Understand How The Gastric Cancer Diagnostic Procedure Market Is Poised To Grow Through 2024-2033
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As per The Business Research Company’s Gastric Cancer Diagnostic Procedure Global Market Report 2024, the gastric cancer diagnostic procedure market is expected to show significant growth in the forecast period.
- The rise in gastrointestinal diseases is a key driver for market growth.
- These disorders affect various parts of the digestive system and supporting organs.
- A study reported 40% of 73,076 subjects from 33 nations suffered from functional gastrointestinal illnesses.
- Increased prevalence of gastrointestinal diseases contributes to market expansion.
- Major companies in the market include Pfizer Inc., Johnson & Johnson Co, F. Hoffmann La Roche Ltd., and others.
Revolutionizing Gastric Cancer Diagnosis Through The Impact Of Cutting-Edge Technologies In The Diagnostic Market
- Technological advancements play a crucial role in the market’s evolution.
- Companies are adopting new technologies to maintain their competitive edge.
- Ibex Medical Analytics launched Galen Gastric, the world’s first AI-powered solution for gastric cancer detection.
- Amgen’s acquisition of Five Prime Therapeutics for $1.9 billion in 2021 boosts diagnostic capabilities and global expansion.
- The acquisition enhances Amgen’s position in gastric cancer diagnostics and supports its international growth strategy.
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Segmentation of the Gastric Cancer Diagnostic Procedure Market
- Procedure Type:
- Endoscopic Procedure
- Biopsy
- Tissue tests
- Lab tests
- In-vitro Diagnostic Tests
- Imaging Tests
- Molecular Diagnostics
- Multiplexing Molecular Diagnostics
- Immunoassays
- Other Procedure Types
- Symptom Type:
- Symptomatic
- Asymptomatic
- Offering Type:
- Instruments
- Reagents and Consumables
- Services
- Body Fluid Type:
- Blood
- Urine
- Saliva
- Stomach Juice
- Tissue
- Other Body Fluid
- Disease Indication:
- Early Gastric Cancer
- Advanced Gastric Cancer
North America Leads in the Gastric Cancer Diagnostics Procedure Market
- North America dominated the market in 2023.
- The region’s large market share reflects advancements in diagnostics and treatment options.
- Major players in the region include Pfizer Inc., Thermo Fisher Scientific Inc., and others.
- The market’s growth is fueled by increased research funding and improved pathological analysis.
- North America’s strong healthcare infrastructure supports the adoption of advanced diagnostic procedures.
Conclusion: Advancements Driving Growth in Gastric Cancer Diagnostics
The gastric cancer diagnostic procedure market is witnessing robust growth, driven by factors such as technological advancements, rising gastrointestinal disease prevalence, and increased research funding. Companies are innovating to introduce novel diagnostic tools and improve existing procedures, thereby enhancing patient outcomes. With the adoption of cutting-edge technologies like AI and molecular diagnostics, the future of gastric cancer diagnostics looks promising. As the market continues to evolve, stakeholders must focus on collaboration and innovation to address unmet needs and improve diagnostic accuracy and efficiency.
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