Ovarian Cancer Diagnostics Market Growing with Advanced Technology Developments

Global Ovarian Cancer Diagnostics Market is anticipated to grow with increasing instances of ovarian cancer in female population.

According to TechSci Research report, Ovarian Cancer Diagnostics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, the global ovarian cancer diagnostics market is bound to expand in the forecast years with impressive CAGR due to surge in the demands for the early diagnosis of ovarian cancer from the population. Increasing instances of ovarian cancer along with the advancing healthcare services further drive the growth of the global ovarian cancer diagnostics market in the upcoming five years. Among other types of gynecological cancers, ovarian cancer has the largest patient pool suffering from the diseases in past few years. Higher mortality rate and increasing threat due to various environmental factors and genetic mutations further support the growth of the global ovarian cancer diagnostics market in the next five years. Some of the generic symptoms of the disease include bloating, abnormal menstruation, vaginal bleeding, indigestion, etc. although these symptoms are not definitive for the diseases and patients with family history of the disease must regularly get diagnostic tests done to ensure early diagnosis and better treatment.

Demand for the research and technological advancement has enhanced due to growing demands for the early diagnosis but the diseases is only identified at the advanced stage. With better techniques and advancement in the diagnostic tests the identification may improve that would further facilitate the growth of the global ovarian cancer diagnostics market in the future five years. The government is making efforts toward the situation. Increasing number of initiatives, investments in the healthcare sector to advance the services along with favorable schemes for the promotion of further studies over ovarian cancer is also anticipated to substantiate the growth of the global ovarian cancer diagnostics market in the forecast years through 2027.

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The global ovarian cancer diagnostics market segmentation is based on diagnosis type, cancer type, end user, regional distribution, and competitive landscape. Based on diagnosis type, the market is further segmented into diagnostic imaging, blood test, biopsy, and others. Diagnostic imaging includes transvaginal ultrasound, CT scan, MRI scan, pet scan, and others. Blood tests include CA-125, HER2, BRCA, KRAS mutation, and others. Biopsy includes image guided biopsy, fine needle aspiration biopsy, and others. By cancer type, the market is fragmented into epithelial tumor, germ cell tumor, stromal cell tumor, and others. Diagnostic imaging is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on grounds of increasing importance of early diagnosis and cancer staging. Transvaginal ultrasound is the preliminary technique that visualizes the inner tumors and calculates the size of it. CT scans are also used for the identification of the tumor cells, but the applications are limited and further advancement in the technology is demanded that would fuel the growth of the segment as well as the growth of the global ovarian cancer diagnostics market in the future five years. Based on end user, the market is bifurcated into hospitals & specialty clinics, ambulatory care centers, and others.

Some of the market players, dominating the global ovarian cancer diagnostics market are:

  • Abbott Laboratories, Inc.
  • Bio-Rad Laboratories, Inc.
  • Quest Diagnostics, Inc.
  • Siemens Healthineers AG
  • Thermo Fischer Scientific, Inc.
  • F. Hoffmann-La Roche Ltd (Foundation Medicine)
  • MiRXES Pte Ltd
  • GinaLife
  • Luminex Corporation
  • Myriad Genetics Inc.

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“North America is anticipated to lead the revenue shares growth of the market in the upcoming five years on the account of strong commercial performances of gynecologic diagnostics in the US. Favorable government initiatives, growing advancement in the technology coupled with increasing healthcare expenditures is anticipated to further facilitate the growth of the global ovarian cancer diagnostics market in the future five years. Increasing number of market players invested in the market and advancing their technology with growing investment in the research and development sector would also aid the market growth. Asia Pacific region may hold fastest growing CAGR on the backbone of overall economic development, improvement in the healthcare infrastructure, increasing disposable income among the population and their growing tendency to seek advanced healthcare services further substantiate the growth of the global ovarian cancer diagnostics market in the forecast years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Ovarian Cancer Diagnostics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Diagnosis Type (Diagnostic Imaging {Transvaginal Ultrasound, CT Scan, MRI Scan, PET Scan, Others}, Blood Test {CA-125, HER2, BRCA, KRAS Mutation, Others}, Biopsy {Image Guided Biopsy, Fine Needle Aspiration Biopsy, Others}, Others), By Cancer Type (Epithelial Tumor, Germ Cell Tumor, Stromal Cell Tumor, Others), By End User (Hospitals & Specialty Clinics, Ambulatory Care Centers, Others), By Region”, has evaluated the future growth potential of global ovarian cancer diagnostics and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global ovarian cancer diagnostics market.

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