Market Overview
The Oral Cancer Diagnostics Market is expected to reach USD 2.98 billion by 2032, growing at a 4.8% CAGR during the forecast period 2023-2032.
The diagnosis of mouth cancer is facilitated by the oral cancer diagnostics market, providing tools for early detection and treatment planning. With advancements in imaging technologies and biomarker testing, healthcare professionals can identify oral cancer at its earliest stages, improving patient outcomes. The market is expanding due to growing awareness campaigns and the rising incidence of oral cancer globally.
The oral cancer diagnostics market in 2020 is expected to be primarily driven by ongoing technical improvements in endoscopy, biomarkers, and biopsy. Tobacco use has the potential to increase cancer prevalence, resulting in increased demand for enhanced cancer screening tools and market growth. Conventional diagnosis tests are time-consuming; thus, demand for improved non-invasive cancer diagnostics is expected to rise, boosting the market throughout the assessment period. Furthermore, increasing investments by key companies in the oral cancer diagnostic business are expected to strengthen the market in the approaching years.
On the other side, a shortage of educated personnel is expected to stymie the market during the forecast period. However, the availability of early diagnosis techniques and the expanding senior population are expected to counteract the hindering factor, thereby boosting the market.
Market Segmentation
The segmental analysis of the global oral cancer diagnostics market is done by indication, end-user, and diagnosis type.
The indication-based segments of the global oral cancer diagnostics market are oral cavity lymphomas, oral verrucous carcinoma, oral squamous cell carcinoma, mucoepidermoid carcinoma (salivary gland), and others.
The end-user-based segments of the global oral cancer diagnostics market are research and academic institutes, hospitals and clinics, and others.
The diagnosis type based segments of the global oral cancer diagnostics market are fluorescence imaging, biopsy, endoscopy, X-ray, computed tomography (CT), magnetic resonance imaging (MRI), positron emission tomography (PET), ultrasonography, and others.
Regional Analysis
Based on the region, the global oral cancer diagnostics market is done by North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
As per the analysis by MRFR, the global market is anticipated to be dominated by the Americas. The region is predicted to procure the largest market share owing to the presence of prominent key players. The presence of advanced healthcare facilities is anticipated to strengthen the regional market in the coming period. Furthermore, the increasing incidence of oral cancer and supportive reimbursement policies in countries, such as; the US and Canada are expected to play a substantial role in driving the market in the assessment period.
Europe is anticipated to acquire the second largest market share owing to the rising government support for research & development, and the availability of sufficient funds are expected to strengthen the regional market. Also, the expanding geriatric population with the accelerating cases of oral cancer in the region can augment the market in the forecast period.
The APAC market is expected to be the swiftest growing market during the review period owing to the developing healthcare infrastructure. The increasing patient pool is likely to develop the regional market in the coming period. The rise in healthcare expenditure is expected to steer the APAC market in the projection period. The participation of emerging nations like India, China, and Japan can further strengthen the regional market.
The MEA region is anticipated to expand owing to the rising awareness about cancer diagnostics methods with the rising adoption of medical diagnosis modalities.
Key Players
Eminent players of the global oral cancer diagnostics market are Koninklijke Philips NV (Netherlands), F. Hoffmann-La Roche Ltd (Switzerland), GE Healthcare (US), Thermo Fisher Scientific Inc. (US), Hitachi Ltd (Japan), Siemens Healthineers (Germany), PeriRx, LLC (US), Vigilant Biosciences, Inc. (US), Canon Medical Systems Corporation (Japan), and QIAGEN (Germany).
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