USD 2.80 billion
Report ID:
SQMIG35D2256 |
Region:
Global |
Published Date: May, 2024
Pages:
220
|Tables:
86
|Figures:
76
Global Lung Cancer Screening Market size was valued at USD 2.80 billion in 2022 and is poised to grow from USD 2.98 billion in 2023 to USD 4.78 billion by 2031, growing at a CAGR of 6.1% in the forecast period (2024-2031).
The growth of the global lung cancer screening market is primarily driven by the advancements in screening technologies, along with the increasing prevalence of tobacco consumption worldwide. For instance, according to the Food and Drug Administration (FDA), approximately 2.55 million students consumed tobacco products in 2021. Additionally, the Center for Disease Control and Prevention (CDC) reported that nearly 13 out of every 100 U.S. adults aged 18 years and older smoke cigarettes as of 2020. Moreover, the escalating incidence of lung cancer underscores the rising demand for screening devices and solutions, further strengthening the market expansion.
The market is experiencing significant growth due to the growing adoption of low dose computed tomography (CT) for lung cancer screening by healthcare professionals. Additionally, increased awareness about innovative and cost-effective screening techniques, particularly in developing countries like India and China, is driving market growth. Moreover, certain market players are leveraging collaborative strategies, such as partnerships with healthcare institutes, to raise awareness about lung cancer among the general population. For example, Nuance Communications, Inc., collaborated with Baptist Health South Florida's Miami Cancer Institute (MCI) to establish a lung cancer screening program aimed at early diagnosis and effective treatment.
However, the high cost of screening remains a notable barrier to market growth. Also, the concerns regarding radiation exposure from chest X-rays and computed tomography scans pose challenges, negatively impacting market share. Addressing these concerns through technological innovations, cost-effective solutions, and public education initiatives will be crucial for overcoming barriers and fostering sustainable growth in the lung cancer screening market.
Global Market Size
USD 2.80 billion
Largest Segment
Non-Small Cell Lung Cancer
Fastest Growth
Small Cell Lung Cancer
Growth Rate
6.1% CAGR
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The global lung cancer screening market is segmented by type, application, sales channel and region. Based on type, the market can be segmented into non-small cell lung cancer (NSCLC) and small cell lung cancer. Based on Diagnosis type, the market is segmented into low-dose spiral CT and chest x-ray. Based on end-user, the market can be segmented into, oil & gas, water, chemicals, food & beverage and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East, and Africa.
Analysis by Type
Based on type, the market can be segmented into non-small cell lung cancer (NSCLC) and small cell lung cancer. The leading segment in the global lung cancer market is typically non-small cell lung cancer (NSCLC), primarily due to its higher prevalence compared to small cell lung cancer (SCLC). NSCLC accounts for approximately 85% of all lung cancer cases and encompasses multiple subtypes, including adenocarcinoma, squamous cell carcinoma, and large cell carcinoma. NSCLC tends to grow more slowly and is often diagnosed at an earlier stage than SCLC, allowing for a wider range of treatment options such as surgery, radiation therapy, chemotherapy, targeted therapy, and immunotherapy. Additionally, advancements in precision medicine and the development of targeted therapies and immunotherapies have further expanded treatment options for NSCLC patients, contributing to its dominance in the market.
After NSCLC, the fastest-growing segment in the lung cancer market is small cell lung cancer (SCLC). While NSCLC remains the dominant subtype in terms of prevalence, SCLC is experiencing growth due to several factors. One key driver is increasing awareness and research focus on SCLC, leading to advancements in understanding its underlying biology and the development of novel treatment strategies. Additionally, emerging targeted therapies and immunotherapies specifically tailored for SCLC are expanding treatment options and improving outcomes for patients. Furthermore, efforts to enhance early detection and diagnosis of SCLC, along with improvements in supportive care measures, are contributing to its growing prominence in the lung cancer market.
Analysis by Diagnosis Type
Based on Diagnosis type, the market is segmented into low-dose spiral CT and chest x-ray. The leadingand fastest-growing segment in the lung cancer market based on diagnosis type is low-dose spiral CT (LDCT). LDCT has emerged as the leading modality for lung cancer screening and diagnosis due to its superior sensitivity in detecting small lung nodules compared to chest X-ray. Multiple large-scale clinical trials, including the National Lung Screening Trial (NLST), have demonstrated the efficacy of LDCT in reducing lung cancer mortality among high-risk individuals, particularly current and former smokers. Professional guidelines and recommendations from organizations such as the U.S. Preventive Services Task Force (USPSTF) have also endorsed LDCT as the preferred screening modality for individuals at high risk of developing lung cancer. As a result, LDCT has become widely adopted in clinical practice and is considered the standard of care for lung cancer screening, thereby dominating the market segment.
After LDCT, the fastest-growing segment in the lung cancer market based on diagnosis type is chest X-ray. Despite its lower sensitivity compared to LDCT, chest X-ray remains a widely accessible and cost-effective imaging modality for initial lung cancer screening and evaluation. The growth of chest X-ray usage in lung cancer diagnosis is propelled by several factors, including its widespread availability in primary care settings, ease of use, and relatively lower radiation exposure compared to CT scans. The advancements in digital imaging technology and image interpretation algorithms have improved the sensitivity and diagnostic accuracy of chest X-ray, making it an attractive option for healthcare providers seeking to screen large populations for lung cancer, especially in resource-constrained settings or for individuals who may not meet the criteria for LDCT screening.
