Cancer Diagnostics Market Size, Share, and Growth Analysis

Global Cancer Diagnostics Market

Cancer Diagnostics Market By Product Type (Consumables, Instruments), By Technology (IVD Testing, Imaging), By Application (Breast Cancer, Lung Cancer), By End-User Industry (Hospitals, Diagnostic Laboratories), By Region - Industry Forecast 2025-2032


Report ID: SQMIG35A3045 | Region: Global | Published Date: May, 2025
Pages: 178 |Tables: 134 |Figures: 71

Format - word format excel data power point presentation

Cancer Diagnostics Market Insights

Global Cancer Diagnostics Market size was valued at USD 21.6 billion in 2023 and is poised to grow from USD 23.63 billion in 2024 to USD 48.49 billion by 2032, growing at a CAGR of 9.4% during the forecast period (2025-2032).

The global cancer diagnostics market is undergoing significant transformation driven by advancements in technology, increasing cancer prevalence, and the growing demand for early detection tools. Healthcare systems worldwide are placing stronger emphasis on preventive care and timely diagnosis, which is fueling the adoption of innovative diagnostic methods. Emerging economies are witnessing rising healthcare expenditure and infrastructure development, enabling broader access to cancer diagnostic services. Additionally, collaborations between research institutions, diagnostic companies, and healthcare providers are enhancing the speed and accuracy of cancer detection. The market is also benefiting from increased awareness campaigns and screening programs supported by governments and non-profit organizations. As a result, the cancer diagnostics landscape is becoming more accessible, efficient, and patient-centric, opening new opportunities for growth globally.

The market is driven by the increasing global burden of cancer, necessitating more efficient and accurate diagnostic methods. Technological innovations, including liquid biopsy, next-generation sequencing, and AI-powered imaging tools, are enhancing diagnostic capabilities and expanding their applications. Rising demand for personalized medicine is also pushing the adoption of advanced molecular diagnostics that can identify specific cancer biomarkers. Government initiatives to improve cancer care infrastructure and increase early detection rates further support market growth. Additionally, the growing geriatric population, which is more susceptible to cancer, is contributing to the expanding patient base. Investments in research and development by both public and private entities are accelerating the pace of innovation, ensuring that diagnostic tools evolve to meet emerging clinical needs.

Despite promising growth, the cancer diagnostics market faces several challenges. High costs associated with advanced diagnostic technologies limit access, particularly in low-income regions. A lack of skilled professionals to operate sophisticated diagnostic tools also impedes widespread adoption. Regulatory complexities and lengthy approval processes delay the introduction of new diagnostic products. Furthermore, disparities in healthcare infrastructure between developed and developing regions contribute to unequal access to timely cancer detection. False positives or negatives in some diagnostic tests can lead to misdiagnosis, undermining trust in certain methods. Privacy concerns and limited interoperability of health data systems also pose barriers to implementing data-driven diagnostic solutions on a large scale, slowing the market’s full potential.

How AI is Transforming the Cancer Diagnostics Market?

Artificial intelligence (AI) is revolutionizing cancer diagnostics by enhancing accuracy, accelerating detection, and enabling personalized care. AI-powered tools analyze medical images, pathology slides, and genomic data with remarkable precision, often surpassing human capabilities. For instance, in Germany, integrating AI into breast cancer screening increased detection rates by 17.6% without raising false positives. Similarly, Google's AI model reduced false negatives by 9.4% and false positives by 5.7% in breast cancer detection. These advancements alleviate radiologists' workloads and facilitate earlier interventions, improving patient outcomes. In India, AI's impact is evident through initiatives like Telangana's pilot program deploying AI-based screening for oral, breast, and cervical cancers across three districts. Additionally, IIT Indore's development of quantum AI nanotechnology enables early and accurate detection of genetic mutations associated with cancer. These innovations demonstrate AI's potential to transform cancer diagnostics, making them more accessible and effective globally.

