Cancer Diagnostics Market by Diagnostic Type (Diagnostic Imaging Tests, Biopsy and Cytology Tests, Tumor Biomarkers, and Other Diagnostic Types), Application (Breast Cancer, Lung Cancer, Cervical Cancer, Kidney Cancer, Liver Cancer, Pancreatic Cancer, Ova

Cancer Diagnostics Market by Diagnostic Type (Diagnostic Imaging Tests, Biopsy and Cytology Tests, Tumor Biomarkers, and Other Diagnostic Types), Application (Breast Cancer, Lung Cancer, Cervical Cancer, Kidney Cancer, Liver Cancer, Pancreatic Cancer, Ovarian Cancer, and Other Applications), Regional Outlook– Global Forecast up to 2030

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Cancer Diagnostics Market based on Biopsy and Cytology Tests:

• Tumor Biomarkers
• Other Diagnostic Types

Cancer Diagnostics Market based on Application:

• Breast Cancer
• Lung Cancer
• Cervical Cancer
• Kidney Cancer
• Liver Cancer
• Pancreatic Cancer
• Ovarian Cancer
• Other Applications

Cancer Diagnostics Market based on Geography:

• North America
• US
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Rest of Europe (RoE)
• Asia Pacific (APAC)
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific (RoAPAC)
• Latin America (LATAM)
• Brazil
• Argentina
• Rest of South America
• Middle East and Africa (MEA)
• UAE
• Turkey
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

An important way to assess the hereditary risk of breast and ovarian cancers is to compare panel-based tests to BRCA1/2 genetic testing. Panel-based testing has a higher clinical value and yield when it comes to detecting inherited risks for various cancers, such as colon cancer and pheochromocytoma-paraganglioma. Individuals who have genetic anomalies associated with a hereditary cancer syndrome are more likely than the general population to develop some malignancies at an earlier age than is customary. Consequently, the requirement for early detection fuels the demand for panel testing even more. For example, VistaSeq, a hereditary cancer panel created to identify genetic abnormalities linked to over 50 hereditary cancer syndromes, is available from Laboratory Corporation of America Holdings.

Because of all the advantages of the test, including early cancer detection, biopsies are predicted to rise at the fastest compound annual growth rate (CAGR) between 2024 and 2030. A biopsy also aids in assessing the cancer's aggressiveness and propensity to spread to other organs. Depending on how far the cancer has gone, a biopsy aids in the choice of a particular treatment strategy.One of the main drivers of this market's expansion is the introduction of new products. For example, OverC was approved by the FDA in January 2023 and designated as a breakthrough device. Its intended purpose is the detection of lung, ovarian, pancreatic, liver, and esophageal cancers.

In 2023, North America held a 40.37% revenue share, dominating the market. The rising incidence of cancer in the United States and Canada, coupled with medical device makers' growing emphasis on creating innovative cancer-detecting equipment, is driving the market's expansion. Product releases are also important variables affecting market expansion. For example, Nanostics Inc. declared in July 2022 that it was beginning a clinical study on bladder cancer with the goal of figuring out the best markers for the condition's early identification. With the aid of the Nanostics ClarityDX diagnostic platform, the project seeks to develop a liquid biopsy test that is less invasive for the diagnosis of bladder cancer.

Due to a number of variables, including escalating healthcare reforms, the Asia Pacific market is anticipated to grow at the quickest CAGR between 2024 and 2030. One key element propelling market expansion is the rising incidence of cancer. For example, China has a high incidence, per a report released by PubMed Central in March 2022. Lung cancer was expected to be the most frequent type, with an estimated 4.8 million new cases in China by 2022. The high cancer prevalence in the nation is therefore anticipated to propel market expansion. Major global firms are growing in the Asia Pacific area, which should have a good effect on the expansion of the sector as a whole.The governments of Singapore and Taiwan provide financial and regulatory support.

• This report illustrates the most vital attributes of the Cancer Diagnostics Market, which are driving and providing opportunities.
• This research gives an in-depth analysis of the Cancer Diagnostics Market growth on the basis of several segments in the market.
• This report presents the predictions of the past and present trends of the Cancer Diagnostics Market.
• This study also presents the competitive analysis, such as key strategies and capabilities of major players of the Cancer Diagnostics Market.