What is Pancreatic Cancer Diagnostic?
According to the American Cancer Society, around 3 percent of all cancers in the United States are pancreatic cancers. Studies conducted by various institutes showed that 91% of pancreatic cancer patients will die within five years of diagnosis and only 9% will survive more than five years. Pancreatic cancer is a type of cancer in which uncontrolled cell growth begins in a part of the pancreas. The pancreas is an organ in a human abdomen that lies behind the lower part of the stomach. It releases enzymes that aid digestion and produces hormones that help to manage blood sugar. Pancreatic cancer is of two types including endocrine pancreatic cancer and exocrine pancreatic cancer. It is occasionally detected at its early stages when it is most curable because it often doesn’t cause symptoms until after it has spread to other organs. The diagnosis of pancreatic cancer done with the help of laboratory tests, imaging tests, biopsy and assessing cancer symptoms. The treatment options for pancreatic cancer are chosen based on the stage of cancer. It involves surgery, chemotherapy, radiation therapy or a combination of these. According to the Hirshberg Foundation for Pancreatic Cancer Research, pancreatic cancer is the 3rd leading cause of cancer-related death in the United States surpassing breast cancer. It is expected to become the 2nd leading cause of cancer-related death in the United States by the year 2021, surpassing colorectal cancer.
The market study is broken down, by Application (Hospitals, Clinics, Oncology Institutes and Diagnostic Centers) and major geographies with country level break-up.
Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Pancreatic Cancer Diagnostic market throughout the predicted 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.
Fujifilm Holdings Corporation (Japan), Roche Holding AG (Switzerland), GE Healthcare (United States), Siemens AG (Germany), Becton, Dickinson and Company (United States), Philips Healthcare (Netherlands), Hitachi Medical Corporation (Japan), Danaher Corporation (United States), Abbott Laboratories (United States) and Canon Medical Systems Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Myriad Genetics, Inc. (United States), Qiagen (Germany), Asuragen, Inc. (United States), Toshiba Medical Systems Corporation (Japan) and Carestream Health (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Pancreatic Cancer Diagnostic market by Type, Application and Region.
On the basis of geography, the market of Pancreatic Cancer Diagnostic 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). If we see Market by Cancer Type, the sub-segment i.e. Endocrine Pancreatic Cancer will boost the Pancreatic Cancer Diagnostic market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Diagnosis, the sub-segment i.e. Imaging Tests (CT Scan, MRI, Ultrasound, PET Scan, Angiography and Cholangiopancreatography) will boost the Pancreatic Cancer Diagnostic market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In January 2019, Royal Philips, a global leader in health technology, unveiled its latest Imaging Systems range with solutions including the Next MR Wave, Epiq Elite Ultrasound System, DigitalDiagnost C90( Digital X-ray), Intellispace Discovery, Compressed SENSE and Philips IQon (CT) at IRIA 2019, the annual conference of Indian Radiological and Imaging Association, in Chandigarh.
Market Trend
- Increasing Diagnosed Pancreatic Cancer Cases
Market Drivers
- Increase in the Prevalence of Pancreatic Cancer
- Rise in the Cancer Related Deaths Worldwide
- Increased Consumption of Alcohol and Tobacco Products
Opportunities
- Development of Healthcare Infrastructure in Emerging Economies
- Technological Advancements in the Field Of Medical Science
- Huge Investments and Franchising By Major Players
Restraints
- Difficulty in Early Diagnosis of the Pancreatic Cancer
- High Cost of the Cancer Treatments
Challenges
- Lack of Awareness about Cancer Symptoms among People
- Low Success Rates of the Clinical Trails
Key Target Audience
Pancreatic Cancer Diagnostic Instrument Manufacturers, Research Organization and Associations, Research Professionals, Emerging Companies, Distributors, Government Body & Associations and End-user
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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.