![Global Cancer Diagnostics Market](https://res.cloudinary.com/devmoveo/image/upload/v1706083544/skyquest/report/phpRGeA7D.jpg)
Report ID: SQMIG35J2078
Report ID:
SQMIG35J2078 |
Region:
Global |
Published Date: August, 2024
Pages:
157
|
Tables:
149 |
Figures:
78
The cancer diagnostics market was predominantly dominated by the North America region and contributed to more than 37% of the market share in the year 2023. This is due to the increasing incidences of cancers in the U.S., and Canada which is as a result of aging population, unhealthy lifestyles, rising rate of obesity and others. This has the leading bio-technology and pharmaceutical companies hence promoting development in cancer diagnosis. Further, a sound legal environment for healthcare, coupled with above-average research spending, allows for the swift adoption and approval of new screening technologies. Whereas, additional legislation and reimbursement frameworks in the developed countries of the region also fuel the growth of the market.
The Asia-Pacific region is seeing a sharp rise in cancer incidence, largely due to lifestyle changes, aging populations, and growing urbanization. Cancer diseases are more vicious compared to those in the West in developing countries. Additionally, due to heavy investments by governments and healthcare organizations in this region in healthcare infrastructure and cancer research, better diagnostic facilities and services are emerging. The growth of medical tourism in nations such as India, China, and South Korea, which offer cost-effective and quality diagnostics, also provides an impetus to the cancer diagnostics market.
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Report ID: SQMIG35J2078