A groundbreaking AI tool, FaceAge, can estimate a person's biological age using a simple selfie, offering significant implications for cancer prognosis. Unlike chronological age, biological age reflects an individual's physiological condition, influenced by genetics, lifestyle, and environment. By analyzing facial images, FaceAge provides insights into a patient's biological resilience, potentially leading to more accurate cancer prognoses and personalized treatment plans. This technology exemplifies how AI can leverage everyday tools to enhance healthcare outcomes.

Market snapshot - 2025-2032

Global Market Size

USD 21.6 billion

Largest Segment

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Fastest Growth

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Growth Rate

9.4% CAGR

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Cancer Diagnostics Market Segments Analysis

The Global Cancer Diagnostics Market is segmented by Product Type, Technology, Application, End-User Industry and region. Based on Product Type, the market is segmented into Consumables and Instruments. Based on Technology, the market is segmented into IVD Testing, Imaging and Biopsy Technique. Based on Application, the market is segmented into Breast Cancer, Lung Cancer, Colorectal Cancer, Melanoma and Other Cancers. Based on End-User Industry, the market is segmented into Hospitals, Diagnostic Laboratories and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

How is Imaging Technology Dominating the Global Cancer Diagnostics Market?

As per the 2024 global market analysis for Cancer Diagnostics, the imaging technology segment led the market by holding the largest share. The rapid growth of this segment is primarily driven by its broad application in detecting multiple cancer types with high accuracy and non-invasive procedures. Imaging techniques such as MRI, CT scans, and PET scans have become indispensable in clinical settings, enabling early detection and improved patient outcomes. In 2024, imaging remained the preferred diagnostic approach due to its ability to visualize tumors clearly and guide treatment decisions, contributing significantly to market revenue.

  • For instance, in 2024, Siemens Healthineers expanded its imaging capabilities by acquiring Novartis's radiopharmaceutical unit, strengthening its position in PET scan diagnostics and enhancing cancer detection accuracy across Europe.
  • On the other hand, the overall Cancer Diagnostics market is growing steadily with a sustainable CAGR of 9.4%. This trend indicates that imaging technology will continue to dominate while innovations in related diagnostic fields further accelerate market growth.

How is In Vitro Diagnostics (IVD) Driving Growth in the Cancer Diagnostics Market?

As per the 2024 global market analysis for Cancer Diagnostics, the In Vitro Diagnostics (IVD) segment is the fastest-growing technology in the market. This rapid growth is primarily fueled by advancements in molecular diagnostics, liquid biopsies, and genetic testing, which allow for early, minimally invasive cancer detection. The rising demand for personalized medicine is also accelerating this trend, as IVD enables tailored treatment plans based on a patient’s genetic profile. Furthermore, the integration of AI technologies in IVD testing enhances accuracy and accessibility, making these tests more efficient and widely adoptable.

For instance, in 2024, Guardant Health expanded Medicare coverage for its blood-based cancer tests, significantly increasing patient access to liquid biopsy diagnostics, marking a major milestone in the IVD segment’s growth.

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Cancer Diagnostics Market Regional Insights

What makes North America the top market for Cancer Diagnostics in 2024?

North America leads the global cancer diagnostics market, propelled by advanced healthcare infrastructure, significant R&D investments, and a high prevalence of cancer. The region's dominance is further strengthened by the presence of major market players and supportive government initiatives.

The United States Cancer Diagnostics Market

The U.S. commands the largest share in North America's cancer diagnostics market, driven by increasing awareness programs, a high prevalence of cancer, and a favorable reimbursement and regulatory landscape that adapts to rapid research progress.

Canada Cancer Diagnostics Market

Canada's cancer diagnostics market benefits from robust research institutions like the Ontario Institute for Cancer Research (OICR), which hosts resources such as the Ontario Tumor Bank and the Canadian Cancer Clinical Trials Network.

How are Government Policies in the Asia-Pacific Driving the Growth of the Cancer Diagnostics Market?

Asia Pacific is experiencing rapid growth in the cancer diagnostics market due to rising healthcare expenditure, expanding patient populations, and technological advancements. Government initiatives and collaborations with international players are enhancing the availability of sophisticated diagnostic equipment.​

Japan Cancer Diagnostics Market

Japan's cancer diagnostics market is projected to reach USD 3.6 billion by 2033, with a CAGR of 12.2% from 2025 to 2033. The country's focus on precision medicine and early detection is driving demand for advanced diagnostic technologies.

