Asia Pacific Multi Cancer Early Detection Market Size & Outlook
Asia Pacific multi cancer early detection market, 2018-2030 (US$M)
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Asia Pacific multi cancer early detection market highlights
- The Asia Pacific multi cancer early detection market generated a revenue of USD 172.7 million in 2022.
- The market is expected to grow at a CAGR of 11.2% from 2023 to 2030.
- In terms of segment, gene panel, ldt & others was the largest revenue generating type in 2022.
- Gene Panel, LDT & Others is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 172.7 million |
| Market revenue in 2030 | USD 404.8 million |
| Growth rate | 11.2% (CAGR from 2022 to 2030) |
| Largest segment | Gene panel, ldt & others |
| Fastest growing segment | Gene Panel, LDT & Others |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gene Panel, LDT & Others |
| Key market players worldwide | Illumina Inc, Exact Sciences Corp, Foundation Medicine, Guardant Health Inc, Burning Rock Biotech Ltd ADR, Freenome, AnchorDx, GeneCast, Elypta |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.2% of the global multi cancer early detection market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 1,289.6 million by 2030.
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Multi Cancer Early Detection Market Scope
Multi Cancer Early Detection Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific multi cancer early detection market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to multi cancer early detection market will help companies and investors design strategic landscapes.
Gene panel, ldt & others was the largest segment with a revenue share of 100% in 2022. Horizon Databook has segmented the Asia Pacific multi cancer early detection market based on gene panel, ldt & others covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific MCED market is expected to grow at a lucrative rate owing to various factors, such as increasing healthcare reforms. Other factors contributing to market growth are improving healthcare infrastructure, a growing population, and rising number of local companies entering the market. Asia Pacific has a large population and high prevalence of cancer.
Thus, usage of screening tests for cancer has increased in the past few years owing to growing government initiatives, such as free screening for cervical cancer, breast cancer, & lung cancer, as well as increasing collaborations between governments, research institutes, & companies for distribution & supply of these tests.
In Asia Pacific, cancer has drawn more attention as a result of demographic shifts brought on by urbanization, aging populations, and economic expansion. High prevalence of health risk factors, such as increasing alcohol & cigarette consumption, poor diets, and sedentary lifestyle, are contributing to the increasing prevalence of cancers.
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Our clientele includes a mix of multi cancer early detection market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific multi cancer early detection market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific multi cancer early detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific multi cancer early detection market size, by country, 2018-2030 (US$M)
Asia Pacific Multi Cancer Early Detection Market Outlook Share, 2022 & 2030 (US$M)
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