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Cancer Diagnostics Market to Grow Worth USD 326.2 Billion by 2033 | Exhibiting CAGR of 4.88%

07-08-2025 01:25 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Cancer Diagnostics Market to Grow Worth USD 326.2 Billion by 2033

Market Overview:

The Cancer Diagnostics Market is experiencing rapid growth, driven by Rising Global Cancer Burden, Expansion of Screening Programs, and Technological Innovation in Non-Invasive Diagnostics. According to IMARC Group's latest research publication, "Cancer Diagnostics Market Report by Product (Consumables, Instruments), Technology (IVD Testing, Imaging, Biopsy Technique), Application (Breast Cancer, Lung Cancer, Colorectal Cancer, Melanoma, and Others), End User (Hospitals and Clinics, Diagnostic Laboratories, and Others), and Region 2025-2033", The global cancer diagnostics market size reached USD 207.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 326.2 Billion by 2033, exhibiting a growth rate (CAGR) of 4.88% during 2025-2033.

This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.

Download a sample PDF of this report: https://www.imarcgroup.com/cancer-diagnostics-market/requestsample

Our report includes:

● Market Dynamics
● Market Trends and Market Outlook
● Competitive Analysis
● Industry Segmentation
● Strategic Recommendations

Growth Drivers in the Cancer Diagnostics Market:

● Rising Global Cancer Burden

The health care community facing increasing cancer burden globally is made more challenging by factors such as an aging population, urbanization, environmental risk factors, and sedentary lifestyles. The World Health Organization (WHO) has estimated that there will be more than a 60% increase in cancer cases globally over the next 20 years, with most of this burden occurring in low- and middle-income countries. With this trend, there has been increased emphasis on early cancer detection and timely intervention. Imaging modalities such as MRI, PET, and CT, as well as molecular diagnostic testing tools such as PCR and immunohistochemistry are seeing increased use.

● Expansion of Screening Programs
In Developing Nations National governments and public health ministries are intensifying efforts in developing nations for organized cancer screening programs directed at the early detection of high-risk cancers like cervical, breast, oral, and colorectal cancers. In India, a National Programme for Prevention and Control of Cancer, Diabetes, Cardiovascular Diseases and Stroke (NPCDCS) is providing community based screening for individuals over 30 years of age. Similarly, both, Rwanda and Kenya are increasing their cervical cancer screening using HPV and VIA (visual inspection with acetic acid).

● Technological Innovation in Non-Invasive Diagnostics

Revolutionary advancements in non-invasive diagnostics are redefining the patient experience and clinical workflows. Blood-based liquid biopsies, which measure circulating tumor DNA (ctDNA), are being adopted in a variety of clinical settings for early detection, treatment assessment, and tracking of recurrences. Innovative startups, such as GRAIL, have brought multi-cancer early detection (MCED) tests to market, combining the ability to detect a multitude of cancer types from a single blood draw. AI-powered approaches are also facilitating rapid image processing and biomarker analysis, enhancing test results. Saliva-based tests and breath analyzers are also being developed to identify volatile organic compounds (VOCs) associated with particular cancers.

Key Trends in the Cancer Diagnostics Market:

● Emergence of AI-Powered Diagnostic Tools

There is also ongoing work to apply artificial intelligence (AI)-based solutions in diagnostics of cancer that increase speed, accuracy, and consistency. AI-based platforms are providing support to radiologists and pathologists identifying abnormalities such as microcalcifications in mammogram images, nodules in lung scans, and abnormal cells in digital histopathology studies. Algorithms trained on large data sets can also detect fine distinctions in patterns or enhance details of images not visible to the human eye, and accordingly providing a more timely diagnosis. For example, companies like Google Health or IBM Watson have produced examples targeting AI in image interpretation in cancer diagnostics, and can provide recommendations when integrated with clinical decision support systems (CDSS) for use in real-time to oncologists.

● Rise of Home-Based and Point-of-Care Cancer Testing

The need for decentralized testing is rapidly modernizing home-based and near-patient cancer testing. There are currently research and development (R&D) projects to develop saliva, urine, and feces collection kits for at-home use for screening colorectal, cervical, and prostate cancers. Exact Sciences has developed FIT-DNA tests that enable detection of colorectal cancer from stool samples without requiring patients to undergo colonoscopies. FIT-DNA tests typically contain links to their mobile app or telehealth platform to interpret the results and schedule follow-up consultations. Other approaches include point-of-care (POC) devices using microfluidics and biosensors that result in providing test results within minutes at primary healthcare facilities.

● Integration of Genomics and Companion Diagnostics

Genomics is becoming the foundation for modern cancer diagnostics; providing a rational and scientific model for personalized medicine via and with biomarker-based analytics. Companion diagnostics are used with targeted therapies to identify patients who are likely to benefit from a drug. For example, testing for HER2, BRCA1/2, EGFR, and PD-L1 are now standard of care for breast, ovarian, lung, and other cancers. In addition, there are available next-generation sequencing (NGS) panels that can provide a comprehensive mutation profile from a single sample, and NGS enables individualized treatment planning while supporting diagnosis. Pharmaceutical companies are developing diagnostic assays in partnership with their therapeutic pipeline, for example, see Roche and Foundation Medicine, and Thermo Fisher and Illumina partnerships.

Buy Full Report: https://www.imarcgroup.com/checkout?id=6322&method=1670

Leading Companies Operating in the Global Cancer Diagnostics Industry:

● Abbott Laboratories
● Agilent Technologies Inc.
● Becton Dickinson and Company
● Bio-Rad Laboratories Inc.
● F. Hoffmann-La Roche AG (Roche Holding AG)
● GE HealthCare (General Electric Company)
● Hologic Inc.
● Illumina Inc.
● Koninklijke Philips N.V.
● Pfizer Inc.
● Qiagen N.V
● Quest Diagnostics
● Siemens Healthineers AG (Siemens AG)
● Thermo Fisher Scientific Inc.

Cancer Diagnostics Market Report Segmentation:

By Product:

● Consumables
● Antibodies
● Kits and Reagents
● Probes
● Others
● Instruments
● Pathology-based Instruments
● Imaging Instruments
● Biopsy Instruments

Based on the product, the market has been segmented into consumables and instruments.

By Technology:

● IVD Testing
● Polymerase Chain Reaction (PCR)
● In Situ Hybridization (ISH)
● Immunohistochemistry (IHC)
● Next-generation Sequencing (NGS)
● Microarrays
● Flow Cytometry
● Immunoassays
● Others
● Imaging
● Magnetic Resonance Imaging (MRI)
● Computed Tomography (CT)
● Positron Emission Tomography (PET)
● Mammography
● Ultrasound
● Biopsy Technique

Imaging accounted for the largest market share due to its effectiveness in detecting the presence of cancerous cells within the body.

By Application:

● Breast Cancer
● Lung Cancer
● Colorectal Cancer
● Melanoma
● Others

Breast cancer represented the largest segment due to the rising exposure to environmental factors, such as endocrine-disrupting chemicals, which may contribute to the development of breast cancer.

By End User:

● Hospitals and Clinics
● Diagnostic Laboratories
● Others

Hospitals and clinics represent the maximum market share due to the increasing number of patients dealing with cancer.

Regional Insights:

● North America (United States, Canada)
● Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
● Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
● Latin America (Brazil, Mexico, Others)
● Middle East and Africa

Asia Pacific enjoys a leading position in the watch market on account of the rising demand for luxury products among individuals.

Ask Analyst for Sample Report: https://www.imarcgroup.com/request?type=report&id=6322&flag=C

Research Methodology:

The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145

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