Cellular Health Screening Market to be dominated by Multi Test Panels Type through 2028
Increasing geriatric population is
expected to drive the growth of global cellular health screening in the
forecast period, 2024-2028.
According to TechSci Research report,
“Cellular Health Screening Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028F”, the global cellular health screening
market is anticipated to grow at an impressive rate in the forecast period,
2024-2028. This can be ascribed to the increasing significance of healthy life
expectancy and growing concerns from the government towards preventive
healthcare across the globe. Additionally, rising geriatric population and
increasing research and development projects for different pre-clinical studies
can demand for cellular screening and the growing number of campaigns to
educate the public about the signs of chronic diseases and how to prevent them
in order to contain diseases epidemics, especially in the developed countries
in North America and Europe is expected to create lucrative opportunities for
the market growth in coming years. Besides, increasing adoption of telomere
performance programs for leading a healthy life is further expected to support
market growth. Similarly, growing awareness campaigns by different
organizations across the globe have played a significant role in increasing the
demand for testing based preventive healthcare products and service which will
propel the market growth during the forecasted period.
However, rising problem associated with
sample’s transportation and the lack of reimbursement policies, can create
affordability issues, thereby slowing down the growth of global cellular health
screening market in the forecast period. Similarly, difference in the cost kit
offered by different organizations may hamper the cellular health screening
market growth during the forecast period. Also, lack of awareness about new technology
and instability of kits and fragility of samples, making the results less
sensitive and less efficient, can further restrict the growth of global
cellular health screening market.
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The global cellular
health screening market can be
segmented by test type, by sample, by site of collection and by region. Based
on test type, the global cellular health screening market
can be divided into Single Test Panels and Multi Test Panels.
The multi test panels segment dominated the market in 2022 and is expected to
continue maintaining its dominance throughout the forecast period. This can be
ascribed to the increasing research about showing the correlation of telomere
length on multiple molecular and cellular functions, along with the launch of
new testing devices for the detection of telomere length growth. Also, growing
demand for the screening of biomarkers during a single run is expected to
demand for cellular health screening market during the forecasted year.
Based on site of collection, the market
can be segmented into Home, Hospitals & Clinics, Diagnostic Laboratories,
Others. The home segment is expected to dominate during the forecast period on
account of the increasing awareness regarding health and self-sampling adoption
in major markets. Similarly, the presence of a sample collection site and
skilled professionals is also a major factor that will drive the market growth
over the years.
Major companies operating in global
cellular health screening market are:
- Telomere Diagnostics, Inc.
- Quest Diagnostics, Inc.
- Laboratory Corporation of
America Holdings
- SpectraCell Laboratories, Inc.
- Cell Science Systems
Corporation
- Immundiagnostik AG
- Repeat Diagnostics, Inc.
- OPKO Health, Inc.
- Genova Diagnostics, Inc.
- Titanovo, Inc.
For instance, as per the article published by
theguardian.com, in February 2022, an awareness campaign has been launched in
England to increase life-saving screening. This campaign was launched by the
Department of Health and Social Care.
For instance, in September 2021, Genomic Vision
launched TeloSizer to boost the use of telomere for biomarker discovery via its
precise and quantitative detection.
For instance, in a research article published in
July 2020, researchers from Japan proved that the presence of pteridine
derivatives in urine is associated with oxidative stress and smoking.
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“North America is
expected to dominate in the global cellular health screening market due to
the increasing awareness on health, along with growing healthcare expenditure across
the region. Furthermore, increasing funding by government organizations for
preventive healthcare and increasing number of major key players are further
contributing to the demand for cellular health screening. Besides, increasing
adoption of new technologies and growing prevalence of infectious and chronic
diseases in the population, regionally, is further expected to create lucrative
opportunities for the market growth” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Cellular
Health Screening Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented
By Test Type (Single Test Panels v/s Multi Test Panels), By Sample (Blood,
Saliva, Urine, Others), By Site of Collection (Home, Hospitals & Clinics,
Diagnostic Laboratories, Others), By
Region and Competition”, has evaluated
the future growth potential of global cellular health 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 the global cellular
health screening market.
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