About Cancer Test
Cancer tests are tests that look for the presence of cancer in healthy people or people without symptoms of cancer. Cancer tests are designed to find cancers at an early stage when they are more treatable. Some cancer tests have been found to lower the death rate (mortality rate) from certain cancers. Examples of some common cancer screening tests that are known to lower cancer death rates include colonoscopy for colon cancer, mammography for breast cancer, and Pap smear for cervical cancer. Some cancer screening tests are suggested only for people at high risk of developing cancer, such as MRI of the breast for women at increased risk of breast cancer.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Cancer Test is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs. Thus, constantly introducing new innovation in processing to meet the changing needs and preferences of consumers. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Cancer Test market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Abbott Laboratories (United States), Radient Pharmaceuticals (United States), BD Diagnostics (United States), Beckman Coulter (United States), BioCurex (Mongolia), bioMerieux (France), Cepheid (United States), CytoCore (United States) and DiagnoCure (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Hologic (United States), IIumina Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Cancer Test market by Type (Laboratory Tests, Genetic Tests, Imaging and Endoscopy), Application (Bladder Cancer Test, Breast Cancer Test, Cervical Cancer Test, Colorectal (Colon) Cancer Test, Ovarian Cancer Test, Prostate Cancer Test, Liver Cancer Test, Flow Cytometry and Other Organ Specific Cancer Test) and Region.
On the basis of geography, the market of Cancer Test has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Growth Drivers:
Increasing Ease of Cancer Diagnosis and Increasing Healthcare Expenditure
Challenges:
High cost of diagnostic imaging.
Restraints:
Limited Use in the Emerging Markets and A High Cost Associated with the Cancer Test
Opportunities:
Technological Advancements in Cancer Test
Market Leaders and their expansionary development strategies
In August 2021, Illumina, the global leader in DNA sequencing, first announced its intention to acquired GRAIL, reuniting Illumina with GRAIL four years after it was spun off. GRAIL's Galleri blood test detects 50 different cancers before they are symptomatic. Illumina's acquisition of GRAIL has accelerated access and adoption of this life-saving test worldwide.
In November 2023, A new Roswell Park Comprehensive Cancer Center innovation has just gone global. Called PanHeme, it’s a test that uses next-generation gene sequencing technology to diagnose blood cancers like leukemia, lymphoma and multiple myeloma more precisely identifying mutations in hundreds of genes in under 72 hours, a dramatic improvement from the three- to four-week wait time for current molecular testing.
Key Target Audience
Cancer Test Key Stakeholders, Cancer Test Equipment’s Manufacturers, Research Institutes, Regulatory Bodies, Government Bodies, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.