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North America Gastric Cancer Diagnostic Procedure Market Report 2023: Rising Awareness of Gastric Cancer Presents Opportunities
North American Gastric Cancer Diagnostic Procedure Market
Dublin, Feb. 23, 2023 (GLOBE NEWSWIRE) -- The "North America Gastric Cancer Diagnostic Procedure Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Healthcare Providers, Symptom Types, Body Fluid, Procedures, Offerings, and Disease Indication" report has been added to ResearchAndMarkets.com's offering.
The North America gastric cancer diagnostic procedure market size is expected to reach US$ 758.16 million by 2028 from US$ 567.72 million in 2022. The market is estimated to record a CAGR of 4.9% from 2022 to 2028. The rising prevalence of gastrointestinal diseases and the growing geriatric population in North America are contributing to the growth of the North America gastric cancer diagnostic procedure market size. However, the shortage of medical laboratory professionals is hampering the market growth.
Rising Geriatric Population in North America Drives North America Gastric Cancer Diagnostic Procedure Market Growth
As per the Fact Sheet: Aging in the United States, the number of people aged 65 and above is estimated to increase from 52 million in 2018 to 95 million by 2060. Additionally, the 65-year-old age group's share of the total population will increase from 16% in 2018 to 23% by 2060. Further, as per the US Census Bureau, all the baby boomers will be older than 65 years in the US by 2030 and will hold 21% of the population.
It also mentioned that by 2060, around one in four people in the US will be aged 65 years and above, the number of people aged 85 and above will triple, and the country will add half a million centenarians. The prevalence of gastrointestinal disorders is high in the adult and elderly populations. As the aging population rises, the disease burden also increases. Thus, an increasing aging population propels the demand for gastric cancer diagnostics, thereby bolstering the growth of the gastric cancer diagnostic procedure market.
Based on symptom type, the North America gastric cancer diagnostic procedure market is bifurcated into symptomatic and asymptomatic. The asymptomatic segment held a larger share of the market in 2022. However, the symptomatic segment is anticipated to register a higher CAGR in the market during the forecast period. The symptoms of the early stages of gastric cancer may include indigestion, stomach discomfort, bloating, mild nausea, appetite loss, and heartburn. The advanced stages of gastric cancer show symptoms such as blood in the stool, vomiting, weight loss, stomach pain, jaundice, ascites (build-up of fluid in the abdomen), and trouble swallowing.
Based on healthcare providers, the market is segmented into diagnostic laboratories, hospitals, cancer research institutes, oncology specialty clinics, others. In 2022, the hospitals segment held the largest share of the North America gastric cancer diagnostic procedure market. The market for the cancer research institutes segment is expected to grow at the highest rate in the coming years. The North America gastric cancer diagnostic procedure market, by body fluid, is segmented into blood, urine, saliva, stomach wash/gastric juice, tissue, and others. In 2021, the blood segment held the largest share of the market. However, the market for the tissue segment is expected to grow at the highest rate in the coming years.
Based on procedures, is segmented into endoscopic procedures, biopsy and tissue tests, lab tests, in-vitro diagnostic tests, imaging tests, molecular diagnostics, multiplexing molecular diagnostics and immunoassays, and others. In 2021, the imaging tests segment held the largest share of the market. The market for the biopsy and tissue tests segment is expected to grow at the highest rate in the coming years.
Based on offerings, is segmented into instruments, reagents and consumables, and services. In 2021, the reagents and consumables segment held the largest share of the market. The market for the services segment is expected to grow at the highest rate in the coming years.
Based on disease indication, is segmented into early gastric cancer and advanced gastric cancer. In 2021, the advanced gastric cancer segment held a larger share of the market. The market for the same segment is expected to grow at a higher rate in the coming years.
The International Foundation for Gastrointestinal Disorders, American Institute for Cancer Research, Centers for Disease Control and Prevention, U.S. Census Bureau, and Population Reference Bureau are among the major primary and secondary sources referred to while preparing the report on the North America gastric cancer diagnostic procedure market.
Market Dynamics
Market Drivers
Rise in Prevalence of Gastrointestinal (GI) Diseases
Growing Geriatric Population in US
Market Restraints
Shortage of Medical Laboratory Professionals
Market Opportunities
Rising Awareness on Gastric Cancer
Future Trends
Development of AI-Based Gastric Cancer Diagnostic Platform
Report Attribute | Details |
No. of Pages | 240 |
Forecast Period | 2022 - 2028 |
Estimated Market Value (USD) in 2022 | $567.76 Million |
Forecasted Market Value (USD) by 2028 | $758.16 Million |
Compound Annual Growth Rate | 4.9% |
Regions Covered | North America |
A selection of companies mentioned in this report includes
Atlas-Link Biotech Co Ltd
Bio-Rad Laboratories Inc
MiRXES Pte Ltd
Agilent Technologies Inc
F. Hoffmann-La Roche Ltd
bioMerieux SA
Thermo Fisher Scientific Inc
Illumina Inc
Vela Diagnostics Holding Pte Ltd
Myraid Genetics Inc.
For more information about this report visit https://www.researchandmarkets.com/r/kxr407-america?w=12
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