PUBLISHER: Orion Market Research | PRODUCT CODE: 1215646
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215646
Title:Global Cancer Screening Market Size, Share, and Trends Analysis Report, by Screening Type (Diagnostic Imaging Tests, Biopsy & Cytology Tests, Tumor Biomarkers, and Others), and By Application (Breast Cancer, Lung Cancer, Cervical Cancer, Kidney Cancer, Liver Cancer, Pancreatic Cancer, Ovarian Cancer, and Others), Forecast Period (2022-2028).
The global cancer screening market is anticipated to grow at a CAGR of 10.0% during the forecast period. The major factors driving the growth of the market include the rising prevalence of cancer coupled with the increasing demand for internal radiation therapy. According to the International Agency for Research on Cancer (IARC), in 2018 there were 17.0 million new cancer cases reported and 9.5 million cancer mortalities registered across the globe. By 2040, the global burden is expected to grow to 27.5 million new cancer cases and 16.3 million cancer mortalities every year, majorly due to an unhealthy lifestyle.
The global cancer screening market is segmented based on the screening type and application. Based on the screening type, the market is segmented into diagnostic imaging tests, biopsy & cytology tests, tumor biomarkers, and others. Based on the application, the market is sub-segmented into breast cancer, lung cancer, cervical cancer, kidney cancer, liver cancer, pancreatic cancer, ovarian cancer, and others.
Geographically, the global cancer screening market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Europe holds a considerable share in the global cancer screening market. The factors driving the European market growth include the increasing number of cancer patients, reduction in the cost of radiotherapy, and rising government and non-government investments in R&D of cancer treatment. According to the World Health Organization (WHO), with 4.4 million new cases and 1.9 million fatalities in 2020, cancer represents the second major cause of fatality and morbidity in Europe. In Europe, tobacco consumption and excessive alcohol consumption cause about 40% of the total cancer burden.
The major companies serving the global cancer screening market include Abbott Laboratories Inc., F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., GE Healthcare, Hologic Inc., Illumina Inc., Bio-Rad Laboratories Inc., Agilent Technologies Inc., and Cancer Diagnostic Inc., among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2021, Hologic, Inc. acquired Biotheranostics for its product portfolio of breast and metastatic cancer testing for $230 million and SOMATEX for $64 million.
Research Methodology
The market study of the global cancer screening market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: