Global Carcinoembryonic Antigen Market share to reach $2.78bn by 2023: Global Market Insights Inc. Global Carcinoembryonic antigen (CEA) market size was evaluated at $1670 million for 2015 and is predicted to register CAGR of 6.6% surpassing $2800 million mark by end of forecast period. The industry is predicted to experience high growth during forecast timeframe due to factors like growing occurrence of cancer, favourable government policies, development of new immunological methods like radioimmunoassay and growth of new biomarkers. But less sensitivity & specificity of the tests along with heavy competition from more sensitive biomarkers is predicted to hinder the industry growth. Quest diagnostics incorporation, leading service provider of diagnostic information, had acquired Summit Health, a leading service provider of wellness & onsite prevention. The joint business is now referred as Quest diagnostics health & wellness services. Quest offers direct to employer services while summit health provides private label services which health improvement firms can resell to other customers or employers. In future, this combined firm will add service extensions to both private label offerings as well as direct to employer offerings.
Global Carcinoembryonic antigen (CEA) market is segmented into key geographical regions including North America, Asia Pacific, Europe, Latin America and MEA. North America led the global industry in terms of revenue for 2014 due to high occurrence of cancers in patients, favorable compensation policies, high levels of patient consciousness and presence of modern healthcare infrastructure along with comparatively greater healthcare spending in the region. It is predicted to surpass $800 million in 2016 due to enhanced healthcare services and growing levels of consciousness to identify cancer at early phases. Further, technological breakthroughs along with launch of new particular biomarkers and antigens will fuel industry growth in the region. Asia Pacific Carcinoembryonic antigen (CEA) market is predicted to grow rapidly during the forecast period due to factors like fast improving healthcare amenities, high disposable income, rise in levels of patient consciousness about new cancer treatments, increase in healthcare spending, favourable government initiatives related to eradication of cancer, presence of unexplored avenues and economic growth. Further, the industry growth in the region is driven by countries like China
1|Page
and India which has huge pool of cancer population. The region is predicted to surpass $380 million by end of the forecast period.
North America carcinoembryonic antigen market size, by application, 20142023 (USD Million)
To access sample pages or view this report titled, “Carcinoembryonic Antigen (CEA) Market Size By Application (Colorectal, Pancreatic, Ovarian, Breast, Thyroid Cancer], Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, Spain, Japan, China, India, Mexico, Brazil, South Africa), Application Potential, Competitive Market Share & Forecast, 2016 – 2023” in detail along with the table of contents, please click on the link below: https://www.gminsights.com/industry-analysis/carcinoembryonic-antigen-cea-market
The global industry is highly consolidated and hence key players are involved in mergers & acquisitions, joint ventures and strategic alliances. Key industry players profiled in the report includes: • Correlogic Systems Incorporation • Quest Diagnostics • Abbott Diagnostics • Roche Diagnostics • GenWay Biotech Incorporation
2|Page
Segmentation of Carcinoembryonic Antigen Market: Global Carcinoembryonic Antigen Market Application Analysis (Revenue, USD Million; 2014 - 2023) ▪
Colorectal Cancer
▪
Pancreatic Cancer
▪
Ovarian Cancer
▪
Breast Cancer
▪
Thyroid Cancer
▪
Others
Carcinoembryonic Antigen Market Regional Analysis (Revenue, USD Million, 2014 – 2023) •
North America o U.S. o Canada
•
Europe o Spain o Germany o France
•
Asia Pacific o Japan o China o India
•
LATAM o Brazil o Mexico
•
MEA o South Africa
3|Page
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. Contact Us:
Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: sales@gminsights.com Web: https://www.gminsights.com Blog: https://gminsights.wordpress.com Connect with us: Facebook | Google+ | LinkedIn | Twitter
4|Page