The increasing prevalence of uterine cancer worldwide is driving the global uterine cancer diagnostics testing market, says Fortune Business Insights in their new study. The study is titled,” Uterine Cancer Diagnostics Testing Market Size, Share and Global Trend by Type (Blood test, Endometrial biopsy, Imaging, Others), By End-user (Hospitals, Diagnostic centers, Cancer research centers, Others) and Geography Forecast till 2026”.
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Companies operating in the Global Uterine Cancer Diagnostics Testing Market are;
- Siemens Healthcare Private Limited
- Hoffmann-La Roche Ltd.
- Danaher and others.
According to the report, the market is anticipated to be dominated by the endometrial biopsy segment on the basis of segmentation by type. This is because of the higher adoption of uterine testing diagnostics testing equipment and the cost associated with the process.
Segmentation for Uterine Cancer Diagnostics Testing Market are;
- Blood test
- Endometrial biopsy
- Diagnostic centers
- Cancer research centers
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Rising Prevalence of Uterine Cancer Driving Market
The global market for uterine cancer diagnostics testing is growing because of the rising incidence of cancer of the uterus worldwide. The National Cancer Institute of the U.S. states an estimate of 60,000 new cases of uterine cancer in 2019, which, in some cases, leads to gestational trophoblastic disease, where cells inside a woman’s uterus grows abnormally. The rising prevalence of uterine cancer is a major factor boosting the global market and anticipated to continue doing the same in the coming years as well.
The Canadian Cancer Society stated in 2017 the number of women diagnosed with uterine cancer in Canada alone was 7,300. The department of Health and Human Services estimates 11.0% of women between ages 15 to 40 years suffer from endometriosis every year in the U.S. the aforementioned factors are anticipated to drive the market remarkably in the coming years. This, coupled with, the rising prevalence of diabetes and people suffering from obesity per year in the U.S., are expected to boost the global market for uterine cancer diagnostics in the near future.
On the flipside, the market may face challenges in terms of high installation costs of uterine cancer diagnostic imaging systems, and the complications related to the patient’s maternity post biopsy procedure. Additionally, the lack of skilled doctors and shortage of healthcare resources such as radiologists in developing nations may also hamper the market in the coming years.
Nevertheless, government initiatives regarding the various cancer types and improvement in treatment facilities over the time is anticipated to propel demand for uterine cancer therapeutics in the market. This, accompanied with the rising disposable income of the people is propelling people to opt for better treatment facilities.
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Asia Pacific to Witness Faster Growth on Account of Improving Healthcare Facilities in Emerging Economies
Fortune Business Insights foresees the global uterine cancer diagnostics testing market to be dominated by North America. This is because of the increasing prevalence of uterine cancer in the region. On the other hand, the market in Asia Pacific is anticipated to grow at faster rates because of the increasing healthcare facilities in the emerging economies of India, and China. This, accompanied with the rising awareness about various types of cancer, especially of the uterine is anticipated to bring lucrative opportunities for the market in Asia Pacific and help it emerge as the fastest growing region.
KEY QUESTIONS ANSWERED:
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?
What are the key technological and market trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
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