Report ID: SQMIG35A2910
Report ID:
SQMIG35A2910 |
Region:
Global |
Published Date: November, 2024
Pages:
206
|
Tables:
72 |
Figures:
72
Esoteric Testing Market size was valued at USD 32.69 Billion in 2023 and is poised to grow from USD 35.5 Billion in 2024 to USD 68.69 Billion by 2032, growing at a CAGR of 8.60% during the forecast period (2025-2032).
The market growth is driven by growing demand for early diagnosis, increasing demand for safe methods of cancer diagnosis and increasing incidence of cancer. As National Center for Biotechnology Information (NCBI) estimates about 1.95,000 million cancer diagnoses and 609,820 cancer deaths in the US. Furthermore, the introduction of advanced latent testing technology in independent laboratories is expected to expand the market.
With technological advances such as real-time polymerase chain reaction, next-generation sequencing, increased demand for esoteric diagnostics by surgeons and patients is expected to become paramount leading to increased demand for advanced diagnostic testing. Unlike conventional blood or urine tests, occult tests are usually administered from a laboratory equipped with the necessary equipment. These tests can be very helpful in a particular clinical situation or scientific research because it is more specific and effective therefore, although generally more is required due to increased therefore costs.
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Report ID: SQMIG35A2910