A recent study by Fact.MR on the lung cancer diagnostics market offers a 10-year forecast for 2021 to 2031. Bottom-up approach is always used to obtain Lung Cancer Diagnostics insightful data for the specific country/regions. The country specific data is again analyzed to derive data at a global level. Specific factors/parameters are considered related to the individual Lung Cancer Diagnostics market and quantified with insightful rationale. Increasing prevalence of diseases across the globe is generating huge demand for advanced healthcare system. As a result, more and more technologically advanced medical devices are being employed to aid medical Practitioners and professionals in medical setups. Sales of Lung Cancer Diagnostics devices are soaring rapidly. The Demand analysis of Lung Cancer Diagnostics Market offers a comprehensive analysis of diverse features, demand, product developments, revenue generation, and sales of Lung Cancer Diagnostics Market across the globe. Click Here To get a Sample Report (Including Full TOC, Table & Figures):https://www.factmr.com/connectus/sample?flag=S&rep_id=49 Segmentation: Test Type
CA Test for Lung Cancer Diagnostics HER2 Tests for Lung Cancer Diagnostics ALK Tests for Lung Cancer Diagnostics Angiogenesis Inhibitor for Lung Cancer Diagnostics EGFR Mutation Tests for Lung Cancer Diagnostics KRAS Mutation Tests for Lung Cancer Diagnostics Others
End-User
Lung Cancer Diagnostics for Hospital Associated Labs Lung Cancer Diagnostics for Independent Diagnostic Laboratories Lung Cancer Diagnostics for Cancer Research Institutes Others
Indication
Non-Small-cell Lung Cancer Diagnostics Small-cell Lung Cancer Diagnostics
Technological Innovation in Medical Devices Revolutionizing the Healthcare System The medical device industry is a heterogeneous, innovative and dynamic sector. From telemedicine to artificial intelligence, robotic surgery and 3D printing, technology is revolutionizing the healthcare industry. The intersection of healthcare and technology has led to numerous advancements in medical devices. New age medical technology has transformed the way doctors and patients participate and interact with each other. Introduction of advanced medical devices such as drug-device combinations (DDCs), preventive and predictive equipment’s, self-care devices is completely transforming the medical world. Increasing investments by public and government bodies in healthcare sector is positively impacting the Lung Cancer Diagnostics market. Governments across the globe are introducing various initiatives to strength the medical device sector with major emphasis on research and development (R&D).
Lung Cancer Diagnostics manufacturing companies and healthcare service providers have started offering personalized patient care and access to complete end-to-end medical device products and services. They are focusing on developing and enhancing product prototyping and minimizing operation cost. With the onset of COVID-19 pandemic the sales of Lung Cancer Diagnostics witnessed a huge upsurge and the trend is likely to continue in the future. Need More information about Report Methodology? Click here:https://www.factmr.com/connectus/sample?flag=RM&rep_id=49 Competitive Landscape Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advances for cancer screening, mergers, and acquisitions.
In March 2021, Next-generation sequencing (NGS)-based precision oncology provider Geneseeq Technology Inc. collaborated with Illumina, Inc. to develop comprehensive invitro diagnostic (IVD) NGS testing kits for cancer, using Illumina’s NextSeq™ 550Dx sequencing platform. In Jan 2017, Abbott Laboratories completed largest the acquisition of St.Jude Medical for US$ 25 Bn. Together, the company will compete in nearly every area of the $30 billion cardiovascular markets and hold the No. 1 or 2 positions across large and high-growth cardiovascular device markets
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Lung Cancer Diagnostics Category and segment level analysis: Fact MR offers detailed analysis of the factors influencing the sales prospect across key segments. Lung Cancer Diagnostics category analysis provides deep insights into customer experiences, emerging trends and growth drivers. The vital information highlighted in this section will enable market players to make timely business decision to gain competitive advantage. Lung Cancer Diagnostics Manufacturing trend analysis: A key aspect of the study is comprehensive Lung Cancer Diagnostics manufacturing trend analysis. These insights provide vital information on how market players are coping with latest trends that are prevailing in the market. Innovation and acquisition activity in Lung Cancer Diagnostics: The report highlights in detail the various organic and inorganic strategies adopted manufacturers in order to gain a competitive edge in Lung Cancer Diagnostics market. Adoption of various technologies are being discussed in detail. Lung Cancer Diagnostics demand by country: The report forecasts the country wise demand for Lung Cancer Diagnostics between 2021 and 2031. By analyzing this section of the report, Lung Cancer Diagnostics manufacturers can accordingly invest in those regions where the demand is on the rise. Post COVID consumer spending on Lung Cancer Diagnostics: The Fact.MR market survey also highlights the impact of COVID-19 on medical devices industry. These insights provide vital information on how market players are executing their manufacturing strategies to coup with the COVID-19 pandemic.
10 Key Takeaways from Fact.MR’s Report on the Global Lung Cancer Diagnostics Market
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North America is expected to remain dominant in the global lung cancer diagnostics market, with revenues expected to surpass US$ 1,000 Mn by 2022-end. Europe will continue to be the second most lucrative region for growth of the market, expanding at a high single-digit CAGR through 2022. CA tests will remain the largest adopted tests for diagnosis of lung cancer. Revenue from CA tests is expected to reach US$ 889.3 Mn by the end of 2022. Angiogenesis inhibitor tests will exhibit the fastest expansion in the global market for lung cancer diagnostics, followed by HER 2 tests. However, revenue from ALK tests to diagnose lung cancer is estimated to be low in the market throughout the forecast period. Hospital-associated labs are expected to remain the most lucrative among end-users in the global lung cancer diagnostics market. Cancer research institutes are expected to register the fastest growth in the global market for lung cancer diagnostics. Independent diagnostic laboratories are expected to be the second largest end-users of lung cancer diagnostics throughout the forecast period. Based on indication, even though non-small cell lung cancer will remain sought-after, small celllung cancer will exhibit the fastest growth through 2022. Non-small cell lung cancer will continue to account for the largest revenues during the forecast period. Revenue from small cell lung cancer will continue to be low in the global lung cancer diagnostics market.
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Understand the drivers, restraints, opportunities and trends affecting the Sales of market. Analyze key regions holding significant share of total Lung Cancer Diagnostics market revenue. Study the growth outlook of Lung Cancer Diagnostics market scenario, including production, consumption, history and forecast. Learn consumption pattern and impact of each end use & supply side analysis of Lung Cancer Diagnostics market. Investigate the recent R&D projects performed by each market player & competitive analysis of Lung Cancer Diagnostics Market Players.
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