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Population Screening Market: What is the Projected CAGR for 2024-2033?

The market size of population screening has seen a robust growth in the recent past. From a value of $27.02 billion in 2023, it is expected to increase to $29.12 billion in 2024, growing at a compound annual growth rate (CAGR) of 7.8%. Factors such as disease prevention measures, government health policies, the surge in healthcare costs, and a heightened awareness of diseases have contributed to the growth in the historic period.

The market size for population screening is forecasted to experience substantial growth in the coming years, reaching a value of $37.93 billion by 2028 with a CAGR at 6.8%. This anticipated growth through the forecast period can be tied to the move towards personalized medicine, a rise in chronic diseases and an aging population, the use of AI and data analytics in healthcare, and increased access to screening. Key trends to watch during this period include advancements in medical technology, genomic and precision screenings, telehealth and remote screening capabilities, multi-disease screening panels, and improvements to health equity and accessibility.

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What Are the Primary Drivers Supporting the Growth of the population screening Market?

The growth of the population screening market is anticipated to be driven by the increasing prevalence of cancer. Cancer, a disease characterized by abnormal cell growth and propagation throughout the body, can be detected early through population screening. Early detection often leads to more effective treatment and improved prognosis. As pointed out by the American Cancer Society, a volunteer health organization based in the U.S, about 1.96 million new cancer cases are forecasted for 2023 in the U.S., up from roughly 1.9 million new cases recorded in 2021. Hence, the growing incidence of cancer is fuelling the expansion of the population screening market.

What Are the Core Segments of the Population Screening Market?

1) By Product: Hardware Equipment, Testing Or Lab, Analytics Or Interpretation

2) By Gender: Male, Female

3) By Age: Ages Less Than 15, 15-65, Ages 65 And Above

4) By Business: Hospitals, Research Institutes, Diagnostic Labs

What Trends Are Paving the Way for Change in the Population Screening Market?

The primary trend that is gaining traction in the population screening market is technological innovations. In order to stay competitive, leading companies in the market are implementing cutting-edge technologies. For example, Evoq Technologies LLC, a U.S. company that specializes in developing next-gen technology for healthcare and biotech research, introduced SmartERG, the first retinal health testing platform operated via phone, in May 2021. The device operates by flashing a controlled light into the eye and recording both an electrical and physiological reaction from the retina. This allows the early detection of retinal diseases that can potentially lead to vision problems or blindness, based on the presence of slowed or diminished visual responses. Further, the device offers cloud services fortified by strong AI and machine learning capacity, efficient connections between patients and providers, and ophthalmic care.

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Which Regions Are Leading the Charge in Population Screening Market Development?

North America was the largest region in the population screening market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the population screening market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Population Screening Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the population screening market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Population Screening Market Include

1. Population Screening Market Executive Summary

2. Population Screening Market Segments

3. Population Screening Market Size And Template Market Growth Rate

4. Key Population Screening Market Trends

5. Major Population Screening Market Drivers

……

25. Key Mergers And Acquisitions In The Population Screening Market

26. Top Population Screening Companies

27. Population Screening Market Opportunities And Strategies

28. Population Screening Market, Conclusions And Recommendations

29. Appendix

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