Global Breast Cancer Diagnostics Market to Surpass USD 2 Billion by 2022
|
By HospiMedica International staff writers Posted on 16 Apr 2019 |
|
The global breast cancer diagnostics market is anticipated to register a modest CAGR of 4.7% between 2017 and 2022 to surpass USD 2 billion in revenues by the end of the forecast period.
The market growth is expected to be driven by a surge in the number of breast cancer cases, thereby increasing the need for efficient and initial detection, as well as by the introduction of high-end technological assistance to provide conclusive test results. These are the latest findings of Fact.MR, (Dublin, Ireland), a market research firm.
Based on test type, BRCA is expected to dominate the global breast cancer diagnostics market with the highest revenue share and achieve sales of USD 500 million by 2022-end. However, the CA test type segment is projected to register the highest CAGR in the breast cancer diagnostics market through 2022, followed by the ER and PR test type segments. HER 2 test is expected to be the second-largest test type segment in the global breast cancer diagnostics market, whereas revenues of the EGFR mutation test type segment are likely to remain low. Hospital-associated laboratories are expected to remain the largest end-user of breast cancer diagnostics globally and record the highest revenues by 2022-end, followed by independent diagnostic laboratories.
Geographically, North America has the highest revenue share in the global breast cancer diagnostics market and will retain its leading position with projected revenues of more than USD 800 million by 2022-end. On the other hand, Europe will have the second-largest share in revenues of the global breast cancer diagnostics market, while the regional markets in Japan and the Middle East & Africa (MEA) are projected to witness a slow growth during the forecast period.
Related Links:
Fact.MR
The market growth is expected to be driven by a surge in the number of breast cancer cases, thereby increasing the need for efficient and initial detection, as well as by the introduction of high-end technological assistance to provide conclusive test results. These are the latest findings of Fact.MR, (Dublin, Ireland), a market research firm.
Based on test type, BRCA is expected to dominate the global breast cancer diagnostics market with the highest revenue share and achieve sales of USD 500 million by 2022-end. However, the CA test type segment is projected to register the highest CAGR in the breast cancer diagnostics market through 2022, followed by the ER and PR test type segments. HER 2 test is expected to be the second-largest test type segment in the global breast cancer diagnostics market, whereas revenues of the EGFR mutation test type segment are likely to remain low. Hospital-associated laboratories are expected to remain the largest end-user of breast cancer diagnostics globally and record the highest revenues by 2022-end, followed by independent diagnostic laboratories.
Geographically, North America has the highest revenue share in the global breast cancer diagnostics market and will retain its leading position with projected revenues of more than USD 800 million by 2022-end. On the other hand, Europe will have the second-largest share in revenues of the global breast cancer diagnostics market, while the regional markets in Japan and the Middle East & Africa (MEA) are projected to witness a slow growth during the forecast period.
Related Links:
Fact.MR
Platinum Member
STI Test
Vivalytic Sexually Transmitted Infection (STI) Array
Gold Member
Heavy-Duty Wheelchair Scale
6495 Stationary
Medical Monitor
SILENIO D
Spirometry & Oximetry Software
MIR Spiro
Latest Business News
- Johnson & Johnson Acquires Cardiovascular Medical Device Company Shockwave Medical
- Mindray to Acquire Chinese Medical Device Company APT Medical
- Olympus Acquires Korean GI Stent Maker Taewoong Medical
- Karl Storz Acquires British AI Specialist Innersight Labs
- Stryker to Acquire French Joint Replacement Company SERF SAS
- Medical Illumination Acquires Surgical Lighting Specialist Isolux
- 5G Remote-Controlled Robots to Enable Even Cross-Border Surgeries
- International Hospital Federation Announces 2023 IHF Award Winners
- Unprecedented AI Integration Transforming Surgery Landscape, Say Experts
- New WHO Guidelines to Revolutionize AI in Healthcare
- Getinge Acquires US-Based Medical Equipment Provider Healthmark Industries
- Global Surgical Lights Market Driven by Increasing Number of Procedures
- Global Capsule Endoscopy Market Driven by Demand for Accurate Diagnosis of Gastrointestinal Conditions
- Global OR Integration Market Driven by Need for Improved Workflow Efficiency and Productivity
- Global Endoscopy Devices Market Driven by Increasing Adoption of Endoscopes in Surgical Procedures
- Global Minimally Invasive Medical Devices Market Driven by Benefits of MIS Procedures
Channels
Artificial Intelligence
view channel
AI-Powered Algorithm to Revolutionize Detection of Atrial Fibrillation
Atrial fibrillation (AFib), a condition characterized by an irregular and often rapid heart rate, is linked to increased risks of stroke and heart failure. This is because the irregular heartbeat in AFib... Read more
AI Diagnostic Tool Accurately Detects Valvular Disorders Often Missed by Doctors
Doctors generally use stethoscopes to listen for the characteristic lub-dub sounds made by heart valves opening and closing. They also listen for less prominent sounds that indicate problems with these valves.... Read more
