In-Vitro Colorectal Cancer Screening Tests Market Size, By Test Type (Fecal Occult Blood Tests [Guaiac FOB Stool, Immuno-FOB Agglutination, Lateral Flow Immuno-FOB, Immuno-FOB ELISA], Biomarker Tests [Tumor M2-PK Stool, Transferrin Assays], CRC DNA Screening Tests [Methylated Gene Testing, Panel DNA Tests]), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Japan, China, India, Australia, Brazil, Mexico, South Africa, Saudi Arabia), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Published Date: March 2018 | 140 Pages | Report ID: GMI451 Report Format: PDF

  Request Sample Inquiry Before Buying
Summary Table of Contents Industry Coverage Methodology Request for Customization

Industry Trends

In-Vitro Colorectal Cancer Screening Tests Market size was valued over USD 785 million in 2016 and is anticipated to witness growth of over 5.0% CAGR from 2017 to 2024.
 

China In-Vitro Colorectal Cancer Screening Tests Market, By Test Type, 2013 - 2024 (USD Million)
China In-Vitro Colorectal Cancer Screening Tests Market, By Test Type, 2013 - 2024 (USD Million)

Get more details on this report by requesting a free sample copy
 

Rising incidences of cancer, growing demand for non-invasive disease diagnosis methods along with technological advancements in cancer screening techniques will drive in-vitro colorectal cancer screening tests market over the forecast timeframe.
 

Favourable regulations and cost effectiveness of DNA sequencing will further propel in-vitro colorectal cancer screening tests market growth. U.S. FDA recently approved faecal DNA test and blood test for colorectal cancer screening, thus fulfilling growing consumer demand for minimally invasive screening tests. According to National Cancer Institute’s statistics, nearly 1,317,247 people in U.S. suffered from colorectal cancer in the year 2014. Moreover, prevalence of colorectal cancer among younger population will stimulate demand for colorectal screening tests during forecast period.
 

Technological advancements including high speed DNA sequencing coupled with cost effectiveness of DNA sequencing will fuel in-vitro colorectal cancer screening tests market. Growing R&D towards developing advanced DNA sequencing methods such as RNAP sequencing, hybridization, microfluidic sanger sequencing and will positively impact market growth. However, scarcity of trained professionals in developing countries, inadequate reimbursement coverage and lack of uniform cancer screening guidelines in Asia Pacific will hinder market growth over the coming years.
 

In-Vitro Colorectal Cancer Screening Tests Market, By Test Type

Faecal occult blood test dominated global in-vitro colorectal cancer screening tests market in 2016 and is estimated to follow similar trend over the forecast timeframe. Growing adoption of faecal occult blood test along with its cost effectiveness will drive market growth. Immuno-FOB Agglutination and Immuno-FOB ELISA tests are revenue generating business segments of faecal occult blood test.
 

Lateral flow Immuno-FOB test market is anticipated to witness considerable growth over the coming years due to its enhanced specificity and sensitivity. It can be used in wide range of settings. Moreover, its low sample volume requirement and ease of use will fuel industry growth.
 

Growing research activities pertaining to development of novel biomarker assays, growing awareness about early disease diagnosis allowing use of diagnostic biomarkers will fuel growth of biomarker test segment over the forecast timeframe. Enzyme biomarker M2-PK been considered as vital enzyme in colorectal cancer and polyps will drive tumor M2-PK stool test segment.
 

In-Vitro Colorectal Cancer Screening Tests Market, By Region

U.S. dominated North America in-vitro colorectal cancer screening tests market in 2016 due to large patient population base, high adoption of sedentary lifestyle and unhealthy food habits. Increasing initiatives undertaken by private and public players to create awareness about disease and diagnostic methods will further drive U.S. in-vitro colorectal cancer screening tests market over the forecast period.
 

High technological adoption, technological advancements in cancer screening techniques and rising incidences of bowel cancer will drive Germany in-vitro colorectal cancer screening tests market. Growing application of screening tests for prevention of bowel cancer coupled with presence of German national statutory cancer screening programme will positively impact market size growth.
 

Japan in-vitro colorectal cancer screening tests market will be driven by high disease prevalence, rising demand for cancer screening tests and numerous efforts by government to reduce disease burden. Presence of Cancer Control Act of 2006, improvement in colorectal cancer screening will further propel industry growth.
 

Growing prevalence of colorectal cancer coupled with several initiatives undertaken by government to reduce disease burden will drive Brazil in-vitro colorectal cancer screening tests market. Initiatives such as colorectal cancer (CRC) screening program and Brazilian Association of Intestinal Cancer Prevention (ABRAPRECI) program will positively impact market growth.
 

Competitive Market Share

Few notable players of global in-vitro colorectal cancer screening tests market are EMD Millipore, Siemens Healthcare, Qiagen, Alere and Beckman Coulter. Industry players are engaged in research and development activities to develop tests with superior specificity and sensitivity with relative low price to gain significant market share. New product development, strategic collaboration and expansion through setting up new manufacturing facilities are some of the strategies adopted by market players to consolidate their market position. Other active players in the market include Abbott Molecular, Epigenomics AG, Sysmex Corporation, Eiken Chemical Quest Diagnostics, OncoCyte Corporation-Bio time, BioMarCare Technologies, Novigenix, Randox Laboratories, Exact Sciences Corporation, Immunostics, GeneNews, Kyowa Medex, and R-Biopharm Incorporation.

 

In-Vitro Colorectal Cancer Screening Tests Industry Background

In-Vitro Colorectal Cancer Screening Tests Market Segmentation

Get more details on this report by requesting a free sample copy
 

Growing incidences of colorectal cancer globally along with rising disease awareness due to numerous initiatives undertaken by public and private players will drive in-vitro colorectal cancer screening tests market. Industry players are focusing on developing low cost cancer screening tests with enhanced sensitivity and specificity to gain significant market share along with sustaining their market position. Technological advancements in field of genomics, next generation DNA sequencing and growing demand for minimal invasive techniques for disease screening will positively impact market growth. Market players such as Alere are adopting various expansion strategies to gain significant market share in emerging markets.  For instance, Alere established new manufacturing facility in India in April 2016.

 


What Information does this report contain?

Historical data coverage: 2013 to 2016; Growth Projections: 2017 to 2024.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.


Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability

Why Global Market Insights?

 Comprehensive Research
  • All-inclusive coverage
  • In-depth and granular data (ex: information for 8 to 15 countries, with clients open to add to this list, in each report)
  • Penetrative insights & latest trends
  • Offers holistic understanding of the market
 Data Accuracy & Reliability
  • Unique methodology
  • Iterative in nature to eliminate errors
  • Detailed methodology, scope, assumptions and data sources available for reference
 Post-Sales Support
  • Committed to making a positive difference for our clients
  • Given the nature of this industry, we are committed to ensure that our clients get maximum return on their investment in our services
  • Every purchase comes with an option to obtain additional information:
    • up to 10% of the original cost
    • 45-minute analyst tele-call to obtain further clarity on the market.
 Security & Confidentiality
  • Global Market Insights, Inc. strictly adheres to PCI-DSS security norms.
  • Only PCI-DSS compliant payment methods used for highest level of client data security
This site is protected by Trustwave's Trusted Commerce program Authorize.Net Merchant - Click to Verify

Connect with our sales team

We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info. I Agree