Pancreatic Cancer Diagnostic Market Report

Market Insights

The Global Pancreatic Cancer Diagnostic Market is estimated to grow from USD 2.4 billion in 2020 to USD 3.5 billion by 2026 at a healthy CAGR of 6.7% during the forecast period.

Figure: Global Pancreatic Cancer Diagnostic Market Size, 2020-2026 (USD Billion)

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What is Pancreatic cancer Diagnostic?

Pancreatic cancer is defined as a type of cancer that occurs within the tissues of the pancreas. The pancreas is located behind the stomach and it aids in digestion by producing enzymes needed by the body to digest fats, proteins, and carbohydrates.

It also produces hormones that control blood sugar levels in the body. It can be diagnosed using various tests including CT scan, magnetic resonance imaging, biopsy, and blood test among others.

Key Players

The key players operating in the global Pancreatic Cancer Diagnostic market are-

• F. Hoffmann-La Roche AG (Switzerland),
• Myriad Genetics (The U.S),
• GE Healthcare (The U.S),
• BD (India),
• Koninklijke Philips N.V. (Netherlands),
• Siemens AG (Germany),
• Abbott Laboratories (The U.S),
• Hitachi Medical Corporation (Japan),
• Canon Medical Systems Corporation (Japan),
• Danaher Corporation (The U.S),
• Qiagen (Germany),
• BioMarker Strategies (The U.S), and
• Asuragen, Inc. (The U.S).

Market Dynamics

The global market growth is primarily driven by the rising number of people having pancreatic cancer due to obesity, high consumption of alcohol, and smoking.

• Expand geriatric population is likely to drive the market growth further.
• It can also occur as a result of a family history of pancreatitis mutation.
• Increasing investment in research and development activities to develop advanced diagnostic solutions is likely to contribute to the market growth substantially.
• However, the high treatment cost is likely to affect the growth of the pancreatic cancer diagnostic market.

Segment Analysis

Test Trends

Based on the test, the market has been divided into imaging test, biopsy, blood test and other.

The imaging segment accounted for the largest share in 2020 and is expected to continue its dominance during the review period as it helps to detect cancer at an early stage. The biopsy segment is projected to register healthy growth during the review period.

Regional Trends

The market in North America accounted for the largest share in 2020 owing to rising incidences of pancreatic cancer, expanding geriatric population, and availability of advanced diagnosis solutions.

The market in the Asia-Pacific region is projected to register a healthy growth rate on account of an increasing number of people having pancreatic cancer couples with the availability of advanced treatment facilities.

COVID-19 Impact on Global Pancreatic Cancer Diagnostic Market

The covid-19 outbreak did affect the growth of the pancreatic cancer diagnostic market negatively as patients suffering for pancreatic cancer postponed their surgery due to rapid surge in covid-19 cases across geographies. Additionally, people having pancreatic cancer were at risk of becoming severely ill. The fear of corona virus infection affected the growth of the pancreatic cancer diagnostic market amid pandemic.

Critical Questions answered in the report-

• What are the key trends in the global pancreatic cancer diagnostic market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on global pancreatic cancer diagnostic market?
• What are the key strategies adopted by the major vendors to lead in the global pancreatic cancer diagnostic market?
• What is the market share of the top vendors?

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Target Audience

The following is a list of the customers that the Global Pancreatic Cancer market aims to convert the most:

• Pancreatic cancer diagnostic distributors
• Pancreatic cancer diagnostic suppliers
• Pancreatic cancer diagnostic manufacturers
• Logistics organizations
• Government Bodies

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