Industry Background:
Cancer Screening is a device that used to detect the cancer before symptom appears. It is beneficial in find out the cancer prevention, early stage detection and subsequent treatment and others. Cancer Screening market has high growth prospects due to various risk factor such as unhealthy lifestyle, obesity and hormone replacement therapy. According to National Cancer Institute in 2018,1,735,350 new cases of cancer will be diagnosed in the United States and 609,640 people will died from the disease. Further, increasing demand for next-generation sequencing and breath biopsy/volatile organic compound expected to drive the market over the forecasted period.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Abbott (United States), Roche (Switzerland), Fujirebio Diagnostics, Inc. (United States), BioMérieux (France), Beckman Coulter (United States), Clarient (Switzerland), Siemens (Germany), DiaSorin (Italy) and Qiagen (Germany) |
This growth is primarily driven by Increase Incidence of Cancer Diseases. and Rising Number of Diagnostic and Research Centers across Developing Countries.
Globally, a noticeable market trend is evident Collaboration and Tie Up Of Leading Players The Medical Devices sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Abbott (United States), Roche (Switzerland), Fujirebio Diagnostics, Inc. (United States), BioMérieux (France), Beckman Coulter (United States), Clarient (Switzerland), Siemens (Germany), DiaSorin (Italy) and Qiagen (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Cancer Screening market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
In June 2019, Biodesix, Inc. acquired Oncimmune laboratories and incidental pulmonary nodule (IPN) malignancy test in the United States. This acquisition is beneficial in providing blood-based diagnostic solutions for lung cancer that provide actionable results and reimbursement with best-in-class turnaround time.
In October 2018, Telerad Tech launched an Artifical Intelligence screening equipment for detecting early stage of breast cancer. It also offers different processes of imaging data to recognize radiologic features and mammogram.
Influencing Trend:
Collaboration and Tie Up Of Leading Players
Market Growth Drivers:
Increase Incidence of Cancer Diseases. and Rising Number of Diagnostic and Research Centers across Developing Countries
Challenges:
Fluctuation of Data and Accuracy of the Equipment is anticipated to challenge the market
Restraints:
High Cost associated within Cancer Screening. and Risk Associated with Exposure of Radiation Hamper the Market
Opportunities:
Technological Advancements such as Liquid Biopsy Technique Boost the Cancer Screening Market and Raising Awareness among the Customer.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Cancer Screening Market
- Analysis about New Entrants in Cancer Screening Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Cancer Screening Study Sheds Light on
The Cancer Screening Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cancer Screening industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cancer Screening industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.