China Multi Cancer Early Detection Market Size & Outlook
China multi cancer early detection market, 2018-2030 (US$M)
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China multi cancer early detection market highlights
- The China multi cancer early detection market generated a revenue of USD 37.6 million in 2022 and is expected to reach USD 97.7 million by 2030.
- The China market is expected to grow at a CAGR of 12.7% 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 37.6 million |
| Market revenue in 2030 | USD 97.7 million |
| Growth rate | 12.7% (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, China accounted for 4.4% 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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China 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 China multi cancer early detection market based on gene panel, ldt & others covering the revenue growth of each sub-segment from 2018 to 2030.
The government has undertaken various initiatives, such as free cervical cancer screening campaigns for women of all ages and collaborations with nonprofit organizations to improve accessibility of tests. Various companies have entered into collaborations and partnership agreements to provide MCED tests in the country.
For example, in July 2022, Guardant Health collaborated with Hangzhou-based clinical lab company Adicon Holdings Limited to offer its liquid biopsy test, which can detect 96% of early-stage cancer with a single blood draw.
Many biotechnology companies have initiated trials in China, as clinical trial regulations are lenient and companies expect higher approvals for MCED tests in the country than in the Americas and Europe, where trials required for approval & reimbursement are expensive.
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Horizon Databook provides a detailed overview of country-level data and insights on the China multi cancer early detection market , including forecasts for subscribers. This country databook contains high-level insights into China multi cancer early detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China multi cancer early detection market size, by type, 2018-2030 (US$M)
China Multi Cancer Early Detection Market Outlook Share, 2022 & 2030 (US$M)
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