Global In-Vitro Colorectal Cancer Screening Tests Market Size, Trends, and Growth Opportunity, By Product (Fecal Occult Blood Test, Biomarker Tests, and CRC DNA Screening Tests), By Application (MarCarePlex, Cologic, Colox, miRDIGN, PanCDx, and MeSorce CRC), By End-User (Hospitals, Clinics, Diagnostics Laboratories, and Ambulatory Surgical Centers), By Region and Forecast to 2030.
Report ID : IR1002045 | Industries : Healthcare | Published On :June 2024 | Page Count : 231
Global In-Vitro Colorectal Cancer Screening Tests Market Size, Trends, and Growth Opportunity, By Product (Fecal Occult Blood Test, Biomarker Tests, and CRC DNA Screening Tests), By Application (MarCarePlex, Cologic, Colox, miRDIGN, PanCDx, and MeSorce CRC), By End-User (Hospitals, Clinics, Diagnostics Laboratories, and Ambulatory Surgical Centers), By Region and Forecast to 2030.
Global In-Vitro Colorectal Cancer Screening Tests Market
The Global In-Vitro Colorectal Cancer Screening Tests Market was valued at USD 980.5 billion in 2022 and is expected to expand by USD 2,060.37 billion by 2030, at a CAGR of 8.04% during the forecast period 2023- 2030.
In-vitro colorectal cancer screening tests are diagnostic procedures that are used to detect polyps, adenomas, and disease symptoms. There are currently 4 in-vitro diagnostic screening tests available for CRC screening, which includes 1. fecal occult blood test, 2. fecal DNA test, 3. plasma SEPT9 gene methylation test, and 4. fecal immunochemical test.
Market Drivers
The increase in incidences of colon & rectal cancer and the launch of novel screening tests focusing on genetic testing are the major factors that are driving the in-vitro colorectal cancer screening tests market over the forecast period of 2030.
Furthermore, the introduction of government regulations focused on the mandatory application of cancer screening tests, increasing demand for novel minimally invasive tests that screen for colorectal cancer using DNA & genetic biomarkers, and the growing prevalence of colorectal cancer is projected to fuel the growth of the market.
Market Restraints
The high cost of in-vitro colorectal cancer screening procedures & tests, and the low adoption rate in underdeveloped countries and emerging economies can obstruct the in-vitro colorectal cancer screening tests market growth rate in the future.
Market Segmentation
The global in-vitro colorectal cancer screening tests market is segmented into product, application, end-user, and region.
Based on product, the in-vitro colorectal cancer screening tests market is segmented into fecal occult blood tests, biomarker tests, and CRC DNA screening tests.
Further, based on end-user, the market is segmented into hospitals, clinics, diagnostics laboratories, and ambulatory surgical centers.
Regional Analysis
The global in-vitro colorectal cancer screening tests market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the in-vitro colorectal cancer screening tests market due to the improved healthcare infrastructure, and higher prevalence rate.
Also, the Asia-Pacific region is expected to grow at the highest CAGR rate in the forecast period of 2030 owing to the rising predominance of cancer in this region. Cancer is a rising concern because of the geriatric population's expanding base and lifestyle modifications in all Asian countries.
Key Players
Various key players are discussed in the global in-vitro colorectal cancer screening tests market report including; Abbott Molecular Inc., Beckman Coulter Inc., Epigenomics AG Corporation, Siemens Healthcare, Quest Diagnostics Incorporated, OncoCyte Corporation-Biotime, Merck Millipore, GeneNews Ltd., Immunostics Inc., Mode Diagnostics, and Others.
For instance, in July 2022, a study was made to identify & validate novel biomarker combinations capable of detecting various cancers early. MiRXES Ptr Ltd., a biotechnology company announced that project CADENCE had begun following the signing of a MOM (Cancer Detected Early Can be Cured).
