North America Cancer Diagnostics Market Size & Outlook
North America cancer diagnostics market, 2018-2030 (US$M)
Related Markets
North America cancer diagnostics market highlights
- The North America cancer diagnostics market generated a revenue of USD 43,374.0 million in 2023.
- The market is expected to grow at a CAGR of 5% from 2024 to 2030.
- In terms of segment, consumables was the largest revenue generating product in 2023.
- Consumables is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 43,374.0 million |
| Market revenue in 2030 | USD 60,916.4 million |
| Growth rate | 5% (CAGR from 2023 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Consumables |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Services, Instruments, Consumables |
| Key market players worldwide | Abbott Laboratories, Roche Holding AG, GE HealthCare Technologies Inc Common Stock, Qiagen NV, Becton Dickinson & Co, Koninklijke Philips NV, Siemens Healthineers AG ADR, Hologic Inc, Thermo Fisher Scientific Inc, Illumina Inc |
Other key industry trends
- In terms of revenue, North America region accounted for 40.4% of the global cancer diagnostics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 35,952.3 million by 2030.
Consumables was the largest segment with a revenue share of 59.98% in 2023. Horizon Databook has segmented the North America cancer diagnostics market based on services, instruments, consumables covering the revenue growth of each sub-segment from 2018 to 2030.
North America dominated the global cancer diagnostics market in 2023, primarily influenced by key product launches. For instance, in July 2022, Nanostics, Inc. announced the launch of a clinical investigation to identify the most effective indicators of bladder cancer for early detection.
It studied a minimally invasive liquid biopsy test to diagnose bladder cancer using the Nanostics ClarityDX diagnostic platform. Similarly, in February 2018, Genomic Health, Inc. launched a liquid biopsy test, Oncotype DX AR-V7 Nucleus Detect.
Developed in collaboration with Epic Sciences, this liquid biopsy test enables accurate detection of androgen receptor protein that circulates tumor cells. Thus, a rise in the launch of technologically advanced products is expected to fuel the usage of cancer diagnostic tests.
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Cancer Diagnostics Market Scope
Cancer Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America cancer diagnostics market size, by country, 2018-2030 (US$M)
North America Cancer Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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