According to the current analysis of Reports and Data, the global Cervical Cancer Diagnostic market was valued at USD 7.69 Billion in 2020 and is expected to reach USD 12.78 Billion by year 2028, at a CAGR of 6.2%.
According to the Centres for Disease Control and Prevention (CDC), six million people in the United States acquire HPV each year. At least 20 million already have it, and more than half of all sexually-active adults are expected to be infected during their lifetime. Cervical Cancer is a type of cancer which occurs in the lower part of the uterus which is connected to the vagina. Most of cervical cancer cases are caused by various strains of the human papillomavirus (HPV) which is a sexually transmitted infection. Vaginal bleeding, watery bloody discharge ad pelvic pain during intercourse are the symptoms of cervical cancer. Cervical Cancer can be diagnosed with the help of screening tests like Pap test, HPV DNA test, punch biopsy and endocervical curettage to treat two types of cancer i.e. Squamous cell cancers and Adenocarcinoma.
Increasing adoption of Pap test, huge amount of government funding, increase in occurrence of cervical cancer in middle age women which leads to increase in number of screening, and increase in awareness are some of the primary growth stimulants for the market. For instance, Medicaid, the popular government insurance program, covers the screening for cervical cancers. Medicare, another widely used insurance, covers Pap test, pelvic exam, and clinical breast exam for cervical cancer screening, every two years. These programs were found to be responsible for the growth of the overall market. Certain manufacturing and pharmacological issues and regulatory hurdles are hindering the growth of the market.
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The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
Abbott Laboratories, Beckman Coulter, Becton, Dickinson and Company and F. Hoffmann-La Roche Ltd.
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
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The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Cervical Cancer Diagnostic market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
On basis of product types and application offered by the Cervical Cancer Diagnostic industry, the market is segmented into:
Product Type (Revenue, USD Million; 2020–2028)
Therapy (Revenue, USD Million; 2020–2028)
End User (Revenue, USD Million; 2020–2028)
The regional analysis covers:
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