Demand Of Breast Cancer Diagnostics Market To Rise At A Healthy CAGR Of Around 7% Over The Decade

Healthcare

A recently revised survey on the breast cancer diagnostics market by Fact.MR predicts demand to rise at a healthy CAGR of around 7% over the decade. The survey also states that, the global breast cancer diagnostics market was valued at around US$ 4 Bn in 2020, and is slated to expand almost 2X by 2031.

The Demand analysis of Breast Cancer Diagnostics Market offers a comprehensive analysis of diverse features, demand, product developments, revenue generation, and sales of Breast Cancer Diagnostics Market across the globe.

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Key Takeaways from the Market Study

  • By test type, CEA test expected to hold more than 45% market share for breast cancer diagnostics
  • By end user, hospital based labs expected to hold more than 50% market share for breast cancer diagnostics market.
  • Breast cancer diagnostics industry expected to possess nearly 45% market share throughout North America.
  • Breast cancer diagnostics industry expected to possess nearly 40% market share throughout Asia Pacific.
  • Global market for breast cancer diagnostics to reach US$ 4 Bn by the end of 2022

“Rising number of active breast cancer cases is a major concern across the globe, and non-existence of early diagnostic solutions is a major factor influencing the landscape,” says a Fact.MR analyst.

Competitive Landscape

  • Scientists and experts at the RCSI University of Medicine and Health Sciences in Dublin, in a trial funded by Breast Cancer Now, are experimenting on curing secondary breast cancer, which is regarded as incurable as of now. They are studying an existing drug called talazoparib. If the trial is a success, it would change breast cancer treatment radically.
  • In October 2021, Allergan Aesthetics started its “The Power of You” campaign, which consists of various events and partnerships in order to create an impact in the fight against breast cancer. The campaign is expected to be carried on into the first quarter of 2022. The campaign is anticipated to help organizations in creating awareness as well as raining funds to fight breast cancer.

 

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