Lung Cancer Diagnostic and Screening Market - Global Industry, Analysis, Size, Share, Trends, and Forecasts 2020 - 2030

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Lung Cancer Diagnostic and Screening Market - Global Industry, Analysis, Size, Share, Trends, and Forecasts 2020 - 2030

Status : March, 2023 | Biotechnology

Report Digest

Lung Cancer Diagnostic and Screening Market: Overview

Lung cancer screening is an interaction that is utilized to recognize the presence of lung cancer in a healthy person with a high danger of lung cancer. Lung cancer screening is suggested for old adults who are accustomed to long-term smoking habits and don't convey any signs of lung cancer. The increasing population of smokers worldwide is a prime factor augmenting the growth of the global market for lung cancer diagnostic and screening during the forecast period set between 2020 and 2030.

The global lung cancer diagnostic and screening market is classified on the basis of test type, cancer type, end user, and regions. In terms of test type, the market is divided into biomarker tests, imaging tests, and biopsy. Among these, the biomarker test segment is again divided into HER2 Test, ALK Test, KRAS Mutation Test, and EGFR Mutation Test. Based on categorization by imaging test, the market is categorized into chest X-ray, positron Emission tomography (PET) Scan, Computed Tomography (CT) scan, and others. The Biopsy segment is again divided into open biopsy, bronchoscopy biopsy, needle biopsy, and others. On the basis of cancer type, the global lung cancer diagnostic and screening market is bifurcated into small cell lung cancer, and non-small cell lung cancer. With respect to end user, the market is classified into diagnostic imaging centers, independent diagnostic laboratories, and hospital associated labs.

The report on the global lung cancer diagnostics and screening market is based on a comprehensive overview of the market and its prime growth trajectories such as growth boosting factors, challenges, and upcoming trends and opportunities. It also discusses the table of segmentation in details and mentions the leading segment and the revenue it generates or will generate in the forecast period. Additionally, the report highlights the impact of the novel COVID19 pandemic on this market and how can manufacturers gain impetus during this time. The report is available for sale on the company website.

Lung Cancer Diagnostic and Screening Market: Competitive Landscape

The nature of the global lung cancer diagnostic and screening market is highly competitive on account of the presence of multiple players. The key objective of the players is to obtain regulatory approvals from required associations such as the US FDA and others for use of next-generation sequencing technology. Such technology will help identify specific mutations in some patients.

Some of the notable players of the global lung cancer diagnostic and screening market include:

  • Sanofi
  • Myriad Genetics Inc.
  • Thermo Fischer Scientific
  • Illumina Inc.
  • NeoGenomics
  • Janssen Pharmaceuticals Inc.
  • F.Hoffmann-La Roche Ltd.
  • Danaher
  • Abbott
  • Quest Diagnostics Incorporated
  • NanoString
  • AstraZeneca

Lung Cancer Diagnostic and Screening Market: Industry Development

  • The first liquid biopsy companion diagnostic test was approved by the United States FDA for the identification of patients with specific mutation that will help in the growth of the EGFR or epidermal growth factor receptor gene via the next-generation technology or NGS.

Lung Cancer Diagnostic and Screening Market: Growth Opportunities

The presentation of innovative headways as to exactness, cost-viability, and precision; the developing mindfulness levels among the populace, and the accessibility of private and government assets for R&D to foster better tumor demonstrative apparatuses are a portion of the variables expected to additional fuel the market development over the estimate time frame.

Lung Cancer Diagnostic and Screening Market: Regional Insights

Regionwise, the market is dominated by North America on account of the presence of high smoker population and a well-established healthcare center for sufficing to the treatment needs of patients with lung cancer. Asia Pacific will also gain significant revenues in the forecast period on account of the increasing cases of lung cancer, and the increasing demand for screening options.

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5-Point Growth Formula

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The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

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Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?