Global Cancer Screening Market to Grow at a CAGR of 9% During 2024-2032, Driven by Technological Advancements

The rising initiatives to reduce the number of fatalities caused by cancer are aiding the industry growth. The increasing research and development (R&D) due to the rising investments by the government and various other organisations to promote awareness about cancer while developing advanced and efficient treatments. For instance, Centres for Disease Control and Prevention (CDC) invested USD 145 million in cancer screening while initiating a campaign called “Screen for Life”; such developments positively impact the cancer screening industry. In addition, the rising demand for effective screening without dangerous side effects can propel the market growth in the forecast period. Furthermore, the rising awareness about the benefits of early detection in both developed and emerging countries are significantly contributing to the cancer screening industry.

Epigenomics AG (FRA: ECX), one of the leading players in the market, unveiled its next-generation liquid biopsy test for colorectal cancer screening in January 2021. The screening is built on the company’s expertise in liquid biopsy and DNA methylation biomarkers. Moreover, the algorithm for the screening was trained in a study with 454 samples comprising CRC patients and clinical controls. Additionally, this nest generation multi-target real-time PCR blood test is based on a new proprietary core DNA methylation technology that provides valid results for greater than 99% of samples analysed and a fast, easy to use and affordable option for detecting CRC in a liquid biopsy. The development of such products is anticipated to provide impetus to the market growth in the forecast period.

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Market Analysis by Cancer Type, Technique, Stage, Gender, and Region:

• The market on the basis of cancer type can be divided into lung cancer, blood cancer, bone cancer, gall bladder cancer, testicular cancer, thyroid cancer, and breast cancer, among others.

• Based on technique, the industry can be divided into imaging techniques, endoscopy, biopsy and cytology tests, and genomic and molecular tests.

• The stages for cancer screening include TNM stages, stages 0, 1, 2, 3, 4, and prognostic factors, among others.

• On the basis of gender, the market is segmented into men and women.

• The regional markets for cancer screening include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The surge of cancer cases around the world due to unhealthy lifestyles and the presence of carcinogenic products are aiding the market growth.

• The market is being driven by the rising awareness of cancer and the increasing initiatives by various governments to prevent serious illnesses and deaths from the disease.

• The development of various advanced and innovative technologies, which can diagnose cancer without any major side effects is propelling the industry growth.

• Increasing research and development (R&D) to prevent and cure cancer effectively as well as diagnose cancers, such as leukaemia and ovarian cancer, are catalysing the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global cancer screening market for the periods (2017-2023) and (2024-2032).

• The report also offers the historical (2017-2023) and forecast (2024-2032) markets for the cancer types, techniques, stages, gender, and regions of cancer screening.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market for cancer screening are DiaSorin S.p.A., Epigenomics AG, Techlab, Inc., Positive Biosciences Limited, MedGenome Labs Ltd, and 20/20 GeneSystems, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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