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Cancer diagnostics is the process of identifying certain proteins, and symptoms associated with the presence of cancerous cells in patients. These symptoms then result in the physicians conducting biopsies on the suspected cancerous cells which results in assured diagnosis process. The overall diagnosis of this process involves the usage of specifically designed technologies and devices.
Global cancer diagnostics market is segmented on the basis of:
Few of the major competitors c urrently working in the global cancer diagnostics market are Abbott; Agilent Technologies, Inc.; BD; bioMérieux SA; NeoGenomics Laboratories, Inc.; Telerad Tech; F. Hoffmann-La Roche Ltd; GENERAL ELECTRIC COMPANY; Hologic Inc.; Illumina, Inc.; QIAGEN; BioGenex; Siemens Healthcare GmbH; BioNTech Diagnostics GmbH; Thermo Fisher Scientific Inc. and Koninklijke Philips N.V.
Rising levels of geriatric population
The rate at which the geriatric population is rising is alarming, and this trend can be seen throughout the different regions of the world. This category is generally prone to a number of chronic diseases, life-threating disorders and majorly cancer. This population group requires extra care, treatment and solutions to restrict the time it takes to treat and heal them.
This factor is one of the major drivers of the cancer diagnostics market as they can accurately identify at which stage is cancer present in the patient, whether it has metastasized or not. It can also help decide the next course of action at an early stage so that the best treatment possible can be provided to the patients.
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Cancer Diagnostics Market to grow at a CAGR of 6.84% in the forecast period of 2019 to 2026 due to increasing cases of cancer worldwide
Global Cancer Diagnostics Market is Poised to Grow at 11.7% till 2024
Global Cancer Diagnostics Market is Expected to Grow at a CAGR of 11.7% in the Forecast Period 2017-2024
Europe Cancer Diagnostics Market is Expected to Grow at 5.0% in the Forecast Period of 2020 to 2027
Global Noninvasive Cancer Diagnostics Market is Rising Exponentially at a CAGR of 6.90% in the Forecast Period
Global Prostate Cancer Diagnostics Market is Rising Exponentially at a CAGR of 13.20% in the Forecast Period