Market Taxonomy
By Product
• Fecal Occult Blood Test
• Biomarker Tests
• CRC DNA Screening Tests
By Application
• MarCarePlex
• Cologic
• Colox
• miRDIGN
• PanCDx
• MeSorce CRC
By End-User
• Hospitals
• Clinics
• Diagnostics Laboratories
• Ambulatory Surgical Centers
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global In-Vitro Colorectal Cancer Screening Tests Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global In-Vitro Colorectal Cancer Screening Tests Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact Due To Recent Energy Crisis
4.2.5 Cumulative Impact Due Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact Of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global In-Vitro Colorectal Cancer Screening Tests Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global In-Vitro Colorectal Cancer Screening Tests Market Share Analysis, By Product
5.3 Global In-Vitro Colorectal Cancer Screening Tests Market Size and Forecast, By Product
5.3.1 Fecal Occult Blood Test
5.3.2 Biomarker Tests
5.3.3 CRC DNA Screening Tests
6 Global In-Vitro Colorectal Cancer Screening Tests Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global In-Vitro Colorectal Cancer Screening Tests Market Share Analysis, By Application
6.3 Global In-Vitro Colorectal Cancer Screening Tests Market Size and Forecast, By Application
6.3.1 MarCarePlex
6.3.2 Cologic
6.3.3 Colox
6.3.4 miRDIGN
6.3.5 PanCDx
6.3.6 MeSorce CRC
7 Global In-Vitro Colorectal Cancer Screening Tests Market, By End-Use
7.1 Y-o-Y Growth Comparison, By End-Use
7.2 Global In-Vitro Colorectal Cancer Screening Tests Market Share Analysis, By End-Use
7.3 Global In-Vitro Colorectal Cancer Screening Tests Market Size and Forecast, By End-Use
7.3.1 Hospitals
7.3.2 Clinics
7.3.3 Diagnostics Laboratories
7.3.4 Ambulatory Surgical Centers
8 Global In-Vitro Colorectal Cancer Screening Tests Market, By Region
8.1 Global In-Vitro Colorectal Cancer Screening Tests Market Share Analysis, By Region
8.2 Global In-Vitro Colorectal Cancer Screening Tests Market Share Analysis, By Region
8.3 Global In-Vitro Colorectal Cancer Screening Tests Market Size and Forecast, By Region
9 North America In-Vitro Colorectal Cancer Screening Tests Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America In-Vitro Colorectal Cancer Screening Tests Market Share Analysis, By Product
9.3 North America In-Vitro Colorectal Cancer Screening Tests Market Share Analysis, By Application
9.4 North America In-Vitro Colorectal Cancer Screening Tests Market Size and Forecast, By End-Use
9.5 North America In-Vitro Colorectal Cancer Screening Tests Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe In-Vitro Colorectal Cancer Screening Tests Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe In-Vitro Colorectal Cancer Screening Tests Market Share Analysis, By Product
10.3 Europe In-Vitro Colorectal Cancer Screening Tests Market Share Analysis, By Application
10.4 Europe In-Vitro Colorectal Cancer Screening Tests Market Size and Forecast, By End-Use
10.5 Europe In-Vitro Colorectal Cancer Screening Tests Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific In-Vitro Colorectal Cancer Screening Tests Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific In-Vitro Colorectal Cancer Screening Tests Market Share Analysis, By Product
11.3 Asia Pacific In-Vitro Colorectal Cancer Screening Tests Market Share Analysis, By Application
11.4 Asia Pacific In-Vitro Colorectal Cancer Screening Tests Market Size and Forecast, By End-Use
11.5 Asia Pacific In-Vitro Colorectal Cancer Screening Tests Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America In-Vitro Colorectal Cancer Screening Tests Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America In-Vitro Colorectal Cancer Screening Tests Market Share Analysis, By Product
12.3 Latin America In-Vitro Colorectal Cancer Screening Tests Market Share Analysis, By Application
12.4 Latin America In-Vitro Colorectal Cancer Screening Tests Market Size and Forecast, By End-Use
12.5 Latin America In-Vitro Colorectal Cancer Screening Tests Market Size and Forecast, Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East In-Vitro Colorectal Cancer Screening Tests Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East In-Vitro Colorectal Cancer Screening Tests Market Share Analysis, By Product
13.3 Middle East In-Vitro Colorectal Cancer Screening Tests Market Share Analysis, By Application
13.4 Middle East In-Vitro Colorectal Cancer Screening Tests Market Size and Forecast, By End-Use
13.5 Middle East In-Vitro Colorectal Cancer Screening Tests Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market Share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Abbott Molecular Inc.
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Beckman Coulter Inc.
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.25 Key Market Developments
15.2.6 Key Strategies
15.3 Siemens Healthcare
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Quest Diagnostics Incorporated
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 OncoCyte Corporation-Biotime
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Merck Millipore
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 GeneNews Ltd.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Immunostics Inc.
15. 8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Mode Diagnostics
15.9.1 Overview
15.9.2 Offerings
15.4.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Epigenomics AG Corporation
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies