Global Cancer Diagnostics Market Size,Competitive Analysis,Strategies And Forecast Upto 2027
the global cancer diagnostics market is expected to be around US$ 239 bn by 2028 at a 7.5% CAGR from 2023 to 2028.
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Major Players
Study period:
Fastest Growing Market:
2023-2028
APAC
Base Year:
Largest Market:
2022
North America
CAGR:
7
REPORT DESCRIPTION
Tumor is a hereditary malady driven by substantial or heritable transformations. Advancement of new DNA sequencing and cutting edge sequencing innovations are relied upon to have a huge effect in the treatment, administration and discovery of growth. Cutting edge disease diagnostics business sector is relied upon to witness a lucrative development amid the gauge period attributable to expanding applications as a consequence of mechanical headways in cutting edge tumor diagnostics, for example, improvement of computerized and new imaging modalities so as to break down X-beam mammograms. These advancements will enhance exactness in the screening of bosom growth, mechanical advancements in research center testing gadgets for the advancement of new malignancy biomarkers, for example, protein examines, hormone, and receptor will assist enhance the finding and treatment of tumor with better investigation of tissue test. Expanding advancements in the examination of cell free DNA and flowing growth cells in fringe blood will likewise help the screening of disease in high hazard people. Moreover, enhanced in situ hybridization and immunohistochemical stains make compelling identification of disease cells in biopsied tissue and fringe blood. Protein design identification and bioinformatics investigation of quality are additionally anticipated that would assist make disease determination productive and these headways will help the business sector interest for cutting edge growth finding in the following seven years.
the global cancer diagnostics market is expected to be around US$ 239 bn by 2028 at a 7.5% CAGR from 2023 to 2028.
The worldwide cutting edge disease diagnostics business sector is divided on the premise of finding by growth sign, by diagnostics capacity and by sort of investigation. Cutting edge growth finding business sector is partitioned into bosom, colorectal and proteomic disease. Colorectal tumor portion is relied upon to develop at a huge rate because of expanding frequencies of colorectal growth in the worldwide populace and expanding research concentrates on in the biotechnology business. Cutting edge disease determination market by sort of examination is isolated into sidekick indicative, screening/early discovery, checking/repeat and forecast. Moreover, on the premise of sort of investigation, NGS growth determination business sector is separated into genotyping, proteomics and quality expression. Expanding interest for noninvasive and high throughput diagnostics measures for prior discovery of malignancy and sub-atomic subtypes of tumors for auspicious analysis and treatment, creative innovative headways in advancements connected with cutting edge screening and determination, for example, ongoing polymerase chain response (RT-PCR), cutting edge catch advances, biochips and cutting edge sequencing give quick conclusion, exact and touchy instruments for treating disease patients are relied upon to fuel the business sector development in the following seven years. Moreover, expanding frequencies of distinctive sort of malignancies, for example, blood-conceived growths, sex-related tumors and strong tumors, headways being developed of tests for discovery of DNA, RNA methylation design and coursing nucleic corrosive atoms are additionally anticipated that would drive the interest for the cutting edge disease analysis market through to the 2022.
The land investigation of cutting edge disease diagnostics market isolates it into North America, Europe, Asia-Pacific, Latin America and MEA. In 2015, North America represented the biggest piece of the overall industry in 2015 attributable to expanding use of cutting edge growth diagnostics systems in disease research, expanding appropriation of ease and reduced NGS tumor diagnostics measures in clinical diagnostics and research labs, and expanding nature of base for lab and clinical exploration. Developing economies, for example, China and India in the Asia Pacific locale are required to develop at a noteworthy rate all through the figure period. This normal development is credited for by expanding interest for financially savvy and safe malignancy medications in the locale , expanding government and corporate interest in the biotechnology and biopharmaceutical segment, rising per capita salary of the populace, expanding improvement and generation of new biologics, genomic measures, and sedates, growing restorative treatment for tumor analysis, expanding middle age of the populace and expanding concentrate on pulling in worldwide and residential players in the business sector. The worldwide cutting edge malignancy diagnostics business sector is exceedingly focused inferable from development of new contestants in the business sector and the vicinity of entrenched firms. The key members in the cutting edge growth diagnostics market incorporate GE Healthcare, Abbott Laboratories, Allegro Diagnostics Corp., Siemens Healthcare, Agilent Technologies Inc., Becton Dickinson and Co., QIAGEN N.V., Affymetrix Inc., Thermo Fisher Scientific Inc., Life Technologies Corp., Cepheid Inc., bioMerieux SA, Johnson and Johnson, Fluidigm Corp., PerkinElmer Inc., Randox Laboratories Ltd., SomaLogic Inc., Luminex Corp., Radient Pharmaceuticals Corp., Roche Holding Ltd, Quest Diagnostics Inc., Asuragen Inc., AVIVA Biosciences Corp., Illumina Inc., Veridex LLC, Nanosphere Inc., A. Menarini Diagnostics S.r.l., Fujirebio Diagnostics Inc. also, Oncolys BioPharma Inc
