North America Cancer Diagnostics Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2022 –2028 |
 Market Size (Base Year) |
|
 Market Size (Forecast Year) |
USD 67.28 Billion |
 CAGR |
% |
| Major Markets Players |
|
North America Cancer Diagnostics Market, By Type (Laboratory Tests, Genetic Tests, Tumor Biomarkers Tests, Imaging, Endoscopy, Biopsy, Liquid Biopsy, Immunohistochemistry, In Situ Hybridization, Others), Technology (Instrument Based, Platform-Based, Tumor Biomarker Tests), Application (Breast Cancer, Colorectal Cancer, Cervical Cancer, Lung Cancer, Prostate Cancer, Skin Cancer, Blood Cancer, Kidney Cancer, Pancreatic Cancer, Ovarian Cancer, Others), End User (Cancer Research Institutes, Diagnostic Laboratories, Hospitals, Others), Country (U.S., Canada, Mexico) – Industry Trends and Forecast to 2028.
Market Analysis and Insights: North America Cancer Diagnostics Market
The topical cancer diagnostics market is expected to witness market growth at a rate of 8.5% in the forecast period of 2021 to 2028. Data Bridge Market Research report on cancer diagnostics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in healthcare sector globally is escalating the growth of cancer diagnostics market.
Cancer diagnosis refers to a method for the identification of different proteins, biomarkers, and certain signs that assist in discovery of cancerous tumors in patients. The identification of certain biomarkers or proteins are present in cancer diseases assist in the diagnosis process. The cancer screening process generally include the use of certain techniques or instruments commonly used in the diagnosis of cancer.
The increase in prevalence of cancer across the region acts as one of the major factors driving the growth of cancer diagnostics market. The increase in healthcare professionals focusing on development of effective diagnostic and treatment solutions to check prevalence level, and growth in the number of private diagnostic centers accelerate the market growth. The surge in number of recommendations for cancer screening, and availability of Computed Tomography (CT) scan and Magnetic Resonance Imaging (MRI) as they are quick, non-invasive, and pain-free diagnostic solutions further influence the market. Additionally, rise in population, development in the healthcare infrastructure and availability of reimbursement positively affect the cancer diagnostics market. Furthermore, increase in focus on personalized medicine extend profitable opportunity to the market players in the forecast period of 2021 to 2028.
On the other hand, high capital investments and low cost-benefit ratio for biomarkers and high cost of diagnostic imaging systems are expected to obstruct the market growth. The adoption of refurbished diagnostic imaging systems and inadequate infrastructure and low awareness in middle- and low-income countries are projected to challenge the cancer diagnostics market in the forecast period of 2021-2028.
North America cancer diagnostics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on North America cancer diagnostics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Cancer Diagnostics Market Scope and Market Size
The cancer diagnostics market is segmented on the basis of type, technology, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the cancer diagnostics market is segmented into laboratory tests, genetic tests, tumor biomarkers tests, imaging, endoscopy, biopsy, liquid biopsy, immunohistochemistry, in situ hybridization and others.
- On the basis of technology, the cancer diagnostics market is segmented into instrument based, platform-based and tumor biomarker tests.
- On the basis of application, the cancer diagnostics market is segmented into breast cancer, colorectal cancer, cervical cancer, lung cancer, prostate cancer, skin cancer, blood cancer, kidney cancer, pancreatic cancer, ovarian cancer and others.
- On the basis of end user, the cancer diagnostics market is segmented into cancer research institutes, diagnostic laboratories, hospitals and others.
North America Cancer Diagnostics Market Country Level Analysis
The cancer diagnostics market is segmented on the basis of type, technology, application and end user.
The countries covered in the North America cancer diagnostics market report are U.S., Canada and Mexico in North America.
U.S. dominates the North America cancer diagnostics market due to the prevalence of cancer among population within the region. Canada is projected to witness high growth during the forecast period of 2021 to 2028 because of the rise in awareness in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
North America cancer diagnostics market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for North America cancer diagnostics market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the North America cancer diagnostics market. The data is available for historic period 2010-2019.
Competitive Landscape and North America Cancer Diagnostics Market Share Analysis
North America cancer diagnostics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to North America cancer diagnostics market.
The major players covered in the North America cancer diagnostics market report are Inc., BD, bioMérieux SA, NeoGenomics Laboratories, Inc., Telerad Tech., F. Hoffmann-La Roche Ltd, GENERAL ELECTRIC, Hologic, Inc., Illumina, Inc., QIAGEN, BioGenex, Koninklijke Philips N.V., and Thermo Fisher Scientific Inc., Abbott, and Agilent Technologies, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
