Crucial Need for Early Staging of Cancer Sets the Pace for Development of New Techniques in Breast Cancer Diagnostics Market: TMR

ALBANY, N.Y., Nov. 17, 2020 /PRNewswire/ -- Stakeholders including medical companies are relentlessly working toward developing and unveiling breast diagnostic approaches that are cost-effective, accurate, and rapid detection. The drive comes from the need for early-stage cancer detection for breast cancer for reducing the prevalence and also lowering the mortality rate.

Some of the key approaches in the breast cancer diagnostics market are imaging, tissue biopsy tests, and molecular diagnostics. Globally, mammography has been widely adopted as a standard technique in the healthcare due to its cost-effectiveness. Digital mammography technologies are gathering traction due to their higher accuracy.

The large unmet need for early-stage detection of breast cancer in women of different age groups is a key propeller for substantial avenues in the breast cancer diagnostics market during the forecast period of 2019 – 2027.

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Analysts at TMR project the market to clock CAGR of ~7% during 2019 – 2027, globally. Need for developing of assays with high sensitivity and specificity has paved way to precision medicines and personalized therapies, contend experts.

Asia Pacific is projected to be most attractive market in terms of growth rate during 2019 – 2027, propelled increasingly by adoption of screening methods particularly mammography systems.

Explore 207 pages of top-notch research, incisive insights, and detailed country-level projections on Breast Cancer Diagnostics Market (Technique: Imaging, Tissue Biopsy Tests, and Molecular Testing; Cancer Type: Ductal Carcinoma In Situ [DCIS] and Invasive Breast Cancer; and End User: Hospitals & Ambulatory Surgery Centers, Diagnostic Laboratories, and Research & Academic Institutes) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027 at https://www.transparencymarketresearch.com/report-toc/76742

Key Findings of Breast Cancer Diagnostics Report

• Of the various techniques, imaging contributed the major market share in 2018
• Among the various cancer types, invasive breast cancer segment held the major share in 2018 in breast cancer diagnostics market
• Hospitals & ambulatory surgery centers was the major end-user segment in 2018
• North America held the major share in global market in 2018
• Asia Pacific expected to expand the leading CAGR during 2019 – 2027
• Latin America and the Middle East and Africa are potentially lucrative markets
• The global breast cancer diagnostics market was pegged at ~US$ 4.8 Bn in 2018
• Expanding at an impressive CAGR during 2019 – 2027, the global valuation is expected to reach ~US$ 9 Bn by the period-end.

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Breast Cancer Diagnostics Market: Key Driving Factors and Promising Avenues

The high prevalence and rise in incidence of breast cancer among women has bolstered the need for advances in breast cancer diagnostics for boosting the survival rates. Glaring epidemiology statistics put forth by the WHO has been providing a key underpinning to the expansion of breast cancer diagnostics market.

• Frequently impacting among women globally, breast cancer affects 2.1 million women each year. In 2018 alone, 627,000 women died from the condition
• Worldwide, the incidence of breast cancer is rising, more in developed regions. Invasive cancer incidence is substantially high.
• Demand for developing cost-effective and rapid technology for screening and diagnosing the cancer has boosted the technological landscape in the breast cancer diagnostics market.
• The adoption of technologies to boost breast cancer outcome mandates that reliable indicators are found. Rise in clinical studies in this direction is a key trend in the breast cancer diagnostics market.
• Research in antigens and auto-antibodies such as tumor-associated antigens (TAAs) are expanding the avenue.
• Studies on biosensors and biomarkers are likely to bring forward novel diagnostic technologies for clinical adoption. A case in point is artificial intelligence platforms. Those have potential in identifying early-stage cancer cells.
• Some of the recent research and studies center of liquid biopsies, since they are non-invasive and advanced than most of the common diagnostics. This helps in early staging of cancer.
• The healthcare industries in several developing and developed economies are promoting early diagnosis strategies. This is difficult to achieve in limited resource settings.

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Breast Cancer Diagnostics Market: Competitive Assessment

Researchers are trying to develop breast cancer diagnostics that have high specificity and sensitivity as well are cost effective. This is a veritable challenge. A number of top players are leaning on leveraging the potential of combining AI with imaging modalities. Stakeholders in breast cancer diagnostics market have also benefitted from the sales of digital breast tomosynthesis (DBT) or 3D mammography.

Overall the breast cancer diagnostics market is largely consolidated, with relatively few players holding most of the shares. Top players are keen on making constant technological advancements and investing in research.

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Global Breast Cancer Diagnostics Market: Research Scope

Breast Cancer Diagnostics Market, by Technique

• Imaging
• Mammography
• Analog Mammography
• Digital Mammography
• Breast Ultrasound System
• MRI Scan
• PET/CT Scan
• Tissue Biopsy Tests
• Molecular Testing

Breast Cancer Diagnostics Market, by Cancer Type

• Ductal Carcinoma In Situ (DCIS)
• Invasive Breast Cancer
• Invasive Ductal Carcinoma
• Invasive Lobular Carcinoma
• Metastatic Breast Cancer
• Others

Breast Cancer Diagnostics Market, by End User

• Hospitals & Ambulatory Surgery Centers
• Diagnostic Laboratories
• Research & Academic Centers

Breast Cancer Diagnostics Market, by Region

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K
• Italy
• Spain
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Australia & New Zealand
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:

Women's Health Diagnostics Market: Healthcare companies in the women's health diagnostics market are tapping into opportunities in diagnostic laboratory testing and infectious disease testing, as both the segments are anticipated to grow rapidly during the forecast period. Growing prevalence of infections causing miscarriage and birth defects in infants are fueling the demand for efficacious treatment options in women's health diagnostics.

Cancer Biomarkers Market: The rising research and development activities and the growing focus on technological developments are estimated to encourage the growth of the global cancer biomarkers market in the next few years. In addition to this, the rising number of mergers and acquisitions and collaborations and the expansion of the product portfolio are some of the other key factors that are predicted to support the growth of the overall market in the next few years.

Cancer Immunotherapy Market: The global cancer immunotherapy market is prognosticated to encounter a high rate of development over the coming years, inferable from the rise in number of people suffering from different types of cancers. In 2015, the global cancer immunotherapy market was esteemed at US$37.50 bn. its revenue is anticipated to progress at an extremely solid CAGR of 14.6% inside a conjecture period from 2016 to 2024, the global cancer immunotherapy market is required to achieve US$124.88 bn before the finish of 2024.

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