Cervical Cancer Diagnostic Market to 2030: Increasing Demand for Cervical Cancer Screening Tools Drives Growth
According to the Zion Market Research forecasters, in 2018, the worth of the The global cervical cancer diagnostic market size is expected to reach USD 7.0 billion by 2030, growing at a CAGR of 5.7% from 2023 to 2030. There’s strong contest for cervical cancer diagnostics owing to the huge pool of cervical cancer patients. At present, firms are emphasizing on developing superior diagnosis methods such as liquid-based cytology.
Cervical cancer denotes cervical cell malignancy. The most ordinary sign of this type of cancer is vaginal bleeding; nevertheless, in a few instances, no signs are observed until cancer attains an advanced stage. Over 90% of cervical malignancies arise as a result of human papillomavirus infection and they are analyzed through smear screening.
Rising Incidence Of Cervical Cancer Across The Global To Boost The Market Growth
The growth of the global cervical cancer diagnostics market is influenced by numerous factors such as the rising incidence of cervical cancer across the world, huge pool of people affected by HPV infection, increasing count of female smokers, cancer awareness programs, rising rates of unsafe sex, specifically among youngsters, and rising obese population. Further, healthcare improvements in emerging nations and the elderly population in developed nations are also anticipated to drive the growth of the global cervical cancer diagnostics market. The presence of suitable reimbursement policies is also expected to amplify the number of screening tests in the near future. The technological developments in terms of new screening techniques, diagnostic procedures, and diagnostic tools are projected to influence the market growth positively. Nevertheless, the market growth is likely to be hampered by incorrect pap smear testing, strict government rules, fruitless healthcare infrastructure, and alternative diagnosis techniques.
Pap Smear Test To Hold The Maximum Share In The Global Market
The global cervical cancer diagnostic market is bifurcated based on age group, type, and region. The type segment of the market is categorized into ECC procedures, pap smear tests, and colposcopy tests. Among these, the most efficient tool for HPV diagnosis is the pap smear test and is projected to generate the highest revenue during the forecast period. This is primarily attributed to the increased HPV infection prevalence in females and the shortage of the HPV vaccine that doesn’t cover all kinds of HPV infections.
Escalating Cases Of HPV Infection To Drive The North America Cervical Cancer Diagnostics Market Growth
The global cervical cancer diagnostic market is expected to be ruled by North America on account of the increasing HPV infection incidence, rising aged population, and the increasing number of women smokers. Further, Asia Pacific is also anticipated to show substantial market growth as a result of enhancement in healthcare infrastructure and government initiative.
The major players participating in the global cervical cancer diagnostic market comprise -
- Guided Therapeutics
- Abbott Laboratories
- Roche
- Olympus
- Cooper Surgical Inc
- Ascon Medical Instruments
- Beckman Coulter Inc.
- Siemens Healthcare
- Cardinal Health
The global cervical cancer diagnostic market is segmented as follows:
By Type
- Pap Smear Tests
- ECC Procedures
- Colposcopy Tests
By Age Group
- Age group between 20 and 40
- Age group above 40
By Region
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
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