As per Fact.MR, a market research and competitive intelligence provider, the global kidney cancer diagnostics market is anticipated to top US$ 1.2 Bn by 2031, progressing at a CAGR of 7% over the next ten years.
Kidney cancer is most common in the elderly population. It is also known as renal cell carcinoma (RCC), and has undergone significant changes in management and diagnosis in recent years. Various types of kidney cancers progress in different ways, resulting in different long-term outcomes. Renal pelvis and renal tubule are the two main sites of origin for this cancer in the kidney.
In the global market for kidney cancer diagnostics, MRI and CT scans are standard diagnostic procedures, but patients are seeking the development of more advanced and effective diagnostic tests. Furthermore, medical organizations share this desire to improve the diagnostic approach for kidney cancer patients, as they continue to invest heavily in the research & development of new diagnostic procedures.
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Key Takeaways from Market Study
- Global kidney cancer diagnostics market to top US$ 1.2 Bn by 2031.
- Immunochemistry tests projected to reach around US$ 550 Mn by 2031.
- Urine tests projected to record above 5% CAGR over next 10 years.
- Market in North America holds share of more than 50%.
- Market in South Korea expected to reach valuation of US$ 350 Mn by 2031.
- Market in Australia to record 4% CAGR over forecast period of 2021- 2031.
“Market players have gained huge profits due to advancements in early diagnosis tests, and are also collaborating with medical research organizations to develop diagnostic methods, which, in turn, has driven demand for kidney cancer diagnostic solutions,” says a Fact.MR analyst.
Key Segments Covered in Kidney Cancer Diagnostics Industry Research
- Immunohistochemistry Test for Kidney Cancer Diagnostics
- Complete Blood Count Test for Kidney Cancer Diagnostics
- Urine Test for Kidney Cancer Diagnostics
- Blood Chemistry Test for Kidney Cancer Diagnostics
- Renal Cell Carcinoma Kidney Cancer
- Transitional Cell Carcinoma Kidney Cancer
- Kidney Sarcoma Kidney Cancer
- Wilms Tumor Kidney Cancer
- Kidney Lymphoma Kidney Cancer
- Hospital-associated Labs for Kidney Cancer Diagnostics
- Independent Diagnostic Laboratories for Kidney Cancer Diagnostics
- Cancer Research Institutes for Kidney Cancer Diagnostics
- Metastatic Kidney Cancer Therapy
- Nephrectomy Therapy for Kidney Cancer
- Cytokine-based Treatment for Kidney Cancer
- Diagnostic Laboratories for Kidney Cancer
- Diagnostics Test for Kidney Cancer
Presence of many well-known players reveals the market for kidney cancer diagnostics to be extremely competitive. Vendors in this market are concentrating on improving the quality of their products.
They are heavily investing in research activities to achieve this goal. Several businesses are also planning regional expansion and new product launches. Key companies in the market are focused on gaining regulatory approvals, developing advanced products, and collaborating with other businesses to expand their market presence.