Analysis by End-User
Based on end-user, the market can be segmented into, oil & gas, water, chemicals, food & beverage and others. In the global lung cancer market, hospitals are the leading segment. This dominance stems since hospitals serve as comprehensive healthcare institutions equipped with advanced diagnostic facilities, specialized oncology departments, and multidisciplinary teams of healthcare professionals. They provide a wide range of services essential for the diagnosis, treatment, and management of lung cancer, including imaging, surgery, chemotherapy, radiation therapy, and supportive care. Additionally, hospitals often have the capacity to handle complex cases, emergencies, and inpatient admissions, offering patients access to specialized expertise and advanced treatment modalities under one roof. As focal points for cancer care delivery, hospitals attract a significant volume of lung cancer patients, thereby establishing themselves as the leading segment in the market.
The fastest-growing segment in the global lung cancer market is clinics. Clinics are experiencing rapid growth due to a growing emphasis on outpatient care and the shift towards decentralized healthcare delivery models, which favour the expansion of clinic-based services for lung cancer diagnosis, treatment and follow-up. Clinics offer convenience, accessibility, and personalized care options for patients, particularly in urban areas where the demand for specialized oncology services is high. Moreover, advancements in technology, such as telemedicine and remote monitoring solutions, are enabling clinics to expand their reach and provide virtual consultations and remote monitoring services, further driving growth in this segment. The establishment of specialized lung cancer clinics and multidisciplinary care centres focused on holistic patient management contributes to the rapid expansion of clinic-based services in the lung cancer market.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East, and Africa. North America stands out as the leading region in the global lung cancer screening market due to several key factors. In North America, particularly the United States, there is a high prevalence of lung cancer, driving significant demand for screening services. Secondly, the region benefits from well-established healthcare infrastructure, advanced imaging technologies, and widespread access to healthcare facilities, facilitating the implementation of screening programs. Additionally, favourable reimbursement policies, extensive research and development activities, and robust public awareness campaigns contribute to the adoption of lung cancer screening in North America. Furthermore, strategic partnerships between healthcare providers, government agencies, and industry players further strengthen the market's growth trajectory. These combined factors position North America at the leading position of the lung cancer screening market.
Asia Pacific emerges as the fastest-growing region in the global lung cancer screening market due to several compelling reasons. The region's large population base, particularly in countries like China and India, presents significant opportunities for screening initiatives. Also, the rising healthcare expenditure, improving access to healthcare services, and increasing awareness about cancer prevention drive the demand for screening programs. Additionally, technological advancements and the adoption of innovative screening modalities contribute to the region's growth. And the government initiatives, public-private partnerships and collaborations with international organizations support the expansion of lung cancer screening infrastructure and services in the Asia Pacific region, fuelling its rapid growth in the market.
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Drivers
Increasing Incidence of Lung Cancer
Growing Awareness about Early Detection
Aging Population
Adoption of Smoking Cessation Programs
Restraints
Risk of False Positives and Overdiagnosis
Radiation Exposure Concerns
Cost of Screening
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The global lung cancer screening market exhibits a competitive landscape characterized by the presence of established MNCs and emerging players striving to gain market share. Major key players such as GE Healthcare, Siemens Healthineers and Philips Healthcare dominate the market with their extensive product portfolios, technological expertise, and global distribution networks. These companies focus on innovation, strategic collaborations, and acquisitions to strengthen their market position and offer comprehensive solutions for lung cancer screening. Additionally, the market witness's competition from specialized diagnostic companies, biotechnology firms, and startups that are driving advancements in imaging technologies, biomarker detection, and personalized screening approaches. Rising investments in research and development, along with increasing emphasis on value-based care and patient-centric solutions, contribute to the dynamic competitive landscape of the lung cancer screening market.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Lung Cancer Screenings market analysis, the global lung cancer market exhibits a dynamic landscape shaped by various drivers, including segmentation by diagnosis type, regional insights, and the competitive landscape. Based on type, the non-small cell lung cancer is the leading the market. Low-dose spiral CT emerges as the leading segment, driven by its superior sensitivity and efficacy in lung cancer screening, supported by professional guidelines and widespread adoption in clinical practice. Similarly, hospitals are leading the global market over clinics, as they serve as the comprehensive healthcare institution with advance equipment. However, chest X-ray remains a fast-growing segment, fuelled by its accessibility, cost-effectiveness, and technological advancements enhancing diagnostic accuracy. Regionally, North America dominates the market, attributed to advanced healthcare infrastructure, favourable reimbursement policies, and early adoption of screening technologies. Meanwhile, the Asia Pacific region emerges as the fastest-growing market, driven by rising healthcare expenditure, improving access to care, and government initiatives. The competitive landscape is characterized by established players such as GE Healthcare, Siemens Healthineers, and Philips Healthcare, alongside emerging companies focusing on innovation and collaboration to address unmet needs in lung cancer diagnosis and management. As the market continues to evolve, strategic partnerships, technological advancements, and emphasis on early detection and personalized care will remain pivotal in driving advancements and improving outcomes in lung cancer management globally.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2.80 billion |
Market size value in 2031 | USD 4.78 billion |
Growth Rate | 6.1% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Lung Cancer Screening Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Lung Cancer Screening Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Lung Cancer Screening Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Lung Cancer Screening Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35D2256
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