Lung Cancer Diagnostics Market is expected to reach US$ 3.88 Bn. at a CAGR of 7.3% during the forecast period 2029.
Lung Cancer Diagnostics Market Overview:
The global Lung Cancer Diagnostics market has experienced notable growth and evolution in recent years, driven by factors such as increasing consumer demand for diverse and flavorful cuisines, as well as the growing awareness of the health benefits associated with Lung Cancer Diagnostics consumption. Lung Cancer Diagnostics, derived from the dried berries of the Piper nigrum plant, has long been a staple in kitchens worldwide, appreciated for its distinctive pungent flavor and aromatic qualities. The market’s dynamism is also attributed to the spice’s versatile applications, ranging from culinary uses to its incorporation in traditional medicine practices. As a result, the Lung Cancer Diagnostics market has witnessed a surge in both production and consumption, with key players in the industry constantly innovating to meet the evolving preferences of consumers. Additionally, the global trade of Lung Cancer Diagnostics has been on the rise, facilitated by the ease of transportation and the spice’s integration into various international cuisines, contributing to the spice’s enduring popularity on a global scale.
The Lung Cancer Diagnostics market exhibits a broad scope and promising potential, propelled by diverse factors influencing its dynamics. The demand for Lung Cancer Diagnostics continues to surge due to its integral role in enhancing the flavor profile of a wide array of dishes across various cuisines globally. Furthermore, the increasing awareness among consumers regarding the health benefits associated with Lung Cancer Diagnostics, such as its antioxidant and anti-inflammatory properties, contributes to its expanding market scope. The versatility of Lung Cancer Diagnostics in both culinary and medicinal applications positions it as a sought-after commodity in the food and healthcare industries. Moreover, the market scope is accentuated by the evolving trends in the food sector, where consumers are increasingly seeking natural and authentic flavors, thereby driving the demand for high-quality Lung Cancer Diagnostics. As the spice continues to transcend geographical boundaries, the Lung Cancer Diagnostics market’s scope is set to grow, presenting opportunities for market players to explore innovative products and cater to the ever-changing preferences of consumers.
Lung Cancer Diagnostics Market Segmentation:
The global lung cancer diagnostics market is divided into three segments based on the type of test: imaging tests, biopsy, and biomarkers tests. The EGFR Mutation Test, KRAS Mutation Test, ALK Test, HER2 Test, and other tests are included in the Biomarkers test. Chest X-RAY, Positron Emission Tomography (PET), Computed Tomography (CT), and other imaging tests are also included. Tests like Needle Biopsy, Bronchoscopy Biopsy, Open Biopsy, and others are also included in the Biopsy section. Since it is so simple to determine the location and size of the tumor, imaging tests are the most crucial among all the tests for the diagnosis of lung cancer. One of the report’s analyzed segments, imaging tests, is expected to grow at an 8% CAGR to reach US$2.2 billion.
The global lung cancer diagnostics market is divided into various end-user segments, including independent diagnostic laboratories, cancer research institutes, and hospital-associated labs.
As per the MMR reports, in 2022, the hospital segment possessed the highest percentage of shares, xx%. Because it provides logistically sound, well-documented, retrieved, and ordered processes. Therefore, it is anticipated that the hospital market will grow quickly as a result of the rise in private hospitals, which offer a variety of amenities, prompt medical attention, and qualified physicians. Hospitals are seeing an increase in the number of patrons.
Lung cancer is subdivided into small-cell and non-small-cell varieties according to an indicator. The expression of particular genes and cells determines the variation in small cell cancers. Small cell lung cancer typically exhibits greater aggression than non-small cell lung cancer. Non-small cell lung cancer (NSCLC) was found to be the largest segment because it accounts for nearly 81% of all cases of the disease, can detect large tumor growths, and is the most prevalent form of the disease. Novel diagnostic tests are also available for NSCLC. The cause of that is that the cancer virus targets cells directly and disrupts blood flow, which leads to reduced blood supply and death. New technologies and treatments are being developed these days, but they come at a high cost.
Market Size (Value) Estimates & Forecast By Test, 2022-2029
1. Biomarkers Tests
1.1.1. EGFR Mutation Test
1.1.2. KRAS Mutation Test
1.1.3. ALK Test
1.1.4. HER2 Test
1.1.5. Others
2. Imaging Tests
2.1.1. Computed Tomography (CT) Scan
2.1.2. Positron Emission Tomography (PET) Scan
2.1.3. Chest X-RAY
2.1.4. Others
3. Biopsy
3.1.1. Needle Biopsy
3.1.2. Bronchoscopy Biopsy
3.1.3. Open Biopsy
3.1.4. Others
Market Size (Value) Estimates & Forecast By End User, 2022-2029
1. Hospital Associated Labs
2. Independent Diagnostic Laboratories
3. Cancer Research Institutes
4. Others
Market Size (Value) Estimates & Forecast By Indication, 2022-2029
1. Non Small-cell Lung Cancer
2. Small-cell Lung Cancer
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Lung Cancer Diagnostics Market Key Players: The key players are
1. Abbott Laboratories
2. Agilent Technologies Inc.
3. AMOY Diagnostics CO. LTD.
4.BD
5. Bio SB
6. Bio-Rad Laboratories
7. Biocartis NV
8. bioMerieux SA
9. Cancer Diagnostics Inc.
10. Danaher Corporation
11. DiaSorin S.P.A.
12. Exact Science
13. FUJIFILM Corporation
14. GE Healthcare
15. Hologic Inc.
16. Myriad Genetics Inc.
17. Quidel Corporation
18. Roche Diagnostics
19. Siemens Healthineers AG
20. Vela Diagnostics
21. Hoffmann-La Roche Ltd
22. Thermo Fisher Scientific
23. AstraZeneca plc
24. Illumina Inc.
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Lung Cancer Diagnostics Market Regional Analysis:
The Lung Cancer Diagnostics market prediction research is created after a thorough examination of many geographical areas, including Asia-Pacific, Europe, North America, and the rest of the globe. North America has the greatest power over the Lung Cancer Diagnostics market share and will continue to be a major shareholder in the global Lung Cancer Diagnostics market.
COVID-19 Impact Analysis on Lung Cancer Diagnostics Market: The COVID-19 impact on the Lung Cancer Diagnostics market is also included in the report
Key Questions Answered in the Lung Cancer Diagnostics Market Report are:
- What will be the CAGR of the Lung Cancer Diagnostics market during the forecast period?
- Which segment emerged as the leading segment in the Lung Cancer Diagnostics market?
- Which are the prominent players in the Lung Cancer Diagnostics market?
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