Lung Cancer Screening Market By Type (Low-dose computed tomography (LDCT), X-ray), By Age group (50 and older, Below 50), By End User (Hospitals, Diagnostic Centers, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global lung cancer screening market was valued at $879.59 million in 2021, and is projected to reach $1,853.04 million by 2031, registering a CAGR of 7.7% from 2022 to 2031.
Lung cancer screening refers to methods for detecting early lung cancer before they cause symptoms at a point where they are more likely to be cured. Lung cancer is the most common type of cancer that begins in the lungs. Cigarette smoking is the main cause of lung cancer. Based on the microscopic appearance, the tumor cells are classified into small cell lung cancers (SCLC) and non-small cell lung cancers (NSCLC). The recommended screening test for lung cancer are low-dose computed tomography and X-ray.
The growth of global lung cancer screening market is majorly driven by alarming increase in prevalence of lung cancer across the globe, increase in smoking population, and technological innovations in screening methods. For instance, the American Society of Clinical Oncology (ASCO) in 2020, stated that the lung cancer is the 2nd most common type of cancer in women and men. In addition, rise in efforts taken by government for early stage detection of lung cancer propels the growth of the market.
Furthermore, rise in awareness regarding early stage screening for lung cancer and surge in the incidences of lung cancer are responsible to increase the demand for effective screening tests. These factors are expected to create growth opportunities for the lung cancer screening market during the forecast period.
However, high cost of screening tests and lack of awareness regarding screening techniques in the developing countries are the factors expected to hamper the growth of the market.
The lung cancer screening market is segmented into type, age group, end user, and region. By type, the market is categorized into low-dose computed tomography (LDCT) and X-ray. On the basis of age group, the market is segregated into 50 and older and below 50. By end user, the market is classified into hospitals, diagnostic centers, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major key players that operate in the global lung cancer screening market are Canon Medical Systems U.S. Inc., Eon Health, Fujifilm Holdings Corporation, General Electric Company (GE Healthcare), Koninklijke Philips N.V., Medtronic Plc, Microsoft Corporation (Nuance Communications, Inc.), Penrad Technologies Inc., Siemens Ag, and Volpara Solutions Limited.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the lung cancer screening market analysis from 2021 to 2031 to identify the prevailing lung cancer screening 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 lung cancer screening 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 lung cancer screening market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Low-dose computed tomography (LDCT)
X-ray
By Age group
50 and older
Below 50
By End User
Hospitals
Type
Public
Private
Diagnostic Centers
Others
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
Canon Medical Systems Corporation
Eon Health
FUJIFILM Holdings Corporation
General Electric incorporated (GE Healthcare)
Koninklijke Philips N.V.
Medtronic plc
Nuance Communications, Inc.
Penrad Technologies Inc
Siemens AG (Siemens Healthineers AG)
Volpara Solutions Limited
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