Liver Cancer Screening Market Outlook
According to a new report by Expert Market Research titled, “Global Liver Cancer Screening Market Size, Share, Analysis, Report and Forecast 2023-2028″, the global liver cancer screening market is projected to grow at a CAGR of 18.5% between 2023 and 2028. Aided by the rising prevalence of liver cancer and the growing emphasis on early diagnosis, the market is expected to grow significantly by 2028.
Liver cancer screening involves tests and procedures used to detect liver cancer at an early stage in individuals at risk of the disease. These tests, including imaging studies like ultrasound, computed tomography (CT) scans, and magnetic resonance imaging (MRI), as well as blood tests for biomarkers such as alpha-fetoprotein (AFP), play a crucial role in early detection and effective treatment of liver cancer. Apart from their diagnostic properties, these screening tools also assist in monitoring disease progression and the efficacy of treatment interventions.
The increasing incidence of liver cancer globally is the key driver of the liver cancer screening market growth. Rising alcohol consumption, increasing prevalence of hepatitis infections, and the obesity epidemic are all contributing to the surge in liver cancer cases. This surge has led to an emphasis on early detection, leading to a significant demand for liver cancer screening procedures. Moreover, the global health community’s focus on reducing cancer mortality rates has further bolstered the liver cancer screening market’s expansion.
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The widening applications of liver cancer screening techniques also significantly contribute to the liver cancer screening market expansion. In the healthcare industry, these screenings are used to monitor patients with cirrhosis or chronic hepatitis, who are at high risk for developing liver cancer. Furthermore, advances in imaging technologies and biomarker discovery have enhanced the accuracy of liver cancer screening, resulting in better patient outcomes and driving their adoption across various medical settings.
In addition, the growing interest in personalised medicine has increased the focus on liver cancer screening. With the rise of precision medicine and genomics, liver cancer screening is evolving, becoming more personalised and effective. The integration of genomics into liver cancer screening, enabling the identification of individuals with genetic susceptibility to the disease, is a major trend shaping the future of this market. This individualised approach is expected to fuel the liver cancer screening market development over the forecast period.
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Liver Cancer Screening Market Segmentation
The market can be divided based on type, screening, end use, and region.
Market Breakup by Type
- Hepatocellular Carcinoma
- Cholangiocarcinoma
- Hepatoblastoma
- Others
Market Breakup by Screening
- Laboratory Tests
- Biomarkers
- Blood Tests
- Imaging Tests
- Endoscopy
- Biopsy
- Others
Market Breakup by End Use
- Hospitals and Diagnostic Laboratories
- Pharmaceutical and CRO Laboratories
- Academic and Research Institutes
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global liver cancer screening companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- F. Hoffmann-La Roche Ltd
- Abbott Laboratories
- Siemens Healthineers AG
- Koninklijke Philips N.V.
- Becton, Dickinson and Company
- Epigenomics AG
- Thermo Fisher Scientific Corporation
- FUJIFILM Holdings America Corporation
- Others
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