The Global
Cancer Diagnostics Market research report also explains in depth
description, competitive scenario, product portfolio of key vendors and their
business strategies with the help of SWOT analysis and porter's five force
analysis. This market report offers an actionable market insight with which
sustainable and profitable business strategies can be built. This Global Cancer
Diagnostics Market report has been prepared by conducting market research in a
systematic manner.
Global Cancer
Diagnostics Market is expected to rise from its initial estimated value of USD
143.89 billion in 2018 to a projected value of USD 244.28 billion by 2026,
registering a CAGR of 6.84% in the forecast period of 2019-2026. This rise in
market value can be attributed to innovations and advancements in technological
offerings by the major manufacturers.
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Market Definition:
Global Cancer Diagnostics Market
Cancer diagnostics is the process of detecting various
biomarkers, proteins and certain symptoms that result in the detection of
presence of cancerous tumor in the patients. The detection of certain
biomarkers and proteins that are prevalent in cancer disorders thereby result
in the diagnosis process. The process of detecting cancer includes usage of
certain technology and devices specifically used in its diagnosis.
Top Market
Competitors:
Abbott; Agilent Technologies, Inc.; BD; bioMérieux SA;
NeoGenomics Laboratories, Inc.; Telerad Tech; F. Hoffmann-La Roche Ltd; GENERAL
ELECTRIC COMPANY; Hologic Inc.; Illumina, Inc.; QIAGEN; BioGenex; Siemens
Healthcare GmbH; BioNTech Diagnostics GmbH; Thermo Fisher Scientific Inc.;
Koninklijke Philips N.V.; are few of the major competitors currently present in
the market.
Market Drivers
·
Significant contribution and investments
undertaken by various organizations; this factor is expected to act as a driver
for the market growth
·
Increasing levels of geriatric population along
with the growth in prevalence of cancer; this factor is expected to act as a
driver for the market growth
Market Restraints
·
High cost of diagnostics procedure for cancers
available in the market is expected to act as a restraint to the market growth
·
Presence of strict regulations and standards for
the approval and commercialization of cancer diagnostic products &
services; this factor is expected to act as a restraint to the market growth
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Segmentation: Global Cancer Diagnostics Market
Global Cancer Diagnostics Market By Technology (Instrument Based, Platform-Based, Tumor Biomarker
Tests)
Application (Breast
Cancer, Colorectal Cancer, Cervical Cancer, Lung Cancer, Prostate Cancer, Skin
Cancer, Blood Cancer, Kidney Cancer, Pancreatic Cancer, Ovarian Cancer, Others)
End-User (Cancer
Research Institutes, Diagnostic Laboratories, Hospitals, Others)
Geography (North
America, South America, Europe, Asia-Pacific, Middle East and Africa)
Reasons to Purchase
this Report
·
Current and future of global cancer diagnostics
market outlook in the developed and emerging markets
·
The segment that is expected to dominate the
market as well as the segment which holds highest CAGR in the forecast period
·
Regions/Countries that are expected to witness
the fastest growth rates during the forecast period
·
The latest developments, market shares, and
strategies that are employed by the major market players
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