The top notch Lung Cancer Diagnostics Market document endows with the basic information about industry, definition, classification, application, industry chain structure, industry overview and international market analysis. This market survey report make available the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios. As per this report, the market is expected to grow at a substantial Compound Annual Growth Rate (CAGR) during the forecast period 2023-2030. It also gives widespread study about different market segments and regions. The market underlines the global key manufacturers, to define, describe and analyze the market competition landscape with the help of SWOT analysis.
Increasing healthcare expenditure on cancer diagnosis and treatment is expected to give opportunities to the market to enhance the treatment. However, the high cost of testing and strict regulations and standards for the approval and commercialization of cancer diagnostic products may challenge market growth.
The global lung cancer diagnostics market is supportive and aims to reduce the progression of the disease. Data Bridge Market Research analyses that the global lung cancer diagnostics market will grow at a CAGR of 14.2% during the forecast period of 2023 to 2030.
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Cancer begins in the lungs and most often occurs in people who smoke. Two major types of lung cancer are non-small cell lung cancer and small cell lung cancer. Causes of lung cancer include smoking, second-hand smoke, exposure to certain toxins, and family history.
Symptoms include a cough (often with blood), chest pain, wheezing, and weight loss. These symptoms often don't appear until the cancer is advanced. Treatments vary but may include surgery, chemotherapy, radiation therapy, targeted drug therapy, and immunotherapy.
Recent Developments
· In October 2022, Quest Diagnostics announced a new chapter of the partnership with Decode Health. This partnership has aided the business in decreasing the time and expense involved in creating fresh diagnostic tests and finding new medication targets for various cancers and increased the company's global presence
· In August 2022, F. Hoffmann-La Roche Ltd. announced the launch of a Digital LightCycler System, a next-generation digital PCR system that helps clinical researchers better understand the nature of a patient's cancer, genetic disease, or infection. This system is designed for laboratories performing highly sensitive and precise DNA and RNA analysis in oncology and infectious diseases
Some players in the global lung cancer diagnostics market are F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Abbott, Quest Diagnostics Incorporated, Biodesix, Amoy Diagnostics Co., Ltd., Bio-Rad Laboratories, Inc., Biocartis, Boditech Med Inc., Danaher, Vela Diagnostics, DiaSorin S.p.A., Exact Sciences UK, Ltd. (a subsidiary of Exact Science Corporation), 20/20 Gene Systems, Guardant Health, Inc., Inivata Ltd., LalPathLabs.com, LungLife AI, Inc., MedGenome, Myriad Genetics, Inc., NeoGenomics Laboratories, NanoString, Nanoentek, Oncocyte Corporation, PerkinElmer Inc., PlexBio, QIAGEN, Siemens Healthcare GmbH, and Veracyte, Inc. among others.
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Global Lung Cancer Diagnostics Market Scope
The global lung cancer diagnostics market is categorized into five notable segments based on product type, test type, cancer type, end user, and distribution channel. The growth amongst these segments will help you analyse meager growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Product Type
· Instruments
· Consumables & Accessories
On the basis of product type, the global lung cancer diagnostics market is segmented into instruments, consumables & accessories.
Test Type
· Biomarkers Tests
· Imaging Test
· Biopsy
· Blood Test
· Others
On the basis of test type, the global lung cancer diagnostics market is segmented into imaging test, biomarkers test, biopsy, blood test, and others.
Cancer Type
· Non-Small Cell Lung Cancer
· Small Cell Lung Cancer
On the basis of cancer type, the global lung cancer diagnostics market is segmented into non-small cell lung cancer and small cell lung cancer.
End User
· Hospital
· Associated Labs
· Independent Diagnostic Laboratories
· Diagnostic Imaging Centers
· Cancer Research Institutes
· Others
On the basis of end user, the global lung cancer diagnostics market is segmented into hospital, associated labs, independent diagnostics laboratories, diagnostic imaging centers, cancer research institutes, and others.
Distribution Channel
· Direct Tender
· Retail Sales
On the basis of distribution channel, the global lung cancer diagnostics market is segmented into direct tender and retail sales.
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This Market Intelligence Report Analyses Some of the Most Crucial Concerns:
• How will the major segments of this international market develop over the next few years?
• Who are the major players that will dominate the market in the future?
• When it comes to this industry, who are the top suppliers and producers?
• How have the most successful companies in the industry planned for future growth and expansion?
• In what sectors might we expect to see the greatest increase in demand over the coming years?
• How many distinct subsets of buyers make up this market?
• Which regional powerhouse do you foresee as becoming the largest player in the international market?
• Does a new coronavirus pandemic have any consequences?
• In what ways are established actors stymied by the entry of newcomers, and how may they be overcome?
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About Data Bridge Market Research, Private Ltd
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