Global Cancer Diagnostics Market
Dublin, June 07, 2022 (GLOBE NEWSWIRE) -- The "Global Cancer Diagnostics Market, By Test, Technology, Application, End User, & By Region - Forecast and Analysis 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global cancer diagnostics market was valued at USD 128.30 Billion in 2021, and it is expected to reach a value of USD 203.60 Billion by 2027, at a CAGR of more than 8.00% over the forecast period 2022 - 2027
This growth is mainly attributed to the growing prevalence of cancer across the globe, rising awareness of early diagnosis, increased funding for cancer R&D, technological advancements in diagnostic tests, and growth in the number of private diagnostics centers. This growth is also aided by a variety of private-sector projects.
However, due to high costs, low reimbursement rates, and budgetary constraints, many hospitals in developing countries are unable to invest in diagnostic imaging technology. Because of the strong demand for diagnostic imaging treatments in these countries, hospitals that can't afford to invest in new imaging systems prefer to use refurbished ones.
Refurbished systems are less expensive than new systems, with prices ranging from 40% to 60% of the original cost of the equipment.
Players in this market adopted various strategies to expand their global footprint and augment their market share. The key strategies followed by most companies in the global cancer diagnostics market were agreements and collaborations, mergers and acquisitions, and expansion.
The major players operating in this market include Becton, Dickinson and Company, GE Healthcare (A Subsidiary of General Electric Company), Abbott, Roche, QIAGEN N.V., Philips Healthcare, and Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Illumina, Inc., and Siemens Healthcare.
The report provides market sizing and forecast across five major regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA). In this report, the year 2016 to 2020 is considered a historical year, 2021 is the base year, 2022 is the estimated year, and years from 2022 to 2027 are considered the forecast period.
Key Topics Covered:
KEY MARKET INSIGHTS
Demand Side Trends
Supply Side Trends
Key Exporting and Importing Countries
Value Chain Analysis
Ecosystem Of the Market
Impact On Economy - scenario Assessment
Revised Market Size
Impact Of COVID On Key Segments
COVID Strategies by Company
MARKET DYNAMICS & OUTLOOK
Threat of substitute products
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Special insights on future disruptions
Global Cancer Diagnostics Market by Test type
Global Cancer Diagnostics Market by Technology
Global Cancer Diagnostics Market by Application
Global Cancer Diagnostics Market by End-User
Market Size by Region
KEY COMPANY PROFILES
Dickinson and Company
Ge Healthcare (A Subsidiary of General Electric Company)
Thermo Fisher Scientific, Inc.
Agilent Technologies, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/4gqoel
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