Healthcare and Medical

Colorectal Cancer Screening Market Growth Accelerated By Increasing Colorectal Screenings

Leena Shedmake

Colorectal Cancer Screening Market Growth Accelerated By Increasing Colorectal Screenings

Colorectal cancer screening tests help detect early signs of colorectal cancer. These screening tests include fecal occult blood test (FOBT), fecal immunochemical test (FIT), flexible sigmoidoscopy, colonoscopy and DNA stool test. Colonoscopy is considered as the gold standard for screening as it allows examination of the entire colon and removal of polyps.

The global Colorectal Cancer Screening Market is estimated to be valued at US$14716.31 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing adoption of colorectal cancer screening is one of the major factors driving the growth of this market. various awareness campaigns by governments and healthcare organizations regarding the importance of early detection of colorectal cancer through regular screening is encouraging population to adopt screening. As perWHO, around 54% of colorectal cancer cases and deaths could be avoided with regular screening tests. The non-invasive screening tests such as FOBT and FIT have improved participation in screening programs. Novel DNA screening tests which can detect traces of cancer in stool samples without need for colonoscopy or sigmoidoscopy are gaining popularity due to ease of administration. This has positively impacted the market growth over the forecast period.

Segment Analysis

The global colorectal cancer screening market is dominated by fecal occult blood test (FOBT) sub segment. FOBT accounted for over 35% of the global market share owing to its early detection capability and non-invasive procedure. Colonoscopy segment is expected to witness higher growth during forecast period on account of rising awareness about early screening and diagnosis.

Key Takeaways

The Global Colorectal Cancer Screening Market Demand is expected to witness high growth during the forecast period of 2023 to 2030.

Regional analysis: North America region currently holds the largest market share due to high awareness and supportive government policies for preventive healthcare. Asia Pacific is expected to witness fastest growth owing to rising healthcare expenditure, growing focus on preventive healthcare and increasing aged population.

Key players operating in the colorectal cancer screening market are Siemens AG, GeoTraq, Robert Bosch GmbH, Continental AG, Valeo, NEC Corporation, Westbase Technology Ltd, Verizon Communications Inc., Cubic Telecom Ltd., BOSCH Service Solutions GmbH, Fleet Complete, TomTom International BV., Teletrac Navman, Ruptela, Arya Omnitalk, EFKON AG, Frotcom International , Hitachi, Ltd., Garmin Ltd., Trimble Inc.

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Leena Shedmake

Colorectal Cancer Screening: The Role of Genetic Testing and Risk Assessment

Ben Wood 2023-06-07

This article explores the significance of genetic testing and risk assessment in the context of colorectal cancer screening. It emphasizes that genetic testing can identify individuals carrying these mutations, allowing for early screening initiation and more frequent monitoring. Additionally, the article discusses the importance of comprehensive risk assessment, taking into account factors like family history, lifestyle choices, and other potential risk factors. It showcases how genetic testing and risk assessment are essential components of a comprehensive approach to colorectal cancer prevention and early detection. By shedding light on the role of genetic testing and risk assessment in colorectal cancer screening, this article aims to enhance reader understanding and emphasize the importance of personalized screening strategies for optimizing outcomes and promoting individualized care.

Colorectal Cancer Screening Market is Estimated to Witness High Growth Owing to Opportunity for Early Cancer Detection

Poonam 2024-01-04

The increasing awareness about early cancer detection and government initiatives to promote screening programs are fueling the demand for various colorectal cancer screening tests. The global colorectal cancer screening market is estimated to be valued at US$ 14716. According to the American Cancer Society, early detection through screening can prevent colorectal cancer or find it at an early stage when treatment often leads to a cure. Bargaining power of buyers: Moderate - There are multiple vendors providing colorectal cancer screening services but buyers have some bargaining power depending on volume. Key Takeaways: The global Colorectal Cancer Screening Market Share is expected to witness high growth supported by rising awareness and increasing private and public funding for early detection. The global colorectal cancer screening market is estimated to be valued at US$ 14716.

AI Assisted Gastrointestinal Cancer Screening is fastest growing segment fueling the growth of Colorectal Cancer Screening Market

Sumedha 2023-12-08

As per the Globocan Cancer Factsheets, 2020, colorectal cancer is a leading cause of cancer incidence as well as cancer mortality worldwide with 1. SWOT Analysis Strength: Colorectal cancer screening is one of the major preventive measures against colorectal cancer. Opportunity: Development of non-invasive screening tests with high accuracy like blood-based tests is anticipated to boost screening rates significantly. Key Takeaways The Global Colorectal Cancer Screening Market Share is expected to witness high growth, exhibiting CAGR of 7. Key players- Key players operating in the Colorectal Cancer Screening market are Polymedco Inc.

Growing Focus On Precision Medicine And Advanced Technologies To Drive Colorectal Cancer Screening Market

Ashish Thapa 2023-10-06

The increasing prevalence of colorectal cancer and growing awareness about regular screening programs for early detection are driving the growth of the global colorectal cancer screening market. This integration of AI in colorectal cancer screening not only improves the overall diagnostic accuracy but also reduces the burden on endoscopists. The growing focus on precision medicine and advanced technologies is expected to drive the adoption of AI in the colorectal cancer screening market in the coming years. The global Colorectal Cancer Screening Market Growth is estimated to be valued at Us$12,866. According to the World Cancer Research Fund, colorectal cancer is the third most common cancer globally, with over 1.

Colorectal Cancer Screening Market size, Trends and Forecast (2023-2033)

Tanzeel Obaid 2023-06-12

The Colorectal Cancer Screening Market is projected to reach $9. The colorectal cancer screening market is in the developing phase. Government-sponsored population-wide screening programs and the growing burden of colorectal cancer and patient awareness in emerging economies can be some of the major opportunities in the global colorectal cancer screening market. Partnerships, alliances, and business expansions accounted for the maximum number of key developments in the global colorectal cancer screening market, followed by funding activities. Competitive Strategy: Key players in the global colorectal cancer screening market analyzed and profiled in the study involve players that offer colorectal cancer screening products and services.

Global Colorectal Cancer Screening Market 2022 - Top Key Players Analysis Report Till 2028

kashish Singh 2023-04-12

The new Colorectal Cancer Screening Market report offers a comprehensive study of the current scenario of the market including major market dynamics. Get more information on "Global Colorectal Cancer Screening Market Research Report" by requesting FREE Sample Copy at https://www. Furthermore, the global colorectal cancer screening market is expected to see significant growth due to advancements in technology for screening. However, the high cost of screening is expected to impede the growth of the global colorectal cancer screening market. Purchase Complete Global Colorectal Cancer Screening Market Research Report at https://www.

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