South Korea Cancer Diagnostics Market

South Korea's cancer diagnostics market is bolstered by companies like Samsung Biologics, which partners with global pharmaceutical firms to develop and manufacture cancer therapies, enhancing the country's diagnostic capabilities.

How is Europe Maintaining Its Position in Cancer Diagnostics Market?

Europe maintains a strong position in the cancer diagnostics market, supported by established healthcare systems and increasing awareness of cancer. The region's growth is driven by investments in advanced technologies and initiatives promoting precision diagnostics.​

Germany Cancer Diagnostics Market

Germany leads Europe's cancer diagnostics market, attributed to its high adoption of advanced technologies, established healthcare systems, and significant investments in cancer research.

United Kingdom Cancer Diagnostics Market

The UK's cancer diagnostics market is evolving with the integration of AI in healthcare. The NHS is launching AI-enabled initiatives for breast screening to reduce waiting times, while private health scanning services are growing as more consumers seek quicker and more convenient services.

France Cancer Diagnostics Market

France's cancer diagnostics market is advancing through collaborations between public and private sectors, focusing on the development and implementation of innovative diagnostic solutions to improve early detection and treatment outcomes.

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Cancer Diagnostics Market Dynamics

Cancer Diagnostics Market Drivers

Rising Cancer Incidence Worldwide

  • The increasing global burden of cancer is a major driver for the cancer diagnostics market. According to the WHO, cancer accounted for nearly 10 million deaths in 2020, and the number of new cases is expected to grow significantly in the coming decades. This surge necessitates early detection and accurate diagnosis to improve survival rates and reduce treatment costs. Consequently, governments and health organizations are investing heavily in screening programs and awareness campaigns. The growing demand for timely diagnosis is pushing the development and adoption of novel diagnostic tools, especially in both high-income and developing countries.

Advancements in Diagnostic Technologies

  • Technological innovation is revolutionizing cancer diagnostics, enabling earlier and more accurate detection. Tools such as liquid biopsies, next-generation sequencing (NGS), AI-based imaging, and digital pathology are improving the precision of cancer identification. These advancements allow for non-invasive or minimally invasive testing, reducing patient discomfort and enabling real-time disease monitoring. Moreover, integration of big data analytics and machine learning is enhancing pattern recognition, supporting personalized treatment strategies. As companies and research institutes continue investing in R&D, these technologies are becoming more accessible and reliable, fostering faster clinical decisions and better patient outcomes globally.

Cancer Diagnostics Market Restraints

High Cost of Advanced Diagnostics

  • One of the primary barriers to widespread adoption of advanced cancer diagnostics is their high cost. Technologies such as genomic testing, PET scans, and NGS are often expensive, especially in low- and middle-income countries where healthcare budgets are constrained. These high upfront costs limit accessibility for a significant portion of the population, even in developed nations where insurance coverage may not fully reimburse novel diagnostic techniques. Moreover, smaller clinics and rural healthcare settings often lack the infrastructure to support such tools, resulting in disparities in cancer detection and care outcomes across different regions.

Regulatory and Approval Challenges

  • Cancer diagnostics, especially those involving genetic testing or AI integration, are subject to complex and often lengthy regulatory approval processes. These stringent requirements, while ensuring patient safety, can delay the introduction of innovative diagnostic tools. Regulatory variations across regions further complicate global market access for companies. Additionally, evolving standards in data privacy, particularly around patient genomic information, add layers of compliance. For startups and smaller diagnostic firms, navigating these regulatory landscapes can be resource-intensive and costly, which discourages innovation and slows the pace at which cutting-edge diagnostics reach the market.

