The global lung cancer diagnostics market is expected to reach USD
3,644.6 million by 2024, according to a new report by Grand View Research Inc.
The development of lung cancer-specific biomarkers is one of the primary
factors for the growth of the lung cancer diagnostics market over the forecast
period. These diagnostic tools facilitate the personalized treatment approach
of lung malignancies.
Various biomarkers are present in the research pipeline. For instance, in November 2015, Epigenomics AG announced the launch of a new blood-based test using DNA methylation biomarkers, the development of which is underway. The initial results of this test revealed a promising outcome in the early diagnosis of lung cancer.
Furthermore, various awareness programs focusing on lung cancer and its associated symptoms are initiated in an attempt to elevate the screening and diagnosis rates inindividuals at a high risk of developing lung malignancies. For instance, November is considered as a lung cancer awareness month across the UK, which is supported by the Roy Castle Lung Cancer Foundation.
Further key findings from the study suggest:
Grand View Research has segmented the global lung cancer diagnostics market on the basis of type, test, and region:
Global Lung Cancer Diagnostics Type Outlook (Revenue, USD Million, 2016 – 2024)
Various biomarkers are present in the research pipeline. For instance, in November 2015, Epigenomics AG announced the launch of a new blood-based test using DNA methylation biomarkers, the development of which is underway. The initial results of this test revealed a promising outcome in the early diagnosis of lung cancer.
Furthermore, various awareness programs focusing on lung cancer and its associated symptoms are initiated in an attempt to elevate the screening and diagnosis rates inindividuals at a high risk of developing lung malignancies. For instance, November is considered as a lung cancer awareness month across the UK, which is supported by the Roy Castle Lung Cancer Foundation.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/lung-cancer-diagnostics-market
Further key findings from the study suggest:
·
The small cell lung cancer segment accounted for
around 15% market share in 2015. This is an aggressive subtype of the lung
malignancies, which has proven to be fatal within a short period of time if
left undiagnosed.
·
Non-small cell lung cancer was identified as the
largest segment in 2015 with revenue of over USD 1,300.0 million. This is
majorly due to the availability of novel lung cancer diagnostics that
facilitate the detection of large tumor growths.
·
The imaging tests segment was identified as the
largest revenue generating segment in 2015 with a market share of around 50%.
Major factors responsible for the large market share include the frequent use
of various imaging techniques such as CT scan, X-ray, and MRI in the detection
of lung malignancies coupled with the increased availability of the diagnostic
tools.
·
The molecular testing segment is expected to
grow at a profitable rate of around 10% over the forecast period. The
introduction of novel molecular testing techniques coupled with the increasing
number of investments to support the research and development efforts for the
development of biomarker-based molecular testing in lung cancer detection is
expected to foster the demand of this segment over the forecast period.
·
In 2015, North America accounted for the largest
revenue share of over 30% majorly due to supportive government policies in the
region coupled with the availability of technology-enabled lung cancer
diagnostics
·
Asia Pacific region is expected to reach a
revenue share of over 28% by 2024. Major factors responsible for the growth
include the constantly improving healthcare infrastructure, the growing
awareness of the disease symptoms, and a wide base of unmet clinical needs in
the developing countries in the region.
·
Major players of this market include bioMérieux,
Roche Diagnostics, Qiagen N.V., Illumina Inc., Thermo Fisher Scientific,
Agilent Technologies, Janssen, AstraZeneca plc, and Sanofi S.A.
·
Novel product launches in the lung cancer
diagnostics product portfolio is one of the major strategic initiatives adopted
by the market players. For instance, Orion genomics is involved in the
development of novel biomarkers for lung cancer diagnosis. Allegro Diagnostics
is involved in the development and commercialization of pulmonary
genomics-based lung cancer diagnostics.
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this category @ http://www.grandviewresearch.com/industry/clinical-diagnostics
Grand View Research has segmented the global lung cancer diagnostics market on the basis of type, test, and region:
Global Lung Cancer Diagnostics Type Outlook (Revenue, USD Million, 2016 – 2024)
·
Small Cell Lung Cancer
·
Non-small Cell Lung Cancer
Global Lung Cancer Diagnostics Test Outlook (Revenue, USD Million,
2016 – 2024)
·
Imaging Test
·
Biopsy
·
Sputum Cytology
·
Molecular Test
·
Others
Lung Cancer Diagnostics Regional Outlook (Revenue, USD Million,
2016 – 2022)
·
North America
·
U.S.
·
Canada
·
Europe
·
Russia
·
Germany
·
Asia Pacific
·
Japan
·
China
·
Latin America
·
Brazil
·
MEA
·
South Africa
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