Report ID: SQMG35D2009 | Region: Global | Published Date: October, 2022 | Pages: 157
Global Medical Tourism MarketReport ID: SQSG35D2032 | Region: Global | Published Date: October, 2022 | Pages: 157
Global ovarian cancer diagnostic market size was valued at USD 1.54 billion in 2021 and it is expected to reach USD 2.35 billion by 2028, at a CAGR of 6.2% over the forecast period (2022–2028).
Ovarian cancer is a type of cancer that occurs in the ovaries; there are several types of ovarian cancer, the most common of which is epithelial ovarian cancer. The primary cause of this type of cancer is uncontrollable cell growth in the ovarian tissue, and it is one of the leading causes of death in women worldwide. It is the fifth most common cause of cancer death in women worldwide, and the tenth most common cause of cancer death in women in the United States. Novel approaches in ovarian cancer treatment is the major factor escalating the market expansion, also increased funding for cancer research, rising in health awareness and increase in aged women population all over the world are the most common factors among others that driving the ovarian cancer diagnostics market. The development and technical advancements in the machines that are used for the treatment can create new opportunities for ovarian cancer diagnostics market in the forecasted period.
Government and research department are focusing on advanced cancer diagnostic methods that could detect the cancer at its early level as the cancer diagnostic methods of present detect the cancer when it has already spread at an advanced level. Rising awareness, increasing focus of government, researchers and other medical organizations to provide convenient and in-time diagnosis of ovarian cancer method are key factors for boosting the market growth.
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Global ovarian cancer diagnostic market has segmented on the basis of type, end user, and region. On the basis of type, it has been classified epithelial tumours, germ cell tumours, and stromal tumours. On the basis of end user, it has been classified as hospitals laboratories, diagnostic centres, research institutes and others. On the basis of region, it is classified as North America, Europe, Asia-Pacific Latin America, and Middle East & Africa.
Analysis by Type
Based on type, the epithelial tumour segment dominated the ovarian cancer diagnostic market. Epithelial ovarian cancer starts in the epithelial layer that protects the ovary. The majority of patients with epithelial cell carcinoma are diagnosed after the tumour has spread to the peritoneal cavity. Seventy to eighty percent of patients are diagnosed at an advanced stage, limiting treatment options and survival rates significantly. The epithelial tumour account for majority of instances, thus the demand for epithelial tumour diagnostics is substantially more than the demand for germ cell carcinoma and stromal carcinoma tumour diagnostics. Stromal tumours form in the tissues that produce hormones such as estrogen, progesterone, and testosterone. Although rare, germ cell tumours are most common in women between the ages of 20 and 30.
Analysis by End User
Based on end user, demand for ovarian cancer diagnostics in hospital associated labs is expected to be most eminent and it is predicted that it will enhance as the instances of ovarian cancer rise. It is due to increasing patient inflow for cancer diagnosis in hospitals, rising consumer awareness, and rising investments in healthcare infrastructure in developing and underdeveloped countries are all contributing to the growth of the segment. Thus, the hospital laboratories segment is anticipated for largest revenue share among end user segments in the global market in the coming year. Moreover, the research institutes segment is expected to grow at the fastest rate during the forecast period because of increased funding for cancer research worldwide.
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North America accounted for more market value growth this is because of strong commercial performances of gynecologic diagnostics in the United States. Other factors contributing to the growth of the market in this region include favourable government initiatives, increase in healthcare expenditure, and presence of key manufacturers.
Moreover, Asia Pacific is expected to grow at the fastest rate during the forecast period due to factors such as overall economic development, improvements in healthcare infrastructure, increase in disposable income, and rise in consumer awareness. The ovarian cancer diagnostics market in developing countries like China, India, and South Korea is expected to grow rapidly during the forecast period.
The MEA region is expected to see relatively slower adoption of ovarian cancer diagnostics because of the slow adoption of new diagnostic methods and limited healthcare spending potential.
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Global ovarian cancer diagnostics market is highly competitive and fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, acquisitions, co-development deals, product launches & development, collaborations and partnerships are adopted by these players to thrive in the competitive market. The most recent advancements in ovarian cancer diagnostics are desperately needed in the industry to detect cancer in its early stages and treat it without causing significant damage to the affected person's internal organs. Top ovarian cancer diagnosis instrument manufacturers are investing in research and development of devices and instruments that will aid in the diagnosis and treatment of ovarian cancer more effectively and efficiently.
Top Players in the Global Ovarian Cancer Diagnostics Market
Recent Developments
The increased understanding of certain cancer biomarkers is gaining a commercial opportunity for treating cancer patients through developed detection technology and equipment. Technological advances in the field of biotechnology have enabled the identification of potential cancer biomarkers, and some of these biomarkers have been commercialised. As a result, the development of new diagnostic biomarkers is opening up lucrative opportunities for the growth of the ovarian cancer diagnostics market.
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According to our ovarian cancer diagnostics market analysis, top market players' new product developments and product launch strategies The easy availability of diagnostic medical devices in developing regions, rising geriatric women population, increased emphasis on early diagnosis and treatment, increased funding for research activities to launch non-invasive treatment therapies, and increased studies on novel approaches in ovarian cancer treatment are all expected to drive demand for the ovarian cancer diagnostics market.
Report Metric | Details |
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Market size value in 2021 and | USD 1.54 billion |
Market size value in 2028 | USD 2.35 billion |
Growth Rate | 6.2% |
Base year | 2021 and |
Forecast period | 2022–2028 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Ovarian Cancer Diagnostic 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 Global Ovarian Cancer Diagnostic 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.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Ovarian Cancer Diagnostic Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Basic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOWGlobal ovarian cancer diagnostic market size was valued at USD 1.54 billion in 2021 and it is expected to reach USD 2.35 billion by 2028, at a CAGR of 6.2% over the forecast period (2022–2028).
Global ovarian cancer diagnostics market is highly competitive and fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, acquisitions, co-development deals, product launches & development, collaborations and partnerships are adopted by these players to thrive in the competitive market. The most recent advancements in ovarian cancer diagnostics are desperately needed in the industry to detect cancer in its early stages and treat it without causing significant damage to the affected person's internal organs. Top ovarian cancer diagnosis instrument manufacturers are investing in research and development of devices and instruments that will aid in the diagnosis and treatment of ovarian cancer more effectively and efficiently.'Abbott Laboratories','Roche Holding A.G.','Thermo Fisher Scientific Inc.','Laboratory Corporation of America Holdings','Luminex Corporation','Myriad Genetics Inc.','Boehringer Ingelheim '
Increase in the number of elderly women is driving the ovarian cancer diagnostics market. The growing elderly female population leads to the increase in the chances of infected ovarian cancer. This increase in population has the potential to drive the ovarian cancer diagnostics market. As a result, governments launch initiatives to expand health care and treatment.
North America accounted for more market value growth this is because of strong commercial performances of gynecologic diagnostics in the United States. Other factors contributing to the growth of the market in this region include favourable government initiatives, increase in healthcare expenditure, and presence of key manufacturers.
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