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Cancer Testing Equipment Market is reaching $26B, whereas Cancer Screening Market is reaching $123B by 2023.
Cancer is caused when abnormal cells divide uncontrollably. There are more than hundred types of known cancers. Cancer testing or screening is carried out to detect cancer before the symptoms appear.
According to the new market research report by IndustryARC titled “Cancer Testing and Screening Market By Techniques (Imaging, Biopsy,, Biomarkers); By Cancer Type (Respiratory, Breast, Skin, Digestive),Stage, Gender, Product Type, Geography - Forecasts 2018 – 2023” the market is expected to grow due to the rise in geriatric population and unhealthy lifestyles.
Americas to have a major share in the Cancer Testing/Screening Market:
Americas will dominate the Cancer Testing and Screening Market during the forecast period. Asia Pacific will have the highest growth in the market due to increasing number of cancer affected people in the region. In the US, Cancer is the second main cause of deaths. In men, prostrate, lung, and colon accounted for 44% of the diagnosed cancers in 2016. Prostate cancer represents 1 out of 5 cases. In women, three types of cancers in 2016 were breast, lung, and colon. To curb such cancers, continuous screening is needed. This will drive the growth of Cancer screening in US.
In Asia Pacific, increasing population and ageing in China has resulted in the increasing incidences and mortality of cancer in the region. This has compelled the government in the region to propose demonstration projects. WHO proposed Program for Cancer prevention and control in China, the program will provide cancer screening facilities.
Selected Analysis done in the Cancer Testing/Screening Market Report:
Imaging techniques involves the process of creating a visual representation of the interior of a body for clinical analysis with regard to the functioning of the internal organs. This process for diagnosis of cancer includes radiography, computed tomography, magnetic resonance imaging, and endoscopy. Imaging tests such as CT scan and X rays generate pictures of the body’s interior without the need for incision. They provide information about the size, shape, and location of the problem.
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Excerpts on Market Growth Factors:
• Growing demand for enhanced procedure accuracy during cancer testing for avoiding the side effects has driven the need for advanced technologies. This has driven the R&D investments in the Cancer Testing and Screening Market.
• Testing and screening programs can reduce the burden of cancer by ensuring people get the tests done in a timely manner.
• Improvements in Low Dose Computed Tomography (LDCT) technology and minimally surgical techniques makes the adoption of lung cancer screening stronger.
Key players of the Cancer Testing / Screening Industry:
F. Hoffmann-La Roche Ltd. (Roche Diagnostics), Danaher, Johnson & Johnson, Abbott Diagnostics, Siemens Healthcare and Beckton Dickinson are expected to be the dominant players of the cancer molecular testing market. F.Hoffmann-La Roche provides test service in treating and diagnosing breast cancer. Danaher designs, manufactures, and markets healthcare, environmental, and industrial equipment. Recently, Johnson & Johnson acquired C-SATS, a Seattle startup that gives performance reviews for surgeons.
Cancer Testing / Screening Market is segmented as below:
Growing number of awareness programs for cancer screening drives the demand for Cancer Testing and Screening Market.
A. Cancer Testing and Screening Market By Type
B. Cancer Testing and Screening Market By Technique
C. Cancer Testing and Screening Market By Treatment
D. By Stage
E. By Gender
F. By Geography
A. Genomics in Cancer Care Market
B. U.S. Drug Testing Market
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