• Multi Cancer Early Detection Market Was Valued At USD 891.58 million in 2022 | DataLibraryResearch

    An overview of the global Multi Cancer Early Detection market, and related technologies and developments. Analyses of global market trends, with historical data from 2016, 2017, and 2018 estimates and projections of CAGRs through 2030.

     

    It also includes breakdowns of the overall Multi Cancer Early Detection market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Multi Cancer Early Detection market and comprehensive profiles of leading companies in the industry

     

    Report Overview

    • The global multi cancer early detection market was valued at USD 791.58 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 15.80% from 2022 to 2030. 
    • The market for multi cancer early detection (MCED) is expected to witness growth due to the factors such as the increasing prevalence of cancer and the enhanced focus of the governments on the early detection of cancers. In 2020, according to the WHO, cancer is the world's leading cause of death, accounting for nearly 10 million deaths or almost one in six deaths. 
    • Smoking, having a high body mass index, drinking, obesity, and elevated cholesterol are some of the factors that contribute to one-third of cancer-related deaths. The market offers a great opportunity with the growing awareness regarding the early detection of cancer for improving patient survival and reducing treatment costs.

    Report Scope

    • The report forecasts the size of the Multi Cancer Early Detection market for components from 2022 through 2030.
    • The Executive Summary provides a snapshot of key findings of the report.
    • The introduction chapter includes research scope, market segmentation, research methodology, and definitions and assumptions. It involves extreme rigorous scientific methods, tools and techniques to estimate the market size.
    • Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market.
    • Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
    • The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. 
    • The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis.
    • This chapter provides a detailed insights of market which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
    • After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.

    End-use Insights

    • The hospitals segment dominated the overall market with a revenue share of over 48.0% in 2022. The dominance of this segment is attributed to the presence of specialized doctors and healthcare staff that are involved in diagnosis and treatment.
    • Hospitals serve as a medium to educate and create awareness among individuals about specific diseases and disorders.
    • MCED is an emerging technology about which the target audience has minimal awareness. Hence, in hospitals, asymptomatic patients are tested for multiple forms, making it easier for treatment.

    Global Multi Cancer Early Detection market Competitive Analysis

    Key players in the Global Multi Cancer Early Detection market are

    • Grail
    • LLC
    • Exact Sciences Corporation.
    • Foundation Medicine Inc.
    • AnchorDx
    • Guardian Health Inc.
    • Burning Rock Biotech Limited
    • GENECAST
    • Laboratory for Advanced Medicine Inc.
    • Singlera Genomics Inc.

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    This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2027. Global Multi Cancer Early Detection market is distributed on the basis of below mentioned segments:
    Multi Cancer Early Detection market