The Cancer Diagnostics market is segmented as follows:
Cancer Diagnostics Market, by Method:
Major geographies analyzed under this research report are:
This report gives you access to decisive data such as:
Key highlights of this report :
Overview of key market forces propelling and restraining market growth :
Up-to-date analyses of market trends and technological improvements
Pin-point analyses of market competition dynamics to offer you a competitive edge
An analysis of strategies of major competitors
An array of graphics and SWOT analysis of major industry segments
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis
Offers a clear understanding of the competitive landscape and key product segments
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1 INTRODUCTION
1.1 Key Take Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Market Size
1.5.2 Market Share
1.5.3 Key Data Points From Secondary Sources
1.5.4 Key Data Points From Primary Sources
2 Research Methodology
2.1.1 Research Methodology Steps
2.1.2 Secondary and Primary Research Methodology
2.1.2.1 Secondary Research
2.1.2.2 Key Data From Secondary Sources
2.1.2.3 Primary Research
2.1.2.4 Key Industry Insights
2.1.5 Key Data From Primary Sources
2.1.6 Key Insights From Primary Sources
2.1.7 Market Size Estimation Methodology
2.1.8 Market Forecast Methodology
2.1.9 Market Data Validation and Triangulation
2.1.10 Assumptions for the Study
3 Executive Summary
3.1 Introduction
3.2 Current Scenario
3.3 Future Outlook
3.4 Conclusion
4 Premium Insights
4.1 Global Cancer Diagnostics Market
4.2 Regional Snapshot of the Cancer Diagnostics Market
4.3 Cancer Diagnostics Market, By Technology (2019 vs. 2025)
5 Market Overview
5.1 Key Findings
5.2 Introduction
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Rising Prevalence of Cancer
5.3.1.2 Technological Advancements
5.3.1.3 Initiatives Undertaken By Governments and Global Health Organizations to Spread Awareness About Cancer
5.3.1.4 Growth in the Number of Private Diagnostic Centers
5.3.1.5 Public-Private Partnerships to Enhance the Infrastructure of Diagnostic Imaging Centers
5.3.1.6 Fda Support for Biomarker Development
5.3.1.7 Launch of New Flow Cytometry Reagents for Diagnostics and Drug Discovery
5.3.2 Restraints
5.3.2.1 High Capital Investments & Low Benefit-Cost Ratio for Biomarkers
5.3.2.2 Shortage of Helium
5.3.2.3 High Cost of Diagnostic Imaging Systems Affecting Their Rate of Adoption in Emerging Markets
5.3.2.4 Risk of High Radiation Exposure Likely to Limit the Usage of CT Scanners
5.3.2.5 Dearth of Skilled and Experienced Personnel
5.3.3 Opportunities
5.3.3.1 Personalized Medicine
5.3.3.2 Development of Mass Cytometry and the Combination of Cell-And Bead-Based Flow Cytometry Technologies
5.3.3.3 Companion Diagnostics
5.3.3.4 Improving Healthcare Infrastructure in Emerging Markets
5.3.3.5 Miniaturized and Technologically Advanced Devices
5.3.4 Challenges
5.3.4.1 Stringent Regulatory Guidelines
5.3.4.2 Hospital Budget Cuts A Key Challenge to Market Players
5.3.4.3 Increasing Adoption of Refurbished Diagnostic Imaging Systems
6 Global Cancer Diagnostics Market, By Technology
6.1 Introduction
6.2 Platform-Based Diagnostics
6.2.1 Polymerase Chain Reaction (PCR)
6.2.2 in Situ Hybridization (ISH)
6.2.3 Immunohistochemistry (IHC)
6.2.4 Next-Generation Sequencing (NGS)
6.2.5 Microarrays
6.2.6 Flow Cytometry
6.2.7 Other Technologies
6.3 Instrument-Based
6.3.1 Diagnostic Imaging
6.3.1.1 Magnetic Resonance Imaging (MRI)
6.3.1.2 Computed Tomography (Ct)
6.3.1.3 Positron Emission Tomography (PET)
6.3.1.3.1 Standalone Positron Emission Tomography
6.3.1.3.2 Hybrid Positron Emission Tomography
6.3.1.4 Mammography
6.3.1.5 Ultrasound
6.3.2 Biopsies
7 Global Cancer Diagnostics Market, By Application
7.1 Introduction
7.1.1 Breast Cancer
7.1.2 Lung Cancer
7.1.3 Colorectal Cancer
7.1.4 Melanoma
7.1.5 Other Cancers
8 Market, By End User
9 Cancer Diagnostics Market, By Region
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia
9.5 Rest of the World (RoW)
10 Competitive Landscape
10.1 Overview
10.2 Market Share Analysis
10.3 Competitive Situation and Trends
10.3.1 Collaborations/Agreements/Partnerships/Alliances
10.3.2 New Product Launches
10.3.3 Acquisitions
10.3.4 Expansion
10.3.5 Others
The Cancer Diagnostics market is segmented as follows:
Cancer Diagnostics Market, By Method:
Major geographies analyzed under this research report are:
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