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How Will the CAGR of the Liver Cancer Diagnostics Market Influence Its Overall Growth by 2034?

The market size for liver cancer diagnostics has seen robust growth in the past years. The market is projected to expand from $9.69 billion in 2024 to $10.4 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%. The growth observed in the historical period is linked to biopsy procedures and histopathology advancements, the progress of biomarker detection, development of screening programs, genetic testing advancements, and improvements in liver imaging modalities.

In the coming years, the market size for liver cancer diagnostics is anticipated to experience significant growth, reaching “$13.86 billion by 2029, with a compound annual growth rate (CAGR) of 7.4%. This growth during the forecast period is attributable to regulatory modifications and standardization, the increasing significance of imaging modalities, the emergence of next-generation sequencing, expanded screening procedures, and heightened awareness, as well as the growing demand for testing based on biomarkers. The forecast period also suggests major trends such as a rise in incidence and prevalence, advancements in imaging technologies, emphasis on non-invasive diagnostics, precision and personalized diagnostics, and the integration of artificial intelligence (AI).

What Are the Primary Drivers Supporting the Growth of the liver cancer diagnostics Market?

The increasing occurrence of liver cancer is anticipated to drive the expansion of the liver cancer diagnostics market. Liver cancer involves the uncontrolled growth and multiplication of liver cells, leading to a serious disease. Diagnostic tests are conducted to determine if these cancer cells are spreading within the liver or to its surroundings after an initial diagnosis of liver carcinoma. Therefore, an increased incidence of liver cancer fuels the growth of this diagnostic market. For instance, the Cancer Facts & Figures 2023 report released in January 2023, by the American Cancer Society, a voluntary health body in the US, reported a rise in the number of new cases of liver and intrahepatic bile duct cancer in females in the United States from 12,640 in 2020 to 13,230 in 2023. Moreover, in the same report, they predicted a total of 41,210 new cases of liver cancer in 2023 in the US, with anticipated death toll reaching 29,380. Consequently, increasing prevalence of liver cancer has been a catalyst for growth in the liver cancer diagnostic market.

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Who Are the Leading Companies Pioneering Change in the Liver Cancer Diagnostics Market?

Major companies operating in the liver cancer diagnostics market include:

• Abbott Laboratories_x000D_

• F. Hoffmann-La Roche Ltd._x000D_

• Qiagen NV_x000D_

• Thermo Fisher Scientific Inc._x000D_

• Siemens Healthineers_x000D_

What Are the Most Significant Trends Transforming the Liver Cancer Diagnostics Market Today?

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Which Industry Segments Are Leading the Development and Expansion of the Liver Cancer Diagnostics Market?

The liver cancer diagnostics market covered in this report is segmented –

1) By Type: Hepatocellular Carcinoma, Cholangiocarcinoma, Hepatoblastoma, Other Types

2) By Screening: Laboratory Testing, Imaging, Endoscopy, Biopsy, Other Screenings

3) By Technology: Fluorescent In Situ Hybridization (FISH), Comparative Genomic Hybridization (CGH), Immunohistochemical (IHC), Other Technologies

4) By End Use: Hospitals And Diagnostic Laboratories, Academic And Research Institutes, Pharmaceutical And CRO Laboratories

Subsegments:

1) By Hepatocellular Carcinoma: Early-Stage Hepatocellular Carcinoma, Advanced-Stage Hepatocellular Carcinoma

2) By Cholangiocarcinoma: Intrahepatic Cholangiocarcinoma, Extrahepatic Cholangiocarcinoma

3) By Hepatoblastoma: Pure Hepatoblastoma, Mixed Hepatoblastoma

4) Other Types: Secondary Liver Cancer, Fibrolamellar Carcinoma

Which Regions Are Leading the Charge in Liver Cancer Diagnostics Market Development?

North America was the largest region in the liver cancer diagnostics market in 2024. The regions covered in the liver cancer diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

How Is the Definition of the Liver Cancer Diagnostics Market Impacting Future Growth?

Liver cancer diagnostics refers to the various methods employed to detect and diagnose liver cancer, a type of cancer that originates in the liver. It is used for the early detection and diagnosis of liver cancer via imaging and molecular testing.

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