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Cancer Diagnostics Market Competitive Landscape

The cancer diagnostics market is experiencing dynamic shifts, with companies adopting innovative strategies to gain a competitive edge. Guardant Health has expanded its market reach by securing Medicare coverage for its colon cancer blood test, Guardant Reveal, leading to a significant stock surge and positioning the company as a leader in blood-based cancer detection. Exact Sciences is intensifying competition by developing a blood test that detected 88.3% of cancers and 31.2% of advanced adenomas in a study, potentially surpassing Guardant's offerings. Meanwhile, startups like Dxcover and Quibim are introducing AI-driven diagnostics and imaging biomarkers, respectively, aiming to disrupt traditional diagnostic methods and offer more precise, early detection solutions.

  • Dxcover (Established in 2016): A Scottish startup specializing in early cancer detection through its 'Drop, Dry, detect' technology, which uses infrared spectroscopy and AI algorithms to analyze blood samples. Dxcover has raised over £10 million to develop its Panoramic platform, targeting early-stage detection of various cancers, including brain, colorectal, and lung cancers.
  • Quibim (Established in 2015): A Spanish company focusing on AI-powered imaging biomarkers for cancer diagnostics. Quibim has developed products like QP-Prostate and QP-Brain, receiving regulatory clearances such as FDA 510(k). In 2024, it raised $50 million in Series A funding to accelerate the development of its imaging biomarker technology and expand its global presence.

Top Player’s Company Profiles

  • Thermo Fisher Scientific Inc. (USA)
  • GE Healthcare (USA)
  • Hologic Inc. (USA)
  • Illumina Inc. (USA)
  • Bio-Rad Laboratories Inc. (USA)
  • Agilent Technologies Inc. (USA)
  • bioMérieux SA (France)
  • Myriad Genetics Inc. (USA)
  • Qiagen N.V. (Netherlands)
  • PerkinElmer Inc. (USA)
  • Danaher Corporation (USA)

Recent Developments in Cancer Diagnostics Market

  • In May 2025, Telangana has initiated a groundbreaking healthcare revamp by integrating artificial intelligence (AI) into cancer screening processes. The state will pilot AI-based screening in three districts, focusing on oral, breast, and cervical cancers. High-resolution imaging and AI algorithms will be used to detect abnormalities, which will then be referred for specialist evaluation. The MNJ Cancer Institute is leading the software development for this initiative.
  • In February 2025, Guardant Health experienced a significant stock surge after Medicare agreed to cover its colon cancer blood test, Guardant Reveal. This test detects recurrent cancer early by analyzing tumor DNA in a patient's blood and was previously covered only for patients undergoing adjuvant therapy. The expanded reimbursement significantly broadens Guardant Health's potential market reach.
  • In September 2024, Siemens Healthineers has secured a deal to purchase part of Novartis's Advanced Accelerator Applications (AAA) business for over €200 million. This acquisition bolsters Siemens' PET radiopharmaceutical business by supplying critical radioactive chemicals for cancer scans, enabling expansion in Europe.

Cancer Diagnostics Key Market Trends

Cancer Diagnostics Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.

SkyQuest’s study suggests that the cancer diagnostics market is experiencing strong growth, primarily driven by the rising global cancer burden, which is pushing demand for early and accurate detection solutions. However, high costs associated with advanced diagnostics and regulatory hurdles pose significant restraints, particularly in low-resource settings. North America dominates the market due to its robust healthcare infrastructure and heavy R&D investments. Among diagnostic methods, imaging continues to lead due to its wide application in detecting various cancer types. Another key driver is the integration of artificial intelligence (AI), which is enhancing diagnostic precision and efficiency. Initiatives like Telangana’s AI-based screening and Medicare’s coverage for Guardant Reveal exemplify how innovation and policy are shaping the market’s future.

