overview
Colorectal cancer begins in the colon most often as abnormal growths on the inner lining called polyps. Over time, some polyps can develop into cancer. Colonoscopy is a common screening method that can help prevent colorectal cancer by detecting and removing polyps before they become malignant. Stool-based DNA tests analyse a person's stool for signs of colorectal cancer, such as trace amounts of blood or abnormal DNA. These tests are non-invasive and easier to perform than visual examinations.
Visual exams involve looking inside the colon for any abnormal areas. They are typically performed using a scope, a flexible tube with a light and a small video camera at the tip, inserted into specialized imaging techniques. Blood-based tests check a person's blood for markers that may indicate the presence of colorectal cancer.
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Competitive Landscape
The leading market players focus on strategic alignments, new product launches, and mergers and acquisitions to drive business growth. Some of the prominent companies operating in the market include:
• Abbott Laboratories
• BioMerieux SA
• Epigenomics AG
• Exact Sciences Corporation
• F. Hoffmann-La Roche AG
• Guardant Health, Inc.
• MDxHealth SA
• QIAGEN N.V.
• Sysmex Corporation
In-vitro Colorectal Cancer Screening Tests Market Report Highlights:
• By test, the fecal occult blood tests segment currently holds the largest market share globally. This is primarily due to their long-established use in screening programs, relative affordability, and widespread integration into healthcare systems across various regions.
• By end use, the hospitals and clinics segment currently accounts for the largest share of the market. This is attributed to their central role in patient care pathways, serving as primary points for screening test ordering and administration within established healthcare systems worldwide.
• By region, North America currently holds the largest share of the in-vitro colorectal cancer screening tests market. The Asia Pacific region is emerging as a high-growth area, driven by increasing healthcare expenditure and a rising prevalence of colorectal cancer.
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Driving Factors
Growing Cases of Colorectal Cancer: The growing global cases of colorectal cancer serve as a notable market driver. Colorectal cancer stays as a prominent cause of cancer related deaths globally and its existence is projected to surge further because of elements such as aging population and lifestyle alterations. Colorectal cancer is the third most prevalent cancer globally, with more than 1.9 million cases detected in 2022, pushing the in-vitro colorectal cancer screening tests market growth.
Technological Progressions: Notable technological progressions in in-vitro diagnostic methodologies are pushing the market demand. Inventions in molecular diagnostics and biomarker recognition have caused the advancement of more sensitive, specific, and non-invasive screening assays.
Market Segmentation
The in-vitro colorectal cancer screening tests market segmentation is based on test, end use, and region.
Based on test, the fecal occult blood tests segment holds the largest market share due to their enduring existence, established integration into screening programs, and relative cost-effectiveness.
Based on end use, the diagnostic laboratories segment is expected to demonstrate the highest growth rate due to the growing outsourcing of diagnostic testing by hospitals and clinics to laboratory-developed tests (LDTs).
Global In-vitro Colorectal Cancer Screening Tests Market, by Test
5.1. Key Findings
5.2. Introduction
5.2.1. Global In-vitro Colorectal Cancer Screening Tests Market, by Test, 2020-2034 (USD Million)
5.3. Fecal Occult Blood Tests
5.3.1. Global In-vitro Colorectal Cancer Screening Tests Market, by Fecal Occult Blood Tests, by Region, 2020-2034 (USD Million)
5.4. Biomarker Tests
5.4.1. Global In-vitro Colorectal Cancer Screening Tests Market, by Biomarker Tests, by Region, 2020-2034 (USD Million)
5.5. Other Methods
5.5.1. Global In-vitro Colorectal Cancer Screening Tests Market, by Other Methods, by Region, 2020-2034 (USD Million)
Global In-vitro Colorectal Cancer Screening Tests Market, by End Use
6.1. Key Findings
6.2. Introduction
6.2.1. Global In-vitro Colorectal Cancer Screening Tests Market, by End Use, 2020-2034 (USD Million)
6.3. Hospitals
6.3.1. Global In-vitro Colorectal Cancer Screening Tests Market, by Hospitals, by Region, 2020-2034 (USD Million)
6.4. Clinics
6.4.1. Global In-vitro Colorectal Cancer Screening Tests Market, by Clinics, by Region, 2020-2034 (USD Million)
6.5. Diagnostic Laboratories
6.5.1. Global In-vitro Colorectal Cancer Screening Tests Market, by Diagnostic Laboratories, by Region, 2020-2034 (USD Million)
6.6. Others
6.6.1. Global In-vitro Colorectal Cancer Screening Tests Market, by Others, by Region, 2020-2034 (USD Million)
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Geographical Insights
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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