Global Cancer Test Kit
Market Report
2025
The cancer test kit market was valued at USD 6036.90 million in 2022 and will reach USD 20204.67 million by 2030, registering a CAGR of 16.3% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The cancer test kit market was valued at USD 6036.90 million in 2022 and will reach USD 20204.67 million by 2030, registering a CAGR of 16.3% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Cancer Test Kit Market Sales Revenue 2022 | $ 6036.9 Million |
Global Cancer Test Kit Market Sales Revenue 2030 | $ 20204.7 Million |
Global Cancer Test Kit Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 16.3% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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What is a cancer test kit?
Cancer test kits are quick diagnosis test apparatus that helps to detect and screen the type of cancer in the patient. Owing to its quick results early detection is possible and can be treated at early stages. For the screening test, the patient may need to collect blood, urine, or other samples. The test is screened for cancer due to the presence of specific biomarkers in the samples. the specific markers can be antibodies or gene mutations. Therefore, this indicates that a person has a higher chance of developing a particular type of cancer.
The rise in cancer cases causes a significant impact globally. It accounts for the mortality rate across the globe and the growing technological markets encourage physicians to emphasize greatly on its treatment and prevention. As reported by World Health Organization (WHO), it is estimated that 10 million deaths have occurred globally in 2020. However, cancer mortality is higher in underdeveloped countries due to the late detection of the cancer stage and lack of access to treatments. According to GLOBACAN 2020, the number of cancer cases was estimated to rise to 37.5 million among the population. The biomarkers present in the cancer test kits allow the identification of genes, proteins, and antibodies in the sample, which indirectly tests the presence of cancer. Thus, the increasing prevalence of cancer and growing awareness of its early diagnosis and treatment increases the demand for the cancer test kit market. However, this growing awareness of cancer diagnostics integrated with technological advancements will further drive the market growth of cancer test kits.
Restraining factor
Cancer test kits are used by patients at their homes. The screening is done according to their convenience. But these diagnostic test kits for cancer bear very high costs, which may deprive the patient to adopt such kits. The cost of cancer test kits ranges from USD 40 to USD 100. Moreover, patients can get a discount by placing a significant financial load on healthcare providers. According to the National Cancer Institute, the national economic impact of cancer-related costs was almost around USD 150 billion. Other factors responsible for hindering the market growth are false positive results from these test kits and issues related to accuracy. Therefore, all such factors contribute to impede the market growth of cancer test kits.
Impact of the COVID-19 Pandemic on the Cancer Test Kit Market:
The COVID-19 pandemic had significantly impacted the cancer test kit market. Rapidly spreading contagious infection had encouraged the population to use at-home solutions for the prevention of the risk of viral transmissions. The at-home test kits demand was increased rapidly due to their convenience and quick results. Similarly, the cancer test kits were patient-compatible and cost-effective and hence a substantial growth of its market was observed during the pandemic. Moreover, stool-based screening tests that patients perform at home, were overshadowed by colonoscopy and thereby its market got boosted. The hospitals postponed and only performed certain emergency procedures to preserve resources and prevent coronavirus transmission. During the pandemic, lockdowns and strict regulations were imposed on healthcare institutions and healthcare providers. Therefore, this resulted in a shift from hospital care to home care. There was seen decline in physician visiting and consultation which had given rise to the at home testing kits like cancer test kits. Thus, it was not necessary for patients to visit the hospital, or diagnostic centres for cancer testing.
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In July 2022
LabCorp, a leading global life sciences company, announced an expansion of its automated clinical trial kit production line in Mechelen, Belgium. The expansion allowed for clinical trial test kits to be fulfilled in Mechelen for more than 70 countries throughout Europe, the Middle East and Africa (EMEA). The company with its global growth and expansion strategy, supported customers’ needs, convenience of clinical trial testing, and delivery across EMEA.
Top Companies Market Share in Cancer Test Kit Industry: (In no particular order of Rank)
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North America is expected to dominate the cancer test kit market during the forecast period.
The largest market share is dominated by North America due to the rising prevalence of cancer in this region. As reported in the statistics, by the Government of Canada, about 229,100 people in Canada were diagnosed with cancer. The rising burden of cancer majorly needed early-stage diagnostics and treatment. The development of cancer test kits serves as a minimally invasive procedure for patients and ascertains high accuracy in detecting multiple cancers. Therefore, this region with high disposable income and the presence of multiple market players is expected to increase the adoption of cancer test kits during the forecast period. Also, the rising innovation in technologies and healthcare systems in this region has significantly enhanced the market growth for the treatment of cancer. Hence, drives the growth of the cancer test kit market.
The current report Scope analyzes Cancer Test Kit Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Cancer Test Kit Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Cancer Test Kit Industry growth. Cancer Test Kit market has been segmented with the help of its Type, Application , and others. Cancer Test Kit market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The blood test segment accounts for a significant market share during the forecast period.
The blood test is the most common type of diagnostic test. It is the common biological sample used for conducting numerous tests, including the Complete Blood Count (CBC), Prostate-Specific Antigen (PSA) Test, and Cancer Antigen 125 (CA 125) Test. This helps in identifying and detecting the presence of various tumor biomarkers in the body. Due to their accuracy, precision, and capacity to identify a variety of cancers, blood testing is more popular. For instance, researchers have recently developed liquid biopsy techniques that assist the detection of cancer biomarkers. Such developments are expected to further increase the adoption of blood-based cancer test kits and thereby fueling its market growth.
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The breast cancer segment is expected to hold the largest market share from the years 2023-2030
The rising incidences of breast cancer and increasing awareness of early-stage diagnosis of cancer drive the market growth of this segment globally. For instance, from the statistics of the Breast Cancer Research Foundation, over 2.3 million women were diagnosed with breast cancer in 2020 and around 685,000 individuals lost their lives. The increasing awareness about the risks and chances of having breast cancer was spread through various workshops, campaigns, and medical programs. This indirectly increased the demand for breast cancer-based test kits. Furthermore, recent technological advances in diagnostic testing have made it easier for the detection of abnormalities in the BRCA genes that results in breast cancer. Therefore, all such factors are expected to drive the market growth of cancer test kits.
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Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Cancer Test Kit Market is witnessing significant growth in the near future.
In 2023, the Blood Test segment accounted for noticeable share of global Cancer Test Kit Market and is projected to experience significant growth in the near future.
The Breast Cancer segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Abingdon Health , NanoEntek and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Blood Test, Urine Test, Others |
Application | Breast Cancer, Colorectal Cancer, Lung Cancer, Others |
List of Competitors | Abingdon Health, Exact Sciences, NanoEntek, Abbott, IDL Biotech, Alfa Scientific Designs, Hologic, Biosynex, Biomerica, Firstep Bioresearch, LifeAssays |
This chapter will help you gain GLOBAL Market Analysis of Cancer Test Kit. Further deep in this chapter, you will be able to review Global Cancer Test Kit Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Cancer Test Kit market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Blood Test have a significant impact on Cancer Test Kit market? |
What are the key factors affecting the Blood Test and Urine Test of Cancer Test Kit Market? |
What is the CAGR/Growth Rate of Breast Cancer during the forecast period? |
By type, which segment accounted for largest share of the global Cancer Test Kit Market? |
Which region is expected to dominate the global Cancer Test Kit Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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