Critical Care
view channel
Deep-Learning Model Predicts Arrhythmia 30 Minutes before Onset
Atrial fibrillation, the most common type of cardiac arrhythmia worldwide, affected approximately 59 million people in 2019. Characterized by an irregular and often rapid heart rate, atrial fibrillation... Read more
Breakthrough Technology Combines Detection and Treatment of Nerve-Related Disorders in Single Procedure
The peripheral nervous system (PNS) serves as the communication network that links the brain and spinal cord to every other part of the body. It consists of two parts: the somatic nervous system, which... Read more
Surgical Techniques
view channel
Hydrogel-Based Miniaturized Electric Generators to Power Biomedical Devices
The development of engineered devices that can harvest and convert the mechanical motion of the human body into electricity is essential for powering bioelectronic devices. This mechanoelectrical energy... Read more
Wearable Technology Monitors and Analyzes Surgeons' Posture during Long Surgical Procedures
The physical strain associated with the static postures maintained by neurosurgeons during long operations can lead to fatigue and musculoskeletal problems. An objective assessment of surgical ergonomics... Read more.jpg "Image: The sophisticated 3D printer can manufacture custom-made joint replacements for highly complex cases (Photo courtesy of HSS)")
Custom 3D-Printed Orthopedic Implants Transform Joint Replacement Surgery
The evolving field of 3D printing is revolutionizing orthopedics, especially for individuals requiring joint replacement surgeries where traditional implants fail to provide a solution. Although most people... Read more
Cutting-Edge Imaging Platform Detects Residual Breast Cancer Missed During Lumpectomy Surgery
Breast cancer is becoming increasingly common, with statistics indicating that 1 in 8 women will develop the disease in their lifetime. Lumpectomy remains the predominant surgical intervention for treating... Read morePatient Care
view channel
Surgical Capacity Optimization Solution Helps Hospitals Boost OR Utilization
An innovative solution has the capability to transform surgical capacity utilization by targeting the root cause of surgical block time inefficiencies. Fujitsu Limited’s (Tokyo, Japan) Surgical Capacity... Read more
Game-Changing Innovation in Surgical Instrument Sterilization Significantly Improves OR Throughput
A groundbreaking innovation enables hospitals to significantly improve instrument processing time and throughput in operating rooms (ORs) and sterile processing departments. Turbett Surgical, Inc.... Read more
Next Gen ICU Bed to Help Address Complex Critical Care Needs
As the critical care environment becomes increasingly demanding and complex due to evolving hospital needs, there is a pressing requirement for innovations that can facilitate patient recovery.... Read more
Groundbreaking AI-Powered UV-C Disinfection Technology Redefines Infection Control Landscape
Healthcare-associated infection (HCAI) is a widespread complication in healthcare management, posing a significant health risk due to its potential to increase patient morbidity and mortality, prolong... Read moreHealth IT
view channel
Machine Learning Model Improves Mortality Risk Prediction for Cardiac Surgery Patients
Machine learning algorithms have been deployed to create predictive models in various medical fields, with some demonstrating improved outcomes compared to their standard-of-care counterparts.... Read more
Strategic Collaboration to Develop and Integrate Generative AI into Healthcare
Top industry experts have underscored the immediate requirement for healthcare systems and hospitals to respond to severe cost and margin pressures. Close to half of U.S. hospitals ended 2022 in the red... Read more
AI-Enabled Operating Rooms Solution Helps Hospitals Maximize Utilization and Unlock Capacity
For healthcare organizations, optimizing operating room (OR) utilization during prime time hours is a complex challenge. Surgeons and clinics face difficulties in finding available slots for booking cases,... Read more
AI Predicts Pancreatic Cancer Three Years before Diagnosis from Patients’ Medical Records
Screening for common cancers like breast, cervix, and prostate cancer relies on relatively simple and highly effective techniques, such as mammograms, Pap smears, and blood tests. These methods have revolutionized... Read morePoint of Care
view channel
Critical Bleeding Management System to Help Hospitals Further Standardize Viscoelastic Testing
Surgical procedures are often accompanied by significant blood loss and the subsequent high likelihood of the need for allogeneic blood transfusions. These transfusions, while critical, are linked to various... Read more
Point of Care HIV Test Enables Early Infection Diagnosis for Infants
Early diagnosis and initiation of treatment are crucial for the survival of infants infected with HIV (human immunodeficiency virus). Without treatment, approximately 50% of infants who acquire HIV during... Read more
Whole Blood Rapid Test Aids Assessment of Concussion at Patient's Bedside
In the United States annually, approximately five million individuals seek emergency department care for traumatic brain injuries (TBIs), yet over half of those suspecting a concussion may never get it checked.... Read more