Report Metric Details
Market size value in 2023 USD 21.6 billion
Market size value in 2032 USD 48.49 billion
Growth Rate 9.4%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Product Type
    • Consumables (Antibodies
    • Kits & Reagents
    • Probes
    • Others)
    • Instruments (Pathology-based Instruments
    • Imaging Instruments
    • Biopsy Instruments)
  • Technology
    • IVD Testing (Polymerase Chain Reaction (PCR)
    • In Situ Hybridization (ISH)
    • Immunohistochemistry (IHC)
    • Next-generation Sequencing (NGS)
    • Microarrays
    • Flow Cytometry
    • Immunoassays
    • Others)
    • Imaging (Magnetic Resonance Imaging (MRI)
    • Computed Tomography (CT)
    • Positron Emission Tomography (PET)
    • Mammography
    • Ultrasound)
    • Biopsy Technique
  • Application
    • Breast Cancer
    • Lung Cancer
    • Colorectal Cancer
    • Melanoma
    • Other Cancers
  • End-User Industry
    • Hospitals
    • Diagnostic Laboratories
    • Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Thermo Fisher Scientific Inc. (USA)
  • GE Healthcare (USA)
  • Hologic Inc. (USA)
  • Illumina Inc. (USA)
  • Bio-Rad Laboratories Inc. (USA)
  • Agilent Technologies Inc. (USA)
  • bioMérieux SA (France)
  • Myriad Genetics Inc. (USA)
  • Qiagen N.V. (Netherlands)
  • PerkinElmer Inc. (USA)
  • Danaher Corporation (USA)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Cancer Diagnostics Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Cancer Diagnostics Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Cancer Diagnostics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cancer Diagnostics Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cancer Diagnostics Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Cancer Diagnostics Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Cancer Diagnostics Market size was valued at USD 21.6 billion in 2023 and is poised to grow from USD 23.63 billion in 2024 to USD 48.49 billion by 2032, growing at a CAGR of 9.4% during the forecast period (2025-2032).

The cancer diagnostics market is experiencing dynamic shifts, with companies adopting innovative strategies to gain a competitive edge. Guardant Health has expanded its market reach by securing Medicare coverage for its colon cancer blood test, Guardant Reveal, leading to a significant stock surge and positioning the company as a leader in blood-based cancer detection. Exact Sciences is intensifying competition by developing a blood test that detected 88.3% of cancers and 31.2% of advanced adenomas in a study, potentially surpassing Guardant's offerings. Meanwhile, startups like Dxcover and Quibim are introducing AI-driven diagnostics and imaging biomarkers, respectively, aiming to disrupt traditional diagnostic methods and offer more precise, early detection solutions.'Abbott Laboratories (USA)', 'F. Hoffmann-La Roche Ltd (Switzerland)', 'Siemens Healthineers (Germany)', 'Thermo Fisher Scientific Inc. (USA)', 'GE Healthcare (USA)', 'Hologic Inc. (USA)', 'Illumina Inc. (USA)', 'Bio-Rad Laboratories Inc. (USA)', 'Agilent Technologies Inc. (USA)', 'bioMérieux SA (France)', 'Myriad Genetics Inc. (USA)', 'Qiagen N.V. (Netherlands)', 'PerkinElmer Inc. (USA)', 'Danaher Corporation (USA)'

The increasing global burden of cancer is a major driver for the cancer diagnostics market. According to the WHO, cancer accounted for nearly 10 million deaths in 2020, and the number of new cases is expected to grow significantly in the coming decades. This surge necessitates early detection and accurate diagnosis to improve survival rates and reduce treatment costs. Consequently, governments and health organizations are investing heavily in screening programs and awareness campaigns. The growing demand for timely diagnosis is pushing the development and adoption of novel diagnostic tools, especially in both high-income and developing countries.

Integration of Artificial Intelligence in Diagnostic Workflows: AI is increasingly being embedded into cancer diagnostics, significantly enhancing accuracy and speed in image analysis, histopathology, and risk stratification. Tools like AI-based imaging platforms and decision-support systems are streamlining workflows and reducing diagnostic errors. Governments and healthcare providers are investing in pilot programs—such as Telangana’s AI-based screening in India—highlighting growing trust in AI-driven tools for early detection, especially in resource-limited settings.

North America leads the global cancer diagnostics market, propelled by advanced healthcare infrastructure, significant R&D investments, and a high prevalence of cancer. The region's dominance is further strengthened by the presence of major market players and supportive government initiatives.

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Global Cancer Diagnostics Market
Cancer Diagnostics Market

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