Product ID: SQMIG35A2649
Report ID:
SQMIG35A2649 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|
Tables:
66 |
Figures:
75
The highest revenue producer is North America because American people have a high incidence of many forms of cancer. Geographically, North America accounted for 45.6 % of revenue share in 2022. By the end of that forecast period, North America is expected to have a higher market. Their high rate of incidence among the American population is driving the North American market. The incidence of cancer patients in Canada is on the rise. In Canada, according to the Canadian Cancer Society's estimates, one out of every four deaths is due to cancer. Canadian Cancer Researchers predict that Australia will see an additional 229,200 new cases of cancer this year (846,753 total). This means there are going to be even more deaths.
The compound diagnostics market is growing rapidly, and Asia-Pacific has begun to appear as a promising regional prospect for players in the industry. These factors, such as a large population to begin with, growing knowledge about companion diagnostics, and healthcare infrastructure investments all add up together to explain why this is an attractive region. Together, these factors help to foster a fertile environment for the use of and integration with companion diagnostics. The high Asia-Pacific population base means a large patient pool and ample market for companion diagnostics. With growing recognition of the importance of companion diagnostics, the region seeks to move in this direction as awareness grows here about matchmaking. This rising consciousness also serves the further growth of Asian-Pacific companion diagnostics.
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REQUEST FREE CUSTOMIZATIONGlobal Companion Diagnostics Market size was valued at USD 5.57 billion in 2019 and is poised to grow from USD 6.27 billion in 2023 to USD 16.08 billion by 2031, growing at a CAGR of 12.5% in the forecast period (2024-2031).
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Product ID: SQMIG35A2649