Press release
The Aging Population Drives Growth In Colorectal Cancer Screening Demand: A Significant Driver Propelling The Colorectal Cancer Screening Market In 2025
Colorectal Cancer Screening
What Is the Colorectal Cancer Screening Market Size and Projected Growth Rate?
The colorectal cancer screening market has expanded significantly. It is expected to rise from $15.61 billion in 2024 to $16.6 billion in 2025 at a CAGR of 6.3%. Key drivers of historical growth include the increasing incidence of colorectal cancer, rising government awareness campaigns, an aging population, growing adoption of colonoscopy, and improved insurance coverage for screenings.
The colorectal cancer screening market is projected to grow significantly, reaching $21.01 billion by 2029 at a CAGR of 6.1%. Growth drivers include the increasing adoption of non-invasive screening methods, a rise in home-based testing, the growing prevalence of obesity, the shift towards value-based TH*Care, and increasing collaborations between public and private sectors. Key trends in this market include the integration of AI in screening and diagnostics, the expansion of screening guidelines to younger populations, broader use of genomic testing for cancer risk assessment, the growth of mobile health (mHealth) platforms, and partnerships between pharmaceutical and diagnostic companies.
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What Are the Major Segments in the Colorectal Cancer Screening Market?
The colorectal cancer screeningmarket covered in this report is segmented -
1) By Type: Stool-Based, Fecal Immunochemical Test (FIT), Fecal Occult Blood Test (FOBT), Stool Deoxyribonucleic Acid (DNA) Test, Colonoscopy, Other Types
2) By Age Group: Below 50 Years, 50-64 Years, Above 65 Years
3) By End User: Hospitals And Clinics, Clinical Laboratories, Diagnostic Imaging Centers, Other End-Users
Subsegments:
1) By Stool-Based Tests: Stool-Based Tests
2) By Fecal Immunochemical Test (FIT): High-Sensitivity FIT, Low-Sensitivity FIT
3) By Fecal Occult Blood Test (FOBT): Guaiac FOBT, Immunochemical FOBT
4) By Stool Deoxyribonucleic Acid (DNA) Test: Multi-Target Stool DNA Test, Single-Target Stool DNA Test
5) By Colonoscopy: Diagnostic Colonoscopy, Therapeutic Colonoscopy
6) By Other Types: Virtual Colonoscopy, Flexible Sigmoidoscopy, Capsule Endoscopy
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What Are The Driving Colorectal Cancer Screening Market Evolution?
The aging population is expected to drive the growth of the colorectal cancer screening market. As the proportion of older adults continues to rise globally, the risk of colorectal cancer increases, making regular screening crucial for early detection and prevention. With more individuals aged 65 and older, especially in the U.S., the demand for colorectal cancer screening is expected to grow significantly in the coming years.
Which Firms Dominate The Colorectal Cancer Screening Market Segments?
Major companies operating in the colorectal cancer screening market are F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Medtronic plc, Siemens Healthineers, FUJIFILM Holdings Corporation, GE TH*Care, Boston Scientific Corporation, Olympus Corporation, Hologic Inc., bioMérieux SA, QuidelOrtho Corporation, Sysmex Corporation, QIAGEN N.V., Exact Sciences Corporation, Guardant Health Inc., Eiken Chemical Co. Ltd., HemoCue AB, Clinical Genomics Inc., Polymedco LLC, Hemosure Inc., Geneoscopy Inc., Novigenix SA
What Trends Are Driving Growth in The Colorectal Cancer Screening Market?
In the colorectal cancer screening market, innovative solutions like non-invasive multi-target stool RNA screening tests are being developed to detect colorectal cancer early. For example, in May 2024, Geneoscopy Inc. received FDA approval for ColoSense, a stool-based test that analyzes RNA biomarkers to detect colorectal cancer and precancerous lesions. This test demonstrated high sensitivity, particularly in younger populations, and aims to increase screening participation by offering a less invasive alternative to traditional methods.
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Which Is The Largest Region In The Colorectal Cancer Screening Market?
North America was the largest region in the colorectal cancer screening market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the colorectal cancer screening 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 Colorectal Cancer Screening Market?
2. What is the CAGR expected in the Colorectal Cancer Screening Market?
3. What Are the Key Innovations Transforming the Colorectal Cancer Screening Industry?
4. Which Region Is Leading the Colorectal Cancer Screening Market?
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