Global Advanced Cancer Diagnostics Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Genomics Based Diagnostics, Epigenomics Based Diagnostics, Cellular Analysis Based Diagnostics, and Proteomics Based Diagnostics.

By Cancer Type;

Breast Cancer, Lung Cancer, Prostate Cancer, Colorectal Cancer, Liver Cancer, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn788000632 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Advanced Cancer Diagnostics Market (USD Million), 2021 - 2031

In the year 2024, the Global Advanced Cancer Diagnostics Market was valued at USD 93,290.10 million. The size of this market is expected to increase to USD 181,218.36 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10%.

The global advanced cancer diagnostics market is experiencing rapid growth, driven by the rising prevalence of cancer worldwide and the increasing demand for early detection methods. Advances in technology have significantly improved diagnostic capabilities, allowing for more precise and early identification of various cancer types. This early detection is crucial as it can lead to better patient outcomes and more effective treatment options. The market encompasses a range of diagnostic tools, including imaging techniques, molecular diagnostics, and biopsy procedures, each playing a vital role in the cancer care continuum.

One of the key drivers of this market is the growing awareness among populations about the importance of regular cancer screening. Governments and health organizations globally are undertaking initiatives to educate the public on the benefits of early cancer detection, further propelling the demand for advanced diagnostic tools. Additionally, the aging global population, which is more susceptible to cancer, is contributing to the increasing need for sophisticated diagnostic solutions. Innovations in diagnostic technologies, such as liquid biopsies and next-generation sequencing, are setting new benchmarks in the accuracy and efficiency of cancer diagnosis.

The market is also benefiting from substantial investments in research and development by major pharmaceutical and biotechnology companies. These investments are fostering the development of novel diagnostic methods that are less invasive, more accurate, and quicker in delivering results. Collaborations between companies, research institutions, and healthcare providers are leading to significant advancements in diagnostic techniques and are facilitating the transition from traditional methods to more advanced, integrated diagnostic solutions.

However, the advanced cancer diagnostics market faces challenges such as high costs associated with cutting-edge diagnostic technologies and the need for skilled professionals to operate sophisticated equipment. Despite these challenges, the market outlook remains positive due to continuous technological advancements and the increasing emphasis on personalized medicine. Personalized medicine, which tailors treatment based on individual genetic profiles, is highly reliant on advanced diagnostic tools, further driving the market’s growth. As healthcare systems globally move towards more personalized and precise care, the demand for advanced cancer diagnostics is expected to sustain its upward trajectory.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Cancer Type
    3. Market Snapshot, By Region
  4. Global Advanced Cancer Diagnostics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological advancements driving growth
        2. Increasing cancer incidence rates
        3. Rising healthcare expenditure worldwide
        4. Growing demand for precision
        5. Improved diagnostic accuracy rates
      2. Restraints
        1. High diagnostic costs
        2. Limited accessibility in regions
        3. Regulatory approval challenges persist
        4. Limited skilled professionals available
        5. Reimbursement policies vary widely
      3. Opportunities
        1. Emerging market expansion potential
        2. Innovations in liquid biopsy
        3. Increasing use of AI
        4. Personalized medicine gaining traction
        5. Collaborative research driving advancements
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Advanced Cancer Diagnostics Market, By Product Type, 2021 - 2031 (USD Million)
      1. Genomics Based Diagnostics
      2. Epigenomics Based Diagnostics
      3. Cellular Analysis Based Diagnostics
      4. Proteomics Based Diagnostics
    2. Global Advanced Cancer Diagnostics Market, By Cancer Type, 2021 - 2031 (USD Million)
      1. Breast Cancer
      2. Lung Cancer
      3. Prostate Cancer
      4. Colorectal Cancer
      5. Liver Cancer
      6. Others
    3. Global Advanced Cancer Diagnostics Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Roche Diagnostics
      2. Abbott Laboratories
      3. Thermo Fisher Scientific Inc.
      4. Siemens Healthineers
      5. Illumina Inc.
      6. GE Healthcare
      7. Agilent Technologies Inc.
      8. BD (Becton, Dickinson and Company)
      9. Bio-Rad Laboratories Inc.
      10. Qiagen N.V.
      11. Myriad Genetics Inc.
      12. Hologic Inc.
      13. Sysmex Corporation
      14. PerkinElmer Inc.
      15. Danaher Corporation (including its subsidiary, Cepheid)
  7. Analyst Views
  8. Future Outlook of the Market