Lung cancer diagnostics market will grow at a CAGR of 14.2% during the forecast period of 2023 to 2030. Lung Cancer Diagnostics Market Global Industry report provides the latest market statistics, industry growth, size, share, trends, as well as driving factors. The Lung Cancer Diagnostics report further covers the extensive analysis of the upcoming progress of the Lung Cancer Diagnostics Market. The detailed overview of the market segments, product description, Lung Cancer Diagnostics applications is presented in this report.
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Market Definition
Cancer begins in the lungs and most often occurs in people who smoke. Two major types of lung cancer are non-small cell lung cancer and small cell lung cancer. Causes of lung cancer include smoking, second-hand smoke, exposure to certain toxins, and family history.
Symptoms include a cough (often with blood), chest pain, wheezing, and weight loss. These symptoms often don't appear until the cancer is advanced. Treatments vary but may include surgery, chemotherapy, radiation therapy, targeted drug therapy, and immunotherapy.
Recent Developments
• In October 2022, Quest Diagnostics announced a new chapter of the partnership with Decode Health. This partnership has aided the business in decreasing the time and expense involved in creating fresh diagnostic tests and finding new medication targets for various cancers and increased the company's global presence
• In August 2022, F. Hoffmann-La Roche Ltd. announced the launch of a Digital LightCycler System, a next-generation digital PCR system that helps clinical researchers better understand the nature of a patient's cancer, genetic disease, or infection. This system is designed for laboratories performing highly sensitive and precise DNA and RNA analysis in oncology and infectious diseases
Some players in the global lung cancer diagnostics market are F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Abbott, Quest Diagnostics Incorporated, Biodesix, Amoy Diagnostics Co., Ltd., Bio-Rad Laboratories, Inc., Biocartis, Boditech Med Inc., Danaher, Vela Diagnostics, DiaSorin S.p.A., Exact Sciences UK, Ltd. (a subsidiary of Exact Science Corporation), 20/20 Gene Systems, Guardant Health, Inc., Inivata Ltd., LalPathLabs.com, LungLife AI, Inc., MedGenome, Myriad Genetics, Inc., NeoGenomics Laboratories, NanoString, Nanoentek, Oncocyte Corporation, PerkinElmer Inc., PlexBio, QIAGEN, Siemens Healthcare GmbH, and Veracyte, Inc. among others.
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Highlights of the Lung Cancer Diagnostics Market:
• Extensive analysis of Lung Cancer Diagnostics market on historic, current, and futuristic states.
• The report provides a regional analysis of the global Lung Cancer Diagnostics market that is predicted to show the fastest growth during the forecast period.
• The report presents an Important revolution in Lung Cancer Diagnostics market
• The drivers and restraints associated with the Global Lung Cancer Diagnostics market are included along with their effects on market growth in upcoming years.
• It identifies huge-growth segments of the market and their future scope.
• A complete quantitative study of the market to enable the stakeholders to capitalize on the prevailing market opportunities.
• Lung Cancer Diagnostics Market analysis and comprehensive segmentation for the component, functionality, delivery model, end-user, and geography to assist in strategic business planning.
• Global Lung Cancer Diagnostics Market analysis and forecast for five major geographies North America, Europe, Asia Pacific, Middle East & Africa, Latin America, and their key regions.
• An exhaustive evaluation of industry environment, pricing structure, market dynamics, and driving forces.
• Lung Cancer Diagnostics Market opportunities, market threats, restraints, and major challenges to act accordingly.
• In-depth analysis of the industry based on market segments, market dynamics, market size, competition & companies involved in the value chain.
Key questions answered in this report: –
• What will be the market size and what will be the growth rate?
• What are the challenges for market expansion?
• What are the main aspects that help to drive the Lung Cancer Diagnostics Market?
• Who are the key competitors of this Global Lung Cancer Diagnostics Market industry?
• What are the Lung Cancer Diagnostics Market opportunities and threats faced by the manufacturers in the Lung Cancer Diagnostics industry?
• What are the revenue and sales analysis of the Lung Cancer Diagnostics Market?
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Global Lung Cancer Diagnostics Market Regional Analysis/Insights
The global lung cancer diagnostics market is analyzed, and market size insights and trends are provided by country, product type, test type, cancer type, end user, and distribution channel, as referenced above.
Some countries covered in the global lung cancer diagnostics market are the U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Austria, Norway, Hungary, Lithuania, Ireland, Poland, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, New Zealand, Taiwan and Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Oman, Bahrain, Qatar, Kuwait and Rest of Middle East and Africa.
The U.S. is expected to dominate in the North American region due to exponential awareness of cancer diagnostics and consultancy services. Germany is expected to dominate the Europe lung cancer diagnostics market due to increasing technology and reliability of healthcare services, which also deliver infotainment services. Due to the rise in chronic diseases with the growing integration of healthcare data with portable devices.
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