The global cervical cancer diagnostic market was valued at USD 7 billion in 2015 and is expected to reach a value of USD 12 billion by 2024, according to a new report by Grand View Research, Inc. The key driving factors include the rising prevalence of cervical cancer, evolving screening technology, and various programs that promote routine check up and screening. According to the data published by the WHO, in 2012, over 270,000 women died due to cervical cancer, majority of which were from the developing countries. It is one of the most common cancer type diagnosed in women. Some of the etiological factors are multiple sex partners, and changing lifestyle, such as drinking & smoking and increased stress levels.
Furthermore, favorable government initiatives and increasing number of awareness programs are further expected to promote the market growth in coming few years. The National Cervical Cancer Coalition, WHO, CDC, the U.S. Preventive Services Task Force, are working towards promoting the necessity for early screening of cervical cancer amongst mid aged women.
There is an increasing demand for technologically advanced diagnostic procedures that facilitate the early intervention of the disease. The industry players are focused on developing innovative technological solutions for accurate and efficient results. Advancement in screening techniques, such as use of biomarkers, is gaining importance. The upsurge in technological developments is anticipated to further drive industry growth.
On account of increasing adoption of Pap test, the number of deaths due to cervical cancer has declined significantly in past few years. It helps detect precancerous lesions at an early state and, thus, reduces the number of cervical cancer cases. The American Cancer Society stated that the cervical cancer cases in last 40 years in the U.S. have declined by more than 50%. Initially, the Pap test screening was carried out every year which lead to further unnecessary procedures. However, the American Cancer Society now recommends that women in the age group of 21 to 29 should undergo Pap test every 3 years.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/cervical-cancer-diagnostics-market
Further Key Findings from the Study Suggest:
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In 2015, the Pap testing segment held majority
of the market share of 49.6%. The segment’s large share can be attributed to
the high efficiency of the tests in early diagnosis. Also, the increasing
awareness about the impact of early diagnosis contributed to its growth.
·
In 2015, North America was the leading regional
market with a revenue share of 48.3%. The U.S. is a key market in North
America. Growing incidence of cervical cancer coupled with initiatives
undertaken by government agencies in the form of awareness programs pertaining
to the early screening of the disease are key factors for the country’s large
market share.
·
Asia Pacific is expected to witness lucrative
growth over the forecast period growing at a CAGR of 9.6%. The various steps
undertaken by governments of developing countries such as India, China,
Philippines, and other in order to improve healthcare infrastructure and to
improve access to healthcare facilities are amongst key factors attributing to
region’s high growth. Also, high prevalence of cancer in developing nations and
increasing consumer awareness levels drive the growth
·
This market is presently dominated by a few key
participants such as Becton, Dickinson and Company, F. Hoffmann-La Roche Ltd,
Abbott Laboratories, OncoHealth Corp, Hologic, Inc., QIAGEN, Quest Diagnostics,
Inc and Guided Therapeutics, Inc. The key players focus specially on developing
innovative solutions for diagnosis. For instance, F. Hoffmann-La Roche Ltd., in
2014, launched automated CINtec PLUS cytology test that efficiently detects the
presence of precancerous cells.
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/clinical-diagnostics
Grand View Research has segmented the Cervical cancer diagnostic market by outsourcing services, application, end use, and region:
Test type outlook (Market revenue in USD Billion, 2013 - 2024)
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Pap Testing
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HPV Testing
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Colposcopy
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Cervical Biopsies
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Cystoscopy
Regional outlook (Market revenue in USD Billion, 2013 - 2024)
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North America
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U.S.
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Canada
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Europe
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UK
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Germany
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Asia Pacific
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Japan
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China
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Latin America
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Brazil
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Mexico
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Middle East and Africa
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South Africa
For press release of this report - http://www.grandviewresearch.com/press-release/global-cervical-cancer-diagnostics-market
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