The global liver cancer diagnostics market is experiencing steady growth, driven by the rising prevalence of liver cancer, increasing awareness about early detection, and advancements in diagnostic technologies. Factors such as excessive alcohol consumption, viral infections like hepatitis B and C, and the growing incidence of fatty liver disease are contributing to the surge in liver cancer cases. The demand for non-invasive and highly accurate diagnostic methods, including liquid biopsies, biomarker-based tests, and advanced imaging techniques such as MRI and CT scans, is increasing. In addition, the integration of artificial intelligence (AI) in diagnostics is improving the speed and accuracy of liver cancer detection. However, high costs associated with advanced diagnostic procedures and limited access to early-stage screening in developing regions remain significant challenges.
Global Liver Cancer Diagnostics Market is valued at USD 7.52 billion in 2022 and is expected to reach USD 12.44 billion by 2030, with a growing CAGR of 6.5% during the forecast period 2023 to 2030.
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Below are the Top Liver Cancer Diagnostics Companies with a Significant Market Share:
Rank |
Company |
Overview |
Product Portfolio |
Sales Geographical Coverage |
Developments |
1. |
F. Hoffmann-La Roche Ltd. |
Roche is a global leader in molecular and immunodiagnostics for liver cancer detection. The company offers cobas molecular testing platforms and Elecsys biomarker assays, including AFP (Alpha-Fetoprotein) and PIVKA-II, for early liver cancer detection. Roche’s focus on precision diagnostics and companion diagnostics enhances targeted treatment options for liver cancer patients. |
|
North America, South America, Middle East and Africa, Asia-Pacific, and Europe |
In August 2022, F. Hoffmann-La Roche Ltd. announced the launch of a Digital LightCycler System, which is a next generation digital PCR system that helps clinical researchers to better understand the nature of a patient's cancer, genetic disease, or infection. |
2. |
Koninklijke Philips N.V. |
Philips specializes in medical imaging solutions for liver cancer diagnosis, offering advanced ultrasound, CT, and MRI systems. Its EPIQ and Affiniti ultrasound systems with elastography technology provide real-time liver stiffness measurements to assess fibrosis and liver cancer risks. Philips integrates AI-powered imaging tools to improve liver cancer detection and patient management. |
|
North America, South America, Middle East and Africa, Asia-Pacific, and Europe |
In October 2022, koninklijke Philips N.V. announced two new advances in MR-only workflows to advance head and neck cancer radiotherapy imaging and simulation. The company's artificial intelligence enabled MRCAT Head and Neck radiotherapy application, which allows the use of MR as the sole or primary imaging modality for radiotherapy planning in the treatment of soft tissue tumors in the head and neck, along with the brain, pelvis, and prostate, has received FDA 510 (k) clearance and is commercially available in the U.S. |
3. |
Thermo Fisher Scientific Inc. |
Thermo Fisher provides high-precision molecular, genomic, and proteomic solutions for liver cancer diagnostics. The company offers ELISA kits, next-generation sequencing (NGS) panels, and biomarker assays, including AFP and DCP (Des-gamma-carboxy prothrombin) tests, for early hepatocellular carcinoma (HCC) detection. Thermo Fisher’s Oncomine™ panels help in comprehensive genetic profiling of liver cancer. |
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North America, South America, Middle East and Africa, Asia-Pacific, and Europe |
In October 2022, Thermo Fisher Scientific Inc., the world leader in serving science, today announced that it has entered into a definitive agreement to acquire the Binding Site Group, a global leader in specialty diagnostics. |
4. |
BD |
BD specializes in flow cytometry, molecular diagnostics, and liquid biopsy solutions for liver cancer detection. The company provides BD Max molecular diagnostics and AFP biomarker tests for identifying liver cancer at an early stage. BD’s innovations in high-throughput screening and automated lab solutions improve liver cancer diagnostics and patient outcomes. |
TruGuide Disposable Coaxial Biopsy Needle |
North America, South America, Middle East and Africa, Asia-Pacific, and Europe |
In November 2022, BD announced a grant of USD 652,000 to Valley-Mount Sinai Comprehensive Cancer Care to increase diversity, equity, and inclusion in cancer clinical trials. This funding helped the company to increase its product development in diagnostics. |
5. |
Siemens Healthcare GmbH |
Siemens Healthineers is a leader in liver cancer imaging and biomarker testing, offering ADVIA Centaur and Atellica immunoassay systems for detecting AFP, DCP, and other liver cancer biomarkers. The company’s AI-powered imaging technologies, including liver elastography and MRI solutions, provide accurate and early liver cancer detection. |
|
North America, South America, Middle East and Africa, Asia-Pacific, and Europe |
In August 2022, Siemens Healthcare GmbH has entered into an agreement with Varian Medical Systems, Inc. With this acquisition, Siemens Healthcare has helped in developing advanced solutions to treat against cancer and strengthen its position in the healthcare industry. |
Conclusion
The global liver cancer diagnostics market is set for sustained growth as technological innovations enhance the accuracy and efficiency of early detection. Increased awareness campaigns, government initiatives, and research funding are further driving market expansion. While challenges such as affordability and accessibility persist, continued advancements in biomarker research, AI-powered diagnostics, and non-invasive testing methods will play a crucial role in improving early diagnosis and patient outcomes.