Multi-Cancer Diagnostic Tests: Global Market Outlook

Report Code: MDS101A

Publish Date: Mar 2024

Publisher: BCC Publishing

Category: Medical Devices And Surgical

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Report Highlights

This report provides an in-depth analysis of the global multi-cancer diagnostic (MCD) test market. It highlights the current and future market potential of the tests along with a detailed analysis of the drivers and challenges in the market. The report includes the company profiles of the key players with detailed information about their product portfolios and pipeline products.

Report Includes

  • An overview of the global market for multi-cancer diagnostic tests.
  • Analyses of the global market trends, with historical market revenue data (sales figures) from 2020 to 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028.
  • Analysis of the current and future market potential of multi-cancer detection tests, as well as the market’s drivers and challenges.
  • Estimate of the size of the global market, revenue forecasts, and corresponding market share analysis by test type, end user and region.
  • Overview of the significant trends that affect the competitive landscape, including recent M&A activity and venture funding.
  • Discussion of sustainability trends and ESG developments in the multi-cancer diagnostic test market, with an emphasis on consumer attitudes, and companies’ ESG scores and their ESG practices.
  • Information pertaining to the recent developments and emerging technologies in the market.
  • Profiles of the major players in the market.

Report Scope

The current report provides detailed exposure to the MCD test market and highlights the current and future market potential of the tests along with a detailed analysis of the drivers and challenges in the market. The report also covers market projections for 2028. The report details the market share of MCD tests based on type and end user. The market is segmented into laboratory-developed tests and in-vitro diagnostic tests based on test type. The market is segmented into diagnostic laboratories, hospitals and research institutions based on end user. The report includes the company profiles of the key players with detailed information about their product portfolios and pipeline products. The study does not include single cancer early detection tests and detection tests for targeted therapies.

The regional markets covered are U.S., Europe and emerging markets.

Revenues are broken down by region, type and end user. For market estimates, data has been provided for 2020 and 2021 as historic years, 2022 as the base year, 2023 and a forecast for 2028.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2023-2028
Base year market size $350.8 million
Market size forecast $2.3 billion
Growth rate CAGR of 32.3% from 2023 to 2028
Units considered $ Millions
Segments covered By Test Type, End User, and Region
Regions covered The U.S., Europe, and Emerging Markets
Key Market Drivers
  • Unmet Needs in Cancer Screening
  • Government Measures for Cancer Screening
Companies studied
GUANGZHOU ANCHORDX MEDICAL CO. LTD.GUARDANT HEALTH
GRAILBURNING ROCK BIOTECH LTD.
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Frequently Asked Questions (FAQs)

The multi-cancer diagnostic tests market is projected to grow from $350.8 million in 2022 to $2.3 billion by 2028, at a compound annual growth rate (CAGR) of 32.3% during the forecast period.
The lack of recommended screening methods for lethal cancers and favorable government polices driving the market growth.
The market is segmented on the basis of test type, end user and region.
Laboratory developed tests (LDTs) segment will dominate the market by the end of 2028.
Exact Sciences, Grail Inc., Guardant Health, Burning Rock Biotech, and Delfi Diagnostics.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Let us assist you! Our analysts are ready to tailor this report to your specific need. Talk to Our Analyst

Table of Contents

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Full Report: Multi-Cancer Diagnostic Tests: Global Market Outlook49Free

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Multi-Cancer Diagnostic Tests: Global Market Outlook
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