Global Cancer Diagnostics Market to Reach US$153 Billion by 2032, Driven by Precision Medicine, Early Detection, and AI-Enabled Imaging

By -

Industry Experts, Inc. has published the new market research report "Global Cancer Diagnostics Market - Technologies, Applications and End-Use Facilities." The study estimates the worldwide cancer diagnostics market at US$95.3 billion in 2025, projected to expand to US$153 billion by 2032, growing at a CAGR of 7% during 2025–2032. Growth is underpinned by rising global cancer incidence, government screening initiatives, increasing adoption of precision medicine, and technological advancements such as liquid biopsy, next-generation sequencing, and AI-powered imaging platforms that enhance diagnostic accuracy and efficiency.

The report highlights North America as the largest regional market, commanding 39.8% share in 2025, supported by robust healthcare infrastructure, advanced R&D ecosystems, favourable reimbursement policies, and strong adoption of innovative diagnostic modalities. The U.S. dominates within the region due to high screening rates and established cancer research networks. In contrast, the Asia-Pacific region is the fastest-growing, anticipated to register a CAGR of 7.9% during 2025–2032. Rising cancer incidence, a rapidly aging population, expanding healthcare access, and government-backed screening programs are accelerating demand in China, India, and Japan, making the region a strategic growth hub.

By cancer diagnostics technology, in vitro diagnostics (IVD) leads in 2025, benefiting from the increasing use of PCR, NGS, immunoassays, and liquid biopsy for early cancer detection. Meanwhile, Laboratory-Developed Tests (LDTs) are projected to grow the fastest, at 9% CAGR, owing to their critical role in precision oncology and targeted therapy guidance. By application, breast cancer diagnostics remain the largest segment in 2025, reflecting high prevalence and government-backed screening programs. Colorectal cancer diagnostics will expand the quickest, at 8.3% CAGR, driven by rising incidence, broader screening access, and adoption of non-invasive DNA- and AI-based tests. Among end-use facilities, hospitals dominate with 49% share in 2025, while diagnostic laboratories are projected to see strong growth at 7.6% CAGR, supported by cost efficiency and high-volume test capacity.

The report segments the global cancer diagnostics market by technology (IVD, diagnostic imaging, tumor biomarker tests, biopsy techniques, LDTs, and emerging technologies), application (breast, lung, colorectal, prostate, liver, blood, kidney, pancreatic, ovarian, melanoma, and others), and end user (hospitals, diagnostic laboratories, academic & research institutes, and others). Geographic coverage spans five major regions with detailed analysis of over 14 independent countries. The study profiles more than 15 leading companies, including Abbott Laboratories, Agilent Technologies, Becton Dickinson, bioMerieux, Bio-Rad, Danaher, F. Hoffmann-La Roche, GE Healthcare, Hologic, Illumina, Philips, Myriad Genetics, QIAGEN, Siemens Healthineers, and Thermo Fisher Scientific.

For sample pages or purchase options, contact +1-320-497-3787 or visit Cancer Diagnostics Market Report.

About Industry Experts, Inc.
Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders - corporate strategists, analysts, researchers, and startups, among others - in obtaining unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com.

Comments

Post a Comment

Popular posts from this blog

Demand for Europium to Reach US$373.3 million by 2030 Fostered by Phosphors and Consumer Electronic Applications

By -
Image
Industry Experts, Inc., has released its latest report on Europium Market , which projects the demand for the same to reach US$373.3 million by 2030 from an estimated US$267.1 million in 2024 at a CAGR of 5.7% between the two years. The demand for Europium in the global market is primarily being driven by a number of factors that include increasing demand of phosphors in various applications for making high-quality displays that offer higher cooling, energy efficiency and brightness in products, such as OLEDs & LCDs, which are used in televisions, smart phones, wearables  and other electrical & electronic equipment. Technological advancements have enhanced the methods of extracting, purifying and separating europium from other ores, thereby positively impacting its availability to manufacturers. Heavy investments in R&D for improving performance and overcoming supply challenges of this metal have determined the global market in yielding innovative solutio...
Read more

Copper Demand to Reach US$368.8 B by 2030 Propelled by the Wide Range of Applications of the Metal Across Sectors

By -
Image
Industry Experts, Inc., has released its latest report, on Copper , which projects the demand for Copper to reach US$368.8 billion by 2030 from an estimated US$269 billion in 2024 at a CAGR of 5.4% between the two years. The use of copper and its alloys is quite extensive, contributing significantly to economic development. Major end-user sectors of this vital element include transportation, construction, consumer products, electrical & electronics and industrial machinery. The global demand for copper has been maintaining a steady growth, as statistics reveal a 300% growth in the use of refined copper over the last five decades across the industries mentioned above, reaching about 26.5 million tons in 2023. Other than being used in its primary form, copper is also among the most recycled materials, owing to which the market for secondary copper has been posting considerable growth. With an estimated share of about 41% in 2024, Asia-Pacific is the largest global marke...
Read more

Oil & Gas Fuels Demand for Duplex Stainless Steel and Global Market to Reach $6 billion by 2030

By -
Image
Industry Experts, Inc., has released its latest report, on Duplex Stainless Steel market, which projects the demand for the same to reach US$6 billion by 2030 from an estimated US$4.4 billion in 2024 at a CAGR of 5.4% between the two years. Some of the factors instrumental in driving demand for Duplex Stainless Steel include its widespread use in the oil & gas industry in the form of pipes & tubes. Comprising an almost equal proportion of austenitic and ferritic steels makes this variety of stainless steel very strong and highly resistant to corrosion, owing to which its application across various important end-use sectors has been growing rapidly.  The construction & infrastructure industry is another major consumer of Duplex Stainless Steels, as they are ideal for making bridges and other infrastructure projects. Apart from this, the chemical processing industry, subject to extreme operating environments, also makes extensive use of Duplex Stainless Ste...
Read more