Breast Cancer Diagnostics Industry Is Expected To Possess Nearly 45% Market Share throughout North America – Pulse Of The Blogosphere
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Fact.MR predicts the global sales of breast cancer diagnostics to surpass US$ 7.9 Bn by registering a CAGR of 7% in the forecast period 2022-2032. Demand for cost-effective, technologically advanced, efficient, and accurate diagnostic solutions is anticipated to be a major trend in the industry over the decade.
Historically, from 2017 to 2021, demand for breast cancer diagnostics flourished at a CAGR of 6%. Healthcare infrastructure all over the globe took a hit when coronavirus became a global pandemic in the first quarter of 2020. Every nation had to reassess their healthcare strategies, and this resulted in major reforms all across the globe. With rising prevalence of cancer cases all over the globe, demand from the general population for effective measures to treat and diagnose breast cancer increased, and governments are focusing on extensively providing these solutions in a cost-effective manner.
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Breast cancer diagnostics providers are focusing on developing new instruments and devices that facilitate the early detection of breast cancer, which is vital in combating the disease effectively. Investments in research are also anticipated to see a major increase over the next ten years as focus is on treating and combating breast cancer.
Key Takeaways from the Market Study
- By test type, CEA test expected to hold more than 45% market share for breast cancer diagnostics
- By end user, hospital based labs expected to hold more than 50% market share for breast cancer diagnostics market.
- Breast cancer diagnostics industry expected to possess nearly 45% market share throughout North America.
- Breast cancer diagnostics industry expected to possess nearly 40% market share throughout Asia Pacific.
- Global market for breast cancer diagnostics to reach US$ 4 Bn by the end of 2022
Key Segments Covered in the Breast Cancer Diagnostics…
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