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The cancer diagnostics market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 11%, as per The Business Research Company’s market report!

Read More On The Cancer Diagnostics Market Report 2022 – https://www.thebusinessresearchcompany.com/report/cancer-diagnostics-global-market-report

The Cancer Diagnostics Market Size In 2022 And Forecast
The global cancer diagnostics market grew from $17.2 billion in 2021 to $19.18 billion in 2022 at a compound annual growth rate (CAGR) of 11.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The cancer diagnostics market is expected to grow to $29.64 billion in 2026 at a CAGR of 11.5%.

The cancer diagnostics market consists of sales of cancer diagnostic devices and equipment.

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Increase In The Prevalence Rate Of Various Types Of Cancers Is Driving The Growth Of The Cancer Diagnostics Market
In addition, according to the World Health Organization (WHO), cancer was the second-leading cause of death worldwide. The National Cancer Institute (NCI) has estimated the number of new cancer cases per year to reach 23.6 million by 2030.

Competitive Landscape And The Regional Analysis Of The Cancer Diagnostics Market
Major players in the cancer diagnostics market are Abbott, Becton Dickinson and Company, Hoffmann-La Roche Ltd, GE Healthcare Ltd., Thermo Fisher Scientific, Siemens Healthcare GmbH, Accuray, Illumina, Elekta AB, and C.R. BardInc.

Additionally, as per TBRC’s research – North America was the largest region in the cancer diagnostics market in 2021 holding the largest market share.

The Cancer Diagnostics Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the cancer diagnostics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the cancer diagnostics market.

Developing AI-Based Cancer Detection System – A Key Trend In The Cancer Diagnostics Market
AI helps in improving the accuracy of image detection in diagnostic processes such as breast cancer and lung cancer diagnostics, by detecting the cancers in early stages. AI also reduces the instances of false positives in lung cancer screening, thus, improving lung cancer detection accuracy.

Cancer Diagnostics Market Segmentation By The Business Research Company

1) By Products: Companion Diagnostics, Molecular Diagnostics

2) By End-User: Cancer Research Institutes, Diagnostic Laboratories, Hospitals, Other End Users

3) By Method: Biopsy, Endoscopy, Tumor Biomarker Tests, Imaging

4) By Application: Cervical Cancer, Breast Cancer, Liver Cancer, Blood Cancer, Kidney Cancer, Colorectal Cancer, Pancreatic Cancer, Ovarian Cancer, Melanoma, Other Applications

Here Are Some Reports Related To The Cancer Diagnostics Market –

Cervical Cancer Diagnostics Global Market Report 2022

Breast Cancer Diagnostics Global Market Report 2022

Oncology Molecular Diagnostics Global Market Report 2022

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