Colorectal Cancer Diagnostics Market is Forecasted to Surge USD 6,701.27 Million by 2030
Global Colorectal Cancer Diagnostics Market report highlights all-inclusive professional study of the HELATH industry which focuses on primary and secondary drivers, market share, competitor analysis, leading segments and geographical analysis. This global market research report is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. The market research performed here also provides information about manufacturers, market competition, cost, market effect factors for the forecast period of 2023-2030. By providing trustworthy market research information, Global Colorectal Cancer Diagnostics Market report helps to extend reach to the success in the business.
According to the WHO’s 2020, colorectal cancer is the third most common cancer type worldwide; in 2020, almost 2 million cases were diagnosed. Colorectal cancer is the second most common cause of cancer death, leading to almost 1 million deaths annually. This is despite effective techniques that could reduce the number of deaths from this disease exists. Therefore, the global advanced colorectal cancer diagnostics market is estimated to increase rapidly shortly.
Increasing global awareness about colorectal cancer has enhanced the market demand. The rising healthcare expenditure for better health services also contributes to the market’s growth. The major market players focus on various service launches and approvals during this crucial period. In addition, the increase in improved diagnostic processes and techniques also contributes to the rising demand for colorectal cancer diagnostics testing.
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Global colorectal cancer diagnostics market is expected to gain market growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 8.4% in the forecast period of 2023 to 2030 and is expected to reach USD 6,701.27 million by 2030 from USD 3,526.29 million in 2022.
Colorectal cancer starts in the colon or the rectum. Depending on where they start, these cancers can also be called colon cancer or rectal cancer. Colon cancer and rectal cancer are often grouped because they have many features in common. Colorectal cancer is a disease in which cells in the colon or rectum grow out of control. Sometimes it is called colon cancer, short. The colon is the large intestine or large bowel. The rectum is the passageway that connects the colon to the anus.
Sometimes abnormal growths, called polyps, form in the colon or rectum. Over time, some polyps may turn into cancer. Screening tests can find polyps so they can be removed before becoming cancer. Screening also helps find colorectal cancer early, when treatment works best.
Growing Prevalence of Colorectal Cancer
Colorectal cancer is sometimes called colon cancer, which is a term that combines colon cancer and rectal cancer, which begins in the rectum. Colon cancer typically affects older adults, though it can happen at any age. It usually begins as small, noncancerous (benign) clumps of cells called polyps forming inside the colon. Over time some of these polyps can become colon cancers.
People affected with colorectal cancer can see the symptoms such as a persistent change in bowel habits, including diarrhea or constipation or a change in the consistency of the stool, rectal bleeding or blood in the stool, persistent abdominal discomfort, such as cramps, gas or pain, a feeling that the bowel doesn’t empty, weakness or fatigue, and unexplained weight loss.
Fundamental Aim of this Market Report
- Factors influencing This Market Size and growth rate.
- Major alterations to this market in the near future.
- Notable Market rivals around the world.
- Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
Recent Developments
- In August 2022, Bio-Rad Laboratories Inc. completed its acquisition of Curiosity Diagnostics, a Poland-based developer of innovative technology solutions for the medical diagnostic and healthcare markets. This has helped the company to increase its product portfolio and global presence in the market.
- In January 2022, QIAGEN announced new additions to the growing number of applications for QIAcuity, its ultrasensitive digital PCR (dPCR) platform that has set new standards by using so-called nanoplates to process samples in two hours rather than the five hours required by other systems. This has helped the company to expand its product portfolio in the market and helped the company to increase its overall revenue.
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Major Players
Data Bridge Market Research recognizes the following companies as the major in colorectal cancer diagnostics market are F. Hoffmann-La Roche Ltd (Switzerland), Koninklijke Philips N.V. (Netherland), Thermo Fisher Scientific Inc. (U.S.), Illumina, Inc. (U.S.) , Quest Diagnostics Incorporated (U.S.), Canon Medical Systems Corporation (Japan), Bio-Rad Laboratories, Inc. (U.S.), Merck KGaA (Germany), FUJIFILM Corporation (Japan), Agilent Technologies, Inc. (U.S.), BD (U.S.), General Electric Company (U.S.), Siemens Healthcare GmbH (Germany), Abbott (U.S.), Neusoft Corporation (China), BioFire Diagnostics (U.S.), Myriad Genetics Inc. (U.S.), QIAGEN (U.S.), Hologic (U.S.), Time Medical Holding. (Hongkong), FONAR Corp. (U.S.), PlexBio. (Taiwan), SternMed GmbH. (Germany), MinFound Medical Systems Co., Ltd (China), Medonica Co. LTD (Korea), and Beijing O&D Biotech Co., Ltd. (China).
Colorectal Cancer Diagnostics Market Scope
Product Type
- Instruments
- Consumables & Accessories
On the basis of product type, the global colorectal cancer diagnostics market is segmented into instruments, consumables & accessories.
Test Type
- Imaging Test
- Stool Examination
- Tumor Markers
- Biopsy
- Blood Test
- Others
On the basis of test type, the global colorectal cancer diagnostics market is segmented into stool examination, imaging test, biopsy, blood test, tumor markers, and others.
Cancer Type
- Adenocarcinoma
- Colorectal Lymphoma
- Gastrointestinal Stromal Tumors
- Carcinoid Tumors
- Others
On the basis of cancer type, the global colorectal cancer diagnostics market is segmented into adenocarcinoma, colorectal lymphoma, gastrointestinal stromal tumors, carcinoid tumors, and others.
Cancer Stages
- Stage 0
- Stage i
- Stage ii
- Stage iii
- Stage iv
On the basis of cancer stages, the global colorectal cancer diagnostics market is segmented into stage 0, stage I, stage II, stage III, and stage IV.
Age Group
- Geriatric
- Adults
- Pediatric
On the basis of age group, the global colorectal cancer diagnostics market is segmented into geriatric, adults, and pediatric.
End User
- Hospitals
- Diagnostic Centers
- Cancer Research Centers,
- Ambulatory Surgical Centers,
- Academic Institutes
- Others
Key highlights of this Market report:
- Growth rate
- Remuneration prediction
- Consumption graph
- Market concentration ratio
- Secondary industry competitors
- Competitive structure
- Major restraints
- Market drivers
- Regional bifurcation
- Competitive hierarchy
- Current market tendencies
- Market concentration analysis
What benefits does the DBMR study is going to provide?
- Latest industry influencing trends and development scenario
- Open up New Markets
- To Seize powerful market opportunities
- Key decision in planning and to further expand market share
- Identify Key Business Segments, Market proposition & Gap Analysis
- Assisting in allocating marketing investments
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Market Regulations
- Market Overview
Continued…
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Key Benefits of the Report:
- This study presents the analytical depiction of this industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of this market share.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed this industry analysis based on competitive intensity and how the competition will take shape in the coming years.
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