Hereditary Cancer Testing Market By Cancer Type (Breast Cancer, Gastric Cancer, Ovarian Cancer, Prostate Cancer, Colorectal Cancer, Other Cancers), By Test Type (Predictive Testing, Diagnostic Testing), By End User (Diagnostic Centers, Hospitals, Clinics): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global hereditary cancer testing market was valued at $3,510.29 million in 2021, and is projected to reach $10,087.49 million by 2031, registering a CAGR of 11.6% from 2022 to 2031.
Genetic testing helps estimate the chance of developing cancer in the lifetime. This can be done by searching for specific changes in the genes, chromosomes, or proteins called mutations. Genetic tests are available for some types of cancer which include breast cancer, ovarian cancer, colon cancer, prostate cancer, pancreatic cancer, kidney cancer and stomach cancer. People who are concerned about whether their family history puts them at risk for cancer should consult with a genetic counselor. The features of personal or family medical history of a person that particularly is in combination, may suggest a hereditary cancer syndrome such as the cancer was diagnosed at an unusually young age or several different types of cancer occurred in the same person. Moreover, hereditary cancer testing can also verify the type of cancer inherited in the person. If a person in the family has already been found to have an inherited cancer susceptibility syndrome, then any family members who could have inherited the variant should consider genetic testing. It is because knowing about the risks may help to prevent a future cancer.
The growth of the hereditary cancer testing market is driven by rise in geriatric population and increase in incidence of cancer across the globe, and surge in the government expenditure on healthcare. Moreover, increase in awareness regarding the hereditary cancer testing and favorable reimbursement policies contribute toward the growth of the market. However, lack of skilled professionals and high cost of the tests are expected to hinder the growth of the market. Conversely, high growth potential in untapped emerging economies is expected to create lucrative opportunities for the market.
The hereditary cancer testing market is segmented on the basis of cancer type, test type, end user, and region. On the basis of cancer type, the market is categorized into breast cancer, gastric cancer, ovarian cancer, prostate cancer, colorectal cancer, other cancers. On the basis of test type, the market is classified into predictive testing and diagnostic testing. On the basis of end user, the market is classified into diagnostic centers, hospitals and clinics. Furthermore, the hospitals segment is sub-classified by type as private and public. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include Abbott Laboratories, Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., Danaher Corporation, Eurofins Scientific SE, F. Hoffmann-La Roche AG, Illumina, Inc., Myriad Genetics, Inc., Qiagen N.V., Thermo Fisher Scientific, Inc.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hereditary cancer testing market analysis from 2021 to 2031 to identify the prevailing hereditary cancer testing market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the hereditary cancer testing market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global hereditary cancer testing market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Cancer Type
Breast Cancer
Gastric Cancer
Ovarian Cancer
Prostate Cancer
Colorectal Cancer
Other Cancers
By Test Type
Predictive Testing
Diagnostic Testing
By End User
Diagnostic Centers
Hospitals
Type
Private
Public
Clinics
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest Of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest Of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest Of LAMEA
Key Market Players
Abbott Laboratories
Bio-Rad Laboratories, Inc.
CSL Ltd.
Danaher Corporation
EUROFINS SCIENTIFIC
F. HOFFMANN-LA ROCHE LTD
Illumina, Inc.
Myriad Genetics, Inc.
Qiagen NV
Thermo Fisher Scientific, Inc.
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