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The Global Cancer Diagnostics Market study focuses major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure.
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Cancer Diagnostics Market Growth Prospects, Key Vendors, Future Scenario Forecast to 2032
Industry Insights • Cancer Diagnostics Market is anticipated to grow substantially through 2032, owing to the increasing awareness around cancer and rising healthcare expenditure for offering better and more innovative treatments. • Growing chronic illnesses, high disposable incomes, and increasing infectious disease prevalence have resulted in the demand for pathological laboratories, positively influencing the cancer diagnostics industry outlook. • Besides, the growing need to diagnose lump formation at nascent stages will as well add impetus to the cancer diagnostics demand. • Based on application, the tumor biomarkers tests segment was valued at over USD 27.5 billion in 2022.
The wide application of biomarkers in cancer treatment, drug development, and diagnostics is slated to impel the product demand through the coming years. Besides, biomarkers are crucial for every stage of the disease. • Additionally, the effectiveness and affordability of tumor biomarker tests would stimulate the market growth curve over 2023-2032. • Considering the cancer, the breast cancer segment will register notable growth during the estimated timeframe. Increasing cases of breast cancer recorded worldwide due to unhealthy lifestyles, obesity, and reduced childbearing will bolster the segmental growth in the ensuing years. • For the record, in 2022, an estimated 287,850 new cases of invasive and 51,400 new cases of non-invasive breast cancer were diagnosed in women in the U.S.
Regional Analysis • Regionally, the Asia Pacific cancer diagnostics market is expected to grow significantly from 2023 to 2032. The regional market growth can be attributed to the constantly surging tobacco and alcohol consumption. In addition, sedentary lifestyle and unhealthy eating habits will also serve as key factors leading to several types of cancers, owing to which there has been a rising demand for diagnostics services in developed economies. • Competitive Analysis • Some of the leading companies in the global cancer diagnostics market include Agilent Technologies Inc, Abbott Laboratories, Becton, Dickinson and Company, AB Sciex Pte. Ltd, Biocare Medical LLC, BioMerieux SA, Biocartis, Bio-Rad Laboratories.
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