A recent report published by The Business Research Company on Cancer Diagnostics Market provides in-depth analysis of segments and sub-segments in the global as well as regional.
The global cancer diagnostics market was valued at about $145.53 billion in 2018 and is expected to grow to $211.53 billion at a CAGR of 9.8% through 2022.
The cancer diagnostics market consists of sales of cancer diagnostic devices and equipment. Cancer diagnostic equipment is used to identify biomarkers, proteins and symptoms in order to detect a cancerous tumor in the patient. Cancer diagnostics market is segmented into companion diagnostics and molecular diagnostics.
Major players in the market are Abbott, Becton Dickinson and Company , Hoffmann-La Roche Ltd, GE Healthcare Ltd., Thermo Fisher Scientific
North America was the largest region in the cancer diagnostics market in 2018. This region is expected to remain the largest during the next five years. The cancer diagnostics market in Asia Pacific is forecasted to register the highest CAGR during 2018-2023.
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 is leading to more number of people opting for diagnosis and treatment. For instance, according to the World Cancer Research Fund (WCRF), in 2018, the number of cancer cases worldwide was approximately 18 million, out of which, 9.5 million cases were diagnosed in men and 8.5 million in women. In addition, according to the World Health Organization (WHO), cancer was the second-leading cause of death worldwide, responsible for approximately 9.6 million deaths in 2018. The National Cancer Insititute (NCI) has estimated the number of new cancer cases per year to reach 23.6 million by 2030.
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Few Points From Table Of Content
- Executive Summary
- Cancer Diagnostics Market Characteristics
- Cancer Diagnostics Market Size And Growth
- Cancer Diagnostics Market Segmentation
- Cancer Diagnostics Market Regional And Country Analysis
- Asia-Pacific Cancer Diagnostics Market
- China Cancer Diagnostics Market
- India Cancer Diagnostics Market
- Japan Cancer Diagnostics Market
- Australia Cancer Diagnostics Market
- Indonesia Cancer Diagnostics Market
- South Korea Cancer Diagnostics Market
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