Colorectal Cancer Screening Market, By Screening Tests (Stool-based Tests, Colonoscopy, CT Colonography (Virtual Colonoscopy), Flexible Sigmoidoscopy, and Other Screening Tests), By End User (Hospitals Independent Diagnostic Labs and Other End Users), and By Geography (North America, South America, Europe, Asia-Pacific, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Colorectal cancer is a type of cancer that begins in the large intestine (colon). The cancer can also be called colon cancer or rectal cancer, depending on where they start. Colorectal cancer screening is important because when found early, colorectal cancer is highly treatable. Early stages of colorectal cancer usually present no symptoms. Regular screenings may reduce the risk for death and complications caused by colorectal cancer. Screening help find cancer at an early stage, before symptoms appear. If the cancer is diagnosed at a localized stage, the survival rate is 90%. If the cancer spread to surrounding tissues or organs and/or the regional lymph nodes, the 5-year survival rate is 73%. If the cancer has spread to distant parts of the body, the 5-year survival rate is 17%.
Market Dynamics:
Increasing prevalence of colorectal cancer, increasing cancer prevention initiatives, and rise in awareness among people about colorectal cancer screening are some major factors expected to aid in the growth of the global colorectal cancer screening market during the forecast period. For instance, colorectal cancer can be a deadly disease, but without proactive screenings, it’s one that often goes unnoticed or undiagnosed in its early stages. Screenings are the No. 1 way to detect colorectal cancers and in most cases are covered 100% by most insurance plans. The US government, in 2021, declared March as the National Colorectal Cancer Awareness Month to increase awareness on colorectal cancer management, bringing attention to colorectal cancer, the third most commonly diagnosed cancer in the U.S.
Key features of the study:
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