Latest News by Industry
DUBLIN--(BUSINESS WIRE)--Nov 1, 2022--
The "Asia-Pacific Cancer Diagnostics Market, By Diagnostic Type (Lab Testing, Genetic Testing, Imaging Testing, Biomarkers Testing, In Vitro Diagnostic Testing, Biopsy and Others), By Technology, By Application, By End-User, By Country, Competition Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.
Asia-Pacific cancer diagnostics market is expected to grow at a steady CAGR during the forecast period on account of the increasing trend of unhealthy diet amongst the population and the growing number of cancer cases in the region.
This, in turn, is propelling the market growth. Furthermore, growing efforts undertaken by the government to create awareness regarding cancer, as well as to minimize the disease burden, are anticipated to positively impact the growth of the market through 2027.
Surging demand for screening tools and techniques is further spurring the growth of the market. However, the high cost of diagnosis might hamper the growth of the market during the forecast period. Furthermore, several side effects associated with imaging solutions are expected to impede the market's growth over the next few years.
The Asia-Pacific cancer diagnostics market is segmented on diagnostic type, technology, application, end-user, company, and country. Based on diagnostic type, the market is categorized into lab testing, genetic testing, imaging testing, biomarkers testing, in vitro diagnostic testing, biopsy, and others.
The imaging testing segment dominated the market until 2021 and is expected to dominate the market during the forecast period as well. This dominance can be ascribed to the fact that imaging modalities such as computed tomography scans and magnetic resonance imaging are quick, non-invasive, and pain-free diagnostic solutions.
In addition to this, technological advancements in imaging modalities have contributed to the segmental growth. Based on end-user, the market can be fragmented into diagnostic centers, hospitals and clinics, research institutes, and others.
The hospitals and clinics segment is expected to dominate the market during the forecast period on account of increased rates of adoption of technologically advanced imaging modalities and other devices which are used in the detection of cancer.
Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions, partnerships, agreements, and new developments in order to expand their geographic reach and increase customer base.
Objective of the Study:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Asia-Pacific cancer diagnostics market.
Report Scope:
Years considered for this report:
Asia-Pacific Cancer Diagnostics Market, By Diagnostic Type:
Asia-Pacific Cancer Diagnostics Market, By Technology:
Asia-Pacific Cancer Diagnostics Market, By Application:
Asia-Pacific Cancer Diagnostics Market, By End-User:
Asia Pacific Cancer Diagnostics Market, By Country:
For more information about this report visit https://www.researchandmarkets.com/r/73k90h
View source version on businesswire.com:https://www.businesswire.com/news/home/20221101006017/en/
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
KEYWORD: ASIA PACIFIC
INDUSTRY KEYWORD: HEALTH ONCOLOGY
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/01/2022 11:11 AM/DISC: 11/01/2022 11:12 AM
http://www.businesswire.com/news/home/20221101006017/en