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

By Product;

Next-Generation Sequencing , Microarrays, In Situ Hybridization, Polymerase Chain Reaction (PCR), Flow Cytometry, Immunohistochemistry , Magnetic Resonance Imaging (MRI), Computed Tomography (CT) , Positron Emission Tomography (PET) , Ultrasound, Biopsy , Mammography, and Others.

By Application;

Colorectal Cancer, Breast Cancer , Lung Cancer, Cervical Cancer, Kidney Cancer, Liver Cancer, Pancreatic Cancer, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn156784758 Published Date: March, 2025 Updated Date: April, 2025

Introduction

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

In the year 2024, the Global Cancer Diagnostics Market was valued at USD 148,570.42 million. The size of this market is expected to increase to USD 250,038.44 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.7%.

The global cancer diagnostics market plays a crucial role in the early detection, diagnosis, and treatment monitoring of various types of cancer, representing a critical component of oncology care worldwide. With cancer incidence rates on the rise globally, fueled by factors such as aging populations, lifestyle changes, and environmental factors, there is an increasing emphasis on effective diagnostic strategies to facilitate timely intervention and improve patient outcomes. Cancer diagnostics encompass a wide range of technologies and methodologies, including imaging tests, biomarker assays, molecular diagnostics, and histopathology, aimed at detecting cancer at its earliest stages, characterizing tumor biology, and guiding personalized treatment approaches.

Technological advancements and innovations in cancer diagnostics have significantly transformed the landscape of cancer care, enabling more accurate, efficient, and minimally invasive diagnostic procedures. Imaging modalities such as computed tomography (CT), magnetic resonance imaging (MRI), positron emission tomography (PET), and ultrasound play a pivotal role in detecting and staging various cancers, providing detailed anatomical and functional information to guide treatment decisions. Additionally, molecular diagnostic techniques, including polymerase chain reaction (PCR), next-generation sequencing (NGS), and immunohistochemistry (IHC), enable the identification of specific genetic mutations, biomarkers, and molecular signatures associated with cancer development and progression, facilitating targeted therapies and personalized medicine approaches.

The global cancer diagnostics market is characterized by a growing emphasis on comprehensive and integrated diagnostic solutions, encompassing screening, diagnosis, prognostication, and treatment monitoring across different cancer types and stages. Multidisciplinary collaboration between oncologists, pathologists, radiologists, laboratory professionals, and industry stakeholders is essential for advancing cancer diagnostics, translating research findings into clinical applications, and improving patient care. Furthermore, the adoption of artificial intelligence (AI) and machine learning algorithms in cancer diagnostics holds promise for enhancing diagnostic accuracy, streamlining workflow efficiency, and unlocking new insights into tumor biology and treatment response. As the global burden of cancer continues to escalate, the evolution of cancer diagnostics remains integral to addressing this public health challenge and improving outcomes for patients affected by cancer worldwide.

  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
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Cancer Diagnostics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Incidence of Cancer
        2. Growing Aging Population
        3. Emphasis on Early Detection and Screening
        4. Rising Demand for Personalized Medicine
      2. Restraints
        1. Limited Access to Advanced Diagnostics in Developing Regions
        2. Regulatory Challenges and Compliance Issues
        3. Lack of Skilled Healthcare Professionals
        4. Concerns Regarding Radiation Exposure
      3. Opportunities
        1. Development of Non-invasive Diagnostic Technologies
        2. Integration of Artificial Intelligence and Machine Learning
        3. Adoption of Point-of-Care Testing
        4. Public-Private Partnerships and Collaborations
    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 Cancer Diagnostics Market, By Product, 2021 - 2031 (USD Million)
      1. Next-Generation Sequencing
      2. Microarrays
      3. In situ Hybridization
      4. Polymerase Chain Reaction (PCR)
      5. Flow Cytometry
      6. Immunohistochemistry
      7. Magnetic Resonance Imaging (MRI)
      8. Computed Tomography (CT)
      9. Positron Emission Tomography (PET)
      10. Ultrasound
      11. Biopsy
      12. Mammography
      13. Others
    2. Global Cancer Diagnostics Market, By Application, 2021 - 2031 (USD Million)
      1. Colorectal Cancer
      2. Breast Cancer
      3. Lung Cancer
      4. Cervical Cancer
      5. Kidney Cancer
      6. Liver Cancer
      7. Pancreatic Cancer
      8. Others
    3. Global 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. Abbott
      2. Qiagen
      3. F. Hoffmann-La Roche Ltd
      4. Siemens Healthcare GmbH
      5. Thermo Fisher Scientific Inc
      6. GE Healthcare
      7. Hologic Inc
      8. Illumina Inc
      9. Philips Healthcare
  7. Analyst Views
  8. Future Outlook of the Market