2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

Which Primary Drivers Are Supporting the Continued Market Growth of theCancer Diagnostics Market?

The high prevalence of various types of cancers is a key driver of the cancer diagnostics market. The rising incidence of cancer has led more people to seek diagnoses and treatment. According to the World Health Organization (WHO), cancer is the second-leading cause of death worldwide. The National Cancer Institute (NCI) has projected that the number of new cancer cases per year will reach 23.6 million by 2030.

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How Has the Cancer Diagnostics Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?

The cancer diagnostics market has seen rapid expansion. It will increase from $23.24 billion in 2024 to $25.73 billion in 2025, achieving a CAGR of 10.7%. Contributing factors include the rising incidence of cancer, widespread screening programs, the growth of personalized medicine, and improved public awareness.

The cancer diagnostics market is set for rapid growth, projected to reach $40.82 billion by 2029 at a CAGR of 12.2%. Key drivers include the growth of emerging markets, AI and machine learning, and increased focus on early detection. Major trends include liquid biopsies, multi-omics approaches, and the expansion of point-of-care testing technologies.

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How Are Consumer Market Innovations Shaping the Current and Future Landscape of theCancer Diagnostics Market?

The cancer diagnostics market is seeing a growing trend toward AI-based detection systems. AI enhances the precision of image-based cancer diagnostics, especially for breast and lung cancers, by catching them in earlier stages and reducing false positives. For example, researchers at Naval Medical Center San Diego and Google AI created an algorithm for lymph node biopsy evaluation that improved metastatic breast cancer detection accuracy to 99%.

Who Are the Key Market Players Influencing the Growth of the Corn and Cancer Diagnostics Industry?

Major companies operating in the cancer diagnostics market include Abbott Laboratories, Becton Dickinson and Company, Hologic, GE Healthcare Ltd., Thermo Fisher Scientific, Siemens Healthcare GmbH, Accuray, Elekta AB, C.R. BardInc., Biogenex Laboratories, Eckert & Ziegler BEBIG, Veracyte, PathAI, Bio-Rad Laboratories, Biochain, DiagnoCure, Illumina, Myriad Genetics, CompanionDx, Epic Sciences, Eli Lilly and Co, Genomic Health, Affymetrix, Agilent Technologies, Adaptive Biotechnologies, Biocartis, Biocept, Cancer Genetics Inc., Caris Life Sciences, Cepheid, Epigenomics AG, Exact Sciences, Foundation Medicine, GenMark Diagnostics, Guardant Health, HalioDX, IBA group, Invitae Corporation, Medtronic plc, NanoString Technologies, Natera, NeoGenomics, Oncura Inc., PerkinElmer, Personal Genome Diagnostics, Qiagen, Roche Diagnostics, Theragenics Corporation, Varian Medical SystemsInc.

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Which Key Market Segments Comprise the Cancer Diagnostics Market and Drive Its Revenue Growth?

The cancer diagnostics market covered in this report is segmented –

1) By Products: Companion Diagnostics, Molecular Diagnostics

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

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

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

Subsegments:

1) By Companion Diagnostics: Biomarker-Based Companion Diagnostics, Genetic Testing-Based Companion Diagnostics, Immunohistochemistry-Based Companion Diagnostics, PCR-Based Companion Diagnostics, Other Companion Diagnostics,

2) By Molecular Diagnostics: Polymerase Chain Reaction (PCR) Diagnostics, Next-Generation Sequencing (NGS) Diagnostics, In Situ Hybridization Diagnostics, Microarray-Based Diagnostics, DNA Or RNA Extraction Kits, Other Molecular Diagnostics

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Which Regions Are Emerging as Leaders in the Cancer Diagnostics Market?

North America was the largest region in the cancer diagnostics market in 2023. Asia-Pacific was the second-largest region in the global cancer diagnostics market. The regions covered in the cancer diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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