Dublin, June 04, 2021 (GLOBE NEWSWIRE) -- The "Global Oncology Diagnostics Market 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global oncology diagnostics market should reach $128.3 billion by 2025 from $86.7 billion in 2020 at a compound annual growth rate (CAGR) of 8.1% for the forecast period of 2020 to 2025.
This report examines the current and forecasted market potential for oncology diagnostics. It offers a detailed analysis of the market background, competitive environment, technological advancement, drivers and restraints and market growth trends. This report includes market projections through 2025, detailing the market share for oncology diagnostics based on the product, application and end user.
The global market is growing due to the increasing prevalence of cancer, a rise in the world's elder population, rising awareness and growing technological advancements in various fields: biomarkers, imaging, biopsy and endoscopy. Advances in science and technology platforms are expected to progress faster in oncology than in other disease areas, due to terminal disease prevalence and the corresponding rise in patient risk tolerance.
According to the WHO, cancer is the second leading cause of death, globally, accounting for around one in six deaths in 2018. Prostate, colorectal, stomach, lung and liver cancer are the most common types of cancer in men, while colorectal, breast, lung, cervical and thyroid cancer are the most common among women.
The cancer burden continues to rise, globally, exerting tremendous emotional, physical and financial strain on families, individuals, communities and health systems. Many health systems in low and middle-income countries are not prepared to manage this burden. Large numbers of cancer patients, worldwide, do not have access to timely quality treatment and diagnosis. In countries where health systems are robust, survival rates of many types of cancers are improving due to accessible early detection, quality treatment and survivorship care.
Delayed cancer treatment can result in a considerable decrease in survival. The oncology diagnostics market is booming and very competitive, with many big and small players operating in different market segments. A strong need for new diagnostic tools exists to allow earlier detection with higher specificity and higher sensitivity. New startups are founded every year with the aim of developing the next big diagnostic technology.
Healthcare facilities have adopted stricter safety practices to reduce the risk of exposing people to COVID-19. At the start of the coronavirus pandemic, elective medical procedures, including cancer diagnosis, were primarily put on hold to prioritize urgent needs and reduce the risk of the virus spread in healthcare settings. One result of this has been a substantial decline in cancer diagnosis and screening.
Many cancer diagnoses and treatment plans have been changed so that people do not have to spend as much time at these facilities. Many medical appointments are being spread out to avoid close contact between people. More appointments are being made over the phone or online and hospital stays after surgery have been shortened. In some cases, fewer in-person visits are required to complete chemotherapy or radiation therapy.
The Report Includes
An overview of the global markets for oncology diagnostics
Estimation of the market size and analyses of market trends, with data from 2019 to 2020 and projection of CAGR through 2025
Market share analysis of oncology diagnostics by application, product, end-user and region, and evaluation of market size and forecast, and detailed analysis of drivers, challenges and opportunities affecting the market growth
Highlights of the current and future market potential of oncology diagnostics and a detailed analysis of the regulatory landscape, complications and prevalence of cancer
Details of major advances in technologies and products, ongoing activities and pipeline analysis of new products in the oncology diagnostics industry
Details about symptoms, progression and epidemiology of COVID-19 and discussion on the impact of COVID-19 pandemic on the medical industry as well as on oncology diagnostics market
Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
Comprehensive company profiles of major players of the industry, including Abbott, Agilent, bioMerieux, General Electric Co., Roche, Siemens and Thermo Fisher Scientific
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Medical Device Regulations
Medical Device Definition and Classification
Regulations in the U.S.
Regulations in Europe
Regulations in Japan
Chapter 4 Oncology Diagnostics: Market Background
Cancer Cells versus Normal Cells
Types of Cancer
Chapter 5 Oncology Diagnostics: Market Dynamics
Chapter 6 Impact of COVID-19 Pandemic
Spread of Disease
Impact on MedTech
Elective and Noncritical Procedures
Shift in Manufacturing
Regulatory Delays, Clinical Trials and Product Launches
Supply Chain Disruptions
Impact of COVID-19 on the Global Economy
Government Expenditures on COVID-19
Impact on Insurance Providers
Impact of COVID-19 on Oncology
Impact on Early Cancer Diagnosis
Impact on Cancer Research
COVID-19 and Reimagining Cancer Care
Significant Declines in Testing and Diagnosis
Public Health Impact of COVID-19 Across the Cancer Continuum
Chapter 7 Market Breakdown by Product Category
Market Size and Forecast
In Situ Hybridization
Tumor Biomarker Tests
Chapter 8 Market Breakdown by Application
Chapter 9 Market Breakdown by End User
Diagnostic Imaging Centers
Chapter 10 Market Breakdown by Region
Chapter 11 Competitive Landscape
Mergers and Acquisitions
Chapter 12 Company Profiles
Agilent Technologies Inc.
F. Hoffmann-La Roche Ag
General Electric Co.
Koninklijke Philips N.V.
Siemens Healthcare Gmbh
Thermo Fisher Scientific
For more information about this report visit https://www.researchandmarkets.com/r/cw4i4a
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