The cancer screening market is anticipated to grow at a significant CAGR of 10.0% during the forecast period (2022-2028). Cancer is a complicated disease that affects each patient in a unique way. A complete and precise diagnosis, which comprises imaging, pathology, genetics, and modern genomic testing, is the foundation of comprehensive and specialized treatment. The rise in the elderly population, as well as an increase in the number of cancer cases, is driving the growth of the cancer screening market. According to the Global Burden of Disease Study, around 19.3 million new cancer cases were reported globally in 2020, with this figure anticipated to rise to 30.2 million by 2040. According to a World Health Organization (WHO) factsheet, cancer is responsible for around one out of every six fatalities globally. Cancer kills over 70% of people in low- and middle-income nations.
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The global cancer screening market is segmented based on screening type and application. Based on the screening type, the market is sub-segmented into diagnostic imaging tests, biopsy and cytology tests, tumor biomarkers, and others. Among these screening types, the diagnostic imaging tests segment is expected to propel the growth of the market as diagnostic imaging tests are the most commonly used cancer screening tests. Imaging (radiology) tests for cancer, such as CT scans, MRIs, nuclear medicine scans, ultrasound, mammograms, X-rays, and other radiographic tests, are regarded as the most trustworthy. Based on the application, the market is sub-segmented into breast cancer, lung cancer, cervical cancer, kidney cancer, liver cancer, pancreatic cancer, ovarian cancer, and others.
The market players are also contributing significantly to the market’s growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in June 2019, Fujifilm Medical Systems US launched a new breast cancer screening awareness campaign in the US, focusing on early identification of the illness. A mobile mammography van is touring throughout the US to disseminate Fujifilm’s message as part of the ‘Aspire to Be Fearless’ campaign. The truck had a waiting area, a dressing room, and Fujifilm’s newest breast imaging technology.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Screening type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-Abbott Laboratories Inc., F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., GE Healthcare, Hologic Inc., Bio-Rad Laboratories Inc., Agilent Technologies Inc., and Cancer Diagnostic Inc.,among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Cancer Screening Market Report by Segment
By Screening Type
- Diagnostic Imaging Tests
- Biopsy and Cytology Tests
- Tumor Biomarkers
- Others
By Application
- Breast Cancer
- Lung Cancer
- Cervical Cancer
- Kidney Cancer
- Liver Cancer
- Pancreatic Cancer
- Ovarian Cancer
- Others
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