The cancer diagnostics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cancer Diagnostics Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The cancer diagnostics market size has grown rapidly in recent years. It will
grow from $21.38 billion in 2023 to $23.84 billion in 2024 at a compound annual
growth rate (CAGR) of 11.5%. The growth in the historic period can be
attributed to increasing cancer incidence, cancer screening programs,
personalized medicine, public awareness.
The cancer diagnostics market size is expected to see rapid growth in the next
few years. It will grow to $37.09 billion in 2028 at a compound annual growth
rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to
emerging markets growth, regulatory support, artificial intelligence (ai) and
machine learning, early detection and intervention. Major trends in the
forecast period include liquid biopsies, multi-omics approaches, point-of-care
testing, screening and early intervention campaigns.
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Scope Of Cancer Diagnostics Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Cancer Diagnostics Market Overview
Market Drivers -
A high prevalence rate of various types of cancers is a major driver of the
cancer diagnostics market. This is because the increasing incidences of various
types of cancers are leading to a greater number of people opting for diagnosis
and treatment. In addition, according to the World Health Organization (WHO),
cancer was the second-leading cause of death worldwide. The National Cancer
Institute (NCI) has estimated the number of new cancer cases per year to reach
23.6 million by 2030.
Market Trends -
The AI-based cancer detection system is an emerging trend in the cancer
diagnostics market. AI helps in improving the accuracy of image detection in
diagnostic processes such as breast cancer and lung cancer diagnostics, by
detecting the cancers in early stages. AI also reduces the instances of false
positives in lung cancer screening, thus, improving lung cancer detection
accuracy. For instance, researchers at the Naval Medical Center San Diego and
Google's AI research division Google AI developed a reliable solution comprised
of cancer-detecting algorithms used for autonomous evaluation of lymph node
biopsies. This AI solution improved the accuracy of metastatic breast cancer detection
to 99%.
The cancer diagnostics market covered in this report is segmented –
1) By Products: Companion Diagnostics, Molecular Diagnostics
2) By Method: Biopsy, Endoscopy, Tumor Biomarker Tests, Imaging
3) By Application: Cervical Cancer, Breast Cancer, Liver Cancer, Blood Cancer,
Kidney Cancer, Colorectal Cancer, Pancreatic Cancer, Ovarian Cancer, Melanoma,
Other Applications
4) By End-User: Cancer Research Institutes, Diagnostic Laboratories, Hospitals,
Other End Users
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Regional Insights -
North America was the largest region in the cancer diagnostics market in 2023.
Asia-Pacific was the second-largest region in the global cancer diagnostics
market. The regions covered in the cancer diagnostics market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, and Africa.
Key Companies -
Major companies operating in the cancer diagnostics market include Abbott
Laboratories, Becton Dickinson and Company, Hologic, GE Healthcare Ltd., Thermo
Fisher Scientific, Siemens Healthcare GmbH, Accuray, Elekta AB, C.R. BardInc.,
Biogenex Laboratories, Eckert & Ziegler BEBIG, Veracyte, PathAI, Bio-Rad
Laboratories, Biochain, DiagnoCure, Illumina, Myriad Genetics, CompanionDx,
Epic Sciences, Eli Lilly and Co, Genomic Health, Affymetrix, Agilent
Technologies, Adaptive Biotechnologies, Biocartis, Biocept, Cancer Genetics
Inc., Caris Life Sciences, Cepheid, Epigenomics AG, Exact Sciences, Foundation
Medicine, GenMark Diagnostics, Guardant Health, HalioDX, IBA group, Invitae
Corporation, Medtronic plc, NanoString Technologies, Natera, NeoGenomics,
Oncura Inc., PerkinElmer, Personal Genome Diagnostics, Qiagen, Roche
Diagnostics, Theragenics Corporation, Varian Medical SystemsInc.
Table of Contents
1. Executive Summary
2. Cancer Diagnostics Market Report Structure
3. Cancer Diagnostics Market Trends And Strategies
4. Cancer Diagnostics Market – Macro Economic Scenario
5. Cancer Diagnostics Market Size And Growth
…..
27. Cancer Diagnostics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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