The rising incidence of cancer is one of the significant factors influencing the cancer diagnostics market growth.
Market Size – USD 154.13 Billion in 2019, Market Growth – CAGR of 6.3%, Market Trends – Increasing awareness about cancer diagnosis at an early stage.
The global cancer diagnostics market is forecasted to reach USD 252.22 Billion by 2027, according to a new report by Reports and Data. The cancer diagnostics market is observing high growth due to the rising occurrences of breast cancer, the most common type of cancer occurring in women. There were more than 2 million new cases of breast cancer in 2018. Belgium, Luxembourg, and the Netherlands are the countries with the highest rates of occurrences of breast cancer in the year 2018 across the globe. The global survival rates from the disease vary greatly, ranging from around 80% in North America, Japan, and Sweden to nearby 60% in middle-income nations and lower than 40% in low-income nations. Hence, the implementation of diagnostics tests to screen and detect malignant cells in the human breast is driving the growth of the market.
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Further key findings from the report suggest
Key players in the market include
Thermo Fisher Scientific, Hologic Inc., Abbott Laboratories, Siemens Healthineers, GE Healthcare, Illumina Inc., F. Hoffmann-La Roche Ltd., Koninklijke Philips NV, Qiagen, and Becton, Dickinson, and Company, among others.
Furthermore, the report segments Cancer Diagnostics market on the basis of key product types and applications and provides details about the revenue growth, revenue CAGR, and revenue share each segment is expected to register over the forecast period.
Test Type Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
End-User Outlook (Revenue, USD Billion; 2017-2027)
For a better understanding of the global Cancer Diagnostics market dynamics, a regional analysis of the market across key geographical areas is offered in the report. The market is spread across key geographical regions such as North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Each region is analysed on the basis of the market scenario in the major countries of the regions to provide a deeper understanding of the market. It provides insights into production and consumption patterns, supply and demand ratio, export/import, current and emerging trends and demands, market share, market size, revenue contribution, and presence of key players in each region.
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In-depth regional analysis includes:
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Benefits of the Global Cancer Diagnostics Report:
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