Asia Pacific Multicancer Screening Market to Grow with a CAGR of 4.25% through 2028

Surge in research and development activities is expected to drive the Asia Pacific Multicancer Screening Market growth in the forecast period, 2024-2028.

According to TechSci Research report, “Asia Pacific Multicancer Screening Market – By Country, Competition, Forecast and Opportunities, 2018-2028F”, the Asia Pacific Multicancer Screening Market stood at USD275.76 million in 2022 and is anticipated to grow with a CAGR of 4.25% in the forecast period, 2023-2028. The initiatives taken by government based on multicancer screening has led to favorable market conditions for the Asia Pacific Multicancer Screening Market. Several factors contribute to the growth of various multicancer screening market products.

A coalition called the Asia-Pacific Breast and Cervical Cancer Fighting Alliance has been established with the aim of combating breast and cervical cancers across the Asia-Pacific region. Recognizing the urgent need to address these diseases, this coalition places a strong emphasis on intensifying efforts toward improved prevention, early detection, and management of breast and cervical cancers.

In 2020, the World Health Organization (WHO) released a comprehensive strategy to accelerate the global elimination of cervical cancer as a public health problem. As part of this strategy, the WHO strongly encourages countries in the Asia-Pacific region to implement self-collection cervical screening, which has shown promising results in increasing screening rates and early detection of cervical abnormalities. By implementing this approach, countries can significantly contribute to the overall goal of eliminating cervical cancer and reducing its burden on society.

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In recent years, there has been a growing emphasis on early detection and diagnosis of cancer, which has shown to significantly enhance patient outcomes while also reducing healthcare costs. Consequently, researchers are increasingly dedicating their efforts to the development of innovative screening methods capable of detecting multiple types of cancer simultaneously.

One such method being explored by scientists is liquid biopsy, a non-invasive technique that identifies genetic mutations in circulating tumor DNA (ctDNA). Promising studies indicate that this technology holds the potential to identify a wide range of cancers at their earliest stages.

The Asia Pacific Multicancer Screening Market is segmented into cancer type, technology, regional distribution, and company.

Based on its cancer type, the breast and gynecologic segment held the largest share in the market. In recent years, there have been remarkable technological advancements that have greatly improved the accuracy and efficiency of breast and gynecologic cancer screening. These advancements have revolutionized the way we detect and diagnose these types of cancers, offering new hope and possibilities for early intervention and improved outcomes.

One notable area of progress is in imaging technologies, which have undergone significant developments. These advancements have led to enhanced detection capabilities for breast cancer, allowing for more precise and accurate diagnoses. With the use of advanced imaging techniques such as mammography, ultrasound, and magnetic resonance imaging (MRI), healthcare professionals are now able to detect abnormalities and potential signs of breast cancer at earlier stages.

In addition to imaging technologies, innovations in genetic testing have played a crucial role in identifying women at high risk of certain types of gynecologic cancer. Through genetic testing, healthcare providers can analyze an individual's genetic makeup and identify specific gene mutations that are associated with an increased risk of developing gynecologic cancers. This information allows for personalized screening strategies and targeted interventions for those at higher risk, ultimately leading to earlier detection and improved outcomes.

Furthermore, the introduction of liquid biopsy has shown great promise in the early detection of various types of cancer, including breast and gynecologic cancers. This non-invasive procedure involves analyzing a sample of body fluid, such as blood or urine, to detect the presence of cancer cells or genetic material associated with cancer. Liquid biopsy offers a less invasive and more accessible alternative to traditional tissue biopsies, potentially enabling earlier detection and monitoring of cancer progression.

Based on country, China segment is expected to grow during the forecast period.

China has been leading the way in embracing advanced diagnostic technologies, including next-generation sequencing (NGS) and liquid biopsy. These cutting-edge technologies have revolutionized cancer screening, enhancing both efficiency and accuracy. As a result, there has been a significant surge in demand for multicancer screening tests, as they offer a comprehensive approach to detecting various types of cancer. This remarkable progress in diagnostic capabilities has propelled China to the forefront of the global fight against cancer.

Major companies operating in Asia Pacific Multicancer Screening Market are:

• Thermo Fisher Scientific Inc
• Danaher Corporation
• Exact Sciences Corporation
• F. Hoffmann-La Roche Ltd
• Genecast Biotechnology Co., Ltd
• Guardant Health, Inc.
• Konica Minolta, Inc.
• Myriad Genetics, Inc.

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“Growing application of multicancer screening in various end user industries are key drivers of the multicancer screening market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of multicancer screening with every passing year are anticipated to register an impressive growth to Asia Pacific Multicancer Screening Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Asia Pacific Multicancer Screening Market By Cancer Type (Breast and Gynecologic, Gastrointestinal, Endocrine, Genitourinary, Skin, Brain/Nervous System, Sarcoma, Hematological Malignancies, Lung, Head and Neck, Others), By Technology (Next-Generation Sequencing (NGS), Polymerase Chain Reaction (PCR), Immunohistochemistry (IHC), Fluorescence In-Situ Hybridization (FISH), Other), By Country, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Asia Pacific Multicancer Screening Market 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 Asia Pacific Multicancer Screening Market.

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