In-Vitro Colorectal Cancer Screening Tests Market To Witness Comprehensive Growth By 2025
Category: #healthcare  By Ronak Bora  Date: 2021-03-16
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In-Vitro Colorectal Cancer Screening Tests Market To Witness Comprehensive Growth By 2025

Global in-vitro colorectal cancer screening tests market size is slated to expand at a considerable pace over the coming years, as a result of the growing elderly population who is at high risk of suffering from colon and rectal cancer. DNA testing and molecular screening are gaining significant prominence for routine patient care. Gradual shift in preference from the individual gene testing to the whole exome or genome sequencing, to assess at risk individuals with inherited colorectal cancer is expected. This sequencing provides supplementary patient’s genome data.

The demand for in-vitro colorectal cancer screening tests is projected to grow at a steady pace in the coming years majorly due to growing geriatric population that is susceptible to colorectal cancer. Rising prevalence of chronic disorders like inflammatory bowel disease, obesity, and type 2 diabetes coupled with increasing adoption of sedentary lifestyle could propel the cases of colorectal cancer.

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Due to the myriad benefits associated with cancer screening, medical societies and government agencies are raising awareness and offering in-vitro colorectal cancer screening guidelines, presenting several methods on ways to risk stratify patients. Rising initiatives, along with potential benefits of early disease screening, will help incur extra costs and drive the overall production value of the in-vitro colorectal cancer screening tests market over the projected timeframe.

These innovations are attributable to the introduction of Immuno-FOBT for the initial detection of patients with advanced adenomas and colorectal cancer, thereby providing an opportunity for the in-vitro colorectal cancer screening tests market to grow exponentially in years ahead.

Moreover, the Europe in-vitro colorectal cancer screening tests industry recorded remuneration worth $337.4 million in 2018 and is set to depict a 5% CAGR through 2025, which can be attributed to the increasing risk factors such as race, age, as well as changing lifestyle of people in high-income countries. Screening for colorectal cancer is likely to be favored in the forthcoming years due to high health risks associated with sedentary lifestyles and western diet.

The competitive landscape of the in-vitro colorectal cancer screening tests market comprises of companies such as Eiken Chemical, Beckman Coulter, Alere, Qiagen, EMD Millipore, Abbott Molecular, and Siemens Healthcare, among others. These key industry players are focusing on gaining lucrative growth opportunities and expanding their footprint in the global market through various initiatives such as innovative product launches, business expansions, and M&A.

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Partial Chapter of the Table of Content

Chapter 4. In-Vitro Colorectal Cancer Screening Tests Market, By Test Type

4.1. Key segment trends

4.2. Fecal occult blood test (FOBT)

4.2.1. Market estimates and forecast, by region, 2014 - 2025 (USD Million)

4.2.2. Guaiac FOB stool test

4.2.2.1. Market estimates and forecast, by region, 2014 - 2025 (USD Million)

4.2.3. Immuno-FOB agglutination test

4.2.3.1. Market estimates and forecast, by region, 2014 - 2025 (USD Million)

4.2.4. Lateral flow immuno-FOB test

4.2.4.1. Market estimates and forecast, by region, 2014 - 2025 (USD Million)

4.2.5. Immuno-FOB ELISA test

4.2.5.1. Market estimates and forecast, by region, 2014 - 2025 (USD Million)

4.3. Biomarker test

4.3.1. Market estimates and forecast, by region, 2014 - 2025 (USD Million)

4.3.2. Tumor M2-PK stool test

4.3.2.1. Market estimates and forecast, by region, 2014 - 2025 (USD Million)

4.3.3. Transferrin assays

4.3.3.1. In-Vitro Colorectal Cancer Screening Tests Market estimates and forecast, by region, 2014 - 2025 (USD Million)

4.4. CRC DNA screening test

4.4.1. Market estimates and forecast, by region, 2014 - 2025 (USD Million)

4.4.2. Methylated gene test

4.4.2.1. Market estimates and forecast, by region, 2014 - 2025 (USD Million)

4.4.3. Panel DNA test

4.4.3.1. In-Vitro Colorectal Cancer Screening Tests Market estimates and forecast, by region, 2014 - 2025 (USD Million)

 

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About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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