SAN FRANCISCO, Nov. 24, 2022 (GLOBE NEWSWIRE) -- Data Bridge Market Research completed a qualitative study titled "Ovarian Cancer Diagnostics Market" with 100+ market data tables, pie charts, graphs, and figures spread across Pages and an easy-to-grasp full analysis. This Ovarian Cancer Diagnostics market analysis report lends a hand to businesses to prosper in the market by providing them with an array of insights about the market and the Ovarian Cancer Diagnostics industry. Inputs from various industry experts, essential for the detailed market analysis, have been used very carefully to generate this finest market research report. The Ovarian Cancer Diagnostics market report also covers a strategic profiling of the major players in the market, an all-inclusive analysis of their basic competencies, and hence keeps the competitive landscape of the market in front of the client.
To better construct this Ovarian Cancer Diagnostics report, a nice blend of advanced industry insights, practical solutions, talent solutions, and the latest technology is used which gives an excellent experience to the readers or end users. This market report comprises a study of the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, possible future trends, and market demand and supply scenarios. Market definition, market segmentation, key developments in the market, competitive analysis, and research methodology are the key topics into which this market report has been divided.
The global ovarian cancer diagnostics market is expected to grow in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.0% in the forecast period of 2023 to 2030 and is expected to reach USD 11,647.12 million by 2030.
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Ovarian cancer is most common in women between the ages of 50 and 79. It is becoming more prevalent as the world's geriatric population grows and there is a greater emphasis on early detection and treatment, which is expected to accelerate ovarian cancer diagnostic market development. Increasing government investment in raising awareness about early cancer detection as well as increasing health-care spending would also propel business growth. Obesity appears to play a significant role in the development of ovarian cancer. Other lifestyle choices that can raise the risk include smoking, drinking, and not having children. Since ovarian cancer is not easily detectable, women who are at risk of developing the disease must undergo routine testing to identify the disease early, allowing the market to expand.
The global ovarian cancer diagnostic market is growing in the forecast year due to the rise in market players and the availability of advanced services. Along with this, manufacturers are engaged in R&D activity for launching novel services in the market. The increasing research in ovarian cancer diagnostics and development is further boosting the market growth. However, difficulties in ovarian cancer screening techniques might hamper the growth of the global ovarian cancer diagnostic market in the forecast period.
The Global Market Is Analyzed in Depth in the Latest Study. Taking into account the current level of competition and its projected evolution over the next few years.
Rapidly increasing demands, a rise in industrialization, consumer awareness, growing sectors, and technical improvements are fueling the expansion of the global Ovarian Cancer Diagnostics market. Sales and revenue in this sector have increased at an exponential rate. The market's size and growth are both expected to increase thanks to the factors driving the market's expansion over the projected period.
Leading businesses in the Ovarian Cancer Diagnostics Industry are investing heavily in R&D in order to build a larger client base and expand their share of the market by reintroducing improved products to consumers. All of the companies' strategies, as well as their financial health, revenue, gross margin, and growth rate, are detailed in the study.
The Ovarian Cancer Diagnostics Market is Dominated by Firms Such as
- F. Hoffmann-La Roche Ltd,
- Tosoh India Pvt. Ltd.,
- Luminex Corporation,
- Quest Diagnostics Incorporated,
- Thermo Fisher Scientific Inc.,
- Siemens healthcare private limited,
- Myriad genetics Inc.,
- Bio-rad laboratories, Inc.,
- R&d systems, Inc.,
- Foundation medicine, Inc.,
- Biosupply ltd,
- Lcm genect srl,
- Inex innovate private limited,
- Abcam plc.,
- Monobind Inc.,
- Mp biomedicals,
- Biovision Inc.,
- Boster biological technology,
- Biogenix Inc. Pvt. Ltd.,
- Genway biotech and
- Lifespan biosciences
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Fundamental Aim of Ovarian Cancer Diagnostics Market Report
In the Ovarian Cancer Diagnostics market, every company has goals, but this report focuses on the most important ones, allowing you to gain insight into the competition, the future of the market, potential new products, and other useful information that can boost your sales significantly.
- Factors influencing the Ovarian Cancer Diagnostics Market Size and growth rate.
- Major alterations to the Ovarian Cancer Diagnostics Market in the near future.
- Notable Market rivals around the world.
- The Ovarian Cancer Diagnostics Market's Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
- Sales data and profiles of the world's leading Ovarian Cancer Diagnostics Players
- In November 2022, Myriad genetics Inc. announced that it has acquired Gateway Genomics, LLC, The acquisition strengthens Myriad Genetics’ portfolio of Women’s Health products, expanding access to personalized genetic tests during the reproductive stage of a women’s life and beyond. With SneakPeek, Myriad now serves women earlier in their pregnancy, providing data-driven genetic insights through their lifetime with the Prequel non-invasive prenatal screen, Foresight carrier screen, and MyRisk Hereditary Cancer Test with Risk Score for all ancestries, this will help the company to increase their revenue.
