High target disease prevalence, product launches, increasing strategic developments such as partnerships and agreements, favourable research funding scenario for development of cancer screening tests are key factors contributing to high CAGR of Cervical Cancer Diagnostic during forecast period.
Market Size – USD 6.81 Billion in 2018, Market Growth - CAGR of 6.2%. Market Trends – Product launches and research for Cardiac biomarkers.
NEW YORK, May 27, 2019 (GLOBE NEWSWIRE) -- According to the current analysis of Reports and Data, the global Cervical Cancer Diagnostic market was valued at USD 6.81 Billion in 2018 and is expected to reach USD 11.00 Billion by year 2026, at a CAGR of 6.2%.
According to the Centres for Disease Control and Prevention (CDC), six million people in the United States acquire HPV each year. At least 20 million already have it, and more than half of all sexually-active adults are expected to be infected during their lifetime. Cervical Cancer is a type of cancer which occurs in the lower part of the uterus which is connected to the vagina. Most of cervical cancer cases are caused by various strains of the human papillomavirus (HPV) which is a sexually transmitted infection. Vaginal bleeding, watery bloody discharge ad pelvic pain during intercourse are the symptoms of cervical cancer. Cervical Cancer can be diagnosed with the help of screening tests like Pap test, HPV DNA test, punch biopsy and endocervical curettage to treat two types of cancer i.e. Squamous cell cancers and Adenocarcinoma.
Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/1438
Increasing adoption of Pap test, huge amount of government funding, increase in occurrence of cervical cancer in middle age women which leads to increase in number of screening, and increase in awareness are some of the primary growth stimulants for the market. For instance, Medicaid, the popular government insurance program, covers the screening for cervical cancers. Medicare, another widely used insurance, covers Pap test, pelvic exam, and clinical breast exam for cervical cancer screening, every two years. These programs were found to be responsible for the growth of the overall market. Certain manufacturing and pharmacological issues and regulatory hurdles are hindering the growth of the market.
Increased FDA approval to companies is also propelling the growth of this market. For instance, in June 2018, FDA approved Bevacizumab (Avastin) of Genetech/Roche Inc plus chemotherapy for treating advanced cervical cancer patients.
Further key findings from the report suggest
- Cervical Cancer Diagnostic market is fastest growing at a CAGR of 2% in Asia Pacific due to high awareness and access to modern healthcare infrastructure, low cost of VIA test and rise in consumption levels.
- The market for point of care testing type segment is expected to hold the fastest growing CAGR because of increase in demand for speedy monitoring patients by doctors and clinicians.
- Europe is the second largest region with a share of 25.8% due to the high cases of cervical disorders in France, Germany, and United Kingdom etc.
- HPV Testing is accounted to be the second leading segment which holds a market share of 25.4% due to high usage for advanced diagnostics and cost effective procedures.
- Diagnostic Centres segment is projected to have the highest CAGR among the other end user type.
- North America is expected to account for the 45.6% of the global Cervical cancer Diagnostic market owing to the increasing occurrence of cervical cancer cases, rise in female population, growing acceptance of HPV infections along with government funding scenario.
- Radiation Therapy segment holds the second largest share in this market which is valued at USD 2123.6 million due to its expensive manufacturing cost but people prefer it because it kills cancer cells at one go.
- Key participants include Abbott Laboratories, Beckman Coulter, Becton, Dickinson and Company and F. Hoffmann-La Roche Ltd.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/cervical-cancer-diagnostic-market
Segments covered in the report:
For the purpose of the study, this Reports and Data has segmented the Global Cervical Cancer Diagnostic Market on the basis of biomolecule type, disease type, profiling technologies, application, services and the regional outlook:
Product Type (Revenue, USD Million; 2016–2026)
- Open surgery
- Endo vascular Aneurysm
Therapy (Revenue, USD Million; 2016–2026)
- Stents
- Catheters
- Balloons
- Wires
- Others
End User (Revenue, USD Million; 2016–2026)
- Hospitals
- Clinics
Order Now: https://www.reportsanddata.com/checkout-form/1438
Regional Outlook (Revenue, USD Million; 2016-2026)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
Browse more reports of Pharmaceutical category at: https://www.reportsanddata.com/report/category/diagnostics
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John Watson
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-800-819-3052
E-mail: sales@reportsanddata.com