How Will The Cervical Cancer Diagnostics Market Grow In 2022?
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The cervical cancer diagnostics market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 6%, as per The Business Research Company’s market report!
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The Cervical Cancer Diagnostics Market Size In 2022 And Forecast
The global cervical cancer diagnostics market is expected to grow from $7.78 billion in 2021 to $8.29 billion in 2022 at a compound annual growth rate (CAGR) of 6.7%. 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, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The cervical cancer diagnostics market is expected to grow to $10.54 billion in 2026 at a CAGR of 6.2%.
The cervical cancer diagnostics market consists of sales of cervical cancer diagnostic devices and related services by entities (organizations, sole traders, and partnerships) that produce cervical cancer diagnostics devices.
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Rise In The Adoption Of Cervical Cancer Diagnostic Tests For The Early Detection Is Driving The Growth Of The Cervical Cancer Diagnostics Market
For instance, in August 2019, the United States Preventive Services Task Force has updated its screening guidelines for cervical cancer, which specifies that women between ages 21 to 29 should be screened with a Pap test every 3 years, women between ages 30 to 65 should be screened with any of three tests, namely high-risk HPV testing alone, Pap and high-risk HPV contesting for every 5 years and Pap test alone for every 3 years. The rising adoption of cervical cancer diagnostic tests and emphasis on early diagnosis propels the market.
Competitive Landscape And The Regional Analysis Of The Cervical Cancer Diagnostics Market
Major players in the cervical cancer diagnostics market are Abbott Laboratories, Becton, Dickinson and Co, Bio-Rad Laboratories Inc, F. Hoffmann-La Roche Ltd, Hologic Inc, QIAGEN NV, Quest Diagnostics Inc, Siemens Healthineers AG, Zilico, and Guided Therapeutics.
Additionally, as per TBRC’s research – North America was the largest region in the cervical cancer diagnostics market in 2021 holding the largest market share.
The Cervical 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 cervical 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 cervical cancer diagnostics market.
Increasing Adoption Of HPV Home Testing Kits – A Key Trend In The Cervical Cancer Diagnostics Market
The home-based HPV testing kits help women in collecting samples and getting the results conveniently on their own without going to the lab for screening. Therefore, companies are focusing on providing convenience to patients.
Cervical Cancer Diagnostics Market Segmentation By The Business Research Company
1) By Diagnostic Test: Pap Smear Test, HPV Test, Colposcopy, Biopsy and Endocervical Curettage, Other Diagnostic Tests
2) By End User: Hospitals, Specialty Clinics, Cancer and Radiation Therapy Centres, Diagnostic Centres
3) By Age Group: Below 21, Age between 21 to 29, Age between 30 to 65, Above 65
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