- In October 2022, Quest Diagnostics announced the new phase of collaboration with Decode health, in the starting phase of collaboration, the two parties developed RNA (transcriptome) sequencing capabilities based on both parties' next-generation sequencing, analytics and clinical expertise. The collaboration is significant as biomarker-based data can help reduce the time and cost of developing novel diagnostic tests and identifying new drug targets for different types of cancers (breast, prostate and ovarian cancer). This collaboration helps the company to find innovative paths in the field of R&D and increases the global presence of the company.
Opportunities for Key Players:
- Increasing Healthcare Expenditure for Cancer Diagnosis and Treatment
Across the globe, R&D activities are escalating owing to public health expenditure with economic performances whereas, the healthcare industry ranks second among all industries when it comes to the amount spent on healthcare. Rising healthcare expenditure can result in better provision of R&D opportunities. It is anticipated to upsurge the demand for ovarian cancer diagnostics.
Increasing healthcare expenditure for cancer treatment also helps patients to take hassle-free advanced diagnostics and treatment for fast recovery. The spending on healthcare is made up of the combination of out-of-pocket payments (people paying for their own care), government expenditure, and sources including health insurance and activities by Non-Governmental Organizations (NGOs). Due to this increasing healthcare expenditure for cancer treatment, acts as an opportunity for market growth.
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Key Market Segments Covered in Ovarian Cancer Diagnostics Industry Research
- Kits and Reagents
- Blood Markers Testing
- Medical Imaging Test
- Biopsy Tests
- Epithelial Tumor
- Stromal Cell Tumor
- Cancer Diagnostic Centers
- Hospital Laboratories
- Research Institutes
Key Growth Drivers:
- Growing Ovarian Cancer Awareness
Growing ovarian cancer awareness has led to an increased demand for timely cancer detection, leading to market growth.
Ovarian cancer is one of the major causes of rising mortality rates among female populations worldwide, which is fuelling market growth over the next five years. Cancer in the ovaries and cysts is becoming more common due to various factors such as environmental factors and genetic mutations.
Ovarian cancer is a type of cancer that affects women’s egg-producing organs, the ovaries. Ovarian cancer is difficult to diagnose because the symptoms are vague and are often detected only after cancer has spread through the stomach and pelvis, making it difficult to cure.
As a result, improved diagnostic processes and techniques are required to determine the cancer stage to treat. Furthermore, the rising mortality rate from ovarian cancer is concerning, emphasizing the importance of early detection so that treatment can be provided.
Due to an increase in awareness about ovarian cancer, it is expected to act as a driving factor for market growth.
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- Improved Diagnostic Processes and Techniques
Screening tests and exams are used to detect a disease, such as cancer, in people who do not have any symptoms. There has been a lot of research to develop a screening test for ovarian cancer, but there has not been much success so far. The two tests used most often (in addition to a complete pelvic exam) to screen for ovarian cancer are Transvaginal Ultrasound (TVUS) and the CA-125 blood test.
TVUS is a test that uses sound waves to look at the uterus, fallopian tubes, and ovaries by putting an ultrasound wand into the vagina. It can help find a mass (tumor) in the ovary, but it cannot actually tell if a mass is cancer or benign. When it is used for screening, most of the masses found are not cancer.
The CA-125 blood test measures the amount of a protein called CA-125 in the blood. Many women with ovarian cancer have high levels of CA-125. This test can be useful as a tumor marker to help guide treatment in women known to have ovarian cancer because a high level often goes down if treatment is working. But checking CA-125 levels is not as useful as a screening test for ovarian cancer.
Ovarian Cancer Diagnostics Market Regional Analysis/Insights:
The countries covered in this Ovarian Cancer Diagnostics market report are U.S., Canada and Mexico, Germany, France, U.K, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Belgium and Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific, Brazil, Argentina and Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel and Rest of Middle East and Africa.
North America is dominating the global ovarian cancer diagnostics market in terms of market share and revenue and will continue to flourish its dominance during the forecast period. This is due to the high prevalence and incidence of neurological disorders in the region, and growing R&D investments and the launch of new products are boosting the market
This Market Intelligence Report Analyses Some of the Most Crucial Concerns:
- How will the major segments of this international market develop over the next few years?
- Who are the major players that will dominate the market in the future?
- When it comes to this industry, who are the top suppliers and producers?
- How have the most successful companies in the industry planned for future growth and expansion?
- In what sectors might we expect to see the greatest increase in demand over the coming years?
- How many distinct subsets of buyers make up this market?
- Which regional powerhouse do you foresee becoming the largest player in the international market?
- Does a new coronavirus pandemic have any consequences?
- In what ways are established actors stymied by the entry of newcomers, and how may they be overcome?
Table of Contents:
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Ovarian Cancer Diagnostics Market: Regulations
- Market Overview
- Global Ovarian Cancer Diagnostics Market, By Product Type
- Global Ovarian Cancer Diagnostics Market, By Procedure Type
- Global Ovarian Cancer Diagnostics Market, By Cancer Type
- Global Ovarian Cancer Diagnostics Market, By End User
- Global Ovarian Cancer Diagnostics Market, By Region
- Global Ovarian Cancer Diagnostics Market: Company Landscape
- SWOT Analyses
- Company Profile
- Related Reports
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