Australia Multi Cancer Early Detection Market Size & Outlook
Australia multi cancer early detection market, 2018-2030 (US$M)
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Australia multi cancer early detection market highlights
- The Australia multi cancer early detection market generated a revenue of USD 16.0 million in 2022 and is expected to reach USD 37.6 million by 2030.
- The Australia market is expected to grow at a CAGR of 11.3% 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.
Multi cancer early detection market data book summary
| Market revenue in 2022 | USD 16.0 million |
| Market revenue in 2030 | USD 37.6 million |
| Growth rate | 11.3% (CAGR from 2022 to 2030) |
| Largest segment | Gene panel, ldt & others |
| Fastest growing segment | Gene Panel, LDT & Others |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Australia accounted for 1.9% of the global multi cancer early detection market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China multi cancer early detection market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 97.7 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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Australia 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 Australia multi cancer early detection market based on gene panel, ldt & others covering the revenue growth of each sub-segment from 2018 to 2030.
Australia’s MCED market is expected to grow significantly due to research collaborations and favorable government initiatives. In May 2022, the Australian Cancer Research Foundation (ACRF) launched Child Cancer Liquid Biopsy Program for children with cancer.
Under this program, simple blood tests provide information about changes in a child with cancer through its journey and whether or not the child is supported well to treatment.
Similarly, in January 2022, the Australian Government announced investing USD 10 million in medical research to identify innovative methods to enhance participation in the country's programs for screening for bowel, breast, & cervical cancers.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia multi cancer early detection market , including forecasts for subscribers. This country databook contains high-level insights into Australia multi cancer early detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia multi cancer early detection market size, by type, 2018-2030 (US$M)
Australia Multi Cancer Early Detection Market Outlook Share, 2022 & 2030 (US$M)
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